African Startups Morning Wire…

AFRICAN STARTUPS MORNING WIRE

ISSUE OF

The overnight wire, every weekday morning — the raises, launches and exits the desk judged in.

African startup funding shifts beyond big four as smaller markets attract 54% in October.

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African startup funding shifts beyond big four as smaller markets attract 54% in October

African startup funding shifts beyond big four as smaller markets attract 54% in October

Morocco and Tanzania each secured $40 million, helping ventures outside Nigeria, Kenya, Egypt and South Africa capture more than half read more African startup funding shifts beyond big four as smaller markets attract 54% in October

Why it matters: Ventures outside Nigeria, Kenya, Egypt and South Africa capture more than half of October funding, with Morocco and Tanzania each securing $40 million.

businessday.ng · 5 November

Yellow Card acquires Brazilian crypto firm GoMoney, expands Latin American operations

The stablecoin payments infrastructure provider expands its presence in Latin America through the acquisition of Brazilian virtual asset service provider

nairametrics.com · 5 November

The 2023 Chinese rule that may have stalled OPay’s US listing

A last-minute regulatory inquiry from China has raised questions about whether the fintech company underestimated its exposure to Beijing's securities rules

techcabal.com · 5 November

Two more stories in this issue.

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