Ghanaian fintech startup Affinity Africa has secured $8 million in seed funding to enhance its financial services. With backing from European venture capital firms, the company aims to serve more underserved individuals and micro-businesses. Since its launch, Affinity has onboarded 50,000+ users and disbursed $15 million in loans, strengthening financial inclusion in Ghana.
As an investor with a diversified portfolio across 4 continents—from power to oil & gas, financial services, and healthcare—I can tell you one thing: nowhere else offers the kind of ROI than Africa does.
The Tony Elumelu Foundation Entrepreneurship Programme (2025) supports African entrepreneurs with funding, mentorship, and training. Open to businesses aged 0–5 years, the programme fosters innovation and economic growth across Africa. Apply today!
EasyBank, a Tunisia-based fintech startup, has raised $370,000 to drive its expansion into new markets. With AI-powered financial services, the company simplifies banking and enhances accessibility. This investment will accelerate its growth and reinforce its position in the fintech industry.
SeamlessHR, a leading Nigerian HR-tech startup, has secured $9 million in Series-A extension funding from investors like the Gates Foundation and Helios Digital Ventures. With this boost, the company is expanding into Nigeria’s public sector, targeting government agencies to modernize HR operations.
Resilience17, founded by Flutterwave CEO GB Agboola, has introduced Go Time AI, an accelerator program aimed at empowering African AI startups. With up to $200,000 in funding, mentorship, and technical resources, the program supports innovators in building scalable AI solutions. The first cohort includes startups like Catlog, Sahel AI, and FriendNPal, showcasing Africa’s potential in the global AI landscape. Applications for the next cohort open in May 2025.
Applications are now open for the Tony Elumelu Entrepreneurship Programme (TEEP), offering African startups training, mentorship, and $5,000 seed funding. Join a network of 10,000 entrepreneurs driving innovation and economic growth across the continent. Apply today!
Stanbic IBTC Holdings Plc is set to recapitalize its fintech subsidiary, Zest Payments, with ₦4 billion to enhance its competitiveness in Nigeria’s fintech space. Despite lagging behind peers like Hydrogen and HabariPay, Zest aims to leverage this investment to boost its e-commerce and payment solutions, paving the way for future profitability.