Tage Kene-Okafor, TechCrunch

Tage Kene-Okafor


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Past articles by Tage:

African payment service provider Nomba raises $30M, backed by Base10 Partners and Shopify

Shopify and global investors Base10 and Khosla Ventures back Nomba as it looks to deliver bespoke payment solutions to African businesses. → Read More

Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

Smile Identity, a KYC and ID verification partner for many African fintechs and businesses has acquired Appruve, a Ghanaian developer of identity verification software. → Read More

Nigerian credit-led fintech FairMoney acquires PayForce in retail-merchant banking play

FairMoney has acquired YC-backed PayForce as the lender looks to broaden its financial services proposition to merchants. → Read More

Naspers shuts down Foundry, its $100M fund focused on South African startups

Naspers has winded down the operations of its $100 million South Africa-focused venture capital fund Naspers Foundry after three years. → Read More

Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a headcount of more than 2,000 […] → Read More

Alleged security breach leaves millions of dollars missing from Flutterwave accounts

Last month, African fintech Flutterwave was involved in a hack that resulted in over $4 million missing from its accounts. → Read More

South African car subscription service Planet42 raises $100M equity, debt

Planet42, an African mobility startup that buys used cars from dealerships and rents to customers, gets $100 million in equity and debt. → Read More

Chipper Cash executes second round of layoffs less than three months after axing 12.5% of staff

African fintech Chipper Cash conducted a second round of layoffs last Friday just ten weeks after it cut approximately 12.5% of its staff. → Read More

Co-Creation Hub’s edtech accelerator puts $15M towards African startups

CcHUB's new accelerator program, EdTech Fellowship Program, will back and support 72 startups across Nigeria and Kenya over three years. → Read More

Jumia laid off 20% of staff in Q4 2022 amid work to reduce losses by half this year

Jumia, as part of its streamlining efforts, reduced headcount among managerial roles by 60% in Dubai and undertook overall headcount reductions that resulted in over 900 position terminations across its 11 markets, affecting 20% of its staff. This occurred in Q4 last year, according to Jumia’s FY2022 financials. This news follows Jumia Supervisory Board’s note […] → Read More

IFC leads $17M investment in South African insurtech Naked

The IFC and DEG back South African digital insurance player, Naked, in one of the largest ever African insurtech funding rounds. → Read More

Costanoa Ventures and Norrsken22 back Smile Identity in $20M Series B round

Smile Identity provides ID verification and KYC compliance for African faces and identities; raises $20 million for its expansion plans. → Read More

Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

Investors in Curacel's $3 million seed round include Tencent, YC and AAF Management and Elefund (investors in New York-based insurtech Sure). → Read More

Jendaya raises funding to scale its Africa-focused luxury e-commerce platform

Jendaya is a luxury e-commerce platform that wants to target African consumers while also exposing African brands to the rest of the world. → Read More

After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

What drove Africa's record deal volumes when the rest of the world was reining back the enthusiasm of 2021? We polled a few investors to find out. → Read More

Egyptian health tech Yodawy raises $16M, backed by Delivery Hero Ventures

Yodawy, an Egyptian healthtech that connects pharmacies, insurance companies and pharmaceuticals with patients, raises $16 million Series B. → Read More

Sendmarc nabs $7M to offer email protection from phishing attacks and email impersonation

Over 90% of cybercrime starts with an email impersonation. Sendmarc, which just raised $7 million, helps customers by locking down their email domains and monitoring for attempted abuse. → Read More

Partech hits first close of largest Africa-focused fund, at €245M

Partech Africa reaches the first close of its second fund at €245 million, making it the largest Africa-focused fund yet. → Read More

SunFi aims to be the fastest way for Nigerians to find, finance and manage solar

SunFi, a solar financing platform based in Nigeria has raised $2.325 million as it builds a fintech platform for the cleantech space. → Read More

South African digital lender Lulalend to launch banking product off the back of $35M Series B

South Africa’s Lulalend has secured a $35 million Series B funding round to scale its business and address South Africa’s enduring SME credit gap estimated to be over $20 billion yearly. → Read More