Industry: mobility fintech
Sentiment: Positive
Total Articles: 10
Last Article: 2025-09-16 12:03:04+00:00
Y Combinator-alum Rulebase has raised $2.1 million in pre-seed funding to automate back-office tasks in financial services. The startup's AI agent streamlines support tickets, dispute resolution, and compliance tasks across platforms like Zendesk and Slack.
A lawsuit has been filed by Patrick Sikalinda claiming co-founder status and 33% equity in Union54, now operating as ChitChat. The company disputes these claims, describing Sikalinda as a subcontractor. The dispute centers around the origins and ownership of the once-promising African card-issuing API startup.
Munify, an Egyptian fintech startup, has secured a $3 million seed round led by Y Combinator. The company is developing a cross-border digital bank for Egyptians abroad, offering instant transfers, US bank accounts, and FX tools.
Munify, a cross-border neobank founded by Khalid Ashmawy, aims to provide faster and cheaper money transfers for Egyptians abroad. The Y Combinator-backed startup has raised $3 million in seed funding and offers both consumer and business services for remittances and US banking access.
Lagos-based food delivery startup Chowdeck has raised $9 million in Series A funding led by Novastar Ventures. The company plans to launch quick commerce services and expand into more cities in Nigeria and Ghana, aiming to become Africa's top super app for food, groceries and essentials.
ZeroEntropy, a San Francisco-based startup, has raised $4.2 million in seed funding to improve data retrieval for AI models. The company offers an API for managing ingestion, indexing, re-ranking, and evaluation of data for AI applications.
Bereket Engida, a self-taught programmer from Ethiopia, has developed Better Auth, an open-source authentication framework that's gaining traction among developers. The startup recently raised $5 million in seed funding from notable investors and has seen significant adoption, particularly among AI startups.
Djamo, a fintech startup focusing on Francophone West Africa, has raised $17 million to expand its digital banking services. The company serves over 1 million customers in Ivory Coast and Senegal, offering a range of financial products positioned between mobile money and traditional banking.
Y Combinator-backed Nigerian food procurement startup Vendease has implemented a new performance-based pay structure and is seeking fresh capital after laying off 44% of its workforce. The company is shifting focus to software-driven growth and its buy now, pay later product while phasing out warehousing and logistics operations.
Moove, an Africa-born mobility fintech, has acquired Kovi, a Brazilian urban mobility provider, in an all-share transaction. The deal increases Moove's annual revenue to $275 million and strengthens its position in the Latin American market.