Startups

How Ugandan Startups Can Reduce Burn Rate and Increase Runway Amid a Global Funding Winter. 

by Jonathan N. LubwamaFintechsICTStartupsThe Big StorySeptember 19, 2023September 19, 2023

In venture capital, a ‘funding winter’ denotes a prolonged period marked by reduced capital inflow, posing formidable challenges for startups seeking investment. During this financial downturn, startups often contend with…

Kenya Dominates PE and Venture Capital Funding in East Africa in the Last Decade, Uganda a Distant Second.

by Jonathan N. LubwamaFinanceFintechsICTIndustry & AnalysisNews & AnalysisStartupsThe Big StorySeptember 15, 2023September 15, 2023

The East African Venture Capital Association (EVCA), a body that represents private capital providers including development finance institutions (DFIs), private equity and venture capital funds, family offices and impact investors…

Ugandan Fintech, Emata, Raises $2.4m to Expand its Agri-loan Services to East Africa

by Jonathan N. LubwamaFintechsICTStartupsThe Big StorySeptember 14, 2023September 14, 2023

Emata, a pioneering fintech and microfinance firm based in Uganda, has successfully secured $2.4 million in a seed funding round. The funds, which include $800,000 in equity and $1.6 million…

BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

by Jonathan N. LubwamaEast AfricaFinanceFintechsICTStartupsThe Big StorySeptember 13, 2023September 13, 2023

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…

Only 71% of Investors Get Regular Investor Updates from Portfolio Startups in Africa

by Jonathan N. LubwamaFintechsICTStartupsThe Big StorySeptember 12, 2023September 12, 2023

Startups need funding to grow at a speed that they want. This funding usually comes in the form of venture capital which is raised from VC firms, angel investors and…

Lipa Later Embarks on Ambitious $1.24M Raise in a Global Crowdfunding Campaign.

by Jonathan N. LubwamaFintechsICTNews & AnalysisStartupsSeptember 7, 2023September 7, 2023

In a significant development for the African fintech sector, Lipa Later, a leading fintech platform, launched a global crowdfunding campaign after securing regulatory greenlight in the USA. The company aims…

How Abraham Banaddawa is Democratising Investment with Level Africa.

by Jonathan N. LubwamaFintechsICTStartupsThe Big StorySeptember 7, 2023September 7, 2023

When Abraham Banaddawa was studying medicine in the USA, he realised he wasn’t going to change much in the world. This realisation made him change courses to Business Administration where…

How Does Uganda’s Regulatory Stance Towards Crypto Compare With Other African Countries?

by Jonathan N. LubwamaEast AfricaFintechsICTNews & AnalysisStartupsAugust 31, 2023August 31, 2023

Uganda has been a hotbed for cryptocurrency scams, largely due to the legal ambiguity surrounding the use of digital currencies. The country has had its fair share of crypto scams,…

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

by Jonathan N. LubwamaStartupsThe Big StoryAugust 31, 2023August 31, 2023

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not…

Two Ugandan Startups Selected for TechCrunch’s 2023 Startup Battlefield 200.

by Jonathan N. LubwamaStartupsAugust 29, 2023August 30, 2023

In the world of tech startups, the TechCrunch Startup Battlefield 200 is a prestigious platform that offers a golden opportunity for early-stage companies to showcase their innovative solutions. This year,…