Asaak Archives

Which Ugandan Startups Have Been Involved in Acquisitions?

Jonathan N. LubwamaAfrica Industry & Analysis Lists & Rankings Startups Technology The Big StoryJanuary 15, 2025January 20, 2025

In the African startup ecosystem, acquisitions are rare. This is true for nascent ecosystems, and Uganda is no exception. An acquisition happens when one company, typically larger and more established,…

CEO East Africa Analysis: Uganda’s Most Funded Startups from 2019 to 2024.

Jonathan N. LubwamaLists & Rankings The Big StoryAugust 1, 2024August 12, 2024

The startup ecosystem in Uganda has experienced remarkable growth over the past five years, with an increasing number of entrepreneurs launching innovative ventures across various sectors. As these startups seek…

The Ten Biggest Funding Rounds Raised by Ugandan Startups from 2019 to 2024.

Jonathan N. LubwamaIndustry & Analysis Startups The Big StoryJuly 11, 2024July 11, 2024

Ugandan startups have increasingly become attractive to VC firms across Africa. Outside the big four of Kenya, South Africa, Nigeria and Egypt, Uganda regularly hovers next to them competing with…

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

Jonathan N. LubwamaStartups The 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…