africa

FrontEdge secures $10M in funding from TLG and Flexport to support African exporters

by

Addressing the challenges faced by African international trade, FrontEdge, a Lagos-based fintech, recently raised $10 million in debt and equity to empower cross-border trade for SMEs. In Africa, only 30% of trade volumes receive financial support from banks, creating a significant financing gap for SMEs. With an annual international trade value of $1.2 trillion in … Read more

Paystack Reduces Operations Outside of Africa, Affecting 33 Employees in Europe and Dubai

by

African payments company Paystack has downsized its operations outside of Africa, leading to a reduction in its workforce in Europe and Dubai. The decision is part of an effort to streamline its operations, especially in markets where the company had previously hired technical roles to support its primary operations in Africa. Co-founder and CEO Shola … Read more