What’s happened this Week:

• Sendwave launches a remittance product for Kenyas

• Ivorian fintech ANKA raises $5 million in a pre-series A round

• and more!

According to a report by TechCabal, Nigerian fintech Payday is actively looking for buyers for the company.

The company which raised $3 million in a seed round six months ago is entertaining conversations with potential buyers.

The company has had some controversies including misappropriation of customer funds and a CEO who apparently works full-time at GitHub

In The News This Week:

Sendwave Launches New Banking Product Targeting Kenyans In The US

Sendwave, a digital remittance company, has launched a new banking product that allows users to earn interest and pay reduced fees on international remittances.

ANKA Raises $5M Funding in Pre-Series A Extension

ANKA, the “all-in-one SaaS for global African businesses”, has announced the closure of a US$5M pre-Series A extension round led by the International Finance Corporation (IFC) with participation from Proparco and the French Public Investment Bank.

ROAM Launches New Electric Shuttle Bus Built Entirely in Kenya

Kenyan electric mobility company ROAM has launched a new all-electric shuttle bus called the Move, which is assembled entirely in Kenya.

In the rest of the news:

• Lupiya Raises $8.25 Million In Series A Round to Grow Neobanking Business in Africa 

• Complete Farmer Raises $10.4 Million In Pre-Series A Round

• Turaco Acquires MicroEnsure Ghana to Deepen Affordable Insurance Coverage across Africa

• Uber and Enterprise Group Partner To Provide Comprehensive Insurance Packages for Uber Drivers in Ghana

• Ghana Lands Commission To Sign $85 Million Contract With Private Investor To Improve Its Services

• EBANX Expands Operations To Eight More African Countries Including Ghana and Senegal

Tech Events In Ghana

We’re putting together events that will be happening later in Ghana this year. You can check them out here:

Africa Ecosystem Funding Activity

• Kenyan fintech platform Lipa Later secures landmark approval for public fundraising in US - Disrupt Africa

Labari Media Podcast

In our second episode from “The Labari Media Podcast”, we spoke with Marjorie Saint Lot, Country Manager of Uber for Ghana and Cote D’Ivoire. We discussed the evolution of Uber in Ghana, their recent safety initiatives, and more.

The episode is now available on podcast platforms including:

Ecosystem Data Portal

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You can access all this data by subscribing to our portal here for $20/month (or 60GHC a month)