Andela’s Unicorn Status, M-Pesa is Africa’s Largest Fintech & Digital Air Pollution in Kenya | The Round-up
We are officially in the final three months of the year. As usual, we have another news roundup for you. We explore Andela’s unicorn status, M-Pesa’s popular status, and Flutterwave’s partnership with MTN, amongst others. Here’s the roundup.
Andela is Africa’s Latest Unicorn
Yes, you read that right. We have yet another unicorn in Africa - this time it's the almighty Andela. Andela paved the way for talent startups in Africa and has been successful with training both junior and senior developers over the last 7 years. Andela helps tech companies build remote engineering teams. Last year, the company changed their business model from training junior developers, to instead focusing on senior developers in Africa, training and distributing them to job roles at global tech companies.
It’s safe to say that this pivot, alongside their recent $200m Series E fundraise led by Softbank’s Vision Fund 2, with the participation of Whale Rock, Generation Investment Management and the Chan Zuckerberg Initiative, helped them to reach unicorn status quickly. The company is now valued at values $1.5 billion. The company is looking to focus on mergers & acquisitions, with more emphasis on building products for engineers and companies.
Here is a roundup of other news stories from the African startup scene in September:
For more news on African tech startups, follow us on Twitter @DiNNAfrica.