Others

Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up

August 1, 2023
Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 60% of GDP growth and playing a crucial role in job creation. According to the National Bureau of Statistics, there are over 39 million such firms, and 87% operate informally, meaning they primarily receive cash and perform activities […]

Nigeria’s Remedial Health gets QED backing in $12M round

August 1, 2023
Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised $12 million Series A equity-debt funding, to scale operations in the West African country. Fintech VC firm QED Investors co-led the round, banking on embedded financial opportunities like payments, and lending in the pharmaceutical sector. This is QED’s […]

Dynatrace acquires cloud-native debugging platform Rookout

July 31, 2023
Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production. Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level […]