
AfricaWorks Insights
June 20, 2025 at 02:30 PM
🇩🇿 Algerian HR tech startup Talenteo secured a six-figure investment from 216 Capital to expand its AI-powered SaaS platform for payroll and HR across Africa. 🌍 With 10,000+ users and 150 businesses onboard, Talenteo streamlines admin, payroll, and compliance for SMEs—the continent’s biggest job creators. 💼 The funding will support expansion into Tunisia and other Francophone markets as demand for digital HR grows. 🚀
🪙 Yellow Card is teaming up with Visa to roll out stablecoin-powered payments in Africa by 2025, starting in at least one market. 🌍 The partnership aims to reduce cross-border transfer costs and improve treasury operations using Visa’s infrastructure. 💸 With rising stablecoin adoption, Africa is positioned as a key player in the $3.7T global market. 🚀
Tokyo-based Cordia Directions Inc., operator of Kenya’s used-car platform Peach Cars, raised $11M in a Series A round led by Suzuki Global Ventures—the largest mobility-sector raise in Africa at this stage. 🚗 Peach Cars is transforming Kenya’s informal used-car market with inspections, transparent pricing, financing, and after-sales support. 🔍 With thousands of transactions done, Peach is scaling beyond Kenya, setting a new transparency standard in African mobility. 🌍
The World Bank Group is considering a $500M credit guarantee to unlock private funding for South Africa’s $25B transmission grid expansion, adding 14,500 km of power lines over the next decade ⚡️. The facility targets bottlenecks blocking 20GW of renewable energy from connecting to the grid, supporting projects mainly in high-renewable, remote regions. 🌞💨 The standalone guarantee would cover payment defaults, helping avoid extra sovereign debt amid strained finances.

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