- What’s this about? Moniepoint has been recognized by the Financial Times as Africa’s fastest-growing fintech for the second consecutive year, achieving remarkable growth and ranking among Africa’s top four fastest-growing companies overall. With growth rates of 7,979% (absolute) and 332% (CAGR),…
- What’s this about? IFC commits $150 million to four projects spanning healthcare, finance, and trade sectors in Egypt and Africa, targeting small businesses and mid-cap companies to stimulate economic development. Initiatives include advisory support for expanding universal healthcare coverage in…
- What’s this about? Haier Smart Home has inaugurated the Egypt Ecological Park, signalling a significant expansion in the Middle East and African markets and a milestone in its global growth strategy. With a focus on energy efficiency and digital innovation, the Egypt Eco-Park is set to create over…
- What’s this about? Access Bank, in collaboration with Mastercard, launches an innovative solution to enhance cross-border payments and remittances, aiming to bring Africa closer to the global economy. Leveraging Mastercard Move’s network and treasury capabilities, Access Bank’s Access Africa…
- What’s this about? South African BNPL provider PayJustNow partners with alternative lender Merchant Capital to offer retailers quick access to working capital through PayJustNow Advance, aiming to support economic growth and job creation. With over 1.3 million customers, PayJustNow is South Africa’…
- What’s this about? MEST Africa announces the selection of 12 innovative startups for the inaugural Mastercard Foundation EdTech Fellowship in Ghana, aimed at providing critical support to African EdTech companies for scaling and impact in education. The selected companies represent a diverse range…
- What’s this about? OmniRetail, a Nigerian B2B e-commerce startup, clinches the top spot as Africa’s fastest-growing company, with a remarkable revenue growth of 772.39% in 2022 to $139.8 million. Mauritian Kyosk Digital, a B2B platform that connects retailers to FMCG manufacturers, was ranked…
- What’s this about? The Nigerian government plans to establish the Nigerian Startup House in San Francisco, USA, aiming to boost the country’s presence in the global technology landscape and attract foreign investment. The Startup House initiative aligns with Nigeria’s strategic blueprint to enhance…
- What’s this about? GTCO, the holding company of Guaranty Trust Bank, plans to list additional shares on the Nigerian and London Stock Exchange to raise $750 million, aiming to surpass a new working capital requirement set by the Central Bank. Despite GTCO’s preference for the NGX, doubts linger…
- What’s this about? Maad, a Senegalese B2B e-commerce startup, secures $3.2 million in debt-equity funding, led by Ventures Platform and other notable investors, to expand its presence in and across the Francophone region. The funding enables Maad to develop further its end-to-end distribution…
- What’s this about? Stanbic Bank is a vital link for Kenyan businesses, facilitating connections and transactions in the complex Chinese market landscape, mitigating risks and enabling seamless trade. Stanbic Bank empowers Kenyan enterprises to navigate international trade complexities and…
- What’s this about? NoOnes, the financial communication super app, has achieved over 200,000 downloads in just over a year since its launch in April 2023, with a significant surge in daily downloads and user signups, particularly in Africa. The platform’s growth is driven by its diverse features,…
- What’s this about? Glint, an investment firm in Egypt, has announced the first close of its second venture fund at $3 million, with a focus on supporting startups through its proprietary venture studio model. Anchored by Wadi Degla Group, Glint Fund II aims to invest between the Seed and Series A…
- What’s this about? Airtel Africa plans to take its mobile money unit public in 2025 as part of its expansion into more African countries. The company is currently active in 14 nations, with CEO Olusegun Ogunsanya confirming the IPO timeline. Despite challenging macroeconomic conditions leading to…
- What’s this about? Google.org is extending $250,000 in relief grants to aid Kenyans affected by catastrophic floods, accompanied by SOS alerts and Search Ads to disseminate vital information and resources during this crisis. The severity of the flooding disaster has left the country with 228 lives…
- What’s this about? ABO Capital, an investment firm in Angola, has launched the Amity Training Centre in Luanda, aiming to nurture professional talent and support economic growth in the region. Led by Zandre Campos, ABO Capital focuses on various sectors, including education and technology, with the…
- What’s this about? Kubik, an Ethiopian startup, recently secured $5.2 million in seed funding and now plans to expand its innovative approach of transforming hard-to-recycle plastic waste into affordable, low-carbon building materials across Africa, addressing the continent’s housing and waste…
- What’s this about? MNZL, an Egypt-based fintech firm, has successfully raised $3.5 million in a Seed funding round. The funding was led by P1 Ventures, Localglobe, and Ingressive Capital, with additional support from 500 Startups, Flat6Labs, First Circle Capital, ENZA Capital, Beenok, and other…
- What’s this about? Kenyan e-commerce startup tappi collaborates with the Kenya National Chamber of Commerce and Industry (KNCCI) to provide digital services tailored for 30,000 MSMEs, including business landing pages and text marketing capabilities. Through a Memorandum of Understanding (MoU) with…
- What’s this about? Co-creation Hub (CcHub) has selected 12 innovative ed-tech startups for the second cohort of the Mastercard Foundation EdTech Fellowship, offering support and funding to drive change in Africa’s education sector. The fellowship, launched with a US$15 million initiative in Kenya…
- What’s this about? Gebeya Inc and D!NK Multimedia PLC forge a strategic partnership to revolutionize talent management and multimedia services in Ethipia and across Africa. D!NK Multimedia PLC integrates Gebeya’s Talent Cloud technology to enhance talent acquisition and management capabilities,…
- What’s this about? TotalEnergies’ fourth annual Startupper of the Year Challenge aims to reward 100 African startups, highlighting the company’s commitment to innovation and entrepreneurship on its 100th anniversary. Open to young Tanzanian entrepreneurs aged 18 to 35, the challenge supports…
- What’s this about? Adumo, a major South African fintech player, is being acquired by Lesaka for ZAR1.59 billion (US$85.9 million), forming a powerhouse in Southern Africa’s payments sector. The merger combines Adumo’s 23,000 merchants and ZAR24 billion (US$1.3 billion) throughput with Lesaka’s 1.7…
- What’s this about? MoneyHash and Visa have joined forces to enhance digital payment experiences in the Middle East and Africa, leveraging Visa’s advanced payment solutions and global reach. Through this collaboration, MoneyHash gains access to Visa’s suite of digital payment technologies, including…
- What’s this about? Seamfix, an identity solutions company, has raised $4.5 million from Alitheia IDF to expand to Ghana, Kenya, and South Africa due to currency fluctuations. Founded by Chimezie Emewulu and Chibuzor Onwurah, the company provides identity verification solutions to governments and…
- What’s this about? 40 start-ups graduated from the Youth Startup Academy Uganda during the SWARM Summit in Kampala, showcasing the diverse industries and potential to revolutionize Uganda’s entrepreneurial landscape. The SWARM Summit emphasized fostering innovation, collaboration, and growth in…
- What’s this about? South African fintech startup Moya Money rebrands as Bloo Money in May 2024, aiming to differentiate itself, inject vibrancy into the sector, and acknowledge its global co-founders. Co-founded by Thulani Masebenza and Sabica Pardesi, Bloo Money empowers freelancers through its…
- What’s this about? Future Africa and CatalyzU have collaborated to introduce the “How to Startup” fellowship, a seven-week initiative targeting African entrepreneurs to equip them with vital skills for business success. Crafted by esteemed African founders and venture capitalists, this intensive…
- What’s this about? Google Opens Applications for the eighth cohort of its Google for Startups Accelerator Africa programme The program strongly focuses on startups that leverage artificial intelligence (AI) and machine learning (ML) to address critical challenges and unlock new opportunities…
- What’s This About? Ethio Clicks, a startup that offers diverse e-commerce solutions in Ethiopia, is claiming to be the country’s first “super app.” Founder Ezedin Wangoria’s journey from software developer to an entrepreneur led to Ethio Clicks, which was fueled by international exposure and…
- Sasan Hezarkhani, Ahmad Mokhtar, and Tarek Mokhtar
The post Egypt’s Swypex Takes Off After Securing $4M in Seed Funding appeared first on GetFundedAfrica Media.
- GFA Technologies recently participated in the Tech & Digitalisation Delegation program in Stockholm, Sweden, facilitated by Business Sweden. The successful implementation of this program has significantly improved the level of collaboration between the organizations involved, leading to a…
- Renda, a Nigerian order fulfilment and retail distribution startup, has closed its pre-seed round at $1.9m in equity and debt funding to enhance its offerings, drive expansion to more cities in Nigeria and East Africa, and grow its partnership network across all active markets. The equity…
- Kenyan mobility startup BuuPass has acquired QuickBus in a bid to scale in Nigeria and South Africa. Founded in 2016, BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via the web, app, or USSD. So far, the startup has sold over six million…
- On Friday, 26th April 2024, a group of enthusiastic Corp members from the “Mind the Gap” Community Development Service (CDS) under the NYSC scheme in Abeokuta South Local government, embarked on an insightful journey into the realm of technology and innovation. GFA Technologies, renowned for its…
- Kenyan agri-tech startup Farm to Feed, which has developed a B2B platform that connects surplus produce with new uses, has raised an undisclosed amount of funding from Renew Capital to help it scale. Founded in 2020, Farm to Feed aims to reduce food loss by aggregating and creating a new market for…
- Ethiopia’s Kubik, which specialises in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, has raised a US$5.2 million seed funding round to help scale operations. Founded in 2021 by Kidus Asfaw and Penda Marre, Kubik produces low-carbon, affordable…
- Chowdeck, a Nigerian on-demand delivery service, has secured $2.5 million in seed funding, which it will use to strengthen its position in the Nigerian market. Investors such as FounderX Ventures, True Culture Funds, Hoaq Fund, Levare Ventures, Haleakala Ventures, YCombinator, Goodwater Capital,…
- Kubik, an Ethiopian startup that recycles plastic waste into low-cost, environmentally friendly building materials, has raised $1.9 million in a seed extension round to expand its operations. The funding comes from African Renaissance Partners, an East African venture capital firm; Endgame Capital…
- Madica, a structured investment programme designed for pre-seed stage startups in Africa, has announced its first set of investments in three startups on the continent. Launched in 2022 and affiliated with fintech-focused VC firm Flourish Ventures, Madica is a sector-agnostic investment programme…
- Africa-focused venture capital company TLcom Capital has announced the final close of its US$154 million Tide Africa II early-stage fund, which is focused on seed and Series A ventures. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom Capital has US$350 million of assets under…
- Bokra, a Cairo-based fintech, announces the successful closure of its $4.6 million pre-seed round led by DisrupTech Ventures and SS Capital alongside other investors, setting it to revolutionise wealth management in the MENA region by being the first platform to offer goal-based investment and…
- bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million Pre-Seed investment round, led by Saudi venture capital firm Khawarizmi Ventures. The funding round was joined by Camel Ventures, Acasia Ventures, and a pool of angel investors. Founded in 2022 by…
- Egypt-based Fintech Waffarha has raised a seven-figure Seed round by Value Makers Studio (VMS). Founded in 2012 by Tarek Magdy, Waffarha’s platform offers daily deals with big discounts starting from 50% up to 90%. New funds will be deployed to double down Waffarha’s technology stack, hire new…
- Egypt-based podcast production company “The Potcast Productions Company” (TPP) has raised an early financing round at an undisclosed value through the Shark Tank programme. Founded in 2020 by Islam Adel, Potcast creates 15 diverse programmes tailored to various target demographics. It claims to…
- The South Africa-based data and applied artificial intelligence (AI) solutions startup Spatialedge has secured ZAR60 million (US$3.1 million) in funding to support its mission to transform the retail industry. Launched in Stellenbosch in 2017, Spatialedge is a big data and applied machine learning…
- Nigerian retail-tech startup OmniRetail has kicked off its latest round of fundraising with an undisclosed amount of funding from Goodwell Investments. Founded in 2019, OmniRetail is a B2B enablement company that provides the necessary digital infrastructure to tackle some of the most pressing…
- The e-Mobility Innovation Hackathon, which took place on March 28th, 2024, at the Microsoft Garage, brought together innovative minds who aimed to shape the electric vehicle (EV) industry. Several startup finalists presented their visionary ideas and innovations, making it clear that there is…
- Spark+ General Partner has announced the second and third closings of Spark+ Africa Fund, with a current AUM of US$64 million. Spark+ is the first impact debt fund dedicated to growing the clean cooking sector across sub-Saharan Africa. In the fund’s second closing in July 2022, the European…
- Baobab Network, an early-stage investor that backs startups across Africa, has announced the acquisition of Reflector Marketing, a strategy and branding agency headquartered in South Africa. The Baobab Network has been accelerating startups with capacity building and fundraising since 2019 and…