- Pula, a Kenyan insurtech startup, has secured $20 million in Series B funding to reach more farmers in Africa and establish new partnerships. Global investment manager BlueOrchard led the funding round via its InsuResilience strategy. Other participants include the IFC’s $225 million venture…
- Kenya’s SunCulture, a provider of solar-powered irrigation solutions and agricultural technology to smallholder farmers, has raised a US$27.5 million Series B funding round to fuel its growth and build new products. SunCulture helps smallholder farmers grow more food with climate technology,…
- Formed in 2014, Zeepay is focused on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, bank accounts and digital tokens to international money transfer operators, payments, subscriptions, international airtime and refugee payments. The startup has a footprint in…
- In a significant stride towards empowering the residents of Ogun State, the co-founders of GFA Technologies, Debo Omololu and Tunji Oke, embarked on a visit to key government officials in Ogun State on Wednesday, 20th March 2024. The meeting, which was held with the esteemed Commissioner for…
- ClusterLab, the company behind the Arabic audiobook summarization app Reedz, has secured $600,000 in pre-seed funding. This round boasts support from prominent investors, including Karim Beguir, early backers of InstaDeep, and regional angel investors, signifying a strong belief in Clusterlab’s…
- Cairo-based digital marketplace Pharmacy Marts has raised a six-figure US dollar bridge round from early-stage venture capital firm Acasia Ventures to boost its growth and expansion plans. Founded in January 2021 by Ahmed Kadous, Ahmed Mazhar, Haitham El Ghotni, and Mahmoud Shousha, Pharmacy Marts …
- Artificial intelligence is transforming the world of business and creating new opportunities for Small and Medium Enterprises across different sectors and regions. In Africa, where SMEs account for more than 90% of businesses and contribute to over 80% of employment, AI can be a game-changer for…
- Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the…
- Youverify, an AI-driven Anti-Money Laundering (AML) solutions startup has raised a $2.5 million investment from Elm, a digital innovation and solutions firm based in Saudi Arabia, in a move to simplify AML compliance for businesses and enhance AML risk intelligence across the globe. Launched in…
- Nigeria-founded mobility fintech company Moove, which democratizes access to vehicle ownership for mobility entrepreneurs, has raised US$100 million in a Series B funding round that takes total raised capital to over US$460 million and values the company at US$750 million. Founded in 2020 to…
- Cairo, Egypt – March 2024 Tiye Angels, Egypt’s first female angel investment network, is proud to announce its first inaugural investment in InCurA, a promising company developing innovative, patent-protected medical devices solutions. This investment marks a significant milestone for both Tiye…
- Nigerian startup Zone, a fast-growing payment infrastructure company, has raised US$8.5 million in an oversubscribed seed funding round to help it scale its blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond. Zone has developed a…
- 30Med, a medical education platform, announces a significant milestone in its journey towards transforming healthcare. The company has successfully secured a pre-seed fund, propelling it into a new phase of growth and innovation. Founded by Doctor Ayman Ragab, a visionary entrepreneur with a proven…
- Moroccan FinTech startup Tookeez has proudly secured a substantial $1.5 million in a recent fundraising round led by the esteemed Azur Innovation Fund. Founded in 2020 by Hicham Amadi, Wiam Elmejjad, and Siham Elmejjad, Tookeez consolidates loyalty points from a variety of brands into a single…
- XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its fourth fund, African Rivers Fund IV (ARF IV), with a first close of US$98.7 million. XSML Capital was founded in 2008 to help talented entrepreneurs in frontier markets in Africa grow their…
- Morocco-based superapp ORA Technologies has secured US$1.5 million in seed funding from local entrepreneurs to help with its expansion plans. Founded in 2023 by Omar Alami, ORA has built a mobile app that offers multiple features, including P2P transactions, an e-commerce platform, on-demand…
- TowerCo of Africa Uganda has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank of Austria (OeEB) and Belgian Investment Company for Developing countries, to support new investment aimed at significantly…
- Planet42, a South Africa-based car subscription company, has raised $16 million debt and equity funding from Standard Bank, marking a strategic move to local-currency funding and expanding its vehicle financing solutions. Founded in 2017 by Eerik Oja and Marten Orgna, Planet42 uses data and…
- VC firm Ring Capital has announced the launch of Ring Africa, its impact investment vehicle for French-speaking West Africa, which aims to support young start-ups with a strong social and environmental impact, and has a target of EUR50 million (US$55 million). Ring Capital finances and supports…
- The South Africa-based Simera Sense, a global leader in providing end-to-end optical payload solutions to the small satellite Earth observation industry, has raised EUR13.5 million (US$14.8 million) to help it develop its product range, increase production, and accelerate on-board processing…
- Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small businesses in South Africa,…
- Egypt-based adtech dKilo has secured $3.2 million in seed funding, mix of equity and financing, from Upturn Ventures, to create a new channel for brands to engage with consumers through its online platform. Founded in 2020 by Mohamed Mousa and Sherif Abdelaty, dKilo is a technology company in the…
- South African digital healthcare marketplace startup RecoMed has raised an undisclosed – yet sizeable – amount of funding from the Japanese pharmaceutical firm Eisai to help it continue on its growth trajectory. RecoMed is a tech-driven online healthcare marketplace and booking platform that…
- South African payroll and HR company PaySpace has been acquired by the US firm Deel in a partnership that makes the latter the market leader in the global payroll space. PaySpace provides multi-country payroll and HR functionalities with built-in compliance for organizations of all sizes and…
- Nigeria’s Jamit, a decentralized podcast hosting platform and Kenya’s Shamba Records which wants to revolutionize AgTech in Africa have received $135,000 each from CV Labs, the global accelerator pillar of Switzerland’s blockchain venture capital firm CV VC. The CV Labs Accelerator provides each…
- In an evolving world of technology, innovation and upskilling, SMEs and young graduates can not be left out any longer as businesses now require rigorous knowledge intake, mind-tasking innovation, as well as great upskilling in order to be elevated to a spectacular sphere. On Thursday, February…
- MDaaS Global, a Nigerian health tech company that operates a network of tech-enabled diagnostic centers across the country, has secured $3 million in pre-Series A funding. The round was led by Aruwa Capital and Newton Partners, the latter of which was the lead investor in the health tech’s $2.3…
- South African venture capital company Conducive Capital has launched a US$50 million fund to invest in early- and growth- stage startups in South Africa and Africa. Founded by Clive Butkow, founder and former CEO of Kalon Venture Partners, and Mitchan Adams, co-founder of South African fintech…
- Egypt’s MoneyHash, a leading payment orchestration platform in the Middle East and Africa, has raised a US$4.5 million seed funding round to help it expand. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has developed a proprietary payment orchestration platform and end-to-end…
- Nigerian fintech startup BFREE, a leading ethical credit manager platform, has raised a US$2.95 million round of funding to enhance its product suite. Founded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor, BFREE leverages AI technology to transform the credit collection process across…
- South African startup Cue, a fast-growing provider of AI-enabled customer service chat software, has closed a US$2 million seed round of funding to deliver deeper integration of AI into its platform and fuel its growth and expansion. Founded in 2015, Cue enables businesses to help customers quickly…
- She Code Africa has received funding from FedEx, one of the world’s largest express transportation companies, to help 100 African women kickstart their careers in the tech industry. This support includes teaching participants tech skills, guiding their career paths, providing resources, and…
- Egyptian venture capital firm Acasia Ventures joined a $1.5 million pre-seed funding round for Kenyan digital commerce startup tappi. The round was led by Mercy Corps Ventures and Chui Ventures and joined by international VC firms and angel investors, as well as advisors from Google and Salesforce…
- In continuing to work towards sustainably bridging Africa’s digital divide, E3 Capital to announce its investment in Badili Africa’s (Badili) Seed funding round. Badili provides access to top-tier smartphone brands for consumers in Kenya, Uganda and Tanzania, utilising local refurbishment to offer…
- South African startup Hohm Energy, which helps homeowners and businesses to go solar with accredited solar installers, product suppliers, and embedded solar finance, has raised US$8 million in seed funding to help it scale. Launched in 2021 by Tim Ohlsen and Emir Gluhbegovic, Hohm Energy has built…
- Uganda’s Level Africa has raised funding from Renew Capital to simplify access to African capital markets by streamlining the investment process, enabling quick and easy access to bonds, stocks and other financial instruments from a smartphone or laptop in just five minutes. As a regulated fintech…
- Sawa Energy, a solar electricity solution powering Rwandan businesses with clean and renewable energy has received new funding from Renew Capital to provide critical power for small and medium businesses. With operations in Rwanda and Uganda, Sawa Energy eliminates upfront costs, making solar and…
- Techstars, the startup investor in Africa, held its second pan-African Demo Day in partnership with Lagos-based innovation program, the ARM Labs Lagos Techstars Accelerator Demo Day. The three-month accelerator program saw 12 startups present to Techstars’ vast network of investors, mentors, senior…
- Digital Africa, an investment fund formed by a multinational community of partners to support Africa’s digital entrepreneurs – incubators, financial institutions, venture capitalists and tech clusters, has invested in Kwely Inc., a Senegalese startup, to help propel its global expansion. Through…
- Sawari Ventures, an investment company, has announced plans to launch a new fund with an investment target of approximately $150 million in Egyptian startups, as stated by CEO and co-founder Hani Al Sanbati. Al Sanbati emphasized in an official statement that Sawari Ventures is targeting various…
- Arnergy, a Nigerian clean tech startup that deals in distributed renewable energy products and solutions, has raised $3 million in new financing. The bridge round was financed by All On, a Shell-backed off-grid energy impact investment company. The financing comes five years after Arnergy, a…
- Partech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close. At that size, Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund…
- Logidoo, a rising star in the African logistics and e-commerce sector, has proudly announced a significant boost in its seed funding, securing $1,550,000. This investment, led by a consortium of venture capitalists such as Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia…
- Ghanaian tech talent startup Remoteli has raised US$315,000 in funding from Dutch professional footballer Jeremie Frimpong, aimed at supporting its work in revolutionising the African employment landscape. Launched in 2020, Remoteli is a technology-driven platform that specialises in connecting…
- GFA Technologies proudly announces the onboarding of four esteemed professionals, Oscar Ramos, Gbite Oduneye, Neha Shah, and Linda Hastrup re-establishing its commitment to nurturing innovation and growth in the African Business landscape. Gbite Oduneye is the founder and managing partner of ODBA…
- The Catalyst Fund has invested $1.8 million in 9 early-stage climate tech startups across Africa, bringing their total portfolio to 19 companies driving climate adaptation and resilience on the continent across 8 different markets: Kenya, Egypt, Morocco, Nigeria, Senegal, South Africa, Tanzania,…
- Kenyan electric mobility startup Roam, previously Opibus, has raised US$24 million in debt and equity funding to help accelerate its expansion across Africa. Founded in 2017, and rebranded earlier this year, Roam is the leading provider of electric vehicles designed and manufactured locally. Its…
- Mody-Oury B, the esteemed CEO of Cote d’Ivoire based company Transnumerik, a Microsoft Gold Partner that offers cutting-edge Microsoft certified business solutions to African companies, paid a visit to GFA Technologies on Thursday, 8th of February, 2024. The meeting between the two technology…
- GFA Technologies proudly announces the onboarding of four esteemed professionals, Oscar Ramos, Gbite Oduneye, Neha Shah, and Linda Hastrup re-establishing its commitment to nurturing innovation and growth in the African Business landscape. Gbite Oduneye Gbite Oduneye is the founder and managing…
- Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the…
