- GetFundedAfrica hosted its first cohort incubation program for 2023 called the harmattan cohort. However, there will be other cohort programs within the year. It was a virtual orientation meeting, aimed at providing all the prospective startups in the harmattan cohort for 2023 with the organization…
- Egypt-based fintech Hollydesk, an expense management platform has raised $1 million in venture debt financing from unknown investors to help small and medium-sized businesses (SMBs) in the country manage and track their daily expenses. The funding will be used to expand Hollydesk’s offerings and…
- Cellulant has appointed Ibrahim Gbolahan Aminu as General Manager for Cellulant in Nigeria to manage and oversee the day-to-day operations and provide leadership as Cellulant expands coverage for Tingg, Cellulant’s Digital Payments platform, across Nigeria. Ibrahim is a business manager with…
- JP Morgan, America’s and the world’s largest bank by market capitalization which is headquartered in New York, now has a regional office in Nairobi, Kenya. This move further underscores the African ambitions of the American banking giant as it is now present in Nigeria, Egypt, South Africa, and…
- Dr. Jaishree Naidoo was in charge of pediatric radiology at a South African hospital in 2014 when she had a moment of epiphany after coming across a news story on the usage of AI recognition patterns in distinguishing animals. As a radiologist with 20 years of experience, Naidoo was already…
- Abler Nordic, is the new name of the Nordic Microfinance Initiative, a public-private partnership investing in companies in Sub-Saharan Africa and Asia supporting low-income households with financial services. The new name was launched locally at an event in Nairobi on February 21 by Managing…
- MSI, a world leader in gaming, content creation, business & productivity, and AIoT solutions in over 120 countries has partnered with Egypt’s fintech ‘Fawry’ to facilitate payment for businesses and consumers. Through this partnership, ‘MSI’ aims to provide exclusively discounted business…
- South Africa is set to host the first Africa Digital Finance Summit from the 24th to the 26th of May 2023 at the Sandston convention centre. The three-day event is themed: “The Future of Finance in Africa: Ourpathway to a new Africa.” The Summit will incorporate a thought-leadership conference…
- A female-focused accelerator program is a start-up accelerator that specifically targets and supports female entrepreneurs and their ventures. It provides resources, mentorship, and networking opportunities to help female entrepreneurs grow and scale their businesses. The aim of such programs is…
- GetFundedAfrica in collaboration with Build Ventures Africa is pleased to announce the “Peo Investment Readiness Program”. The Peo Investment Readiness Program is designed to help develop the startup ecosystem in Botswana from the ground up. This provides a venture development platform for the…
- Starlink, the satellite-based internet company founded by billionaire Elon Musk, has begun its operations in Rwanda. It was launched at Kigali Convention Center (KCC) on February 22. According to reports, the hardware is initially planned to cost Rwf572,000, increasing the total cost of the package…
- The AfricaGoGreen Fund (AGGF) has closed its second fundraising round at $47 million from the International Finance Corporation (IFC), the African Development Bank (AfDB), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA) The funding will enable AGGF to finance…
- Planet42 to use funds for South Africa and Mexico Expansion Rent-to-buy firm said the Mexican market similar to South Africa Naspers Ltd., an early investor in China’s Tencent and still its largest shareholder, is backing rent-to-buy car firm Planet42 in a $100 million debt and equity fund-raising…
- Dillali, the innovative financial record-keeping platform, today announced the successful completion of a bridge round of funding. The round was supported by investors: Raw Ventures, Lemonade Stand, and DF Syndicate. This new investment will help Dillali expand its technical team and partner with…
- The HR payroll market across the world is expected to record a compound annual growth rate (CAGR) of 9.2% reaching a $14.31 billion valuation by the close of this decade, buoyed by the increased demand for payroll and other HR solutions. In emerging markets, the growing awareness of HR payroll tech…
- Innovation and capital are two essential factors that play a critical role in driving economic growth and development in Africa. The continent has immense potential, and with the right investments in innovation, Africa can achieve its full potential and become a global economic powerhouse. Africa…
- Know Your Customer (KYC) technology and Consumer Analytics company, QoreID has announced the appointment of Diana Aba Yorke as its new Country Manager in Ghana. Diana brings a wealth of experience and knowledge to her new role having worked in various industries including financial services,…
- Flance, an employee benefits company serving Africa’s gig economy, has announced a collaboration with leading ride-hailing platform Bolt that provides Bolt drivers in Nigeria with access to discounted healthcare plans. Through this collaboration, Bolt driver-partners can take advantage of Flance’s…
- The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of five investees, each of which secures US$50,000 in funding. The Baobab Network has been accelerating startups with capacity building and fundraising since…
- Terraa, a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 million in pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sustainability, and health. Other participants in the round were UM6P Ventures, Outlierz Ventures,…
- Less than a year after its launch, Kenyan B2B construction tech startup Jumba has secured clients in major regions of the East African country, a tell-tale of the growth it has experienced over the last 10 months. Jumba, which enables construction material retailers (regarded as hardware stores…
- GetFundedAfrica has entered a tripartite agreement with VFD Microfinance Bank Ltd and VFD Tech Ltd to provide financial & innovative services to the African startup ecosystem through technology. Gbenga Omolokun- Managing Director VFD Tech and VBankOluwakemi Balogun- Executive Director,…
- Naked Insurance, a South African Insurtech announced that it has raised $17 million in a Series B funding round led by International Finance Corporation (IFC). Other participants in the round include German Development Finance Institution (DEG) and earlier investors Yellowwoods and Hollard, South…
- Nigerian invest tech startup Bamboo has been granted a digital sub-broker license from Nigeria’s Securities and Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as include Nigerian securities on its platform. Founded in 2019, Bamboo is an online…
- Nigerian e-health startup Famasi, which began life as a medication management service but has expanded its vision to building pharmacy infrastructure to scale digital health, has raised a pre-seed round of funding. Launched in 2021 by Adeola Ayoola and Umar Faruq Akinwunmi, Famasi is a digital…
- South African startup RNR, a breakdown management company with technology that mobilizes a network of nationwide suppliers to service entire fleets at the touch of a button, has raised ZAR10 million (US$555,000) in funding to support its growth and African expansion. RNR, which stands for “Right…
- February 1, 2023, Gbite Oduneye, managing partner at ODBA (an early-stage venture capital firm), visited GetFundedAfrica’s head office in Ogun Tech Hub, Abeokuta. It was an amazing way to start the new month. Gbite Oduneye is a visionary investor and business leader who has made a significant…
- Africa’s largest innovation hub Co-Creation Hub (CcHUB), is launching a $15 million accelerator program, dubbed The Edtech Fellowship Program, to back and support 72 startups across Nigeria and Kenya over the next three years. According to a statement shared by the firm, the accelerator program…
- The theme for International Women’s Day, 8 March 2023 (IWD 2023) is, “DigitALL: Innovation and technology for gender equality”. This theme is aligned with the priority theme for the upcoming 67th Session of the Commission on the Status of Women (CSW-67), “Innovation and technological change, and…
- Startup accelerator and early-stage investor Startup Wise Guys closed the first €25m of €45m that will be used across its various geographies and vertical-focused funds to support its new strategy focused on global markets that remain underserved by capital investment. With the funds, it will…
- Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Recently, an African crypto startup, Africa Blockchain Lab, confirmed it has received $6 million from a pre-Series A investment round.…
- A unicorn means something quite different in investor circles and the tech startup ecosystem. The term is used to describe companies that have been valued by investors at more than one billion dollars. They are regarded as rare and valuable, much like the mythical creature after which they are…
- And women will achieve more if their ideas receive significant attention and funding from investors. However, we are all aware of the history of women-led/co-founded businesses.
The post Recent Fundraises for Female-led Start-ups appeared first on GetFundedAfrica Media.
- The three-year company provides tools and enablement that drive increased sales and satisfaction for buyers and sellers in emerging markets.
The post From Pepperest to Peppa.io: New Name, Same Quality appeared first on GetFundedAfrica Media.
- Power Financial Wellness, a Kenyan-based financial wellness startup has secured Sh376 million ($3 million) in seed funding aimed at supporting expansion plans in Kenya and Zambia. The funding round was led by DOB Equity, Bolt by QED Investors, Quona Capital, Zephyr Acorn, and Norrksen Accelerator…
- Cross-border remittances and digital wallet company operating within Africa, EziPay has partnered with MFS Africa, a digital payments gateway to enable last-mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa. There is a growth in the use…
- Botswana, a landlocked country in southern Africa, is quickly emerging as a hub for business and startups. The country, which has a population of just over 2 million people, boasts a stable political climate, a growing economy, and a business-friendly environment that has been attracting…
- Egypt-based e-commerce platform Mobile Masr has raised $500,000 in seed funding from a team of angel investors based in the UAE and Qatar, in partnership with Intercap Capital Investment Bank. The funds will be used to further consolidate MobileMasr’s presence as an e-commerce portal specializing…
- It’s been in the news but it’s not really new. However, if we all missed it when it happened then we might as well talk about it today. EcoCash partnered with Remitly, a US financial services provider. Remitly is all about remittances as their name suggests. So, when EcoCash partnered with them it…
- African identity verification and digital Know Your Customer (KYC) provider Smile Identity has raised $20 million in a Series B funding round. Costanoa and Norrsken22 led the round. Smile Identity focuses on identity verification and KYC compliance and uses a suite of products to help clients avoid…
- Botswana, a landlocked country in southern Africa, is quickly emerging as a hub for business and startups. The country, which has a population of just over 2 million people, boasts a stable political climate, a growing economy, and a business-friendly environment that has been attracting…
- Treepz, a leading mobility startup in Africa, has just announced the official launch of its operations in Kenya. This comes after the company made strategic investments to raise an additional $1.2 million over the past year. GIIG Africa Fund, MoAngels, Roselake VC, Unpopular VC, Goodwater Capital,…
- Mena-based startups grabbed $103 million in January across 22 deals, translating into a 17 percent month-on-month decline in funding value, signaling a cautious start to the year ahead. The report was compiled by Wamda— the platform that accelerates entrepreneurship ecosystems across the Middle…
- Insurtech startup, Curacel, has raised $3 million in seed funding to roll out new technology solutions designed to power the next generation of insurance experiences in Africa. The company said the new funding will also support its expansion into North Africa. The seed funding round had…
- A well-crafted sales strategy is a critical component of any successful business. It provides a roadmap for achieving your sales goals and helps you to effectively reach and engage with your target audience. In today’s competitive marketplace, a strong sales strategy is more important than ever, as…
- Qotto, a cleantech startup that produces and distributes standalone solar kits and lanterns to people living in Africa’s least electrified areas has secured $8 million in a Series A equity-debt round. The funding was led by the IBL group, with participation from Off-Grid Energy Access Fund (FEI-…
- Nigerian HRTech company, Pade has secured $500,000 pre-seed in a round led by Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17 In 2018, 80% of companies in Africa considered poor digitization as a challenge to effective (HR) human resources-related processes, according to…
- The African Development Bank has appointed Abdourahmane Diaw as Country Manager for its Egypt Country Office, effective 1st November 2022. Diaw, a Senegalese national, brings more than 28 years of experience in the implementation of development programs and projects. These range from identification…
- Muazu Africa, a hybrid model social impact startup, has announced its Nigeria Board of Advisors to steer the organization to success, as well as, provide business and strategic advice. Tolulope Makinwa said the Board will steer the organization to success, as well as, provide business and…
- Fundraising is a serious endeavour, but the work doesn’t end once you cash the checks. In fact, it’s quite the contrary. It’s absolutely vital to regularly update your investors, even long after the initial investment. Investors need these updates to understand the health and growth of your…
