- Interswitch has received $110 million in joint investment from LeapFrog investments and Tiana Africa Capital, according to a statement released by the two private investment companies on Wednesday. The digital payment company is Africa’s second unicorn, and its latest investment will help it to…
- It has also boosted its annual production capacity by more than 2.5 billion cartons, supporting the company’s ambition to meet the growing demand for sustainable packaging solutions. The acquisition further provides Elopak with access to a strategic customer base in the fresh beverage carton…
- Teegara.com, an Egypt-based E-commerce startup that focuses on household and FMCG products has successfully raised an undisclosed bridge round that was led by Alexandria Angel Network from several countries. Teegara.com, an online B2B marketplace, was founded by Ahmad Kayyali, Nader Ibrahim, and…
- Founded in Nigeria by Engineer Obi Charles Nnanna, Kaltani aims to solve Africa’s growing plastic waste crisis by promoting the circular economy and recycling best practices. The startup has a team of 100 spread across its collection centres, recycling factory and offices, responsible for…
- They constitute the minimum requirement of a facial beauty toolkit and can dramatically transform an individual in the blink of a perfectly lined eye. After all, a make-up artist is only as talented as his/her tools; investing in the right ones is one sure way to repeat success.
The post Inside a…
- An agreement has been inked in Algiers between Algeria’s public startup accelerator Algeria Venture (A-Venture) and the Algeria Investment Fund (AIF) to provide funding to startups at various stages of development. Here Is What You Need To Know According to Algeria’s Minister of Finance,…
- This investment will support Koa to set up a new processing facility in the country, increasing production capacity more than tenfold by 2024 and creating additional income for up to 10,000 cocoa farmers. The overwhelming majority of cocoa farmers are trapped in crippling poverty which is being…
- TLcom Capital LLP, an Africa-focused venture capital firm recently announced a first close of $70 million for its $150 million Africa focused tech fund (TIDE Africa Fund II -TAF2), this achievement firmly positions the firm as one of the largest independent Venture Capital (VC) fund managers fully…
- The new funds will be used to scale field operations, support value chain expansion, and develop innovative tech infrastructures, reinforcing Komaza’s key initiatives set forth in the US$28 million Series B in July 2020 to accelerate climate impact through sustainable smallholder forestry. “Komaza’…
- Alongside several crypto and Web3 investors such as Coinbase Ventures, Alameda Research (FTX) and Distributed Global, the round included TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures and Infinite Capital as well as DAO Jones. Co-founded by Chi Nnadi, MARA includes a team of…
- Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured. The startup also has its eyes on the growing e-commerce market in East…
- Edtech startup Manara has raised $3 million in pre-seed funding for its cohort-based training platform geared toward growing the tech-talent pool in the Middle East and North Africa (MENA) region. Manara fashions itself as a social impact edtech startup, offering training in computer science to…
- In the past year, play-to-earn games like Axie Infinity have transformed the livelihoods of thousands of people, particularly in developing nations of Southeast Asia, where high unemployment combined with widespread smartphone penetration have led those struggling during the pandemic to look for an…
- What began as a social experiment between two friends, eager to change a particular narrative, morphed into a platform for market research, tracking investments and fundraising activities on the continent. Today, GetFundedAfrica utilizes education, fundraising and technology services to enable…
- According to Fintechnews Africa, one-third of start-ups in Johannesburg come from the fintech sector, and over 90 per cent of the population can access the internet.
The post South Africa: Top 5 Fintech Investments in 2021 appeared first on GetFundedAfrica Media.
- Kalon Venture Partners, Hlayisani Capital, Tritech Global and 4Decades Capital announced the additional funds yesterday, saying the monies will assist the start-up to accelerate expansion in SA, and enter the UK and US markets. Esquared Investments also participated, following on from its COVID-19…
- This round brings Paymob’s total funding up to more than $68.5m. Paymob builds an omni-channel payment infrastructure to enable businesses to accept digital payments both online and in-store in addition to giving them better access to financial services. It also offers various payment methods,…
- Ehlers and Greeff spent close to a decade building various payments products for and with banks, culminating in SnapScan, which became South Africa’s biggest mobile payments product prior to its acquisition by Standard Bank at the end of 2016. The pair started working on Radar – an integrated…
- As an entrepreneur, you cannot afford to underestimate the value of good communication skills. From pitching and trying to convince investors that you know what you’re doing and can earn their money to ensuring that you convey the proper information to your team and that everything is working fine…
- Before putting forward a new fund size, signaling a strong LP appetite, the VC reached its first close of $20 million initial target last month. Interview With Hayden M. Simmons – Rallycap Ventures The limited partners for this new $30 million fund were Breyer Capital, Propel VC, Better Tomorrow…
- Founded by Obinna Molokwu in January 2020, Kwaba is a digital platform that helps facilitate home payment for Africans, and is aimed at Nigerians looking to pay rent in a modern way that reflects their financial reality. The startup also offers services such as apartment search, quick funds at…
- Good news for Africa GreenCo (GreenCo). The company, which wants to impose itself by trading on the renewable energy market, obtains financing for the development of its activities in Africa. The funding is $15.5 million from Denmark’s Developing Countries Investment Fund (IFU), the European…
- Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, announces a boost to its shareholder capital after receiving US$35.5 million in equity investments from the Seychelles Pension Fund (SPF), the Government of Sierra Leone and the Ghana Infrastructure…
- Norebase, the African trade technology company building a single platform for businesses to start, scale and operate in any African country, has secured $1M pre-seed funding round, co-led by Samurai Incubate and Consonance Investment. Sahil Lavingia (Gumroad) and Kinfolk VC also invested in this…
- The Cape Town-headquartered HAVAÍC is an investment and advisory firm that invests in and supports early-stage, high-growth African technology businesses with proven concepts and global prospects, offering high return and impactful investment opportunities to sophisticated private and…
- Nigeria’s Hello Tractor Raises $1m From Heifer International For PAYG Tractor Financing Project Hello Tractor has rolled out a tracking device and software that allows farmers and tractor owners to book connected tractors from their phones. Farmers get a critical service formerly unavailable to…
- Swvl, the shared mobility and transit company, has announced plans to acquire smart bus platform Zeelo. Terms were not disclosed although the Financial Times reports it as a $100 million deal. A statement says the acquisition enables Dubai-based Swvl to establish a presence or expand on an…
- Every profession has its pros and cons. While the expense account, business class seat, stock options and vacation periods are huge incentives, they exist side by side with long hours, endless travel, boring meetings, little time for family/leisure and the constant pressure to deliver top-notch…
- Earnipay is on a mission to relieve the 30-day payday cycle employees have to wait despite the financial obligations and pressure faced daily. The company is fast becoming the definitive on-demand salary access solution, taking on the single biggest source of distractions and declining…
- This $5.3-million venture capital investment in the agriculture reflects space is testimony to the company’s diversification into worthy, impact-driven assets, said Amrish Narrandes, the head of unlisted equity transactions at Futuregrowth. In a media release, the company confirms the Inseco…
- In a media release, the Senegal-based start-up confirms that it raised an additional $700 000 in its series seed from WIC Capital, Loftyinc Capital, Haskè Ventures and other notable investors, completing its $1 million round. Birame N. Sock, founder and chief executive at Kwely, says, “We have…
- In this column, we share the stories of the professionals who work tirelessly to bring the artists we appreciate to our radios, TVs, and gadgets. For this piece, one of South Africa’s renowned artist managers, Tabisa Yeni, engaged us in an insightful and fascinating chat about her work thus far…
- Most business travelers don’t have a lot of time to work out, but there are solutions to everything. Besides choosing healthy food, staying active while waiting at the airport is a good start. Take the stairs. Airports are often built on different levels, so taking the stairs instead of the…
