- 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.
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- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservations. Looking to…
- Sendmarc, a South African cybersecurity firm, recently raised US$7 million in a Series A led by Atlantica Ventures and a number of other investors. Sendmarc offers businesses and people solutions to assure email security and avoid identity theft. The Johannesburg-based startup was founded in 2020…
- MEST offers a 12-month graduate-level training to aspiring entrepreneurs across the African continent. The entrepreneurial training program in business, communications, and software development include extensive hands-on project work, culminating in a final pitch and the chance to receive seed…
- GetFundedAfrica, one of Africa’s leading tech-based marketplaces for founders, angel investors and venture capitalists, has partnered with uqudo, one of EMEA’s most innovative digital identity companies, to promote digital identity and technological advancement on the African continent.…
- Africa Tech Summit, a leading African tech conference created to connect tech leaders, entrepreneurs, investors, and businesses, is hosting its fifth event on February 15-16, 2023 in Nairobi. The event is taking place at the Sarit Expo Centre, the most significant space of its kind in the Westlands…
- On many e-commerce platforms, fashion items are among the most — if not the most — sought-after. In Africa, for instance, fashion has held the top spot in Jumia for the largest category of items sold over the years. This means there’s no shortage of demand for fashion items across the continent,…
- Egypt’s Healthtech startup Yodawy has secured $16 million in the first close of its Series B round, bringing the total amount raised to date to $24.5 million. The round was co-led by Delivery Hero Ventures and Global Ventures, with participation from AAIC Investment and returning investors MEVP, C…
- One of the recurring predictions on the VC landscape (see here) is “there is going to be less VC money available for African start-ups.” This may or may not be due to a shift in focus, among other factors.
The post VC Trends Watch: Less Money, Shift in Focus and a Changing Landscape appeared first…
- Today, climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa. The startup founders were selected following their participation in…
- Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has raised $1 million from Orange Ventures. As per the transaction, Grégoire de Padirac, partner of Orange Ventures Middle East and Africa, is set to join Chari’s supervisory board. Orange Ventures, Orange’s…
- Microsoft is announcing plans to support African startups with $500 million in potential funding in partnership with venture capital investors to enable them to rapidly scale using investment funding. This is part of new initiatives under its Africa Transformation Office to accelerate the growth of…
- eWAKA, an African sustainable mobility startup, has received a loan of Sh67.5 million from the State Secretariat for Economic Affairs (SECO) startup fund of the Swiss Confederation. This strategic offer will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative…
- Mawingu, a Kenyan-based Internet service provider has successfully closed USD 9 M Series B investment to support its roll-out infrastructure across Kenya that will increase access to affordable internet connectivity to underserved households and businesses. The investment led InfraCo Africa, part…
- Endeavor, the global entrepreneurship network, has announced that its Nigeria Board of Directors has announced the appointment of Ireayomide Oladunjoye as Managing Director & CEO of Endeavor Nigeria, effective 6 February 2023. Ireayomide takes over from Tosin Faniro-Dada, who has led the…
- Partech, the global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target fund size. This second iteration of Partech’s Africa-focused strategy is backed by major Development Finance Institutions, as well as Institutional and Commercial…
- The uptake of customer relationship management (CRM) tools has grown immensely over the last few years such that the market size is expected to experience a 12.5% compound annual growth rate, and to be worth $145.79 billion in the next six years. This growth is largely attributable to the uptick of…
- ThriveAgric, a leading Agricultural technology company, has recently emerged as the West African winner of the annual AYuTe Africa Challenge, receiving a $1m grant prize as a reward. Organized by Heifer International, the Agriculture Youth Technology (AYuTe) Challenge was set up to support young…
- Ouranos Technologies Ltd, a leading provider of IT infrastructure services and solutions in West Africa, today announced the launch of Ouranos Lab, a venture studio focused on building the products and solutions that will power the future of enterprise technology in Africa. Ouranos Lab is backed by…
- In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates. Banks and governments have tried to address this gap across…
- Spectranet, the foremost Internet Service Provider in Nigeria, has appointed Mr. Maneesh Kulshrestha as its new Chief Executive Officer. Maneesh joins Spectranet as a visionary and transformative leader with over 30 years of professional experience in the Telecom and Retail industries as part of…
- Marketing for a business refers to the various activities and strategies used to promote and sell products or services to customers with the aim of creating and maintaining a strong customer base and ultimately increasing revenue. This can involve market research, advertising, product development,…
- Driving African culture to the peak of global recognition and accurate representation through gaming, Gebeta, a product of Qene Games, has been acquired by Carry1st, Africa’s leading mobile games and interactive content publisher. Gebeta is a mobile board game built on the mancala games principles…
- MSME Fintech platform, Traction launches her business solution suite, Grow with Traction, to support the growth of businesses. As a business that has flourished over the last few years to taking care of over 50,000 businesses in various cities including Lagos, Ibadan, Abuja, Aba, and Kaduna, and…
- SunFI, a Nigerian clean tech startup, announced that it has raised $2.325 million in seed funding. The company’s CEO, Rotimi Thomas, said the investment would help SunFi grow its operations and improve its capabilities to recommend the best systems at the lowest cost to customers. The funding was…
- Freightify is providing freight forwarders enhanced capabilities to procure, manage and quote Freight prices instantly. Customer numbers and revenues tripled in the last 12 months. Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through…
- SunFi, the Nigerian clean technology startup company that links individuals and businesses seeking access to solar energy access with payment plans that suit their requirements, has raised $2.325 million in seed funding. The self-described energy financial tech platform received backing from lead…