- Franq, an open banking startup based in Florianópolis, Brazil, has raised $12 million in a round led by Quona Capital, a fund focused on emerging market fintechs. Also participating in the round were Globo Ventures, Broadhaven Capital, and Valor Capital Group, a VC that specializes in building…
- Utrecht-based Whoppah, a marketplace that offers furniture, art, lighting, coffee table books, and other home decoration products, announced that it has raised €5M in a fresh round of funding. The identity of the investors has not been disclosed. In a LinkedIn post, Whoppah co-founder Evelien…
- Eindhoven-based RIFT, a startup on a mission towards a sustainable future powered by clean and renewable energy, announced that it has raised €2M in its first round of funding. The startup aims to use iron fuel as a sustainable alternative to fossil fuels, thereby reducing CO2 emissions. RIFT says…
- Bucharest-based Yarooms, a SaaS company that provides workplace experience solutions, announced that it has raised €2M in a fresh round of funding. The startup says it will use the proceeds to pursue a new market opportunity and accelerate growth. The round was led by GapMinder with €1.6M. The…
- Manchester-based Vypr, a product intelligence platform that helps manufacturers and retailers with customer insights has secured €3.9M in a round of investment led by YFM Equity Partners. Other investors include the company’s management team, existing shareholders, and Chairman Richard Law. To date…
- Zurich-based LatticeFlow, a startup that claims to be the only artificial intelligence (AI) platform that can automatically find and fix AI data and model errors, announced that it has raised €12M in a Series A round of funding. With this round, the startup has now raised a total of $14.8M in…
- London-based startup Solvo.ai, a startup focused on improving decision-making in the supply chain and logistics sector has raised $4M in its Seed round of funding. Solvo.ai says it will use the funds to scale the commercialization of its first product and to ramp up sales and business development.…
- Moove, a Nigerian mobility fintech startup, has secured US$16.8 million in funding from Emso Asset Management to expand its UK operations after a successful launch in August. By offering revenue-based vehicle finance to mobility businesses, Moove is democratizing vehicle ownership in Africa. It…
- According to South Africa’s financial conduct regulator, cryptocurrency financial companies must apply for a license between June 1 and November 20, 2023, in order to operate legally. Eugene Du Toit, head of the Regulatory Frameworks Department of the Financial Sector Conduct Authority (FCSA),…
- MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its growth throughout the MENAP area. Several new investors…
- Six businesses have been selected for the second cohort of the Fintech Incubation Programme, according to an announcement made by Co-Creation Hub (CcHub) in partnership with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation. Nine startups were selected for the program’s…
- Bumpa, a social commerce startup based in Nigeria, has announced a $4 million seed funding round to help it broaden its product line and expand into new markets. Base10 Partners, Plug & Play Ventures, SHL Capital, Jedar Capital, Magic Fund, DFS Lab, FirstCheck Africa Angel Program, E62 Ventures…
- The Nigeria Startup Act, formerly known as the Nigeria Startup Bill (NSB), has been passed into law. President Muhammadu Buhari has signed the Nigeria Startup Act into law in an effort to expand Nigeria’s tech ecosystem and boost the country’s startup scene. Isa Pantami, minister of…
- In order to compete for the grand prize of US$50,000 and entry into the Ecobank Fintech Challenge Fellowship program, six African fintech startups have been selected as finalists in this year’s Ecobank Fintech Challenge. This is the fifth year that the Fintech Challenge has given startups from…
- GITEX GLOBAL, the largest technology exhibition in the world, is making its way to Africa for the first time. Gitex, the annual showcasing of international technology giants and start-ups in Dubai, United Arab Emirates (UAE), has announced that it would hold its first edition in Africa in…
- London-based Sensat, a company that digitizes and automates infrastructure planning, building, and management, announced, that it has raised €19.06M in a Series B round of funding led by National Grid Partners. The company’s existing investors also participated in the round. Sensat says it will use…
- Dresden-based anvajo, a technology company that develops, manufactures and sells innovative solutions for analyzing liquids, announced that it has raised €17.7M in a Series A round of funding to support “the launch into the human medicine markets.” The investment came from pharmaceutical company…
- Startupbootcamp AfriTech, an African technology accelerator, is accepting applications for the Telecel Group Africa Startup Initiative Accelerator Program from the most innovative African technology startups in strategic industry verticals. In order to disrupt important industry sectors like…
- Maplerad, a Nigerian startup that provides Banking as a Service (BaaS), has secured $6 million in a seed funding round. Along with Golden Palm Investments Corporation, Michael Vaughn, Fintech Fund, Babs Ogundeyi, Armyn Capital, Dunbar Capital, Strawhat Investment, Polymath Capital, Unpopular…
- Kenzz, an Egyptian mass e-commerce solution, has raised $3.5 million in a seed funding round headed by Outliers Venture Capital. Angel investors are among the participants in this funding round, which also includes HOF Capital, Foundation Ventures, Samurai Incubate, and others. Ahmed Atef,…
- Singapore’s Pillow has raised $18 million in Series A funding led by Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow platform, launched in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, is used by over 75,000 people in more than 60 countries to save and invest in digital…
- Trella, an Egyptian B2B marketplace for trucking, has obtained an additional sizeable finance facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the expansion of its business. Trella, which launched in 2018, is a B2B technology…
- FlapKap, an Egyptian startup that intends to revolutionize the e-commerce market with its tech-enabled revenue-based financing platform, has announced the completion of its US$3.6 million seed funding round. Bolt by QED, Nclude, Outliers, and A15 all took part in the seed round. FlapKap, a…
- Kenyan furniture company Moko Home + Living has just raised $6.5 million to expand its operations. AlphaMundi Group, a Swiss investor, and Talanton, an American investment fund, took the lead in the Serie B debt funding round. Other participants were Novastar Ventures, Blink CV, and debt…
- Lifestores Healthcare, a health technology startup based in Nigeria, has successfully completed a 3 Million Pre-Series A funding round. Health54 took the lead in the funding round, with support from Aruwa Capital Management and other existing investors. The funding round had a 50%…
- According to parent company Parlement Technologies, American musician Kanye West has made a preliminary agreement to purchase the social media platform Parler. Multiple social media sites, including Parler, present themselves as Twitter alternatives, emphasizing user freedom of expression. With $…
- A Brazilian court gave Apple a $19 million fine, and it was also ordered to include power chargers with all new iPhones sold there. Sao Paulo’s state court sided with the plaintiffs in a case brought against Apple by a group representing Brazilian borrowers, consumers, and taxpayers who claimed…
- Netflix has announced that in an effort to attract new users, it will debut a streaming plan with advertising for around $7 per month in the month of November. Netflix’s “Basic with Ads” package, at $6.99 per month, offers a $3 savings compared to the service’s $11.99 least expensive tier without…
- Pulpo, a mobility solutions company focused on intelligent fleet management, grabbed a $8 million round of financing led by LatAm Nazca Ventures. Other participant investors are Femsa Ventures, Swanlaab, and Mexico Ventures, as well as new investors like Cracks Fund and other business angels.…
- Katana, an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised $34 million in a Series B round of funding. ERP is a form of business management software that can serve any number of functions inside a company, from marketing and risk management, to…
- London-based Zen Educate, a platform that connects schools with temporary and full-time teachers and teaching assistants, announced that it has secured £19.3M in a Series A extension round of funding. The investment round was co-led by Brighteye Ventures and Adjuvo, with participation from several…
- Nivelles, Belgium-based Vertuoza, a provider of SaaS-based project management software for construction businesses, announced that it has secured €4M in a Pre-Series A round of funding led by XAnge and Fortino Capital. The company says it will use the funds to accelerate its growth by boosting…
- Stuttgart, Germany-based Makersite, a SaaS platform, announced on Tuesday that it has raised $18M in a Series A round of funding. The round was led by Hitachi Ventures and Translink Capital, with participation from KOMPAS and Planet A. Makersite says the capital injection will expand its supply…
- London-based OutThink, a SaaS-based cybersecurity human risk management platform, announced that it has raised $10M in a Seed round of funding. The round was led by AlbionVC. Additionally, TriplePoint Capital, Forward Partners, Gapminder, and Innovate UK also participated in the round. The startup…
- Belgian startup Raito, has raised €4 million in a seed funding round. The startup aims to help data teams improve productivity through the simplification of data access management. Founded by Collibra’s former Product Manager for Data Privacy Bart Vandekerckhove and Vice President for Engineering …
- Shopr.tv, a live commerce startup, has raised $1.7 million in funding from institutional investors Beenext and Y-Combinator, along with angel investors. The startup, founded in 2021 by entrepreneurs Akhil Suhag, Akshay Suhag, Mukul Anand, and Tushar Dhara, said it will invest the money in its…
- Blockchain startup, Shardeum, has raised $18.2 million in a seed round of funding, the company said in a statement. The round saw participation from close to 50 investors, including Jane Street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight…
- Creator-led commerce startup Wishlink said it has raised $3 million in funding led by Elevation Capital and other prominent angel investors, including Vidit Aatrey, Sanjeev Barnwal (Meesho), Rahul Chaudhary (Treebo), Ankush Sachdeva (Sharechat), Ghazal Alagh (Mamaearth), Shantanu Deshpande (Bombay…
- Tallinn-based FlyFeed, an insect farming startup, announced that it has raised approximately €3M in a seed round of funding from angel investors. The Estonian company’s advisory board has over 35 experts, including Dr. Nathalie Berezina (ex-CTO/CSO Ynsect), Dr. Jurek Pastuszak (nutrition expert),…
- Amsterdam-based OpenUp, a medtech platform that enables employees to work on their mental health in an affordable and accessible way, announced that it has raised €15M in a Series A round of funding. The investment came from Dutch investors Rubio Impact Ventures and Achmea Innovation Fund. …
- London-based YardLink, a B2B procurement platform for the construction industry, announced that it has raised approximately €18M in a Series A round of funding. The round was led by Beringea, with participation from Amplifier and existing investors Speedinvest and FJ Labs. The company claims it is…
- London-based Bidstack has raised $11 million, the company has raised $42 million to date. Bidstack is an in-game advertising and video game monetization platform. The latest funding round includes cyber security firm Irdeto with $6 million into the company Irdeto is the owner of Denuvo, anti-cheat…
- Stockholm-based Steep has raised €1 million in pre-seed financing and opened the taps on what the startup bills as its “next-generation analytics platform”. The funding is expected to help facilitate the company’s product launch across European and US markets in tandem with continued product…
- Colombian foodtech Foodology raised $50 million in a new round of financing. The company, which focuses on the development of “virtual restaurants” and so-called “cloud kitchens”, added new investors such as Chimera, an Abu Dhabi venture capital firm with $10 billion under management. The company…
- Montréal-based Fintech company HelloSafe has secured $3.3 million in a seed round led by OneRagtime and Kima Ventures. With this funding, the fintech plans to expand its 50-person team. It will add 40 additional hires to strengthen its technical, marketing, and sales departments by the end of 2023…
- Colombian startup Vozy, a Voice AI Platform in Latin America raised a $5 million Pre-Series A funding round. The investment round which is part equity ($4 million), and part debt ($1 million), brings Vozy’s total raised to $8.1 million. The round was led by European fund GoHub Ventures, a Spanish…
- At a glitzy event held on the rooftop of The Nile Ritz-Carlton in Cairo, Egypt, the winners of the 2022 AWIEF Awards were announced. The AWIEF Awards Ceremony and Gala Dinner were the last events of the two-day AWIEF2022 Conference, which was held in North Africa for the first time. Annually, the…
- In a seed funding round, the company known as Pastel (previously known as Sabi Cash) raised a total of $5.5 million. Pastel is embarking on a quest to develop digital technology to unleash the value of smaller firms in Nigeria and other emerging markets across the world. TLcom Capital led the…
- Last week, Twitter launched its Location Spotlight feature to its users. This function would be made available to professionals everywhere. These professionals can be anyone from content creators to large corporations. The Location Spotlight enables companies or organizations with physical…
- The Wall Street Journal reported that YouTube plans to launch an online store for streaming video services. The company has reportedly been working on the channel store for 18 months and intends to launch this fall, according to sources quoted by the Wall Street Journal. The streaming giant is…
