10 November 2022
- KarmSolar, a solar energy, and multi-utility corporation, has raised $2.4 million from Qatar National Bank ALAHLI (QNB ALAHLI), with advice provided by Egypt-based debt consulting firm Ezdaher Financial Advisory. This will fund the country’s first…
10 November 2022
- Touch and Pay, a fintech company based in Nigeria has been named the winner of the Ecobank Fintech Challenge 2022. At the Grand Finale held at Ecobank’s headquarters in Lomé, presided over by H.E. Cina Lawson, Minister of Digital Economy and…
10 November 2022
- The UK’s financial services minister has proposed adding regulation of all cryptoassets to a bill already before parliament, which is highly likely to be passed. City Minister Andrew Griffith of Britain proposed the change to the Financial…
10 November 2022
- After successfully closing the $44 billion acquisition of Twitter, Elon Musk promptly fired the company’s top executives, accusing them of deceiving him about the volume of spam accounts on the service. Musk didn’t waste any time getting things in…
10 November 2022
- Oslo-based Strise, a technology company that claims to offer leading KYC intelligence systems, announced that it has raised €3.3M in a fresh round of funding. The round was led by the Dutch venture capital fund Curiosity, a firm that focuses on…
10 November 2022
- France-based Kiliba, an AI-driven marketing automation software, announced that it raised €7M in a Seed round of funding with an aim to become the European market leader. Otium Capital, FrenchFounders, and Bleu Capital participated in the round. …
10 November 2022
- Zenith Bank, a leading Nigerian commercial bank, in partnership with Swiss-based global organization Seedstars, has launched the Zenith Bank Pitching Competition for Nigerian entrepreneurs with tech-enabled, scalable solutions designed to innovate…
10 November 2022
- One of these options, consumer loans, is being explored by Blnk, a fintech launched last October. The digital lending platform partners with Egyptian merchants, allowing them to underwrite customers at the point of sale and provide them with…
10 November 2022
- Hem-based Positive Group (formerly Sarbacane Group), a marketing technology company, announced that it has secured €110M in a fresh funding round from EMZ and banking institutions. The company has renamed itself to Groupe Positive (Positive Group)…
10 November 2022
- Swftbox, a UAE-based same-day delivery platform has closed a $2 million Seed round to enable it scale its business across the MENA region.The round was led by MENA Technology Fund, with participation from Polymath Ventures, AirAngels and Ithraa…
10 November 2022
- Orange has announced a partnership with Vanu. This is towards providing connectivity in rural areas in Côte d’Ivoire.
10 November 2022
- Munich-based limehome, a serviced apartments provider, announced that it has secured €45M in new growth capital from new investors AW Rostamani Group and Capital Four. Existing investors HV Capital, Picus Capital, and Lakestar also participated in…
10 November 2022
- An ordinary situation: you want to buy some specific item, but it’s not available in your local shops. You go to online stores and find what you want most. But the online store that has it is unknown and has received no feedback. Would you send…
10 November 2022
- Netherlands-based Carble, a climate fintech startup, announced that it has raised €300k in a funding round led by Antler, the global early-stage VC, with participation from angel investors. The fund also includes grants from the German government’s…
10 November 2022
- London-based 5Mins, a gamified learning platform for employees, announced on Monday that it has secured €5.7M in a Seed round of funding led by AlbionVC. Other investors, including Chalfen Ventures, Portfolio Ventures, Blue Lion Global, Edenred…
10 November 2022
- Collaborative logistics startup Wareclouds raised $1.2 million in the second round of investment led by ChileGlobal Ventures and the participation of several angel investors including Mike Hennessy, who also invested in other successful startups…
10 November 2022
- The Mexican e-commerce aggregator Quinio raised $40M in equity and debt. The equity was provided by Northgate Capital, Cometa, Dila Capital, AlleyCorp, Western Technology Investment, Alchimia Investments, and angel investors. Quinio acquires,…
10 November 2022
- 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…
10 November 2022
- The French automaker, Renault has announced it is partnering with Google to commit to making what it calls a "software define vehicle" using technology from Google's cloud division.Renault, first partnered with Google in 2018 to integrate the tech…
10 November 2022
- Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker and a major supplier to Apple Inc plans to announce the construction of another multibillion-dollar factory that could serve as its second chip factory in Arizona…
10 November 2022
- 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.…
10 November 2022
- 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…
10 November 2022
- 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.…
10 November 2022
- 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,…
10 November 2022
- 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,…
10 November 2022
- 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…
10 November 2022
- Focused on enabling a user to manage, save and invest their money in a smarter and simpler way. Mynt is...
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10 November 2022
- Nigerian startup CutStruct Technology has raised a US$$600,000 pre-seed funding round to assist in the development and scaling of its B2B construction procurement product LiveVend. Founded by John Oamen and Tayo Odunsi, CutStruct has built…
10 November 2022
- Recently, the PR officer for Nigeria's Lagos Police Command, Benjamin Hundeyin, posted about a fraud case that triggers the need to learn how to retain your MTN, Glo, or 9Mobile SIM cards when you leave them unused for long. Read full story:
10 November 2022
- Invygo, the Middle East’s car subscription pioneer, has announced a $10 million Series A funding led by MEVP. The round also included participation from leading financial institutions, including Al Rajhi Partners, Arab Bank and Amana Capital, Palm…
10 November 2022
- Sendy has announced that it has received financial support from MOL Plus Co. Limited, the corporate venture capital of investors, in an effort to expand fulfillment services in Kenya, Nigeria, Uganda, and Côte d’Ivoire. This is coming a month after…
10 November 2022
- Digital payments company DPO has announced the appointment of Judy Waruiru as Managing Director for DPO Africa. In her new role, becoming effective in January 2023, Judy will be responsible for DPO business in more than twenty countries across…
10 November 2022
- Africa has been at the extractive end of value creation for a significant portion of its modern history. Creating "shared value" challenges this model.
10 November 2022
- Pan-African payment technology company Cellulant has been granted a Payments Systems Operator license by the National Bank of Uganda in...
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10 November 2022
- Sophos has published a new sectoral survey report which found that the manufacturing sector had the highest average ransom payment...
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10 November 2022
- Nine startups from across the continent have been selected for the Katapult Africa Accelerator Programme, which provides access to US$150,000 in funding and other support. The Norway-based Katapult Accelerator has invested in a host of African…
10 November 2022
- Emerging markets venture capital firm Quona Capital has announced the final close of its Fund III at US$332 million, significantly exceeding its US$250 million target. Quona Capital was established as an independent venture capital firm in 2015 by…
10 November 2022
- Uganda has gone into space, and it plans to create human organs there.
On Monday, Uganda launched its first-ever satellite, the PearlAfricaSat-1, into space where the country plans to 3D print human tissue.
More in #TCDaily.
10 November 2022
- Africa’s Fulfillment and Logistics enabler Sendy has today announced funding from MOL PLUS Co., Ltd. which is the Corporate Venture Capital of Mitsui O.S.K. Lines, Ltd. (MOL). MOL PLUS has...
The post Sendy receives investment from MOL PLUS to…
10 November 2022
- Things have not been going for Sendy in the last couple of weeks. The company was forced to let go 20 percent of its staff, and it halted the supply services operations, choosing to focus on fulfillment. In a turn of events, Sendy announced funding…
09 November 2022
- Safaricom launched 5G services just a couple of days ago. However, availability is limited to select places, and you need to have a compatible device to access it. During the official roll-out of the service, Safaricom announced that 5G could not…
09 November 2022
- Although MediaTek revenues fell 8.7%, revenues generated by the chip manufacturer increased 8.5% YoY to NT$142.1 billion in Q3 2022. However, on a USD basis, revenues were comparatively flat due to the strong US dollar and foreign exchange weakness…
09 November 2022
- Twitter is rolling out a new grey checkmark with an "official" tag to help distinguish accounts that users actually need to know are real.Update: (19:00 GMT +1) - Twitter has removed the new “official” tag on verified accounts which had started…
09 November 2022
- You must first locate a reliable app to sell BTC in Nigeria before you can convert your Bitcoin to Naira. It’s ideal to compare a few crypto apps based on their fees, withdrawal options, and charges before choosing the best app to sell bitcoin in…
09 November 2022
- Despite an increase in subscribers in the current operators, DSTv, which is the company’s flagship product, has seen its subscriber base and average revenue per user (ARPU) taking a pummeling over the last few years.
09 November 2022
- Speedoc, a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding.Investors in the round include Bertelsmann Investments, Shinhan Venture Investment and Mars Growth. Returning investor Vertex…
09 November 2022
- Stellantis, an automotive manufacturing corporation has staked an investment in Africar Group, a digital automotive marketplace in Africa to launch Auto24, a used vehicle startup in Abidjan, Ivory Coast. Auto24 is a direct-to-consumer used car…
09 November 2022
- On the heels of the COP27 Climate Summit going on in Cairo, Egypt, the South African government and its investment partners have launched an ambitious $8.5-billion plan to shift from coal towards green energy.The deal codenamed the Just Energy…
09 November 2022
- Binance, the world’s largest cryptocurrency firm, has reached a deal with FTX, to buy the rival crypto exchange for an undisclosed amount. This deal is expected to rescue the company from a liquidity crisis.Update: (9:30PM GMT +1) - Binance has…
09 November 2022
- Facebook's parent company, Meta has announced in a report that it will lay off over 11,000 employees, or 13% of its workforce. The CEO Mark Zuckerberg said this in a statement to employees citing that the macroeconomic downturn, increased…
