Top digital companies including Meta, Stripe, Reddit, and Xend Finance use the Web3 blockchain network Polygon. The Polygon Bootcamp, an intense eight-week mentorship program, and hackathon in Africa has begun. The blockchain development process will be explained to developers, and financial incentives will be provided to encourage their interest in the field. Outstanding developers will…
In order to support the growth of retailers in Egypt, Paymob, an Egyptian payment, and shopping app has partnered with Tabby, a buy-now-pay-later (BNPL) platform with headquarters in Dubai. This partnership allows companies operating within the Paymob network to take advantage of Tabby’s split-in-four, interest- and fee-free payment solution through Paymob’s gateway. Over 120,000 merchants…
SweepSouth, a South African platform for on-demand home cleaning and services, has raised US$11 million in finance, lead by the private equity fund Alitheia IDF, with the goal of growing its current business and entering new markets. A $100 million “gender-lens fund” called Alitheia IDF is co-founded and run by two women-led companies, Alitheia Capital…
InGame Sports, an Egyptian gaming and sports technology business, has raised over $1 million in cash, in-kind resources, and grants in a pre-seed round that was spearheaded by Openner, a worldwide VC that invests in early-stage tech startups and has a unique combination of capital and technology. Numerous well-known personalities in world sports, like Sports…
Agritech startup Farmerline from Ghana has raised an additional $1.5 million in a pre-Series A equity investment to grow throughout West Africa. With the extra money, the total amount obtained in the round—which includes $6.4 million in debt financing—now stands at $14.4 million. The Dutch entrepreneurial development bank FMO, Oikocredit, Acumen Resilient Agriculture Fund (ARAF),…
Through a partnership with Meta and the Innovation Growth Hub (IGHub), Sendy, a technology startup that creates simple tech solutions that help businesses sell, move items, and acquire financing, is providing free training for SMEs on how to expand their enterprises. Through the Meta Boost training program, small and medium-sized enterprises (SMEs), business owners, and…
ComiBlock, a Nigerian business in the investtech space, has received an unknown amount of money from Expert Dojo, a growth accelerator based in California, to aid in its expansion. ComiBlock, a goal-based investment crypto robo-advisor that was launched in February 2021, provides anyone with a smartphone with access to planning tools, advice, and curated and…
To support its next phase of expansion and product innovation, FairMoney, a credit-driven mobile banking network for developing nations in Africa and Asia, has teamed with Oradian, a cloud-based core banking system. Oradian provides financial services to over 10 million users, collaborating with more than 50 tech lenders, banks, and finance firms in 13 African…
When Vendease debuted in January 2020, its goal was to use a marketplace model that linked suppliers and farmers to restaurants and food enterprises to address the problems and inefficiencies in Nigeria’s highly fragmented food sector, with delivery made possible within 24 hours. But over the following few months, Vendease changed from its middleman role…
Trailblazers in the technology and business circle in Africa are set to gather in Lagos, Nigeria (West Africa) on 9 November 2022 for another edition of Africa Tech Alliance Forum (AfriTECH 2.0) as the continent’s sought-after technology Forum, exhibition, and awards ceremony. AfriTECH 2.0 scheduled to hold at Oriental Hotel, Lekki Road, is focused on ‘Sustainability and…
Lagos, Nigeria, 23rd September 2022 – Orodata Science is thrilled to announce recipients and the start of the second cohort of the ADH Community Journalism Fellowship programme. The 3-month program’s objective is to improve media capacity to advance news coverage of under-reported issues in local communities across Nigeria using technology, focusing on potential solutions with lasting impact…
Startups from Cape Town are welcome to apply for Bootcamp to Boardroom’s nine-month entrepreneurship program, which is currently in its second year of operation. Bootcamp to Boardroom is a program sponsored by the Entrepreneurs’ Organization (EO) and Over The Rainbow Foundation that aims to mentor and assist emerging start-ups. It is organized in collaboration with…
Remedial Health, a health-tech firm that develops solutions to enhance the efficiency of Africa’s pharmaceutical value chain, has acquired $4.4 million in seed funding. Leading the seed round of funding was Global Ventures. Notable angel investors Guillaume Luccisano and Christopher Golda joined Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform, Alumni…
In today’s digital era, mobile phones have become an essential part of our daily lives, with various types of mobile apps that help facilitate people’s needs. Hence, tech companies are launching many mobile applications due to the demand for innovative mobile apps. However, it doesn’t just stop there. After tech companies launch new mobile apps,…
Four new startups have been selected for the latest cohort of The Baobab Network (TBN), a Nairobi-based accelerator that funds and supports the growth of early-stage internet companies throughout Africa. Startups from Nigeria, Ethiopia, and two South African companies make up the cohort. Oval Interactive, a Nigerian interactive martech platform, offers businesses the chance to…
Julaya, an Ivorian fintech firm focused on payments, has added $5 million to its pre-Series A financing. The business, which primarily uses mobile money channels to allow B2B payments for companies in Francophone West Africa, has raised a total of $7 million in the financing round. With 56 million active accounts, West Africa has the…
As it prepares for exponential expansion, South African firm LocumBase, an impartial online medical booking platform, has acquired an undisclosed investment round from Grindstone Ventures. Zulé Vuuren founded LocumBase in 2016 to connect independent medical practitioners with South African practices and streamline the locum-finding process. “In order to give your patients the best treatment possible,…
Bamboo, one of the top online brokerage companies in Nigeria, has entered Ghana, making it the first transnational brokerage app in west Africa. The more than 50,000 people on Bamboo Ghana’s waitlist will now be able to purchase and invest in stocks from US businesses like Apple Inc. and Tesla thanks to a collaboration with…
Most design teams work hard to deliver solutions with complex systems. And all teams, usually, have to discover two things: What is the real solution our customer needs? Does this solution apply to generalists or specialists? The answer to these questions requires a proper product discovery before committing any resources. So before we jump in…
GIG Logistics (GIGL), Africa’s leading tech-driven delivery company, has expanded its services to China. This brings the total number of countries in which it is currently active to four. GIGL has already established branches in Ghana, the United States, and the United Kingdom, in addition to Nigeria. GIGL, through this expansion, will help to fix…
Organisations’ commitment to improving their sustainability is at a high, but the rising price of renewable energy and carbon offsetting is forcing a rethink of how to reduce carbon emissions. Many organisations are moving on from the ‘simple’ decisions to change energy supplier or to outsource carbon offsetting and are looking at what technology can…
Technology’s capacity to foster growth and development is more apparent than ever. In that, the influence of technology cannot be overstated, from streamlining routine tasks to creating ground-breaking solutions. Technology has been extensively adopted throughout generations and that there is still an expectancy for it to meet future needs. A growing demand for qualified technologists exists…
Youcef Oudjidane was the managing partner and head of EMEA (Europe, Middle East, and Africa) at Class 5 Global, a San Francisco-based venture fund with a keen interest in emerging markets, two years before co-founding Sudanese fintech Bloom after failing to find startups tackling currency depreciation in Africa to invest in. However, Class 5 was…
Jumia is a tech company that is constantly in the news. From diversifying into Q-commerce to expanding into other tech fields, the company’s accomplishments explain why it is the leading e-commerce platform in the African countries in which it operates. Jumia has now launched an integrated warehouse and logistics network facility in Nairobi, Kenya’s technological…
Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has launched a crypto education tour in five French-speaking African countries as part of its mission to drive blockchain adoption and increase financial accessibility in the region. Participants in the meet-ups learn the fundamentals of blockchain, discover how others are using crypto in their daily lives,…
Exits.me, a fintech investment banking marketplace with headquarters in Egypt, has secured $1 million in a Pre-Seed round. Baseeta Investments Holding & Mawelni Holding for Financial Investments, a collection of prominent Egyptian angel investors, Exits.me, a UK-based company, and the founders all contributed to the funding round. Exits.me, a company founded in 2022 by Mohamed…
According to Microsoft, the Windows 11 2022 update is now available for download and will be distributed in more than 190 nations worldwide. The business claims that it is prioritizing innovation in four critical areas: simplicity of use, productivity, connection, and security. This is the first significant upgrade to Windows 11. Along with updating and…
Women Who Build Africa (WWBA), an inclusive group of women and non-binary individuals working in or near the ICT industry, has started operating and hosting events. Thea Sokolowski, head of marketing at Stitch, and Gwera Kiwana, crypto founder in residence at MFS Africa, founded WWBA, which has chapters in several African regions. The objective of…
An online bank in Nigeria named Eyowo has announced the introduction of the “e Better Card,” a digital-first debit card. The Eyowo debit card is a numberless Mastercard that allows cardholders access to a secure and smooth payment experience by safely keeping their payment information in the Eyowo X mobile app. This eliminates the possibility…
All Nigerians can now access quick, easy, and affordable eNaira banking services using the USSD channel, which eliminates the need for data and is accessible on all handsets, thanks to a partnership between Clickatell and the Central Bank of Nigeria (CBN). Clickatell is a pioneer in CPaaS and a leader in chat commerce. In an…