A $1 million seed round extension has been announced by Youverify, an identity verification firm with offices in San Francisco and Lagos, to increase its capacity from 400 million to 2 billion identities. LoftyInc Capital and Orange Digital Ventures (ODV) took the lead in the expansion round. Along with Octerra Capital, other investors included Plug…
A US$2.5 million seed round has been raised by the Cape Town-based Skrmiish, a mobile “play-to-earn” software that allows players of all skill levels to earn money in every match they play across the AAA+ games they like. MoneyMatch, a feature created by Skrmiish and released in 2021, enables users to earn real money in…
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African businesses can now manage all of their operations and data in one digital space thanks to the Nigerian startup GreenBii, which was created as an offshoot of the ed-tech platform Traindemy. The company behind Traindemy, which provides consumers with access to online courses offered by technical and vocational schools to help them develop marketable…
African startups, accelerators, and incubators are invited to the Japan Innovation Bridge (J-Bridge) Launch event with the theme: “The Future of Innovation in Africa – Securing Business Opportunities Through Collaboration with Japanese Companies” by the Japan Ministry of Economy, Trade, and Industry (METI) and the Japan External Trade Organization (JETRO). A business platform called Japan…
Quality African companies looking for finance now have access to capital through the cutting-edge crowdfunding website GoGetta. With merely R1000 or more, local and foreign angel and venture capital investors can now choose from pre-screened possibilities and make rapid, risk-free investments to acquire shares in a variety of African companies. Co-founder of GoGetta Sthembiso Zwane…
The HerMeNow accelerator program has asked women-led social entrepreneurs in Africa and the Middle East and North Africa to apply if they are creating significant solutions for culture, attitude, and education. The three-month HerMeNow program, which is entirely virtual, offers technical, financial, and mentorship support to 10 women-led social entrepreneurs in the accelerator phase as…
The third Google News Initiative Innovation (GNI) Challenge winners have been revealed by Google, and they include 34 media platforms. These award winners, who come from Turkey, the Middle East, Israel, and Africa, were chosen for their commitment to advancing inclusion, equality, and diversity in the journalistic sector. 21 awardees from ten African countries were…
The Fintech Incubation Programme was introduced by Co-creation Hub in Rwanda in December 2021, with the first cohort’s completion scheduled for July 2022. The second cohort of beneficiaries is about to be accepted into the project, which is supported by Google, the Mojaloop Foundation, and the Rwandan government. Eight (8) startups will receive support from…
TeamApt, a fintech business in Nigeria, announced its Series B investment in July 2021. Global Ventures, Oui Capital, Kepple Africa Ventures, Gbenga Oyebode, and a few more angel investors and venture capitalists participated in the round. The Oui Capital Mentors Fund II, a $30 million fund, is being launched today by Oui Capital, one of…
A $250k pre-seed round of funding has been raised by EVOLUTICS, a Nigerian start-up that provides software solutions to insurance providers for life, general, and health insurance. The round was led by Mercurial Advisory and Dinku Transnational of Dubai. The money will be used to give industry participants access to digital infrastructure for life, general,…
Nairobi, August 1 – The 2022 SweepSouth Report on Pay and Working Conditions for Domestic Workers for Kenya and South Africa has been released. This is the fifth year that SweepSouth has released their annual report, each year painting a picture of what domestic workers go through and endure. This year, the survey was sent…
The future of African banking is digital. A 2021 Fiserv report showed that “78% of people under the age of 40 would stay with their bank if it went all digital, compared to only 47% of people over 40”. Africa has the youngest population in the world, with over 70% of sub-Saharan Africa under the age…
Outsource Monetic Group, an American and Senegalese fintech based in Atlanta, GA, announced this week the completion of a pre-seed funding round with 500 Global, a San Francisco-based startup accelerator. The fintech also announced the start of the pilot phase of its private ATM network, KaliSpot, in Senegal and Côte d’Ivoire. The KaliSpot network is…
Michanic, a South African mobile car service and repair platform, has received US$400,000 in debt capital from the MultiChoice Innovation Fund to assist it in further developing its technology and expanding across the country. Michanic, founded in 2016 by Lesetja Dikgale, allows users to request instant service and repair quotes from its online platform, saving…
Aerobotics, a South African agri-tech startup, has launched a new yield management platform, providing growers with tools to measure, manage, and protect their yields. Aerobotics, founded in Cape Town in 2014, uses aerial imagery from drones and satellites and combines it with machine learning algorithms to provide tree and wine farmers with early problem detection…
Qwili, a hybrid hardware-software startup based in Cape Town, has raised US$1.2 million in an oversubscribed seed funding round to support the launch of its low-cost NFC smartphone. E4E Africa, a venture capital organization focused on entrepreneurs, led the funding round, which included funds and angel investors in addition to Strat-Tech, Next Chymia, and Untapped…
Applications for the second year of DMZ’s incubator program, which aims to support early-stage tech startups, are now open. DMZ Cairo, which will open in 2021, will provide the next generation of tech entrepreneurs with the tools they need to build, launch, and scale highly impactful startups in Egypt’s capital. The Academy of Scientific Research…
Safaricom customers can now purchase tokens for coding lessons through the mobile operator’s financial services platform, M-Pesa. Customers will be able to activate the coding lessons on their children’s tablets, laptops, and desktop computers after making a successful purchase. Safaricom will collaborate with Kodris to see this new business venture through to completion. “We are…
Gamic Guild, a platform dedicated to providing users with a diverse catalog of NFT games to play while also earning, plans to introduce gamers to blockchain gaming by hosting “Gameathon,” Africa’s largest play-to-earn video game tournament. Gamic Guild is Africa’s largest play-to-earn gaming guild, offering players multiple economic earning opportunities through blockchain games. Gameathon is…
Namibia’s first Bitcoin ATM is now available at the Crypto Kiosk in Windhoek’s Maerua Mall. The Crypto Kiosk operates in full compliance with the Namibian Financial Intelligence Centre and all applicable Namibian and international legislation (NFIC). Bitcoin ATMs are similar to traditional ATMs, but instead of connecting to a bank account, they connect directly to…
Connected and Autonomous Vehicles (CAVs) are changing the way we think about mobility – and transforming the digital network infrastructure that supports these vehicles. Soon, every car will be connected and able to talk to everything around it using Vehicle-to-Everything (V2X) technology, including other cars and smart city infrastructure. But as with any connected computing…
The price of a product determines what customer segment would make demands for them and determines its classification as a luxury good or one for the middle class. There are many factors used in determining the price of a product or service and they can determine your market share. 1. The Price of Your Competition Your competition…
Paratus, a telecommunications company, will open Armada, a new data center in Windhoek, Namibia come August 20222. For the first time, colocation customers will have the option of using infrastructure hosting services. Any client hosting within the facility will be able to select which telecommunications provider they want to use. Schalk Erasmus, COO of the…
Kodris Africa, an education technology firm, has partnered with Safaricom to promote coding education by purchasing annual lessons through the M-PESA app. Customers can now use the M-PESA platform to purchase tokens that provide a year’s worth of coding lessons and then activate them on a tablet, laptop, or desktop computer for their children to…
As part of its global expansion, Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, has announced its launch in India. Moove, a company that provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad, and Bangalore to provide vehicle financing to Uber driver-partners. Moove…
PayGate, a subsidiary of South Africa’s DPO Group, has announced the addition of Samsung Pay as an additional payment method for its merchants. The mobile payment solution enables secure and private mobile payments without the need to hand over cash or share payment card information for each new transaction. “Samsung Pay eliminates the need to…
The UN Population Fund and AfriLabs have launched an incubation program to support ideas that address female genital mutilation (FGM) and climate change. The Climate HackLab project was launched in May 2021 by the UNFPA East and Southern Africa Regional Office as part of the flagship Safeguard Young People Programme. The HackLab is a climate…
With this second emerging market seed stage fund, Seedstars, a seed-stage venture fund devoted to emerging and frontier markets, will build on its success in supporting over 90 emerging market venture ecosystems and invest in 100 pre-seed and seed-stage companies throughout Asia, Africa, the Middle East, and Latin America over the course of the next…