The UK government’s Development Finance Institution (DFI), the British International Investment (BII), said on Thursday that it has invested $20 million in debt financing in Nigeria’s mobility financing firm Moove. Moove has a voracious thirst for fundraising. Moove has demonstrated that it has a tremendous thirst for cash by raising $10 million in debt financing…
According to a press release from the firm, Liquid Cloud, a division of pan-African technology service provider Cassava Technologies, has chosen Telesmart.io, a leader in international number and messaging services, to supply its number inventory management solution. Liquid Cloud will employ Telesmart.io’s technology to minimize the burden of keeping number inventory and accelerate how they…
The fourth iteration of the PR Office Hours program has been introduced by the London-based Wimbart public relations (PR) firm, which specializes in Africa and emerging markets. Wimbart is an independent PR firm that was established in 2015 with a focus on Africa’s innovation and startup industries. It held the inaugural iteration of its three-month…
Cape Town, South Africa, 30 June 2022 – More than half of cybersecurity professionals agree that people don’t need a university degree to have a successful career in cybersecurity, despite 85% of those professionals holding degrees related to IT, computer science technology. Forty-five percent of those surveyed reported working in careers and professions other than cybersecurity in…
Hangouts hasn’t been utilized in more than three years. Although the platform was launched in 2013, its last ceremony will take place in November 2022. The first group affected are those who utilize Hangouts on their mobile device. They’ll undoubtedly begin seeing in-app reminders urging them to use Google Chat rather than Gmail, both through…
We can now work from anywhere in the globe thanks to the internet. We experienced the great resignation and the peak of the work-from-home culture in 2021. Now that the world may be slowly recovering from the great resignation, organizations are changing their work cultures to one that is partially or entirely remote in an…
Ethiopia has been named the Microsoft Partner of the Year for 2022, as revealed on Wednesday by Cloudmania, an exclusive provider of cloud partner programs in Africa. In order to bring about digital disruption using the power of the cloud, the company has opened its doors to 16 nations on the African continent, including South…
Ignite Procurement, based in Oslo, has secured $7.1 million in a Series A fundraising round. Ignite gives procurement experts a ton of data, as you can guess from the brand name, enabling them to make wiser and more sustainable decisions. Ignite has raised $11.6 million since late 2019. Keeping track of expenses has always been…
An accounting tool that enables SMEs to automate and manage all of their corporate financial procedures has been released by Kenyan fintech startup Odibooks. Odibooks, a web-based accounting platform for SMEs in East Africa, was introduced in February by Maxwel Odira and Erick Odudo. It assists companies with tasks including quotation, order and invoice administration,…
In order to grow from Mexico to the rest of Latin America, Proptech Around, the “Netflix of real estate,” raised $3.8 million in a seed round led by LEAP Global Partners with participation from Latitud Ventures, Ganas Ventures, Gaingels, Unpopular Ventures, August Hill, and a16z scout fund. Leading U.S. proptech SquareFoot co-founder Jonathan Wasserstrum, co-founder…
SweepSouth, a new home cleaning company in South Africa, has announced its entry into Nigeria. SweepSouth is an online platform that was established in 2014 and offers home cleaning services on demand in a number of South African towns. The firm is actively expanding across the remainder of the continent after securing considerable funding, particularly…
A user-friendly and interactive App called Pocket has been unveiled by Mozilla in collaboration with the Aga Khan University with the goal of enhancing online user experience. The program, which was created for iOS and Android, enables users to browse their preferred written and visual content and even save it for later offline surfing. During…
The Hrvst digital farmers’ market was introduced by Aiponics, a well-known AgriTech business, to make it easier for customers and restaurants to purchase local products. The platform was recently established in Zambia and now has 79 restaurant partners throughout Lusaka, hundreds of early-access users, and is supported by over 20 farmers of all sizes. Aiponics,…
Over the past three years, Stanbic Bank Kenya has had an impact on more than 45,000 female business owners by promoting financial inclusion and offering creative solutions that have allowed Dadas to access Kshs 6.9 billion in credit. The bank has also given grants totaling more than Ksh 40 million and credit guarantee schemes worth…
To help Moringa expand outside of Kenya, renowned investor Proparco (AFD Group) has completed a pre-series-A investment in the tech-based learning organization. With the investment, Moringa will play a vital role in fostering African tech talent and connecting it with meaningful and substantial employment prospects, whether through full-time employment, the gig economy, or starting their…
The regional winners of the 2022 ASME Innovation Showcase (ISHOW), a global accelerator of hardware-led social innovation, have been revealed by the American Society of Mechanical Engineers (ASME). Three entrepreneurs were chosen as regional winners and will split US$30,000 in seed grants and receive technical assistance to help them market their design innovations. The eight…
The money transfer app Kyanda, a Kenyan fintech firm that seeks to enable users to complete a variety of transactions at the lowest possible cost, has begun operating in South Africa. Collins Kathuli launched Kyanda in February 2020, giving consumers the option to pay bills, buy airtime, and send money quickly and cheaply. Since its…
If you enjoy watching Big Brother Naija (BBN), you probably know about Abeg, one of the major sponsors for the previous season. On the Techpoint Africa Podcast today, we discuss the company’s rebranding to Pocket and their principle approval of a Mobile Money Operator (MMO)License. With up to 2 million users, the subsidiary of Piggytech…
The next-generation university Nexford University in Washington, DC, announced its most recent collaboration with PiggyVest, an African fintech that assists over three million clients in reaching their financial objectives by making saving and investing simple. The cooperation between Nexford University and PiggyVest was revealed as a new step in the university’s commitment to ensuring that…
The debut of StockNow, a new supply chain finance solution that connects FMCGs and financial service providers to serve Africa’s informal merchants at scale, was announced on Monday by Nomanini, a rapidly expanding fintech platform in the continent. Informal micro and small shops may now buy stock digitally thanks to StockNow, a simple-to-use app created…
In its joint venture with Scatec ASA, British International Investment, the UK’s development finance organization, is collaborating with Norfund, the Norwegian Investment Fund for Developing Countries, to raise money for Africa’s hydropower industry. With up to $200 million in funding pledged over the next years, this will be the greatest hydropower investment in BII’s 74-year…
The multinational technology company Zoho today introduced its Zoho Africa Digital Enabler package in Nigeria in order to assist small businesses in beginning their digital transformation. The business, which saw a 74 percent increase in business in Nigeria last year, also revealed plans to establish an office in Lagos and hire additional locals for positions…
Fido, a fintech company with headquarters in Ghana, has raised $30 million in a Series A round of fundraising with the goal of expanding throughout Africa. Since 2015, the fintech has provided credit to thousands of consumers via their mobile devices. This year, it plans to expand to Uganda and other parts of the continent…
The Central Bank of Egypt (CBE) has granted final approval to Egyptian fintech firm Lucky to introduce the “Lucky One” card to all of its clients. Lucky, a company founded in 2018 by Momtaz Moussa and Ayman Essawy, gives customers access to an expanding selection of simple-to-use credit products, savings, and cashback benefits that can…
For an undisclosed sum, Egypt-based fintech MNT-Halan purchased Talabeyah, a B2B e-commerce site that sells FMCG goods. By utilizing technology, a cutting-edge supply chain model, and the founders’ considerable experience in the FMCG industry, Karim Nassef, Amr Abbas, and Khaled Hussein created Talabeyah in 2020 with the goal of disrupting and digitizing the unorganized FMCG…
Lagos has welcomed the launch of Clickafix, a marketplace for hiring professionals. The tech-driven platform aims to close the gap between qualified experts and people who need services but are unsure of where to find the best service providers to handle repairs in their homes and workplaces. Nigerians living in the commercial hub of Lagos…
Synapse Analytics, an AI tech firm in Egypt, has completed its pre-series A investment round. led by Egypt Ventures, with participation from Amr Awadallah, the founder of Cloudera, Simon Rowlands, the founder of Africa Platforms, and current investors. More than $2 million was invested in the round as a whole. The additional investment will be…
The majority of us desire coding skills. But, to be completely honest, programming requires a lot of ability and mental energy in addition to being a difficult task. But what if there was a method to make up for that weakness with some sort of academic work? Well, and ideally, many companies have been working…
In an effort to provide more African businesses with funding prospects, the Nigerian investtech startup GetEquity has expanded to Kenya. GetEquity, a fundraising and venture portfolio management firm founded in 2020 by Jude Dike and William Okafor, intends to remove friction between founders and the financing they require by providing them with access to a…
A $1 million seed round of funding has been secured by the Moroccan company Jobop, an on-demand platform for temporary labor, in order to expand its “Workforce-as-a-Service” market. Jobop, which debuted in early 2021, uses its own technology to link businesses with blue-collar temporary labor in industries like hospitality, construction, logistics, and manufacturing. In a…