GoMetro, a South African logistics startup, has raised a $1 million seed round to help it expand
GoMetro, a South African logistics startup, has secured $1 million in a seed extension round to accelerate its growth, enhance…
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AAIC Investment introduces the second round of funding for Afrocentric Startups
AAIC Investment Pte. Ltd. (AAIC Investment), a Japanese investment corporation established in Singapore, is pleased to announce the First Closing…
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Nigerian fintech startup Kwaba completes pre-seed funding round for African expansion
Kwaba, a Nigerian fintech firm that helps low and middle-income earners divide their annual rent into manageable monthly installments, has…
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African tradetech company, Norebase completes $1m raise in pre-seed funding
Norebase, an African trade technology company that has built a single platform for firms to start, scale, and operate in…
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Nairobi’s accelerator, The Baobab Network supports 5 new African startups with $25k
The Baobab Network, a Nairobi-based accelerator that invests in early-stage software firms across Africa, has announced its next cohort of…
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OnePort 365 Raises $5 million in Seed Funding to Digitize Freight Management in Africa
OnePort 365, a Nigerian digital freight forwarding startup, has raised $5 million in early capital to accelerate Africa’s end-to-end digitalization…
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African B2B Marketplace Kwely Secures $700,000 Seed Round Of Funding
Kwely Inc, a B2B wholesale distribution platform for Made-in-Africa products, has raised $700,000 in a new round of funding to…
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We-Fi Launches New Funding Round for Women-owned Small Businesses In Africa
The African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million from The Women Entrepreneurs Finance Initiative…
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DigsConnect, SA startup bags investment from venture builder The Delta
DigsConnect, a student housing marketplace, has secured funding from international startup capital firm The Delta as part of its latest…
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Ghanaian agri-tech startup Farmerline completes $12.9m pre-Series A funding
Farmerline, a Ghanaian startup that bills itself as “Amazon for African farmers,” has received a US$6.4 million pre-Series A investment…
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Nigerian fintech, Afriex, secures $10 million in Series A funding
Afriex, a Nigerian payment platform that allows users to send and receive money for free to and from Africa, has…
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Zenda secures $9.4m in seed funding, set for pan African expansion
Zenda, a business based in the United Arab Emirates, has received $9.4 million in seed funding to help improve school…
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London-based startup Gravity Sketch receives $33 million in funding
Gravity Sketch, a London-based startup, has taken that concept into 3D, leveraging tools such as virtual reality headsets to let…
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Nigerian fintech startup Syarpa secures $500k pre-seed round
Syarpa, a Nigerian fintech startup, has raised US$500,000 in pre-seed funding to help it expand across Europe and Africa. Syarpa,…
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Tofino Capital closes the first round of a $10 million fund to assist African startups
Tofino Capital has announced the first close of its $10 million funding round, with a goal of completing the round…
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Recur Technologies secures a $30 million funding round
Recur Technologies PTE, a Singapore-based financing platform, announced a $30 million equity and debt fundraising round from a group of…
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IFC Funds Algebra Ventures With $15m to Propel Egypt’s Startup Ecosystem
IFC, a World Bank Group member, will invest $15 million in Algebra Ventures’ second fund, which will support the growth…
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Egyptian electric mobility startup Shift EV completes Series A funding
Shift EV, an Egyptian electric mobility startup, has raised an undisclosed Series A funding round to help it onboard more…
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WIC Capital completes $1.6M Investment Fund to support female entrepreneurs in Senegal
The “Women’s Investment Club” (WIC) Senegal and Ecobank have signed a collaboration contract worth one billion CFA francs (USD1,600,000) to…
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Fintech Startup Leatherback Completes $10m Pre-seed Funding For Expansion
Leatherback, a cross-border payments network based in the United Kingdom, has received a $10 million Pre-Seed fundraising round from Zedcrest…
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ETAP Completes $1.5m Pre-Seed Funding to Enhance Car Insurance Usage in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has raised $1.5 million in pre-seed funding…
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Algebra Ventures, based in Egypt, has received a $15 million IFC commitment.
Algebra Ventures, an Egyptian venture capital firm, has received a US$15 million commitment from the International Finance Cooperation (IFC), a…
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Kenyan AI-Driven Conversational E-commerce Startup Elloe Raises $1m Pre-Seed Round
Elloe is a first-of-its-kind AI-powered conversational commerce platform that allows SMEs to buy and sell products online across any messaging…
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Huawei to Empower 100,000 People Across Sub-Saharan Africa With New Programme
At Huawei’s ICT Competition Awards Ceremony on April 9, 2022, the company announced the commencement of its LEAP digital skills…
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Gaviti Completes $9 Million in a Series A Funding Round
Gaviti, an automated service that helps businesses collect and manage customer bills, has closed a $9 million Series A fundraising…
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Egyptian Startup Pylon Receives $19M to Enhance Software for Water and Electricity Distribution
Pylon, an Egyptian infrastructure management business for emerging market water and energy utilities, has raised a $19 million seed round…
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Nigerian On-Demand Delivery Startup ShapShap Completes Seed Round for Expansion
V8 Capital Partners has given ShapShap, a Nigerian on-demand delivery firm, a seed extension investment to help it expand its…
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Nigerian gig Economy Fintech, ImaliPay Secures $3m Seed Round
ImaliPay, a $3 million seed fundraising round has been finalized for a Pan-African fintech start-up that focuses on boosting the gig…
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Nigerian Fintech Startup ImaliPay secures $3M Seed Funding for expansion
ImaliPay, a fintech startup that bills itself as a one-stop shop for financial services, recently received a loan and equity…
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Cape Town-based AI startup Locstat receives funding to facilitate growth
Locstat, a Cape Town-based advanced analytics business, has raised capital as it prepares for expansion. Locstat is a graph-based AI…
