TopUp Mama, a Kenyan startup, earns $1.7 million in a seed round to help African businesses
TopUp Mama, a Kenyan startup that connects African eateries with supplies, banking services, and business management tools, has raised US$1.7…
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Identitypass, an African identity verification API, has raised $2.8 million in preliminary funding.
As more individuals gain access to the internet for the first time, mobile penetration in Africa is rising to around…
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MARA secures $23M to develop Africa’s portal to the crypto economy
MARA, a Pan-African cryptocurrency exchange, has raised $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ…
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Nigerian clean-tech startup Kaltani secures $4m to combat plastic pollution in Africa
Kaltani, a Nigerian clean-tech plastic waste recycling company, has received initial capital of $4 million to extend its recycling operations…
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Paradigm Lands in Africa With $30M Series A Funding for Congo Based ‘Super App’ Jambo
Jambo, a Congo-based Web 3 super app firm, has raised $30 million in a series investment round headed by Paradigm….
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Egyptian startup, Paymob completes $50 million in a Series B funding round
Paymob, an Egyptian fintech firm, received $50 million in funding from PayPal Ventures, Kora Capital, and Clay Point. Additional investors…
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Zambian Africa GreenCo secures $15.5 million to expand its business operations
Africa GreenCo (GreenCo), a Zambian firm, has received $15.5 million in funding from InfraCo Africa, the Danish Investment Fund for…
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HAVAC, a South African venture capital firm completes a $20 million fund for early tech investments in Africa
HAVAC, a South African venture capital firm, has announced the third and final closing of the HAVAC Universum Core African…
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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…
