SA chatbot provider CompariSure secures $980k funding to promote growth
CompariSure, a South African business, has raised ZAR15 million (US$980,000) in pre-Series A funding to help it extend the use…
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Abu Dhabi-based venture capital firm, Chimera Capital closes its second venture capital fund at $10 billion
Chimera Capital, an Abu Dhabi-based investment firm, announced the closing of its second venture capital (VC) fund, totaling $10 billion,…
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SA fintech startup Floatpays secures $4m seed funding round to expand in Africa
Floatpays, a South African on-demand payment platform, has raised just under $4 million in an oversubscribed seed fundraising round to…
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SA deliveries startup Orderin secures $4.7m pre-Series B funding round
Orderin, a South African business-to-business (B2B) delivery-as-a-service (DaaS) startup, has raised ZAR71 million (US$4.7 million) in pre-Series B funding to…
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Fawry, Egyptian fintech startup is poised to raise $51m via right issue, explores US listing
Egyptian fintech Fawry has announced plans to raise 800 million Egyptian rupees (US$51 million) in growth capital through a rights…
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Kenyan fintech startup, Zanifu raises $1 million in seed funding
Zanifu, a Kenyan fintech providing micro, small and medium-sized enterprises (MSMEs) access to working capital through short-term equity financing, has…
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Egyptian e-commerce start-up, ExpandCart raises $2.7 million in a Pre-Series B funding round
ExpandCart, an e-commerce platform for the Middle East and North Africa (MENA), has announced the completion of a new $2.7…
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Nigerian developer-tooling startup Frain Technologies secures $473k pre-seed funding
Frain Technologies, a Nigerian developer-tooling business, has raised US$473,000 in pre-seed capital to further invest in its existing products and…
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PAPS, Senegalese logistics startup raises $4.5m to expand across Francophone Africa
PAPS, a Senegalese startup, has acquired a pre-Series A fundraising round of US$4.5 million from local and international investors to…
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Nigeria’s Shopify for Africa, Bumpa Reveals Post-Funding Plans
Bumpa, a Nigerian business that serves as a one-stop shop for African retail merchants, intends to expand internationally after experiencing…
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Nigerian fintech startup Pivo secures funding from Microtraction
Pivo, a credit-focused financial services company for SME supply chain players in Nigeria, has acquired an unknown amount of money…
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Float, Ghana’s Fintech Startup Closes $17m seed round
Float, a Ghanaian fintech startup that provides a cash flow management and spend platform for African businesses, has raised a…
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Bolt receives $709 million at a $8.4 billion valuation to extend its smart app for transportation and food delivery
Economies of scale are critical for on-demand businesses, and one of the promising startups in the field has secured a…
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SeamlessHR, a Nigerian company, has raised $10 million to develop its HR and payroll solutions across Africa
As connectivity and bandwidth opportunities expand, Africa’s appetite for cloud computing software continues to grow. According to studies, the cloud…
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Ivory Coast-based e-commerce startup Afrikrea secures $6.2m pre-Series A round
Afrikrea, the Ivory Coast-based e-commerce platform for “all things made in Africa,” has raised US$6.2 million in pre-Series A funding…
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ThankUCash, a Nigerian rewards startup, has raised $5.3 million in seed funding for expansion
ThankUCash, a Nigerian multi-merchant rewards platform, has raised US$5.3 million in seed funding as it plans to expand into new…
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Right-wing social media app Parler has raised $20 million in funding
According to an SEC filing signed and submitted on January 6, the anniversary of last year’s domestic attack on the…
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Namibian e-commerce startup, JABU secures $3.2 million in a seed round
JABU, a Namibian startup with venture capital firm YC backing, has received a $3.2 million investment for its B2B e-commerce…
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Ethical credit-recovery fintech in Nigeria Bfree raises $1.7 million and expands to Asia, Europe, South America, and Africa
Bfree, a Nigerian credit management fintech, has launched a global expansion after raising $1.7 million in a pre-Series A round…
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mPharma raises $35 million in a round led by Tinder’s co-JAM founder’s fund and a Bharti executive
mPharma, a Ghanaian health tech startup, is establishing a network of community pharmacies across Africa with the goal of becoming…
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Alvin, a Kenyan money manager app, has raised $740k in pre-seed funding
Alvin, a Kenyan startup that helps people align their daily spending around savings goals, has raised a US$740,000 pre-seed funding…
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Egypt-based e-commerce startup and B2B fashion marketplace, Gahez raises a pre-Seed round of $2 million
Gahez, an Egypt-based e-commerce startup and business-to-business fashion marketplace, recently raised $2 million in funding. The pre-Seed round was attended…
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Tugende, a Ugandan asset finance company, announces a $17 million debt investment round
Tugende, a leading Uganda fintech lender that specializes in asset finance in Kenya and Uganda, has announced the completion of…
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Kenyan Fintech Startup, Paylend raises $2 million in a seed round
Paylend, a Kenyan fintech startup, has announced a $2 million seed funding round led by Next Chymia Consulting HK Limited….
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Janngo Capital receives an investment approval of $12 million for its start-up fund
The African Development Bank (AfDB) has announced the approval of $12 million in investment funds to support African tech entrepreneurs through…
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Nigeria’s edtech startup,Teesas, has received $1.6 million in funding to expand across Africa and launch a tutor marketplace.
After seven years of producing electronic gadgets through his company, Imose Technologies, Osayi Izedonmwen took a break to pursue an…
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Regardless of Covid-19, startups raised $4 billion in 2021
Africa’s startup ecosystem rebounded in 2021, bringing in a record $4 billion before the end of the year, reflecting a…
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Auto-financing company, Planet42 Raises $30m for Expansion
Planet42, a startup that fights transportation inequality by putting cars in the hands of people who are unfairly ignored by…
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MAX, a Nigerian mobility-tech startup, has raised $31 million in a Series B round, with plans to expand across Africa and build EV infrastructure
After securing $31 million in Series B funding, Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) plans to expand…
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Nigeria’s African Blockchain Lab has received a $6 million strategic funding round
African Blockchain Lab, based in Nigeria, has received a US$6 million pre-Series A investment to help fund the launch of…
