Paymob, an Egyptian fintech startup, has partnered with Uber to expand in-app payment options
Paymob, an Egyptian fintech startup, has partnered with ride-hailing giant Uber to expand payment options on the Uber app, with…
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Nigeria’s Ventures Platform has secured the first close of a $40 million pan-African fund
One of Africa’s most active early-stage tech investors, Nigeria-based Ventures Platform, has announced the first close of a US$40 million…
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African gender lens investment fund Alitheia IDF unveils final close at $100m
Alitheia IDF, Africa’s first and only women-led and women-focused private equity fund, has announced the final close of its US$100…
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Target Global leads $3.5M pre-seed in Nigerian online learning platform Edukoya
Offline test preparation centers in Nigeria have been providing after-school guidance and tutoring to students attempting to pass entrance examinations…
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Salaam Somali Bank to disburse $4m to Somalia’s best young entrepreneurs
Salaam Somali Bank has set aside US$4 million for Somali entrepreneurs to be distributed over two years beginning next year…
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Egyptian cashback marketplaces WaffarX raises multi-million dollar funding round for expansion
WaffarX, an Egyptian cashback marketplace, has raised an undisclosed but multi-million US dollar funding round to help it grow its…
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Cairo Angels Syndicate Fund announces its first close; the fund will invest in Africa
Cairo Angels, an Egypt-focused angel investor network, has announced the first close of the Cairo Angels Syndicate Fund (CASF), a…
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Sympl, an Egyptian BNPL startup, has raised $6 million in funding to expand across the country
Sympl, an Egyptian “buy now, pay later” (BNPL) startup, has raised a seed round of $6 million to support its…
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Nigeria’s SendChamp raises $100k to develop user-friendly CRM for African businesses
SendChamp, a Nigerian startup, has raised $100,000 in funding to bridge the communications gap for African businesses, with the round’s…
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Entersekt, a South African fintech attracts investment from US private equity firm
Entersekt, a South African fintech that has developed technology that protects millions of financial services customers worldwide, has received funding…
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CinetPay, an Ivory Coast-based fintech startup, raises $2.4m seed round from Flutterwave and 4DX Ventures
CinetPay, an Ivory Coast-based startup that provides a digital finance platform that allows merchants in Francophone Africa to accept and…
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Nigerian ed-tech startup uLesson obtains $15m Series B investment
uLesson, a Nigerian ed-tech startup, has raised $15 million in Series B funding, which it will use to expand its…
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In 2021, Nigerian startups received $1.37 billion of Africa’s $4 billion in funding.
Nigeria received the largest share of the $4 billion in startup funding that Africa, in particular, attracted in 2021, with…
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Filkhedma, an Egyptian home services marketplace, has raised a bridge funding round
Filkhedma, an Egyptian home services marketplace, has raised a bridge round of funding from Cairo Angels in preparation for the…
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Kenya’s Kwara raises $4m in a seed round to launch a credit union-powered neobank.
Kwara, a Kenyan startup that is assisting in the transformation of traditional savings cooperatives into modern digital banks, has raised…
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Plstka, an Egyptian waste management startup, has received seed funding
Plstka, a waste management startup based in Egypt’s delta region, has received seed funding to help it scale. Plstka, a…
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TradeDepot, a Nigerian retail tech startup, has raised $110 million in Series B funding
TradeDepot, a B2B e-commerce and embedded finance platform based in Nigeria, has raised US$110 million in an equity and debt…
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Africa’s Female Focused Community, Herconomy, Raises $600,000 Pre-Seed Funding to Unveil Financial Services and Boost Operations
Herconomy is leveraging fintech to empower women, from creating a women-focused social media community to planning Africa’s largest financial services…
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Kenya’s Pariti raises $2.85 million in funding led by Harlem Capital to develop startup ecosystems in emerging markets
Pariti, a Kenya-based community-led marketplace that is building digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 million…
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beXel, an Egyptian inspection management startup, has raised a 6-figure funding round
BeXel, an Egyptian cloud-based inspection management software company, has raised a six-figure US dollar round of funding in order to…
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Nigeria’s Flex Finance raises pre-seed funding to help it expand
Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business expenses and…
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Raseedi, an Egyptian fintech startup, has raised $850k in pre-Series A funding
Raseedi, an Egyptian fintech startup that helps users make cheaper calls, pay less, and get advance credit, has raised a…
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MYDAWA, a Kenyan e-pharmacy startup, has received a $1.2 million grant from the Gates Foundation
MYDAWA, a Kenyan e-health startup, has been awarded a US$1.2 million grant from the Bill & Melinda Gates Foundation to…
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Shamba Pride, a Kenyan agri-tech startup, has raised $1.1 million in funding
Shamba Pride, a Kenyan agri-tech startup, has raised US$1.1 million in funding to support its national expansion and roll out…
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SA tech talent marketplace OfferZen raises $5.1m Series A funding to Penetrate Into European markets
OfferZen, a South African tech talent marketplace, has raised a EUR4.5 million (US$5.1 million) Series A funding round to further…
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Salpha Energy, a Nigerian solar energy business, has obtained a $1 million investment for solar home system distribution
All On, a Shell-backed impact investing organization, has invested $1 million in Salpha Energy, a Nigerian producer of clean and…
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Fleeti, a Senegalese fleet management startup, has raised $1.1 million to improve fleet management in Africa
Fleeti, a Senegalese fleet management startup, has raised $1.1 million in a seed round headed by Newfund, Groupe Clim, Janngo,…
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Sabi, a Nigerian B2B marketplace, earns $6 million in a bridge round and extends to Kenya
Sabi, a B2B marketplace, has announced the completion of a $6 million bridge round to support its continuing rapid expansion…
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OnePipe, a Nigerian financial services company, raises $3,500,000 to enhance its operations
OnePipe, a Nigerian fintech startup, has acquired $3,500,000 in seed funding to expand operations throughout Africa, bridge financial gaps, and…
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Asilimia, a Kenyan fintech, raises $2 million in a pre-seed round with plans to extend loans to MSMEs and expand in East Africa
According to data from Kenya’s bureau of statistics, informal businesses power the country’s economy, accounting for 33.8 percent of GDP…
