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…
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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…
