SA e-health startup RecoMed raises $1.5m funding for Kenyan expansion
South African online healthcare marketplace and booking platform RecoMed has raised a US$1.5 million funding round as it prepares to…
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Climate-focused innovations invited to apply for Africa ClimAccelerator
African entrepreneurs with promising climate-focused solutions have been invited to apply for Africa ClimAccelerator, which will provide selected companies with…
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Nigeria’s Autochek raises $13.1m seed funding round for West Africa expansion
Nigerian auto-tech startup Autochek has raised a US$13.1 million seed funding round to bolster its core auto loan processing platform…
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YC-backed Nigerian agri-tech startup Vendease closes $3.2m seed round
Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its…
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Only 3% of African tech startup funding since 2013 has gone to all-female founding teams
Only three per cent of African tech startup funding since 2013 has gone to companies with all-female founding teams. That…
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Nigerian Fintech, Brass, Secures $1.7mn Financing Round “to bet on African SMEs”
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has…
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Africa neobank PaySika to launch in West Africa after closing $350,000 funding
Francophone region-focused neobank PaySika has completed a fundraising round. The funding will allow the fintech to deploy online payment services to Cameroon,…
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Egyptian logistics startup ILLA raises $2m seed round to help it grow
Egyptian logistics startup ILLA has secured a US$2 million seed funding round to boost its growth in the market and…
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Asante, an Africa-focused fintech company, has raised $7.5 million in Series A funding
Asante Financial ServicesAsante Financial Services, an African fintech, has raised a $7.5 million Series A round of funding to expand…
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Egypt’s Nawah Scientific adds high-level investor ahead of Series A round
Egypt-based life science startup Nawah Scientific has sold a strategic stake to Essam Abdelhadi, the former vice president Middle East,…
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Tala, a Kenyan fintech company, has raised $145 million in a Series E round of funding
Tala, a fintech company, announced that it has raised USD 145 million in a Series E funding round led by…
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Crypto start-up Bitmama closes pre-seed round
African blockchain company Bitmama has closed a $350,000 pre-Seed round, led by Flori Ventures, with participation from Nigeria-based investment fund Emergence Capital, Fedha Capital, and…
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Sudanese classifieds platform alsoug raises $5m funding; round includes Egyptian unicorn Fawry
Sudanese classifieds and marketplace platform alsoug has raised US$5 million in Series A funding in a round that includes Egyptian…
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SA’s DigsConnect banks $200k grant from Dell Foundation to assist low-income students
South African student housing marketplace DigsConnect has secured a ZAR3 million (US$200,000) grant from the Michael & Susan Dell Foundation to help…
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A classifieds startup Alsoug receives Sudan’s first foreign tech investment in over 25 years
Sudanese classifieds startup, alsoug has received a $5 million investment co-led by Egyptian fintech company, Fawry. The investment is the first foreign…
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Eden Life Closes $1.4m Seed Round to Build Out Africa’s First Home Services App
Eden Life, Africa’s first home services app for scheduling food, laundry and cleaning services, has completed a $1.4m Seed round,…
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Tunisian logistics startup Lamma raises funding from Orange Ventures
Tunisian last mile delivery startup Lamma has secured an undisclosed investment from Orange Ventures to fuel its international expansion. Founded…
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Favour Ori’s new fintech startup, Payday raises $1m pre-seed to build Africa’s paypal
Payday, a Pan-African financial technology company has announced a $1m pre-seed fund raise. According to the startup, the raise will help…
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Tiger Global backs African fintech Mono in $15M Series A round
Mono, an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A…
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DPI announces the $900 million final close of the African Development Partners III Fund, one of the largest African funds
African Development Partners III Fund (ADP III) has surpassed its US$800 million target and is set to close at US$900…
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Moroccan B2B e-commerce startup Chari raises $5m seed round for expansion
Moroccan B2B e-commerce and fintech startup Chari has raised a US$5 million seed round which values the company at US$70…
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Tunisian big data startup Biware raises $1.2m funding round
Tunisian data management and analysis startup Biware has raised a MAD3.5 million (US$1.2 million) seed funding round to help it…
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SA industry 4.0 solution business Stone Three raises expansion funding
South African startup Stone Three, a leading industry 4.0 solution business that combines expert services with the power of machine…
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Why The Biggest Challenge Start-ups Face Is Not Access To Funding
According to a report published by the World Bank, it was observed that while Small and Medium Enterprises (SMEs) create…
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Zoom’s $14.7-Billion Deal with Five9 Put On Mute
In July, video conferencing mainstay Zoom announced that it was stepping into its first major acquisition buying cloud call centre service provider…
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Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series…
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Nigerian B2B payments platform Verto raises $10m Series A round
Nigerian startup Verto, a B2B payments platform that provides a fast, simple, and reliable way for small and medium-sized enterprises…
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SA’s Sun Exchange secures $2.5m funding to boost scaling efforts
South African startup Sun Exchange, a peer-to-peer solar leasing platform, has raised a further US$2.5 million in funding by way…
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SA startups invited to apply for mLab accelerator programme
mLab Southern Africa has opened applications for its StartUp Accelerator, offering selected companies access to mentorship, business clinics and grant…
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Senegalese logistics startup Yobante Express raises $1.2m seed round
Senegalese delivery startup Yobante Express, an online marketplace that connects local couriers with local commerce to optimise domestic, cross-border and…
