IFC Announces $225M VC Platform to Support Early-stage Startups in Africa, Central Asia, Middle East
A $225 million venture financing platform has been developed by the International Finance Corporation (IFC) to support early-stage businesses in…
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South African Telehealth Platform, Contro Raises R10.1 Million Pre-seed Round
The Plug & Play, iCubed Capital, WZ Capital, and the Jozi Angels Network participated in the pre-seed round of funding…
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Eden Care, Rwandan Digital Health Insurer Secures Pre-seed Funding Round
Eden Care, a Rwandan insurtech firm that provides businesses and their employees with inexpensive, individualized, and accessible health coverage, has…
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Nigerian Construction Procurement Startup, CutStruct Secures $600k in Pre-seed Funding Round
A US$600,000 pre-seed fundraising round has been completed by Nigerian startup CutStruct Technology to help with the growth and scalability…
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South African Data Collaboration Startup, Omnisient Secures $3.5 Million in Funding
With the aid of Buffet Investments, KLT, and the Shoprite Group as the lead investors, Omnisient, a provider of consumer…
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Blnk, Egyptian Fintech Secures $32 Million to Offer Loans in Egypt
Credit cards are hard to come by in Egypt. Only 4.8 million credit cards, or less than 5% of Egypt’s…
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Quona Capital Secures $332m in Funding Round for Financial Inclusion Investments in Emerging Markets
Quona Capital, a venture capital firm specializing in emerging countries, has announced the final closing of its Fund III at…
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Kenyan startup, Sendy secures investment from MOL PLUS for growth
MOL PLUS, the corporate venture capital arm of Mitsui O.S.K. Lines, has announced funding for Kenyan fulfillment and logistics enabler…
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Egyptian Foodtech Startup, Brotinni Secures $600,000 Seed Fund
A $600,000 Seed round headed by Innlife investments has been raised by the foodtech firm Brotinni in Egypt. Dalia Abou…
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Yassir, Algeria’s Super App Completes $150 Million in Series B Funding
A multi-sided marketplace called Yassir has announced that it has raised $150 million in Series B funding from well-known international…
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Hoods, an Egyptian Live e-Commerce Platform Secures Funding From valU
Hoods, a live e-commerce platform developed in Egypt, has received finance from valU, a division of the Egyptian investment bank…
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Spotter, a Morocco-based Open Finance Startup Secures Undisclosed Funds From UM6P
Open finance start-up Spotter, based in Morocco, has received funding from UM6P Ventures in an undisclosed amount. The notification was…
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CardinalStone Capital Advisers Supports AfyA Care With $6m in Funding
AfyA Care’s Series A capital round will include a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of…
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Satgana Secures €30 Million Fund to Assist African Climate Tech Startups
A $30 million fund has been closed by Satgana, a European venture capital (VC) company with its headquarters in Luxembourg,…
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Global VC Flourish Announces Madica, an Africa-focused Program to Support Pre-seed-Stage Startups
Some of the biggest obstacles facing startup founders in sub-Saharan Africa are access to finance and a lack of support…
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Classera, Global Edutech Firm Secures $40 Million in a Series A Funding Round
Classera, an international edtech business that specializes on emerging markets, has secured $40 million in a Series A round, making…
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MoneyFellows, Egyptian Fintech Startup Secures $31m in Series B First Closing
MoneyFellows is a smartphone platform that digitalizes money circles, also known as Rotating Savings and Credit Associations (ROSCAs), which are…
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Egyptian Proptech, Seqoon Secures $500,000 pre-Seed Round to Assist Innovative Startups
Real estate co-ownership startup Seqoon, located in Egypt, raised $500,000 in a pre-seed round through Banque Misr’s pilot program to…
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Egyptian Fintech Startup, Kiwe Secures Funding From valU
With a focus on the unbanked, the Egyptian fintech firm Kiwe has received funding from valU, an EFG Hermes Holding…
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Kenyan Furniture Company, Moko Secures $6.5 Million
The Moko Home + Living furniture company in Kenya has just raised $6.5 million to expand. The Serie B debt…
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Dooka Joins Forces With Tradeshift to Launch Africa’s Biggest B2B Marketplace
A pan-African digital marketplace for business-to-business trade has been launched by Dooka in collaboration with Tradeshift, the worldwide network for…
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Solv, B2B Supply Chain Financing Platform Starts Operations With Over $8.3m Credit for Lending by Financial Institutions
In Kenya, SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, has begun operating Solv, a business-to-business…
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Moove, Nigerian Mobility Fintech Startup Secures $16.8m Financing Facility to Fast-track UK Operations
Following a successful debut in August, Nigeria-based mobility fintech startup Moove—largest Uber’s car supply partner in EMEA—has raised GBP15 million…
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i‘SUPPLY, Egyptian B2B Pharma Platform Completes $1.5m Pre-seed Funding Round
B2B pharmaceutical platform i’SUPPLY, based in Egypt, has secured US$1.5 million in a pre-seed round to expand throughout the Middle…
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Bumpa, a Nigerian e-Commerce Startup Raises $4 million to Support Marginalized SMEs
Bumpa, a Nigerian e-commerce startup, has announced a $4 million raise in its recently concluded seed funding round. Plug &…
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MaxAB Secures $40M to Accelerate Growth, Regional Expansion
MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in…
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Kenzz, Egyptian e-Commerce Solution Secures $3.5 Million Seed Funding
The MENA region’s and Egypt’s mass e-commerce solution, Kenzz, announces the successful completion of a US$3.5 million seed fund campaign….
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Trella, an Egyptian B2B trucking startup, receives another $6 million in debt financing.
To support the expansion of its activities, the Egyptian B2B trucking marketplace Trella has obtained an additional sizeable finance facility…
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Lifestores Secures $3M pre-Series A Round for Expansion
Nigerian health technology company Lifestores Healthcare has raised $3 million in a pre-Series A round led by Health54, the CFAO…
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Egypt’s Glamera Raises $1.3m Seed Round for MENA Expansion
Booking site for beauty services in Egypt, Glamera, has secured a US$1.3 million seed round to support the growth of…
