Evolutics, Nigerian Insurtech Secures $250,000 to Develop Digital Insurance Infrastructure in Africa
A $250k pre-seed round of funding has been raised by EVOLUTICS, a Nigerian start-up that provides software solutions to insurance…
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Outsource Monetic, Senegalese Fintech Startup Secures Funding to Build Omnichannel Atm Network in Africa
Outsource Monetic Group, an American and Senegalese fintech based in Atlanta, GA, announced this week the completion of a pre-seed…
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Michanic, South Africa Mobile Car Service Receives $400k Debt Capital From MultiChoice Innovation Fund
Michanic, a South African mobile car service and repair platform, has received US$400,000 in debt capital from the MultiChoice Innovation…
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South African Startup, Qwili Raises a $1.2 Million Seed Round
Qwili, a hybrid hardware-software startup based in Cape Town, has raised US$1.2 million in an oversubscribed seed funding round to…
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Cartona, Egyptian B2B e-Commerce Platform Completes $12 Million Series A Round
SANAD Fund for MSME, an impact investment fund committed to assisting business owners in the Middle East and North Africa,…
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Innovative Healthtech Startup, Ubenwa Secures $2.5 Million
Ubenwa, a cutting-edge healthtech firm that uses machine learning and artificial intelligence to identify newborns between the ages of 0…
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Vaxiglobal, Zimbabwean Health Tech Startup Bags $250,000 Kofi Annan Award
The Kofi Annan Award for Innovation in Africa has been given to Vaxiglobal, a Zimbabwean startup that uses contactless biometrics…
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Uncap Announces Application for Early-stage Capital for Start-ups in Africa
Start-up companies are encouraged to apply for the possibility to obtain early-stage financing ranging between 10,000 EUR and 50,000 EUR…
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Agtech Ucrop.it Secures $3.1 Million
Ucrop.it, a digital platform that offers value and traceability to sustainable agricultural practices, recently revealed that it had raised $3.1…
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AfricInvest and Cathay Innovation Rounds off Close of €110M Pan-African Venture Fund
The ultimate close of Cathay Innovation and AfricInvest’s joint Pan-African Venture Fund, Cathay AfricInvest Innovation Fund, totaled €110 million. AfricInvest…
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Egypt’s Stllr Network Completes Six-figure Investment Round
After a public beta launch from 500 Global, angel investors through Women Spark, and Falak Angels, Egypt-based Stllr Network has…
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Cassava Technologies Secures $50-Million Investment for Africa’s Cybersecurity
Cassava Technologies, an African integrated tech company, said today that C5 Capital (C5), a specialized venture capital firm that invests…
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SmartProf, Morocco-based EdTech Raises $50,000 to Develop an Integrated Ecosystem
Following its graduation from the third cohort of the Mohammed VI Polytechnic University (UM6P) Startgate and Plug and Play Morocco…
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Catalyst Fund Secures $3.5m From FSD Africa to Promote Pre-seed Impact Ventures in Africa
The top accelerator and pre-seed impact fund for developing market entrepreneurs, Catalyst Fund, a global inclusive tech accelerator managed by…
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Nigeria’s Scorefam Raises $25 Million Capital Commitment for Expansion
A $25 million funding commitment has been made to the Nigerian decentralized sports gambling platform Scorefam by the Bahamas-based investment…
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CrossBoundary Energy Raises US$40M
The Norwegian Investment Fund for Developing Countries (Norfund) and KLP, Norway’s largest pension company, through their joint company KLP Norfund…
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Swipe, Nigerian Fintech Startup Secures $500k Pre-seed for Expansion
Pre-seed funding of US$500,000 has been secured by Nigerian fintech company Swipe this year as it seeks to increase access…
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One-click Checkout eCommerce Startup, DEUNA Raises $30 Million
Activant Capital, Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures, and a collection of angel investors from firms like Plaid,…
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Persistent Energy Secures $10 Million Equity Round
Africa’s Climate Venture Builder, Persistent Energy Capital LLC, revealed that its Series C round of funding included USD 10 million…
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Kenya’s Solar Panda Secures $8m Series A Funding to Expand its Product Offering
Pay-as-you-go (PAYGo) solar household systems are designed, produced, and sold by the Kenyan and Canadian business Solar Panda, which has…
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Content Monetization Platform, ConsCent Completes $1.75 Million in a Funding Round
According to the startup, a funding round headed by Inflection Point Ventures netted $1.75 million for the content monetization platform…
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Huawei Launches its $6 Million Cloud Spark Programme to Support South African SMEs in the Next 3 Years
Over the next three years, Huawei South Africa promises that its $5.8 million Cloud Spark programme will empower more than…
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Nigeria’s CreditCheck Completes $240,000 in Pre-seed Round
A pre-seed funding round for CreditChek, a Nigerian lender, raised $240,000 under the leadership of Atom Capital, with contributions from…
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Endeavor Secures $292M to Invest in Endeavor Entrepreneurs Worldwide
Endeavor has closed Endeavor Catalyst Fund IV, a $292 million venture capital fund, and it still intends to invest in…
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Wingcopter Secures $42M to Deploy More Than 12,000 Drones in Africa
In order to extend its drone delivery services abroad and increase manufacturing of the Wingcopter 198, the most effective eVTOL…
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Ghana’s SolarTaxi Gets Funding From Persistent to Boost Offering
Persistent has provided cash to the Ghanaian e-mobility business SolarTaxi in order to expand its product line. SolarTaxi is an…
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Money Transfer Firm Wave Acquires €90 Million From IFC to Promote Financial Inclusion in Senegal & Cote d’Ivoire
Wave Mobile Money, which operates in Senegal and Côte d’Ivoire to cut costs and increase services in the area, has…
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Tunisia’s Fintech Startup Paymee Secures Six-figure Round to Scale
Paymee, a fintech firm that provides an online payment gateway, has completed a six-figure fundraising round with P1 Ventures as…
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Kenya Startup, Duhqa Secures $2m in Seed Round Funding
In order to expand its service offerings throughout Kenya and East Africa, the Kenyan startup Duhqa, a B2B platform for…
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Sava Raises $2 Million in Pre-seed Funding to Develop a Spend Management Platform for African Entrepreneurs
A spend management software will assist African firms to control their spending and cut down on the time spent on…
