GoMetro, a South African logistics startup, has raised a $1 million seed round to help it expand
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GoMetro, a South African logistics startup, has raised a $1 million seed round to help it expand

GoMetro, a South African logistics startup, has secured $1 million in a seed extension round to accelerate its growth, enhance its sales team, and aggressively expand into the South African, UK, and US markets. The investment round also included Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments. GoMetro is a…

Nairobi’s accelerator, The Baobab Network supports 5 new African startups with $25k
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Nairobi’s accelerator, The Baobab Network supports 5 new African startups with $25k

The Baobab Network, a Nairobi-based accelerator that invests in early-stage software firms across Africa, has announced its next cohort of five investees, each of which will receive US$25,000. After making five more investments as part of a new model, the Baobab Network has been propelling companies with capacity building and fundraising since 2019. It now…

Mindjoy SA ed-tech startup is making coding more accessible for kids
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Mindjoy SA ed-tech startup is making coding more accessible for kids

Mindjoy, a Cape Town-based ed-tech company, wants to make coding skills available to kids – and adults — on any internet-enabled device. Gabi Immelman founded Mindjoy in July 2021 to address one of the industry’s most widespread issues: a lack of digital skills development. Mindjoy offers live, small-group virtual coding sessions to kids aged eight…

DigsConnect, SA startup bags investment from venture builder The Delta
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DigsConnect, SA startup bags investment from venture builder The Delta

DigsConnect, a student housing marketplace, has secured funding from international startup capital firm The Delta as part of its latest funding round. The DigsConnect website, which was founded by Alexandria Procter and Greg Ramsay-Keal in 2018, allows landlords, estate agents, and property managers to post their property listings, with students searching and filtering through these…

Ark Kapital releases €150 million to support startups

Ark Kapital releases €150 million to support startups

ArK Kapital, based in Stockholm, has secured a €150 million senior secured debt facility from Pollen Street Capital after raising €165 million in March to provide long-term alternative financing options. Through AI-powered financial forecasts and non-dilutive funding, the company will be able to assist startups in growing smarter. ArK Kapital, which was founded by six-time…

IFC Funds Algebra Ventures With $15m to Propel Egypt’s Startup Ecosystem
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IFC Funds Algebra Ventures With $15m to Propel Egypt’s Startup Ecosystem

IFC, a World Bank Group member, will invest $15 million in Algebra Ventures’ second fund, which will support the growth of approximately 20 technology startups in Egypt and across Africa. Algebra Ventures II, with a target size of $90 million, will focus on women-led businesses and those serving rural communities, and will provide access to…

Egyptian E-health Startup Rology Secures Pre-Series A Funding Round

Egyptian E-health Startup Rology Secures Pre-Series A Funding Round

Rology, an on-demand teleradiology platform based in Egypt, has closed a pre-Series A round of funding to help it expand across the Middle East and Africa. Rology, founded in October 2017 by Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf, has built a cloud-based platform that provides intelligent matchmaking between patients and remote radiologists,…

Apply:  e-Track Programme by UCT GSB Solution Space, ayoba
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Apply: e-Track Programme by UCT GSB Solution Space, ayoba

The last e-Track Programme concluded earlier this month with seven of the graduating startups pitching their businesses to an audience at a hybrid event hosted on the GSB campus, which was run by UCT GSB Solution Space – a specialized centre of the University of Cape Town Graduate School of Business focused on high-impact early…

Egyptian Market research startup, Intella completes $1 million Seed round for expansion
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Egyptian Market research startup, Intella completes $1 million Seed round for expansion

Intella, the Middle East and North Africa’s first real-time intelligence provider, has announced a $1 million seed funding round led by Hala Ventures and Falak Startups, with participation from the Egyptian Ministry of International Cooperation and its venture capital arm, Egypt Ventures, as well as the Egyptian Ministry of International Cooperation. Other investors have also…

SA fintech startup, Sticitt secures oversubscribed round of seed funding
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SA fintech startup, Sticitt secures oversubscribed round of seed funding

Sticitt, a South African fintech startup, has received an oversubscribed round of seed funding to help it grow. Sticitt, which was co-founded in January 2018 by Theo Kitshoff, Mitch Dart, and Dennis Wevel, simplifies payments within the South African education market with its simple payment system, Sticitt Pay, which offers niche communities an alternative payment…

Nigerian logistics startup Kwik completes $2m Series A funding round to facilitate expansion

Nigerian logistics startup Kwik completes $2m Series A funding round to facilitate expansion

Kwik, a French-Nigerian business-to-business startup that provides Software as a Service (SaaS) logistics services to African social vendors and e-commerce platforms, has raised $2 million in its Series A round. With the new funding, the company will be able to focus more on developing digital services for the three core pillars of last-mile delivery, e-commerce…

Pivo, Nigerian Startup is a one-stop financial service platform for supply chain SMEs

Pivo, Nigerian Startup is a one-stop financial service platform for supply chain SMEs

Pivo, a Nigerian startup, offers an all-in-one financial services platform for small and medium-sized enterprises (SMEs) in the supply chain sector, including banking, lending, and insurance solutions. Pivo, founded in July 2021 by Ijeoma Akwiwu and Nkiru Amadi-Emina and launched in public beta in September, is aimed at any business involved in the import, export,…

South African payment startup, Yoco buys leading fintech, Web3 software development agency Nona Digital
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South African payment startup, Yoco buys leading fintech, Web3 software development agency Nona Digital

Yoco, a South African payments company, has acquired Nona Digital, a Cape Town-based fintech and Web3 software development agency, to accelerate its roadmap by bringing in a team of highly specialized fintech product and technology professionals. Yoco creates tools and services to assist small businesses in accepting card payments in-store and online, obtaining loans, and…

Nigerian prop-tech startup, Spleet completes $625k in pre-seed funding round
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Nigerian prop-tech startup, Spleet completes $625k in pre-seed funding round

Spleet, a Nigerian real estate technology startup, has raised US$625,000 in pre-seed funding to help it launch a new product that provides tenants with affordable loans to help them pay their rent. Spleet, founded in 2018 by Tola Adesanmi in response to the need to find rentals in Lagos with flexible payment options rather than…

Moove secures $105m in Series A2 funding round
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Moove secures $105m in Series A2 funding round

Moove, one of the fastest-growing mobility fintechs, has raised $105 million in a new Series A2 funding round led by previous investors Speedinvest, Left Lane Capital, and the latest ventures, as well as new participants AfricInvest, MUFG Innovation Partners, Latitude, and Kreos Capital. The company said in a statement to Technext that the funds will…

Nexta, an Egyptian fintech startup, has raised $2.2 million in a pre-seed round
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Nexta, an Egyptian fintech startup, has raised $2.2 million in a pre-seed round

Following the completion of all Central Bank of Egypt (CBE) requirements and the receipt of a US$2.2 million pre-seed funding round, Egyptian fintech and next-generation banking startup Nexta is set to begin operations. Nexta, founded in 2021 by Ibrahim Farag and Ahmed Hisham, is a digital bank that aims to improve Egyptians’ daily lives by…

Kenyan startup, Money254 bags MIT Fintech Conference startup pitch competition
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Kenyan startup, Money254 bags MIT Fintech Conference startup pitch competition

The Massachusetts Institute of Technology (MIT) Fintech Conference has announced the grand prize winner of its 2022 Fintech Startup Pitch Competition as Kenyan startup Money254. Money254 is a financial services comparison platform that will be launched in April 2021, making it easier for users to find, compare, and apply for financial products that meet both…

Egyptian e-health startup, Chefaa receives funding to facilitate growth
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Egyptian e-health startup, Chefaa receives funding to facilitate growth

Chefaa, an Egyptian e-health startup, has raised an undisclosed amount of funding to help it expand its network, launch a new product, and enter new markets. Chefaa, founded in 2017 by Rasha Rady and Doaa Aref, is an e-pharmacy platform that offers a complete healthcare experience. The startup provides users with compliant, ethical, and patient-centric…

Westerwelle Foundation will build a new startup hub in Arusha

Westerwelle Foundation will build a new startup hub in Arusha

The Westerwelle Foundation and Obuntu Hub have joined forces to build Arusha’s largest startup hub, with the ambitious goal of boosting Tanzanian entrepreneurship and the economy as a whole. The Westerwelle Foundation is a non-profit organization based in Germany with the mission of empowering entrepreneurs in emerging markets. It already has hubs in Kigali and…

Ghanaian e-commerce startup Tendo opens office in Nigeria after securing robust backing
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Ghanaian e-commerce startup Tendo opens office in Nigeria after securing robust backing

Tendo, a Ghanaian startup that allows anyone to sell online with no upfront inventory, has launched in Nigeria with the support of industry heavyweights such as Catalyst Fund, Google, and Y Combinator. Tendo, which debuted last year, has created a mobile app that connects dropshippers with local wholesalers. Sellers on the platform can use social…

SA e-health startup Vula Mobile collaborates with Novartis to enhance eye care services across Africa
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SA e-health startup Vula Mobile collaborates with Novartis to enhance eye care services across Africa

Vula Mobile, a South African medical referral app and online platform that hosts a network of health professionals, has partnered with leading pharmaceutical firm Novartis to improve eye care services in Sub-Saharan Africa. Primary health care workers can connect with specialists via the Vula Mobile digital platform, allowing for faster assessment of eye conditions and…

Kouncel, an Egyptian legal ed-tech business secures $1.2 million in pre-seed funding
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Kouncel, an Egyptian legal ed-tech business secures $1.2 million in pre-seed funding

Kouncel, an Egyptian legal ed-tech startup, has raised US$1.2 million in pre-seed funding to help it grow. The fundraising round was attended by Zaldi Capital, the African Development Bank (AfDB), the Academy for Scientific Research and Technology (ASRT), and the Egyptian entrepreneurship development initiative Tanmia wa Tatweer. The funds will be used to expand the…

Microsoft to invest $500 million in African startups to accelerate their growth
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Microsoft to invest $500 million in African startups to accelerate their growth

Microsoft intends to provide $500 million in potential funding to African startups with the help of venture capitalists in order to help them grow quickly. The Africa Transformation Office will launch a series of new initiatives over the next five years with the goal of assisting 10,000 African businesses in reaching their full potential. With…

Uganda is in the spotlight as the country’s startups entice YC and Google

Uganda is in the spotlight as the country’s startups entice YC and Google

Until now, the African startup ecosystem has been dominated by Nigeria, Kenya, South Africa, and Egypt (‘the Big 4’), countries that continue to receive the majority of venture capital and other forms of investment. However, the situation appears to be gradually changing as notable startups emerge from other countries on the continent and investors look…

10 African fintech startups pitch at Stitch Startup Showcase
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10 African fintech startups pitch at Stitch Startup Showcase

Stitch, a South African API finance business, announced in January that it would conduct a “startup showcase” to allow early-stage fintech from across the continent to share their solutions with local and global investors and receive support, according to Disrupt Africa. The event was part of a Stitch-hosted meetup for global fintech investors interested in…

Susu, a health tech startup, secures €2m to promote affordable healthcare for every African
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Susu, a health tech startup, secures €2m to promote affordable healthcare for every African

Susu, a global health-tech business dedicated to making healthcare accessible and affordable to all Africans, has raised €2 million in a pre-seed round. Angel investors, grant financing from BPI France, the French government’s public investment bank, and debt were used to raise the funds. Bola Bardet, Laurent Leconte (Chief Technology Officer), and Sandrine Egron (Chief…

Milango, community management platform acquires Egyptian prop-tech startup, Circle
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Milango, community management platform acquires Egyptian prop-tech startup, Circle

Circle, founded in 2020 by Nancy Kamal and Essam Maged and sponsored by 500 Global, makes it easy for real estate developers and property owners to interact with tenants. Milango, on the other hand, was founded by Amr Mostafa in 2021 and provides business clients with a suite of community management solutions to help them…

Wicrypt, a Nigerian Wi-Fi sharing startup explores new markets
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Wicrypt, a Nigerian Wi-Fi sharing startup explores new markets

Wicrypt, a Nigerian blockchain-based Wi-Fi sharing startup, plans to be active in five African countries this year after securing funding late last year. Wicrypt, which was founded in 2018, is a decentralized mobile internet sharing and monetisation network that allows anyone to be compensated for sharing their Wi-Fi. Users install the Wicrypt app on their…

Ghanaian logistics startup,Boxconn kickstart operations in Nigeria and Botswana
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Ghanaian logistics startup,Boxconn kickstart operations in Nigeria and Botswana

Boxconn, a Ghanaian logistics startup, has already launched operations in Nigeria and Botswana and plans further expansion after facilitating thousands of deliveries. Boxconn, a logistics software platform that allows businesses and individuals to deliver on-demand, was founded in January 2021 by a team formed during the MEST Africa program in Accra. It provides a white-label…

Tech Startup, Viva Translate Raises $4M in Seed Funding
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Tech Startup, Viva Translate Raises $4M in Seed Funding

Viva Translate, a technology startup, announced $4 million in funding and the release of a new AI context-aware translation software. Viva Translate is an artificial intelligence software that translates emails and other written communications between Spanish and English in real time. The software works as a Chrome browser extension to provide automatic and instant translation….