Swedish electric vehicle startup, Volta secures $260M in a series c round
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Swedish electric vehicle startup, Volta secures $260M in a series c round

Volta Trucks, a Swedish electric vehicle startup that believes it can build better urban delivery vehicles and other trucks that are safer and have a lower carbon footprint than their gas-guzzling, more clumsy, existing counterparts, has closed a large round of funding to help it get through the final mile of development before its Volta…

Nigerian-based Fintech Startup, Opay is Making Waves in Egypt
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Nigerian-based Fintech Startup, Opay is Making Waves in Egypt

According to a press report published by Forbes Middle East, OPay has received widespread support in Egypt. The Nigeria-based fintech firm is unquestionably one of Africa’s fintech unicorns and one of the continent’s most valuable startups. Since its initial launch in Egypt at the beginning of 2021, it has also been regarded as one of…

South African Fintech Startup, Clickatell Bags $91-Million in its Latest Round of Funding
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South African Fintech Startup, Clickatell Bags $91-Million in its Latest Round of Funding

Clickatell, a Cape Town-based and California-based fintech firm, CPaaS innovator, and creator of the Chat Commerce platform, announced yesterday that it had raised $91 million in its latest Series C round of funding. Arrowroot Capital led this round, with Kennedy Lewis Investment Management, Endeavor Global, and Harvest also participating. According to a press release, Clickatell…

Bizzyn, Tanzanian startup   unveils business management product suite
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Bizzyn, Tanzanian startup unveils business management product suite

Bizzyn, a Tanzanian startup, has launched a full-featured business and financial management suite of products designed to scale as businesses grow. Bizzyn, which was founded in 2019 by Emmanuel Kimaro and Abbasi Mussa, officially began operations in November of last year. The startup has created a financial and marketing platform for SMEs that monitors finance,…

Kenyan Startup, Ziada is assisting informal sector service providers find more jobs

Kenyan Startup, Ziada is assisting informal sector service providers find more jobs

Launched as Kazi in 2017, when the market was still in its infancy, Kenyan startup Ziada returned after a hiatus in 2021, and saw rapid adoption of its platform, which helps informal sector service providers access more work opportunities. Annabel Angwenyi and Patrick Ngugi have been business partners for over a decade, but their two…

Freterium, a Moroccan logistics startup, acquires $4 million in a seed round

Freterium, a Moroccan logistics startup, acquires $4 million in a seed round

Freterium, a Moroccan startup, has received $4 million in seed funding to help it grow and serve more businesses in Africa and the Middle East. Partech led the round, which also included Y Combinator (Freterium was a part of the S21 cohort), Flexport, CDG Invest, Swiss Founders Fund, Outlierz Ventures, and business angels from the…

Egyptian e-commerce startup, Wasla secures $9 million
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Egyptian e-commerce startup, Wasla secures $9 million

Wasla, an Egyptian ecommerce startup, has received a $9 million investment from Contact Financial Holding, the country’s largest non-bank financial services provider. Contact will invest up to $9 million in Wasla’s product rollout and regional expansion, with the goal of realizing the startup’s vision of enabling e-commerce, payments, and credit for a broad audience in…

Earnipay, a Nigerian fintech startup, raises $4 million in venture funding for expansion
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Earnipay, a Nigerian fintech startup, raises $4 million in venture funding for expansion

Earnipay, a Nigerian fintech firm that provides flexible and on-demand salary access to income earners, has raised US$4 million in seed funding to expand its product. The seed round is led by Canaan Ventures, with participation from XYZ Ventures, Village Global, Musha Ventures, Ventures Platform, Voltron Capital, and Paystack CEO Shola Akinlade. Nonso Onwuzulike founded…

Meeula, a Nigerian startup, has launched a smart business card solution

Meeula, a Nigerian startup, has launched a smart business card solution

Meeula, a Nigerian startup, has launched a smart lead-generating business card to assist corporate professionals, entrepreneurs, and business owners in more effectively networking. Meeula, which was founded in May 2021, allows users to exchange contacts at events, conferences, meetings, or meetups with a single tap. “Instead of ordering paper cards over and over again, professionals…

Nigeria’s CcHub Unveils Createch Accelerator Programme
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Nigeria’s CcHub Unveils Createch Accelerator Programme

  The Createch Accelerator focuses on businesses that employ innovation or technology to improve value chains in Africa’s creative industries or to address market problems in these value chains. The program’s goal is to provide knowledge, networks, and assistance to companies operating at the interface of technology and creativity, allowing them to accelerate their route…

LoftyInc Capital Management, Nigerian VC firm made up to 65 African investments in 2021
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LoftyInc Capital Management, Nigerian VC firm made up to 65 African investments in 2021

  LoftyInc Capital Management is a venture capital business with the goal of “creating an ecosystem of Africans investing in Africans solving African problems.” The business announced the first closing of its US$10 million LoftyInc Afropreneurs Fund 3 (LAF3) in September, as it ramped up its participation in the African startup area. This followed after…

African startups are now leveraging debt financing to fuel growth with $700m raised in 2021

African startups are now leveraging debt financing to fuel growth with $700m raised in 2021

According to Partech’s report on venture capital funding in Africa, 37 African tech startups raised a total of $767 million in 43 debt rounds last year, indicating the rise of the debt funding class and increasing global lender confidence in African tech. According to the report, “Africa’s tech ecosystem has set its sights on another…

Digital Africa is ready to assist African startups with $79m

Digital Africa is ready to assist African startups with $79m

Digital Africa, a French government-supported organization that helps African tech startups, has announced that it will provide 70 million euros ($79 million) in seed and Series A funding by 2025. In a press conference, the initiative’s executive director, Stephan Eloise-Gras, stated that Digital Africa aims to fund 200 African startups with seed funding ranging from…

MoneyHash, an Egyptian fintech startup, raises $3 million in pre-seed funding as it exits beta
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MoneyHash, an Egyptian fintech startup, raises $3 million in pre-seed funding as it exits beta

MoneyHash, an Egyptian fintech startup that uses a universal API and a unified checkout experience to help businesses consolidate and grow their payments and financial tech stack, has announced a US$3 million pre-seed funding round as it exits beta and prepares to launch across the Middle East and Africa, has announced a US$3 million pre-seed…

Ndovu, a Kenyan wealth-tech startup, has launched following a pre-seed funding round
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Ndovu, a Kenyan wealth-tech startup, has launched following a pre-seed funding round

Ndovu, a Kenyan wealth-tech startup, has begun operations after securing a pre-seed funding round in October, with the goal of providing users with easy access to global financial markets. Ndovu, which was founded in 2020 by Radhika Bhachu, Ro Nyangeri, and Gianpaolo De Biase and is available on iOS and Android, allows users to invest…

Nawy, Egyptian prop-tech startup secures $5m seed round
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Nawy, Egyptian prop-tech startup secures $5m seed round

Nawy, an Egyptian prop-tech startup, has raised $5 million in seed funding to help it expand across the region. Nawy, founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, allows users to search for homes online based on criteria such as unit size, price, and location. So…

Egyptian e-health startup Nawah Scientific raises funding Cairo Angels Syndicate Fund

Egyptian e-health startup Nawah Scientific raises funding Cairo Angels Syndicate Fund

Nawah Scientific, an Egyptian life sciences and biotech startup, has received funding from the Cairo Angels Syndicate Fund (CASF) as part of its ongoing Series A round. Nawah Scientific, which was founded in 2015, is an online platform that receives experiment requests, collects samples, conducts tests, and digitally returns results. Its goal is to allow…

SendChamp, a Nigerian’s startup is helping businesses reach customers via different means
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SendChamp, a Nigerian’s startup is helping businesses reach customers via different means

SendChamp, a Nigerian startup, provides communication APIs and customer relationship management tools to developers and businesses, allowing them to reach their customers through various messaging channels. SendChamp was founded by Goodness Kayode and Damilola Olotu with the goal of improving customer relations for both technical and non-technical business owners. The APIs provided by the startup…

Around 50% of $2bn African tech fund raised in 2021 went to fintech startups

Around 50% of $2bn African tech fund raised in 2021 went to fintech startups

Africa’s fintech sector is a funding magnet, absorbing nearly half of the continent’s more than $2 billion raised by tech startups. According to the seventh edition of our African Tech Startups Funding Report, which is available free to all as part of an open-sourcing initiative in partnership with Novastar Ventures, MFS Africa, Quona Capital, 4Di Capital, MEST Africa and Future Africa, 564 African…

Afya Rekod, a Kenyan e-health startup, has raised a $2 million seed round
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Afya Rekod, a Kenyan e-health startup, has raised a $2 million seed round

Afya Rekod, a Kenyan e-health startup, has closed a US$2 million seed round to help it scale across the continent. Afya Rekod, which will be launched in April 2020, is a health data platform that allows both patients and health facilities to capture, store, and access the mobility of patients’ health data. In five countries,…

Afrilearn, Nigerian Startup Offers Free Education Content to Primary and Secondary School Students
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Afrilearn, Nigerian Startup Offers Free Education Content to Primary and Secondary School Students

The education technology space has reached new heights with the release of the Afrilearn Mobile App, which is now freely available to Primary and Secondary School students across Nigeria and beyond. This was stated in a statement issued by Afrilearn on Wednesday, February 3, 2022. Afrilearn, founded in 2019, provides free, fun, and world-class education…

Exploring the African tech funding landscape for the “big four” in 2021

Exploring the African tech funding landscape for the “big four” in 2021

2021 was the best year on record for African tech startup funding, with more startups raising more money from more investors than in any previous year. However, that capital is increasingly being directed toward the “big four” African markets of Nigeria, Egypt, South Africa, and Kenya. According to the seventh edition of Disrupt Africa’s African Tech…

Lami, tech insurance company acquires Kenya’s Bluewave, to expand in Africa
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Lami, tech insurance company acquires Kenya’s Bluewave, to expand in Africa

Lami, an insurance technology company, has announced the acquisition of Bluewave Insurance Agency, a Nairobi-based insurtech firm, for an undisclosed sum, allowing it to reach Africa’s underserved population and fill the existing insurance gap. Lami will continue its goal of democratizing insurance goods and services for low-income Africans by providing users with accessible and affordable…

Coming of age – delving into a record-breaking year of African tech startup funding

Coming of age – delving into a record-breaking year of African tech startup funding

Whatever way you look at it, whatever figures you believe, whatever methodologies you use, one thing is certain: 2021 was the best year ever for tech startup funding in Africa, with more startups raising more money from more investors than in any previous year. According to our data here at Disrupt Africa, not only was…

The African startup ecosystem is growing at an unprecedented rate
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The African startup ecosystem is growing at an unprecedented rate

There has never been a more exciting time to be in the African startup scene. According to a recent BCG report, the number of local startups that received funding increased by 46 percent between 2015 and 2020, a growth rate six times faster than the global average. The very nature of the startups in our…

How African Tech Start-ups Can Leverage Predictive Analytics For Efficient Service Delivery
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How African Tech Start-ups Can Leverage Predictive Analytics For Efficient Service Delivery

Many organizations are seeking ways to offer their products and services to customers in an efficient way in order to save time, ease the processing of the orders and provide the highest quality of delivery as at the expected time. One major opportunity that most start-ups are not taking advantage of is the availability of data in…

PAPS, Senegalese logistics startup raises $4.5m to expand across Francophone Africa
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PAPS, Senegalese logistics startup raises $4.5m to expand across Francophone Africa

PAPS, a Senegalese startup, has acquired a pre-Series A fundraising round of US$4.5 million from local and international investors to help it develop its tech-enabled logistics solution across the Francophone African area. PAPS, which debuted in September 2016, provides end-to-end logistics solutions for companies with both physical and online operations. Its technology enables organizations of…

Moroccan B2B e-commerce startup Chari secures bridge round valuing company at $100m
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Moroccan B2B e-commerce startup Chari secures bridge round valuing company at $100m

Chari, a Moroccan B2B e-commerce and fintech business, has raised a bridge round of funding valued at US$100 million. Chari, which was founded in 2020 by husband and wife pair Ismael and Sophia Belkhayat, allows traditional local store operators in Morocco to order and have things delivered. It collaborates with more than half of the…

South African mobile gaming startup Carry1st secures $20m from a16z, Google

South African mobile gaming startup Carry1st secures $20m from a16z, Google

Carry1st, a South African mobile game firm, has secured a US$20 million Series A extension round led by Andreessen Horowitz, Avenir, and Google to help it scale across Africa. Carry1st, based in Cape Town, is a mobile games publisher serving the first generation of African smartphone users, with games such as Mine Rescue and SpongeBob:…