Egyptian e-commerce startup FwRun acquired by Saudi logistics company Written by TOM JACKSON Egyptian e-commerce solutions provider FwRun has been acquired by Saudi Arabian last mile delivery and logistics firm Diggipacks as the latter looks to expand its presence in the Egyptian market. Founded in 2019, FwRun provides fulfillment, delivery, and warehousing services to e-commerce companies….
Startups should look to state-of-the-art tech to tackle diseases affecting women Written by Shahar Keinan Startups devoted to reproductive and women’s health are on the rise. However, most of them deal with women’s fertility: birth control, ovulation and the inability to conceive. The broader field of women’s health remains neglected. Historically, most of our understanding…
SA fintech startup Payflex acquired by listed Australian firm plotting African expansion Written by TOM JACKSON South African buy now pay later fintech startup Payflex has been acquired by Australia Securities Exchange (ASX)-listed Zip as the latter takes it global expansion plans into Africa. Founded in 2018, Payflex allows consumers to shop now and pay later, interest-free….
Kenya’s MotiSure launches API-powered insurtech platform Written by TOM JACKSON Kenyan startup MotiSure has launched an API-powered insurtech platform that provides personal accident cover for commuters and riders through embedding insurance in tickets and other points of sale within mobility. MotiSure was co-founded this year by Joel Macharia, Jane Njau and Thuita Wachira after they sampled…
Nigeria tops as Y Combinator S21 receives the highest number of African startups so far Written by Joan Aimuengheuwa It’s an interesting fact to reiterate that the number of African startups participating in Y Combinator’s 2021 summer batch has increased beyond the usual. Compared to other cohorts, the highest number of African startups participating in the programme…
LoftyInc Capital, a Pan-African Venture Capital firm, has launched its third fund, valued at $10 million, for African tech startups LoftyInc Capital, a pan-African venture capital firm, announced today the launch of its third fund, LoftyInc Afropreneurs Fund 3, with a $10 million investment target for African tech startups. The firm has completed its first…
Zambian startup Dawa Health plans regional expansion for maternal health-focused digital platform Written By TOM JACKSON Zambia’s Dawa Health, an e-health platform currently focused on maternal health, is planning expansion into nearby countries for its digital health platform empowering rural mothers. Founded in 2018 as a medical hardware startup, Dawa Health prototyped a wearable device to monitor…
TikTok owner ByteDance buys a top virtual reality hardware startup Written by Lucas Matney TikTok parent company ByteDance seems to be looking to one-up Facebook anywhere it can. After taking over the mantle of the most downloaded social media app in the world with TikTok, ByteDance is coming for Facebook’s moonshot, buying up its own virtual…
Eyptian Startup,SWVL expands into Europe, Latin America, and others Swvl, an Egyptian mobility startup, has expanded into Europe, Latin America, and Asia through the acquisition of Shotl, a mass transit SaaS platform Swvl, an Egyptian startup that provides transformative mass transit and shared mobility solutions, has announced a definitive agreement to purchase a controlling interest…
SA prop-tech startup Flow reports impressive growth with further investment on the horizon Written by TOM JACKSON South African prop-tech startup Flow is reporting impressive growth figures as it prepares to take on board further investment to supercharge its development. Founded by Daniel Levy and Gil Sperling, Flow goes straight to the source of the largest social…
A $2 billion fintech startup has become Africa’s fastest unicorn Written By Alexander Onukwue In less than three years, OPay has gone from a curious startup known for its motorcycles in Lagos, Nigeria, to a financial services company worth $2 billion. The latest valuation comes after it raised $400 million from a round led by SoftBank,…
Moroccan B2B e-commerce startup Chari.ma raises funding, acquires mobile credit platform Written by TOM JACKSON Chari.ma, a B2B e-commerce app allowing traditional proximity store owners in Morocco to order products and have them delivered, has closed a round of funding and announced the acquisition of mobile credit book application Karny.ma. Founded last year by husband…
South African e-health startup, Quro Medical, receives investment from Life Healthcare Group Writen by Joan Aimuengheuwa Fostering its goal to provide home-based medical services in South Africa, Quro Medical has raised an undisclosed funding amount from Life Healthcare Group. The Johannesburg-based digital health startup leverages technology to monitor the health of patients in real-time. Via its…
Nigerian fintech startup Awabah raises $200k, joins Techstars London accelerator Written By TOM JACKSON Nigerian fintech startup Awabah raised US$200,000 in angel funding in July, which it has followed up by banking another US$120,000 after joining the Techstars London accelerator programme. Launched last year by Tunji Andrews, Tina Ajishebiyawo, and Gboyega Olatunde, Awabah is a digital platform…
New South Africa startup, Fanfire uses NFTs to help sports franchises engage with fans Written by TOM JACKSON South African startup Fanfire has launched to help sports franchises engage with their fans using non-fungible tokens (NFTs). An NFT is a unit of data stored on the blockchain that certifies a digital asset to be unique…
African fintech startups among 11 selected for Mastercard Start Path programme Written By TOM JACKSON South Africa’s Karri Payments and Kenya’s Kwara are among 11 fintech startups from around the world selected to join the Mastercard Start Path global network to scale innovation. Mastercard’s six-month Start Path programme is a springboard to help the best and brightest…
Kenya’s MarketForce raises further $100k funding from Harambeans Prosperity Fund Written by TOM JACKSON Kenyan retail-tech startup had added an additional US$100,000 in funding from the Harambeans Prosperity Fund to the US$2 million pre-Series A round it announced last month. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce enables consumer brands to optimise how they deliver…
Egyptian car parts marketplace Odiggo raises $2.2m expansion funding Written By TOM JACKSON Egyptian startup Odiggo, a digital marketplace for automotive spare parts, has closed a US$2.2 million funding round to help it continue to expand into new markets. Founded in 2018 by Ahmed Omar and Ahmed Nasser, Odiggo links customers with vendors in order to purchase…
Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus Written by Tage Kene-Okafor Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 million seed round to scale its operations on the back of leaving the Techstars Toronto accelerator program last month. Canadian-based VC firm The Xchange led the round, SOSV and Shock Ventures participated, while…
As the market for Virtual Reality (VR) is growing rapidly, these are the 5 VR Startups to Watch in 2021 Written By Adriaan Brits The market for virtual reality (VR) and augmented reality (AR) technology, which uses advanced displays and movement-tracking to immerse its users in a particular experience, is set to grow at a rapid clip in the coming…
South African e-health VitruvianMD raises 8-figure ZAR funding round Written By TOM JACKSON South African e-health startup VitruvianMD has raised an eight-figure ZAR – so at least ZAR10 million (US$659,000) – funding round in order to scale its tech and launch more pilots. Founded last year, VitruvianMD combines biomedical engineering and state-of-the-art artificial intelligence (AI) to deliver…
SA fintech startup Revio set for continental expansion as it powers SaaS businesses Written By TOM JACKSON South African fintech startup Revio, a subscription billing and payments platform that powers software-as-a-service (SaaS) businesses, is planning an expansion into other African markets soon. Co-founded in 2019 by venture builder The Delta and a private investor, Revio is a SaaS company…
Eight African fintech startups have been selected to participate in the latest edition of the GreenHouse Lab accelerator, securing access to funding and mentorship. Written by TOM JACKSON GreenHouse Lab is the flagship accelerator programme run by GreenHouse Capital, a Lagos-based fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs…
In my experience in the Startup space, I have spoken to at least 30 founders. Although it is impossible to meet the perfect person in any circumstance, it is possible to attain a level where one can be ranked as a professional and have the ability to manage a business and people effectively. Starting a…
How Nigeria’s Nguvu Health provides on-demand therapy sessions to Africans Written by TOM JACKSON Nigerian startup Nguvu Health is providing on-demand online therapy sessions to Africans anywhere in the world via their smartphones. Founded in March 2020, Nguvu Health utilises Android and iOS apps to connect users with licensed therapists via in-app messaging or video call, in…
More than 300 African tech startups have raised over $1.1bn so far in 2021 Written by TOM JACKSON More than 300 African tech startups have raised more than US$1.1 billion combined so far in 2021, the first time the sector has broken the US$1 billion mark – and with four-and-a-half months of the year still to…
According to Adeva IT, as of 2018, women held only 25% of all the jobs in the tech industry, despite women making up almost half of the total workforce. It is a known fact that women are under-represented in the African tech ecosystem. More women need to find their way into tech in Africa and…
Impact-Driven Startups Are a Gold-Mine for Investors Written By Krishna Athal ENTREPRENEUR LEADERSHIP NETWORK CONTRIBUTOR Investors across the globe are finding ways to unleash the power of their capital by trying out different industries and business models. Most investment-seeking entrepreneurs believe that projecting massive profits is the best way to impress investors. Many entrepreneurs also…
MAGNiTT has announced the launch of its first quarter of 2021 reports, which shows Egypt among the top three in MENA regions with the highest startup investment rates. MAGNiTT has announced the launch of its first quarter of 2021 reports, which cuts across the eCommerce, food and beverage, fintech, delivery and logistics, and healthcare sectors….
? VIDEO:10 Most Innovative Startup Companies in Nigeria 2020 Technology and Innovation offer great opportunities for Nigeria to grow her economy if huge and deliberate investments are made towards that. Startups and small businesses are the engines that will drive such economic development in our country and in Africa at large. Therefore our young…