Johannesburg-based venture development and investment company Founders Factory Africa has invested in three more African tech startups to take its portfolio past the 25 mark. Founders Factory, which originally launched in London in 2015 and has already built more than 70 startups, launched African operations in Johannesburg in 2018, from where it plans to design, [...] Read more ›
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Egyptian agri-tech startup Baramoda has won the contest for an equity-free cash prize at the conclusion of the third programme run by social impact accelerator C3. The third edition of the C3 Social Impact Accelerator Programme – powered by HSBC, concluded last week, and was won by Baramoda, with the UAE’s The Zola Collective in [...] Read more ›
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Nigerian startup Smile Identity, which enables ID verification and KYC compliance through artificial intelligence (AI) designed for African faces and identities, has secured US$7 million in Series A funding to improve its services and expand across more markets. Smile Identity launched in 2017 with a mission to make it easy for Africans anywhere to quickly [...] Read more ›
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Kenyan startup MarketForce, a B2B platform for retail distribution of consumer goods and digital financial services, has announced a US$2 million pre-Series A round to launch in Nigeria and scale its RejaReja platform. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce enables consumer brands to optimise how they deliver essential goods and services [...] Read more ›
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South Africa’s Omnisient, a secure data collaboration platform, has secured US$1.4 million in funding for global expansion. A Cape Town-based Privacy-by-Design startup, Omnisient specialises in secure data-sharing for businesses. The startup’s intersect.ai platform enables businesses to unlock the benefits of data collaboration while protecting customers’ data privacy and intellectual property. Since launch, the platform has [...] Read more ›
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Africa-focused law firm Vazi Legal has launched a programme dedicated to providing fundraising support to women-led startups on the continent. Vazi Legal, which claims to be “Africa’s top innovation-driven law firm”, works through a network of multi-jurisdictional qualified lawyers based in Lagos, London, New York, Johannesburg and Nairobi. It has just launched Unhacked+, a programme [...] Read more ›
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Nigerian company Daystar Power, provider of hybrid solar power solutions to businesses, has announced the closing of a US$20 million facility from the International Finance Corporation (IFC) to help it deliver against its project pipeline. Founded in 2017, Daystar Power is an off-grid power service provider whose solutions, “Solar-as-a-Service” and “Power-as-a-Service” provide clean and reliable [...] Read more ›
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MAGIC Fund, a global collective of founders, has announced it has raised a US$30 million second fund to continue backing early-stage startups. MAGIC Fund is a global collective of founders that backs other founders solving daunting challenges. Since debuting in 2017, it has invested in 70 companies, including Nigerian fintech startup Mono. Its thesis is [...] Read more ›
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Nigerian fintech startup Payhippo has raised US$1 million in pre-seed funding to scale its offering, which provides vital loans to small businesses. Launched in January of last year by Chioma Okotcha, Uche Nnadi and Zach Bijesse, Payhippo provides loans to small businesses in Africa, often neglected by banks because of their lack of credit histories, [...] Read more ›
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The Centre for Financial Inclusion (CFI) has opened applications for this year’s Inclusive Fintech 50 competition, which recognises early-stage, inclusive fintech startups that are pushing the frontiers of financial inclusion and driving innovation. The Inclusive Fintech 50 competition will spotlight startups helping low-income customers and micro and small enterprises not just respond to the ongoing [...] Read more ›
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Nine African tech startups are among the 117 so far revealed to be taking place in the Silicon Valley-based Y Combinator accelerator, receiving US$125,000 each in seed funding as well as further investment opportunities at a demo day. Y Combinator will launch its S21 batch this month, with the renowned programme concluding in September with [...] Read more ›
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South African venture capital company Kalon Venture Partners has successfully completed its final Section 12 J capital raise with Assets Under Management of over ZAR250 million (US$17.5 million). Formed in 2016, Kalon Venture Partners is one of the leading South African venture capital funds, and operates under the Section 12J initiative that until recently offered [...] Read more ›
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Cape Town, 5th July 2021 – It’s countdown time for EXPLORE Data Science Academy (EDSA)’s career shifting online data science and data engineering courses, which start July 12. Launched in response to the growing digital skills gap in Africa, these six and 12-month online courses are designed for aspiring data scientists, or those looking to [...] Read more ›
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Copia Global, a fast-growing mobile commerce platform built to serve middle to low-income African consumers, has expanded operations to Uganda. Launched in 2013, Copia combines technology and a network of local agents to offer a broad product offering and efficient, reliable delivery to “base of the pyramid” consumers. Its service enables rural households to access [...] Read more ›
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The London-based Wimbart, a public relations (PR) agency specialising in Africa and emerging markets, has launched the third edition of its PR Office Hours programme. Launched in 2015, Wimbart is an independent PR agency with a focus on Africa’s tech and startup sectors. It hosted the first edition of its three-month PR Office Hours programme, [...] Read more ›
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Egyptian B2B e-commerce platform MaxAB has secured US$40 million in Series A funding to help it expand across the country and the broader MENA region. Founded in 2018 by Egyptian and Libyan entrepreneurs Belal El-Megharbel and Mohamed Ben Halim, MaxAB is a B2B e-commerce platform that connects food and grocery retailers to suppliers in Egypt’s [...] Read more ›
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Call for Start-ups GIZ-SAIS Investment Readiness Programme for African AgriTech and FoodTech start-ups entering the scaling stage Who we are ‘Scaling Digital Agriculture Innovations through Start-ups’ (SAIS) is a project implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The overall [...] Read more ›
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Moroccan fintech startup Yalla Xash, a money transfer platform operating between North America and Africa, has raised MAD6 million (US$675,000) in funding from the Maroc Numeric Fund II to extend its services to other countries. Yalla Xash, which operates in Morocco, Canada and the United States (US), allows Moroccans abroad to transfer money back home [...] Read more ›
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Nigerian fintech startup Carbon, which provides access to basic financial services, has announced a strategic five-year partnership with Visa to offer both digital and physical issuance of Visa cards to its customers. Carbon is launching Visa debit cards in the third quarter of 2021, roughly a year after shifting from being a leading digital lending [...] Read more ›
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Applications have opened for early-stage Ghanaian startups to scale their operations through the MEST Express accelerator programme. MEST Express is one of three programmes, alongside Pre-MEST and MEST Scale, that MEST is currently running in partnership with the Mastercard Foundation. The 20-week accelerator programme aims to equip early-stage ventures with the skills and resources they [...] Read more ›
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23.12.2025 04:35
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