Nigeria’s Traction Apps, a payments company with solution offerings around PoS, USSD and bank transfer, is providing a one-stop-shop management tool to run businesses, whether online or offline. Founded in August 2020, Traction Apps is an aggregated payments platform for SMEs, with additional management tools including inventory, invoicing and point of sale. The goal is [...] Read more ›
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Egyptian startup Almentor, the leading video e-learning platform in the MENA region, has raised US$6.5 million in Series B funding to expand operations. Launched in 2016 to compensate for the lack of online learning content for Arabic speakers, Almentor offers courses and talks in various fields such as human resources, management, lifestyle, drama, sports, business, [...] Read more ›
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Nigerian e-health startup CribMD, which describes itself as “Uber for doctors”, has raised a US$2.6 million seed round as it looks to expand upon its initial traction. Launched in June 2020, CribMD connects users with doctors for house calls and telemedicine services via its on-demand platform, allowing them to schedule appointments from the comfort and [...] Read more ›
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Egyptian gaming marketplace Gamesbandy has raised a seed funding round to help propel its growth across the MENA region. Founded in 2020, Gamesbandy is the first platform in the region to provide users with a safe and simple way to buy and sell gaming accounts and related accessories. Gamers can sell their old high-level accounts [...] Read more ›
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Nigerian e-health startup CribMD, which describes itself as “Uber for doctors”, has raised a US$2.6 million seed round as it looks to expand upon its initial traction. Launched in June 2020, CribMD connects users with doctors for house calls and telemedicine services via its on-demand platform, allowing them to schedule appointments from the comfort and [...] Read more ›
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South African food app Fomo, which connects users with specials at restaurants or events, has obtained 50 000 downloads in the last five months. Co-founders Ryan Marx and Jax Du Plessis – who previously launched price comparison platforms CompareGuru and MoneyPanda – birthed the idea for the app after a night out. After having gone [...] Read more ›
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The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT) has launched the inaugural Legatum Foundry Fellowship to support entrepreneurs in Africa. The Legatum Centre was founded in 2007 on the belief that innovation-driven prosperity is key to increasing prosperity and building more inclusive systems in emerging markets. The Foundry Fellowship [...] Read more ›
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Egyptian startup Appetito, a grocery and household products delivery service, hopes to expand across Africa after securing a seed funding round. Founded in March 2020 by Shehab Mokhtar, Appetito is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfillment centres. Customers can [...] Read more ›
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Moroccan B2B e-commerce startup WaystoCap, a Y Combinator graduate, pivoted last year from a cross-border marketplace to focusing more locally instead, and says it has seen strong uptake since. WaystoCap allows African businesses to buy and sell products, helping them to discover products, verify them, obtain financing and insurance, manage their shipments, and ensure payments [...] Read more ›
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Eleven African startups have been selected for the Norrsken Impact Accelerator in Stockholm, Sweden, gaining access to support and potential access to funding. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem consists of Norrsken House, a [...] Read more ›
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Bond’innov, a France-based association that supports innovative and responsible entrepreneurship in Africa, has opened applications for a support programme that offers startups a soft-landing for European expansion. The “Bees soft-landing program powered by EiA” aims to select 10 African entrepreneurs to accompany them in the development of their business in Europe. A three-month soft-landing programme, [...] Read more ›
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As much as US$1.7 trillion is invested globally in digital transformation and strategic programmes every year, yet McKinsey estimates that 70 per cent of these initiatives fail to achieve their goals. This is a problem being addressed by South African startup Fluid Business Solutions, which launched FlowState80 last year. A Managed Software as a Service [...] Read more ›
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Egyptian agri-fintech platform Mozare3 has closed a seven-figure US dollar pre-seed funding round to help it reach more smallholder farmers with its innovative financing platform. Founded in 2020 by Hussein Abou Bakr, Tamer El-Raghy and Mohamed Okasha, Mozare3 helps underserved, unbankable smallholder farmers and their families in Egypt by providing them with access to innovative [...] Read more ›
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European B2B startup accelerator and fund Startup Wise Guys has expanded its programmes to Africa with a launch in Namibia, and plans for a number of additional programmes across the continent in the coming years. Launched in 2012, Startup Wise Guys runs acceleration programmes for early-stage B2B SaaS, fintech, cybersecurity and sustainability startups, has made [...] Read more ›
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South African company LifeQ, an independent provider of biometrics and health information derived from wearable devices and used in world-leading health management solutions, has raised a US$47 million funding round to help it scale operations. With offices in South Africa, the United States (US) and the Netherlands, LifeQ provides a 24/7 lens into the body, [...] Read more ›
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MENA regional seed programme and fund Flat6Labs has announced the second close and increase of its Egypt fund, which will back early-stage startups, from EGP50 million (US$3.2 million) to EGP207 million (US$13.2 million). The Flat6Labs Accelerator Company (FAC) Egypt fund was launched in 2017 to invest in over 100 innovative startups across Egypt over the [...] Read more ›
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South African fintech startup Paymenow is now offering its more than 50,000 users the ability to buy food from retailer Shoprite directly in the Paymenow app. The Stellenbosch-based Paymenow was formed in 2019 and went live with its first customer a week before lockdown hit in March 2020. Its platform allows employees early access to [...] Read more ›
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Germany-based non-profit Impacc has announced plans to provide smart equity investment of between US$30,000 and US$150,000 to social businesses with sustainable, high impact solutions to social, economic and environmental challenges affecting base of pyramid communities in Africa. Impacc builds and scales social businesses where markets are not structured, targeting impoverished communities in Africa. For this, [...] Read more ›
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Nigerian fintech startup Mono has raised a seed funding round of US$2 million to reinforce its current offerings in financial and identity data and launch new products. Founded in August of last year, Mono helps digital businesses in Africa access their customers’ financial and identity data. Its plug-and-play technology allows customers like Flutterwave, Carbon and [...] Read more ›
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Egypt-based networking app Tays has raised a seven-figure (EGP) pre-seed investment from several angel investors to kickstart its operations at home and launch into new markets. Co-founded by Sherif Bacheet and Fady Yonathan, Tays offers an end-to-end social networking app that uses a unique machine learning algorithm to help professionals connect with each other based [...] Read more ›
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Most popular sources
Business Insider
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25% 5 |
Tom's Hardware
|
22% 17 |
The Verge
|
16% 13 |
Gizmodo
|
6% 16 |
Slashdot
|
6% 0 |
| View sources » | |
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23.12.2025 09:48
Last update: 09:40 EDT.
News rating updated: 16:43.
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