It was another strong year for the Nigerian startup ecosystem, with its startups and incubators expanding overseas, and getting acquired, and more funding flooding into various sectors. Here, we take a look at what we think were the five biggest moments from within the Nigerian tech startup ecosystem over the course of the last year. [...] Read more ›
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Though other ecosystems have caught up in recent years, South Africa remains one of the most developed markets when it comes to tech, startups, and investment. It was a year of highs and lows for the country, especially given the COVID-19 pandemic, but the ecosystem can look back on another developmental year. But what were [...] Read more ›
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Nigerian fintech startup OnePipe has raised a US$950,000 pre-seed funding round to execute on a “banking as a service” direction. Launched in August 2019, OnePipe aggregates APIs from banks and fintechs into a standardised gateway that is easy to integrate and makes partnerships seamless. This single gateway cuts resources spent managing multiple integrations and negotiating [...] Read more ›
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The global investments firm Capria Ventures has made an investment into the second fund of the UAE-based Global Ventures, the first investment Capria has made in the MEA region. Capria Ventures is a global investment firm, partnering with and funding the largest network of emerging market fund managers collaborating to deliver superior returns and scaled [...] Read more ›
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Japanese company Kepple Africa Ventures has invested in a further 16 African tech startups since May to take its total for the year to 36, and its portfolio size to 66 companies in all. Founded by Ryosuke Yamawaki and Takahiro Kanzaki in December 2018, Kepple Africa Ventures has offices in Nairobi and Lagos and makes [...] Read more ›
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Twelve startups have been named winners of the AppsAfrica Awards 2020, which celebrate the best in mobile and tech from across Africa. The AppsAfrica Awards strive to showcase leading ventures from across the continent each year and provide winners with industry recognition, global publicity, and potential investment. Winners are also invited to join Africa Tech [...] Read more ›
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Nigerian fintech startup Mono has raised a US$500,000 pre-seed funding round to help it build its team and expand to new markets. Founded in August, Mono helps digital businesses in Africa access their customers’ financial and identity data Its plug-and-play technology allows customers like Flutterwave, Carbon and Indicina to access a broad range of high-quality [...] Read more ›
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Village Capital and IFC have opened applications for the Future of Work Africa accelerator programme, which will offer 20-30 startups help in building and scaling solutions addressing unemployment in Sub-Saharan Africa. Since 2009, Village Capital has supported more than 1,000 early-stage entrepreneurs through its investment readiness programme, while the VilCap Investments fund has invested in [...] Read more ›
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Kenyan e-health startup Ilara Health has raised a US$3.75 million Series A funding round to expand its diagnostic reach across the continent and accelerate the development of its integrated patient health management platform. Ilara Health provides affordable diagnostic equipment to patients and healthcare providers in peri-urban areas and has partnered with more than 200 clinics, [...] Read more ›
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Ivory Coast-based mobile content platform StarNews Mobile has raised a US$1.8 million pre-Series A funding round to help it further speed its growth. Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering celebrity-based content priced at low daily subscription rates. Users can subscribe to their [...] Read more ›
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IFC, a member of the World Bank Group, has partnered Nigerian logistics startup Kobo360 to announce an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria to help the country address food waste challenges, support its health sector, and reduce its energy consumption. IFC, which is [...] Read more ›
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After a career working in fintech, it seems only natural that Hayden Simmons would wind up founding a global community of fintech angels. Having graduated from Colorado College in 2007, majoring in Economic Development and Spanish, with a thesis on collectivised remittances in Mexico, Simmons then spent four years at Financial Identity as a Service [...] Read more ›
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Nigerian fintech startup Blueloop has taken on US$77,000 in pre-seed funding this year as it builds Flux, a mobile app for crypto-based cross-border payments. Founded by Ben Eluan, Osezele Orukpe and Israel Akintunde, Blueloop is the company behind Flux, a mobile payments app for cross-border payments using cryptocurrencies. Using Flux, individuals and businesses can send [...] Read more ›
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Seven Egyptian startups have secured access to incubation services after winning the Start IT competition organised by the country’s Information Technology Industry Development Agency (ITIDA). Each quarter, ITIDA hosts Start IT, a nationwide business plan competition that targets entrepreneurs at the idea stage with an ICT-related prototype or proof of concept, and helps them turn [...] Read more ›
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South African startup Aerobotics has expanded upon the funding round led by tech investor Naspers earlier in the year and closed its Series B funding round at ZAR250 million (US$16.5 million). Founded in Cape Town in 2014, Aerobotics uses aerial imagery from drones and satellites, and blends them with machine learning algorithms to provide early [...] Read more ›
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South African startup FlexClub has partnered car hire company Avis to pilot “Drive Now, Buy Later” car subscriptions for a limited number of private members across Johannesburg. Formed in November 2018, FlexClub is a managed marketplace that simplifies investing in cars rented to people using gig platforms to earn a living. Essentially, it allows users [...] Read more ›
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EGBank and Cairo Angels have opened applications for the latest edition of the MINT Incubator, which helps startups grow and become investment-ready. Cairo Angels – which invests in and supports startups across the Middle East and Africa – and EGBank partnered to launch the three-month equity-free MINT Incubator in 2018, and there have been several [...] Read more ›
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South African startup Snode Technologies, which is taking a data-driven approach to cybersecurity, has taken its innovative approach to combating cyberattacks global. Snode leverages mathematical algorithms to process dynamic data, in any format, at any scale, in real-time, which empowers its highly skilled analysts to gain insight into prevailing patterns, not visible to the human [...] Read more ›
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Kenyan smart addressing startup OkHi has launched in Nigeria alongside strategic partner and new investor Interswitch Group, aiming to tackle a problem that costs Nigerian businesses an estimated US$2 billion a year – the lack of postal addressing infrastructure. Co-founded in 2014 by Timbo Drayson, who while at Google led the launch of Google Maps [...] Read more ›
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Cairo-based digital trucking marketplace Trella has launched operations in Pakistan, which becomes the second new market for the startup in 2020. Founded in 2018, Trella connects shippers with carriers in real-time, and over the course of 2019 raised seed funding, was accepted into the Y Combinator accelerator and acquired a local competitor. This year it [...] Read more ›
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Business Insider
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23% 2 |
Tom's Hardware
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13% 6 |
Gizmodo
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11% 5 |
Slashdot
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7% 0 |
Vox
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6% 4 |
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24.12.2025 07:22
Last update: 07:15 EDT.
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