Google has opened applications for the Hustle Academy SMB Fund, a NGN75 million (US$100,000) equity-free fund dedicated to amplifying the ambitions of Nigerian small and medium-sized businesses (SMBs). Google’s Hustle Academy, introduced in 2022, provides SMEs with business and management education, mentoring, and networking, with a particular emphasis on preparing them to package their businesses [...] Read more ›
2
South African fintech startup Stitch has announced a US$25 million Series A extension round led by Ribbit Capital, which will be used to continue building out its end-to-end payments solutions, and expand to additional markets. Founded in February 2021, Stitch is a payments infrastructure company that helps businesses scale faster, and operate more efficiently. The [...] Read more ›
3
Nigerian cryptocurrency startup KoinWa has launched web3 education platform EduBlok in a bid to empower university and college students with relevant skills. KoinWa, which allows users to buy and sell cryptocurrencies, was in June one of 25 African fintech startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. Its education arm, [...] Read more ›
0
VALR FZE, a subsidiary of South African startup VALR, Africa’s largest bitcoin exchange by trading volume, has received initial approval from Dubai’s Virtual Asset Regulatory Authority (VARA). Established in 2018, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection of [...] Read more ›
15
Disrupt Africa has released the second episode of its two-part podcast series discussing the value of PR to African tech startups, in good times and bad, produced in partnership with Africa-focused public relations company Talking Drum Communications. Co-hosted by Gabriella Mulligan and Tom Jackson, Disrupt Podcast helps keep listeners in the loop on all that’s going on [...] Read more ›
44
Offering employees stock options and building good local and international networks are key to successfully scaling startups, according to a new report. The Scaleup Report by Startup Genome provides insights into the characteristics that separate startups that successfully scaled from those that failed, and highlights actionable insights for entrepreneurs, enterprise support organisations, and policymakers seeking [...] Read more ›
24
Nigerian insurtech startup ETAP, which makes it easier to buy car insurance and make claims, has partnered leading insurance firm AIICO Insurance to drive increased penetration of car insurance in the country. ETAP makes buying and claiming on car insurance as easy as taking a picture, providing drivers with access to a range of daily, [...] Read more ›
6
African tech startups raised US$492,418,000 in Q3 2023, taking the total for the first nine months of the year to US$1.4 billion, down 48 per cent on the corresponding period in 2022 as the global capital crunch continues to impact the continent’s startup sector. According to the most recent edition of the annual African Tech [...] Read more ›
9
Pan-African venture capital firm Enza Capital has announced the close of its US$58 million Fund II, as well as the launch of its Founder Partner programme, where leadership teams of portfolio companies become co-owners and share in the broader success of the firm and fellow investees. Since its inception in 2019, Founded in 2019, the [...] Read more ›
20
South Africa’s Secha Capital has announced a first close of ZAR300 million (US$15.7 million) of its second fund, the target size of which is ZAR650 million (US$34 million). Launched in 2017 by Nombuso Nkambule, Brendan Mullen and Rushil Vallabh, Secha Capital runs an operator-investor model that places highly-skilled human capital resources into its portfolio companies [...] Read more ›
2
Kenya’s Lipa Later, a fintech platform founded to empower African businesses to do more by enabling e-commerce, financial inclusion, and shopping on a centralised and fully integrated platform, has raised KES500 million (US$3.4 million) from a privately-placed debt issuance to help it expand its offerings. Founded in 2018, Lipa Later aims to empower African businesses [...] Read more ›
3
Pan-African seed-focused venture capital (VC) firm P1 Ventures has completed the first US$25 million close of its second fund. Founded in 2020, P1 Ventures is a high-conviction investor that intentionally focuses on a small number of exceptional African founders and companies building transformational software businesses with regional and global potential in areas like fintech, e-commerce, [...] Read more ›
0
South African startup Root Platform, the low-code, API-first, end-to-end insurance technology platform provider, has raised US$1.5 million in funding to accelerate its expansion plans. Founded in 2016, Root is an end-to-end insurance platform that helps companies build, sell and manage digital insurance products in Africa, the UK and Europe. The startup packages the “hard things” [...] Read more ›
12
South Africa’s Revio, a payment orchestration platform that helps merchants optimise their order to cash lifecycle, has announced a seed investment round of US$5.2 million to help it expand across Africa and expand its capabilities. Revio is an Africa-focused payment orchestration platform that minimises the complexity, cost, and risk of payment operations, to help merchants [...] Read more ›
69
Kenya-based impact investment firm Kua Ventures has invested more than US$1 million into the growth of 20 small and medium enterprises (SMEs) in the country. Formed in 2020, Kua Ventures started out providing much-needed capital, coaching and community support for SMEs to survive the economic downturn prompted by COVID-19 and the resultant lockdowns. Its US$1 [...] Read more ›
2
The United States Agency for International Development (USAID) has celebrated the graduation of 23 Egyptian startups from the third cohort of its Startups Accelerator Programme in Egypt. In collaboration with the Information Technology Industry Development Agency (ITIDA), the National Bank of Egypt (NBE), and Egypt Post, the three-month programme, run by Plug and Play Tech [...] Read more ›
2
Disrupt Africa has partnered Africa-focused public relations company Talking Drum Communications to release a two-part podcast series discussing the value of PR to African tech startups, in good times and bad. Co-hosted by Gabriella Mulligan and Tom Jackson, Disrupt Podcast helps keep listeners in the loop on all that’s going on in the African tech startup ecosystem. [...] Read more ›
8
South African startups Hello Pay and AURA have partnered to provide more than 18,000 small township-based businesses and spaza shops with free access to on-demand security services and emergency medical response and business insurance. Hello Pay is the latest service offered by the Hello Group, which allows small businesses to collect payments digitally, while AURA [...] Read more ›
0
Five Kenyan clean-tech startups have been selected to take part in the third edition of the NINJA Accelerator, which will provide them with tailored support to solidify their businesses and access to international mentoring, networking, and fundraising opportunities, including a roadshow to Japan. Project NINJA is an initiative of the Japan International Cooperation Agency (JICA), [...] Read more ›
0
Kenyan startup eBiashara is an ICT enterprise solutions provider that offers cutting edge turnkey services that power digital transformation across diverse sectors. eBiashara began life in 2014, introducing a supply chain finance platform before later expanding to offer cloud computing, e-commerce, cyber security, business intelligence and analytics solutions, among others. “We have worked with various [...] Read more ›
0
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Business Insider
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27% 2 |
Tech Wire Asia
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9% 0 |
The Verge
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8% 0 |
Gizmodo
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7% 2 |
Eurogamer.net
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7% 4 |
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27.11.2024 15:52
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