Ugandan agri-loans startup Emata has raised a US$2.4 million seed funding round to expand its offering across East Africa. Emata addresses East Africa’s lack of agricultural financing by providing automated loans to farmers. This reduces cost and enables lending to smallholders at rates 5x more affordable than the informal loans they have often relied on [...] Read more ›
2
The Obuntu Foundation has announced the second class of its fellowship of Africa-focused emerging venture investors. The Obuntu Foundation, in an effort to foster innovation and economic growth in Africa, has established the Obuntu Launchpad Fellowship, which is co-designed with and delivered by African and global leaders in VC. The Launchpad’s sessions are driven by [...] Read more ›
2
Zambian neobank Lupiya has successfully secured US$8.25 million in Series A funding to scale operations in its home market and in new ones. Founded in 2016, Lupiya works to bridge the financial inclusion gap by offering easy-to-use, technology-driven financial solutions to the unbanked and underbanked populations in Zambia. Its US$8.25 million Series A round was [...] Read more ›
8
South African “re-commerce” startup Faro has launched operations in a bid to make quality fashion accessible and combat textile waste in Africa. Launched in June, Faro partners with global fashion brands to source high-quality unsold clothing for resale in Africa, disrupting the inflow of problematic textiles by giving customers a sustainable alternative. “Our commitment to [...] Read more ›
3
Nigeria’s Mecho Autotech, which provides quality automotive spare parts and vehicle repairs and maintenance services, has closed a US$2.4 million pre-Series A funding round to launch a B2B distribution platform for aftermarket spare parts. Founded in 2021 by Olusegun Owoade and Ayoola Akinkunmi, Mecho Autotech offers repair and maintenance services to businesses and consumers through [...] Read more ›
1
Egyptian startup Qardy, a marketplace and aggregator for debt financing, has partnered microfinance company Sandah to give MSEMs access to the necessary tools and resources. Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending”. “Qardy aims to cut [...] Read more ›
2
African e-health startups are addressing huge problems that negatively impact healthcare outcomes across the continent. But they need more support from investors and governments to help them succeed in fulfilling their potential. Disrupt Africa recently partnered Salient Advisory, Curacel and RxAll to release a three-part podcast series – “High tech health – how African startups [...] Read more ›
18
Two agripreneurs clinched top honours in the fifth annual GoGettaz Agripreneur Prize Competition Finals held at the Africa Food Systems Forum Summit 2023. Generation Africa awarded two grand prizes of US$50,000 to Hasina Andriatsitohaina, founder and manager of Mad’Arom in Madagascar, and Ikenna Nzewi, co-founder and CEO of Releaf Africa in Nigeria. Four more Impact [...] Read more ›
14
IAPrecision is a first-of-its-kind agricultural industry-focused drone technology and data analytics service enterprise in Nigeria. The startup, founded in 2021, provides farmers with aerial intelligence and actions that empower them to undertake smart and precision-driven agriculture leveraging drone technology and the power of data they generate. IAPrecision uses drones fitted with sensors that can help [...] Read more ›
2
Smile ID, a leading provider of biometric identity verification solutions, has today announced the launch of Smile Links – a no-code solution that lets businesses verify customers faster. Smile Links is a customisable, no-code KYC solution that reduces the technical requirements for businesses to go live. With a few clicks in the Smile ID portal, [...] Read more ›
0
Egyptian fintech startup Yalla has signed several agreements with major financial companies and institutions that will see it expand operations into Saudi Arabia. Yalla is a financial super app for all daily financial and non-financial needs, which allows users to send and receive money, pay merchants online and offline, and place orders. The startup has [...] Read more ›
2
Nigeria has overtaken South Africa to become the most-populated fintech space on the continent, having already established itself as the most attractive fintech investment destination. Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, tracks the extraordinary development of the fintech ecosystem across Africa. The fourth edition of the report is [...] Read more ›
2
South African payments infrastructure company Stitch has launched WigWag, a new brand designed to serve SMEs and individual business owners with easy, no code payment solutions, powered by the Stitch API. Founded in February 2021, Stitch is a payments infrastructure company that helps businesses scale faster, and operate more efficiently. The Stitch payments API and [...] Read more ›
5
Kenyan startup Octavia Carbon is the Global South’s first direct air capture (DAC) company, designing, building, and soon deploying machines that directly capture CO2 from the atmosphere. Founded in March 2022, aimed at “reversing climate change”, Octavia Carbon is leveraging Kenya’s renewable energy, geology, and talent to deploy and scale DAC at a low cost. [...] Read more ›
8
Nigerian skill-to-market platform AltSchool Africa has expanded its learning faculty to introduce creative economy and business schools, following an impressive 40 per cent completion rate in its first year. Founded in 2021 by Adewale Yusuf and Sultan Akintade, who are also co-founders of another Nigerian ed-tech company TalentQL, AltSchool aims to equip Africans with in-demand [...] Read more ›
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The Beyond Limits Fellowship For Founders aims to pave the way for budding entrepreneurs, fostering innovation and resilience in the vibrant African startup ecosystem. Over the span of six weeks, individuals selected for the Beyond Limits Fellowship For Founders will undergo an immersive experience that bridges insightful online sessions with hands-on learning in Lagos, Nigeria. [...] Read more ›
2
DRC-based startup Itot Africa is providing customised digital content, coding, programming, training and e-learning to businesses, SMEs and entrepreneurs in Africa and the United States. Itot Africa, an ed-tech startup based in Lubumbashi and launched in 2017, recently received EUR54,000 (US$59,000) in matching funds from the Catalytic Africa initiative, supporting an investment made into the [...] Read more ›
2
Egypt-based health insurtech Sehatech has raised a US$850,000 round of funding to help it grow its team and further develop its product. Founded in 2022 by Mostafa Tarek, Mohamed Elshabrawy and Omar Shawky, Sehatech aims to automate medical approvals, claims processing and the billing cycle, saving insurers’ time and expenses while preventing fraudulent practices. The [...] Read more ›
11
VALR, the largest South African crypto exchange by trading volume, has partnered with CryptoConvert to make VALR payments available at all Pick n Pay tills throughout South Africa. Launched in 2019, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection [...] Read more ›
2
The African fintech space saw 26 startup acquisitions between June 2021 and July 2023, up 271 per cent on just seven in the preceding two-year period, with M&A activity in the sector really hotting up. Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, tracks the extraordinary development of the fintech [...] Read more ›
15
Most popular sources
Business Insider
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29% 0 |
Tech Wire Asia
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9% 4 |
The Verge
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7% 0 |
Tom's Hardware
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5% 1 |
CNET
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5% 1 |
| View sources » | |
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27.11.2024 18:34
Last update: 18:12 EDT.
News rating updated: 01:20.
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