Egyptian Islamic invoice financing startup Agel has closed an undisclosed seven-figure pre-seed round of funding to help it roll out customised, digital, cashless, and Sharia-compliant financing products, including Murabaha, a cost-plus financing model that complies with Islamic principles. Founded in October 2021 by Abdelrahman Saeed and Ahmed El Sherbiny, Agel empowers merchants with the financing [...] Read more ›
2
South African company Lexie Hearing, developed by hearX Group and a market leader in US hearing healthcare, has been named on TIME’s third annual TIME100 Most Influential Companies list. The renowned list highlights companies making an extraordinary impact around the world. To assemble the list, TIME solicited nominations from its global network of contributors and [...] Read more ›
12
A minority of Africa-focused venture capital companies have female general partners, while just 6.1 per cent of angel investors on the continent are women, according to a groundbreaking study on gender diversity released by Disrupt Africa. Since launching its research arm in 2016, Disrupt Africa has built up a significant portfolio of publications, most notably [...] Read more ›
2
Ghanaian Web3 startup Mazzuma has secured an undisclosed amount of financing from Adaverse to implement the roll-out of its AI-powered smart contract creation platform – MazzumaGPT. Launched in 2017 by school friends Nii-Osae Osae-Dade and Kofi Genfi, Mazzuma began life as a payments app but has gradually moved into the Web3 world by way of [...] Read more ›
2
Seven African tech startups have been named by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022 – companies that are shaping industries from healthcare to retail and many more. The WEF Technology Pioneers are early to growth-stage companies from around the world that are involved in [...] Read more ›
36
South African e-health startup Zoie Health has raised a pre-seed extension funding round to fund its expansion and growth. A holistic digital wellness platform for women by women, Zoie Health offers virtual consults, at-home consults, subscriptions for medications, resources and a community of women to support one another through healthcare seasons. The startup currently serves [...] Read more ›
15
The Egypt-based Acasia Ventures, the venture capital investment arm of Acasia Group, has opened a new office in Lagos, Nigeria, in a bid to extend its reach across the African continent and connect with founders and stakeholders on the ground. Known as Cairo Angels until announcing a rebrand late last year, Acacia Group has been [...] Read more ›
8
Ivory Coast-based fintech company Syca has been selected for the startup programme run by Scaleway, a global provider of cloud infrastructure services, to accelerate its growth and expand its impact in the technology market. Syca provides advanced payment and point-of-sale management solutions which simplify transactions and business operations while actively contributing to financial inclusion through [...] Read more ›
2
Nigerian startup Quantum Analytics is providing “tech education as a service” to Africans and then using technology to match talent with available tech jobs globally. Founded in February 2021, Quantum Analytics allows users to register and view available courses across a variety of subjects, which can then be paid for online to access a live [...] Read more ›
2
Kenyan e-commerce startup Tappi has been selected for the latest edition of the Orbit Startups accelerator, securing US$180,000 in funding together with access to an intensive programme that supports its growth and fundraising beyond demo day. Part of global VC firm SOSV, which has US$1.5 billion in assets under management, Orbit Startups helps scale breakthrough [...] Read more ›
24
Kenyan insurtech startup Turaco has announced it has surpassed one million lives insured. Turaco provides simple and affordable insurance solutions for emerging markets and is a distributor, broker and key customer interface between the underwriter and the consumer. Turaco achieves this by forming partnerships with leading tech-enabled companies with a large pool of emerging market [...] Read more ›
0
The Fashion Kingdom (TFK), the leading curated fashion marketplace in Egypt, has acquired direct-to-consumer (D2C) fashion brand Opio to create a powerhouse fashion group. A marketplace offering access to fashion, beauty and home accessories, with 360 value proposition for brands, TFK was launched in July 2020 by co-founders Fadi Antaki, Marianne Simaika and Karim Abd [...] Read more ›
12
Women have always been underrepresented in the venture capital space worldwide. Some of the earliest research from the US (2018) found that only nine per cent of VC decision makers were women. In Africa, new data by Disrupt Africa shows some more promising trends – 39.6 per cent of VCs actively investing on the continent [...] Read more ›
1
South Africa-based solar energy and digital devices asset financier Yellow has raised US$14 million in Series B funding to deepen its reach in its existing markets. Founded in 2018 by Mike Heyink and Maya Stewart, Yellow focuses on the last-mile distribution of affordable “pay as you go” (PAYG) solar home systems to low-income rural households. [...] Read more ›
0
Google for Startups has announced the 25 Africa-based startups selected for this year’s US$4 million Black Founders Fund. Disrupt Africa reported in July 2021 on the US$3 million Google for Startups Black Founders Fund Africa, which is part of Google’s racial equity commitments announced in June 2020. Fifty founders were awarded equity-free funding, and for [...] Read more ›
0
A Londoner of Nigerian descent, Oyin Solebo has worn various hats in the investment and entrepreneurial world, but now she is based out of Lagos running the only Techstars accelerator programme active on the African continent. Techstars is a global investment business that provides access to capital, one-on-one mentorship, and customised programming for early-stage entrepreneurs. [...] Read more ›
23
Convergence Partners Investments, the deep tech investor started by Andile Ngcaba in 2003, has announced it has rebranded to Solcon Capital as it launches a big push to empower global deep tech growth through platform economics. Established in 2003, the company now known as Solcon Capital is a global leader in deep tech investments, with [...] Read more ›
2
The GrEEK Campus and MQR, two of Egypt’s largest entrepreneurial communities, have announced a definitive merger agreement. Founded in 2013, The GrEEK Campus is a hub for homegrown innovation where businesses at all stages are able to join together to develop and grow new ideas, products, and services, while MQR is a workspace provider that [...] Read more ›
18
Seedstars Capital and Fondation Botnar have announced the launch of the Seedstars Youth Wellbeing Ventures mandate, intending to invest US$20 million in early-stage, purpose-driven companies aiming to improve the wellbeing of young people in low- and middle-income countries across the continent. Seedstars Capital is an alternative investment platform focused on supporting emerging fund managers as [...] Read more ›
21
Nigeria’s Eze, a wholesale marketplace for used and new electronics, has secured US$3.7 million in seed funding to develop its technology infrastructure, broaden its product offering and expand into new markets in Africa, Europe and South America. Eze is a B2B wholesale marketplace for smartphones, laptops, tablets, and other electronics, which connects thousands of buyers [...] Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
Eurogamer.net
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6% 2 |
The Verge
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6% 2 |
| View sources » | |
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28.11.2024 01:30
Last update: 01:25 EDT.
News rating updated: 08:21.
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