Female fund managers are very much in the minority worldwide. In the US, only nine per cent of decision makers in the VC space are women. In Africa, no definitive numbers are yet available, but female fund managers are hard to come by – a big mistake for the VC world, as data clearly demonstrates [...] Read more ›
3
African tech’s gender problem is only getting worse, with just 20.2 per cent of 633 funded ventures in 2022 having a female founder, down from 21.5 per cent in 2021. This is according to the eighth edition of the annual African Tech Startups Funding Report released by startup news and research portal Disrupt Africa, which [...] Read more ›
23
Applications are open for the Rice Business Plan Competition 2023 for Student Startups, which provides real-world experience and cash prizes to student entrepreneurs. Run by the Rice Alliance for Technology and Entrepreneurship, the competition has evolved from nine teams competing for US$10,000 in prize money in 2001 to 42 teams from around the world competing [...] Read more ›
9
Ugandan fintech Qiribu believes itself to be the first platform within the East African country to launch an earned wage access product, which it plans to expand into Kenya and Rwanda in the next couple of years. Qiribu provides salaried employees with the ability to access a portion of their earned wages before their regular [...] Read more ›
21
Nigerian e-health startup Famasi, which began life as a medication management service but has expanded its vision to building pharmacy infrastructure to scale digital health, has raised a pre-seed round of funding. Launched in 2021 by Adeola Ayoola and Umar Faruq Akinwunmi, Famasi Famasi is a digital health platform that helps people access their medications, [...] Read more ›
81
The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of five investees, each of which secures US$50,000 in funding. The Baobab Network has been accelerating startups with capacity building and fundraising since 2019, and accepted its last cohort at the beginning of March. It recently [...] Read more ›
2
South African startup RNR, a breakdown management company with technology that mobilises a network of nationwide suppliers to service entire fleets at the touch of a button, has raised ZAR10 million (US$555,000) in funding to support its growth and African expansion. Founded in 2019, RNR, which stands for “Right Now Reponse”, is an on-demand breakdown [...] Read more ›
9
South African artificial intelligence (AI)-driven insurtech company Naked, which offers a new, fully digital way for consumers to insure their cars, homes, and valuables, has raised US$17 million in Series B funding to drive its growth. Launched in 2018 by actuaries Alex Thomson, Sumarie Greybe, and Ernest North, Naked has built an end-to-end digital platform [...] Read more ›
4
Nigerian insurtech startup Curacel, an AI-powered platform for claims processing and fraud management in Africa, has secured US$3 million in seed funding to roll out new solutions and support its expansion into North Africa. Formed in 2017, Curacel automates the insurance claims process, allowing staff to process claims volumes quickly and efficiently, and automatically vets [...] Read more ›
1
Africa-focused startup Smile Identity, which enables ID verification and KYC compliance through artificial intelligence (AI) designed for African faces and identities, has secured a US$20 million Series B funding round to help it expand across the continent. Smile Identity launched in 2017 with a mission to make it easy for Africans anywhere to quickly and [...] Read more ›
2
Nigerian mobility startup Treepz has launched operations in Kenya following strategic investment deals to raise additional US$1.2 million in funding over the last 12 months. Founded in 2019 and known as Plentywaka until its September 2021 rebrand, Treepz operates a digital platform allowing passengers to book daily rides along fixed routes. It also serves as [...] Read more ›
0
Seed, a Stanford Graduate School of Business-led initiative, has renewed its collaboration with the African Management Institute (AMI) in its ongoing effort to partner with entrepreneurs to help them build thriving enterprises that transform lives. Stanford Seed, which is a part of the Stanford Graduate School of Business, offers the Seed Transformation Programme to help [...] Read more ›
2
Fintech remains African tech’s most powerful force when it comes to funding, but growth is everywhere, and the sector’s share of total investment actually fell in 2022. This is according to the eighth edition of the annual African Tech Startups Funding Report released by startup news and research portal Disrupt Africa, which is available free [...] Read more ›
16
Nigerian HR tech startup, a software-as-a-service (SaaS) company with a mission to build the simplest and most efficient people operations platform, has closed a US$500,000 pre-seed funding round to help it expand its operations. Founded in December 2020 by Seye Bandele and Lekan Omotosho, Pade HCM automates and simplifies HR processes. The startup has so [...] Read more ›
0
Climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive US$55,000 in funding to advance their solutions for the blue economy in Africa. The TECA programme, managed by BFA Global and supported by FSD Africa, was created to accelerate the development of climate-resilient solutions to protect [...] Read more ›
2
South African startup Sendmarc, which has become a leader in email and domain security, has raised a US$7 million Series A funding round to expand its market enablement strategy and further develop its product. Sendmarc helps customers avoid email impersonation such as phishing and spoofing – from which over 90 per cent of cybercrime starts [...] Read more ›
17
The number of active investors in African tech startups increased by 28 per cent to almost 1,000 in 2022, yet this was a slower rate of growth than witnessed in previous years. This is according to the eighth edition of the annual African Tech Startups Funding Report released by startup news and research portal Disrupt [...] Read more ›
9
Nigerian investtech startup Bamboo has been granted a digital sub-broker license from Nigeria’s Securities and Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as include Nigerian securities on its platform. Founded in 2019, Bamboo is an online brokerage app that allows Africans to invest real-time in local and [...] Read more ›
3
Ghanaian startup Chestify AI Labs provides an artificial intelligence (AI)-based platform that gives a highly accurate algorithm for diagnosing pathologies on chest X-rays, CT-scans and MRI images. Co-founded by Mustapha Zaidan and Michael Osei-Gyeabour in 2020, Chestify aims to aggressively tackle the health and socio-economic impacts of inadequate radiology infrastructure and the lack of radiologists [...] Read more ›
0
Egypt-based marketing CRM platform Gameball has closed a US$3.5 million seed round to accelerate product commercialisation, enterprise customer acquisition and strategic hiring. Founded in 2020 by Ahmed Khairy, Ahmed El Assy and Omar Alfar, Gameball is an all-in-one customer intelligence and marketing CRM platform that helps consumer brands create personalised engagement with customers and monetise [...] Read more ›
16
Most popular sources
Tech Wire Asia
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32% |
Business Insider
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25% 6 |
CNET
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8% 2 |
Eurogamer.net
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5% 1 |
Android Authority
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4% 0 |
| View sources » | |
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28.11.2024 17:34
Last update: 17:21 EDT.
News rating updated: 00:21.
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