Africa’s first decentralised autonomous organisation for tech founders – Pando DAO – has launched, while also becoming the official community partner of the Silicon Zanzibar initiative. Pando DAO is a decentralised community of top African tech founders, whose operations span over 15 countries across the continent. Its vision is to deepen connections between members of [...] Read more ›
3
South African ed-tech startup FoondaMate has launched operations in Nigeria on a bid to democratise learning and close education inequality gaps with its AI-powered study chatbot. Founded by Dacod Magagula and Tao Boyle in August 2020, FoondaMate has built a chat-based, AI-powered learning bot that helps students get fast, easy and safe access to study [...] Read more ›
2
Nigerian credit-led fintech startup Payhippo has acquired Maritime Microfinance Bank (MFB) to help it expand its product offering. Launched in January 2020 by Chioma Okotcha, Uche Nnadi and Zach Bijesse, Payhippo provides loans to small businesses in Africa, often neglected by banks because of their lack of credit histories, in under three hours. A Y [...] Read more ›
0
Nigerian fintech startup Touch and Pay has won the 2022 edition of the Ecobank Fintech Challenge, taking home a US$50,000 cash prize. Ecobank is a leading independent pan-African banking group that serves over 32 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. Its annual Fintech Challenge offers early-stage and [...] Read more ›
0
Cape Town-based “privacy-by-design” startup Omnisient has raised an undisclosed amount of funding from old and new investors to support its continued international expansion and further develop its platform.  Omnisient specialises in secure data-sharing for businesses. The startup’s platform enables businesses to unlock the benefits of data collaboration while protecting customers’ data privacy and intellectual property. [...] Read more ›
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The Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa steered by Mercy Corps and BFA Global, has launched two programmes – the Catalyst Jobtech Accelerator and the Jobtech Innovation Lab – designed to support digital platforms that connect people to work opportunities that build livelihoods. A partnership between Mercy Corps and BFA Global, [...] Read more ›
2
Egyptian fintech startup MoneyFellows has announced the first close of its Series B round funding with a US$31 million investment to help it accelerate its growth and move into new markets. MoneyFellows is a mobile-based platform that digitises money circles or Rotating Savings and Credit Associations (ROSCAs), which are widely known as “Gameya” in Egypt [...] Read more ›
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Egyptian prop-tech startup Seqoon has raised a US$500,000 pre-seed funding round to help it build out its property co-ownership platform and expand into new markets. Founded by Omar Eldessouky and Mohamed Elkhatieb, Seqoon allows users to own shares – between one-eighth and one-half – of a vacation home. The startup, which has made ElGouna its [...] Read more ›
2
Twenty-nine cities across Africa and beyond will play host to physical gatherings of investors next week in the biggest Africa Early Stage Investor Summit since its inception in 2013. The ninth edition of the Africa Early Stage Investor Summit will take place from November 2-4, designed by ABAN and VC4A with the slogan “for investors, [...] Read more ›
2
Ghanaian startup Tiny Reusers is an e-commerce platform that facilitates the sale of preloved and new baby, kids and maternity items from private individuals to baby shops, importers and local producers. Tiny Reusers was formed a year ago when founder Lisa Werk Nielsen had been in Ghana for about six months, and had struggled to [...] Read more ›
3
Nigerian startup AlphaCX Platforms has launched its B2B Software-as-a-Service (SaaS) platform to deliver customer support infrastructure for underserved markets. Launched in stealth last year, but now publicly available, AlphaCX has developed an omnichannel messaging helpdesk that enables meaningful communication between business and customer. Users can engage customers from email, Twitter, Facebook Messenger, Instagram, SMS, and [...] Read more ›
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African startups have been named among the winners of the Orange Social Venture Prize (OSVP) in Africa and the Middle East, taking home cash prizes. Launched in 2011, the Orange Social Venture Prize in Africa and the Middle East recognises the best tech startup projects that make a positive impact on society or the environment [...] Read more ›
2
The co-investment fund Catalytic Africa, established in 2019 by the African Business Angels Network (ABAN) and AfriLabs, has concluded transactions in 10 countries in the last year. The partnership between AfriLabs, a pan-African network of technology and innovation centres, and ABAN aims to increase the pool of capital available to promising African growth-stage entrepreneurs, support [...] Read more ›
3
Egyptian fintech startup Kiwe, a social payment app targeting the unbanked segment, has secured funding from valU, a subsidiary of EFG Hermes Holding that provides a buy now pay later (BNPL) service with a presence in Egypt and Saudi Arabia. Founded in March 2021 by Fatma Khalifa, Omar Kamel and Mohamed Khalifa, Kiwe is a [...] Read more ›
2
Early-stage startups operating in Francophone African countries can apply for up to EUR50,000 (US$48,000) in equity funding from Fuzé, an investment facility by Digital Africa. The Digital Africa initiative, a French government-backed organisation assisting African tech startups, was launched by President Emmanuel Macron in 2018. Through Fuzé, which is currently open to startups from Rwanda, [...] Read more ›
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Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, has announced the launch of affiliate Madica, a structured investment programme for pre-seed stage technology companies in Africa. Flourish Ventures backs entrepreneurs whose innovations advance financial health and prosperity for individuals and small businesses, and has more than US$500 million under management. Aiming [...] Read more ›
3
Climate tech VC firm Satgana has announced the first closing of its fund, with a EUR30 million (US$29 million) target size, and plans investments in Africa and Europe. Headquartered in Luxembourg, Satgana is a climate tech VC fund, with the ambition to invest in startups providing technological solutions to the climate emergency. Focused on climate [...] Read more ›
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Africa-focused VC firm TLcom Capital has announced its fourth Africa Tech Female Founder Summit will take place in Nairobi, Kenya in November, with Meg Whitman, US Ambassador to Kenya and former CEO of eBay and Hewlett-Packard, confirmed as headline speaker. TLcom Capital will host the event on Wednesday, November 9 under the theme “Dare to [...] Read more ›
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![Nigerian mobile money startup founder gets turned down at first [Book extract]](https://times42.com/media/1/6/3/5194163_640x200.jpg "Nigerian mobile money startup founder gets turned down at first [Book extract]")
The following is an extract from Africa 2.0 – Inside a Continent’s Communications Revolution by Russell Southwood, an ambitious 35-year history of the impact of mobile and internet on Sub-Saharan Africa. Southwood is a long-standing industry analyst of Sub-Saharan African communications markets and founded his consultancy and research company Balancing Act 22 years ago. Disrupt [...] Read more ›
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Egyptian mass e-commerce startup Kenzz has raised a US$3.5 million seed funding round to help it recruit talent, widen its product range, and invest in technology. Founded this year by Ahmed Atef, Mahmoud AlSilk and Moataz Sami, Kenzz is a mass e-commerce solution that brings reliable online shopping to the mass market in Egypt, the [...] Read more ›
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Most popular sources
Business Insider
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34% 4 |
Tech Wire Asia
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12% 5 |
CNET
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8% 2 |
TechRadar
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6% 4 |
Tom's Hardware
|
5% 2 |
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29.11.2024 04:45
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