Kenyan agency banking as a service provider Tanda is raising an ongoing pre-Series A round of funding to accelerate product development and customer acquisition in Kenya and beyond. Founded in 2018, Tanda allows shop owners to access inventory on credit, and also become access points for essential services such as airtime, utility payments, banking and [...] Read more ›
5
Algebra Ventures, Egypt’s leading venture capital firm, has finalised a US$100 million first close of its second Egypt-dedicated fund, exceeding its US$90 million target. Formed in 2016, Algebra Ventures provides startups with multi-stage capital, assisting with strategy and operations as well as helping build star teams. The firm has backed startups including Trella, Khazna, Mozare3, [...] Read more ›
6
Fintech is the leading sub-sector of the Nigerian startup space, both in terms of levels of activity and amounts of funding secured. That is according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa, which utilises Disrupt Africa’s datasets, expertise and networks to document what startups are doing [...] Read more ›
3
Egyptian gaming and sports-tech startup InGame Sports has raised over US$1 million in cash, in-kind resources, and grants in a pre-seed round to help it expand internationally and launch new products. InGame Sports is a first-of-its-kind gamified platform that provides football fans with the chance to predict scores and earn exciting prizes. The startup’s pre-seed [...] Read more ›
9
South African crowd-farming startup Livestock Wealth has raised ZAR10 million (US$550,000) in funding as it plans pan-African expansion. Formed in 2015, Livestock Wealth helps clients invest in tangible, growing agricultural assets such as cattle-breeding, free-range oxen, organic garden tunnels and macadamia trees via its platform. Through connecting its network of small-scale partner farmers to online [...] Read more ›
0
Ghanaian logistics startup Swiftly has bootstrapped its way to a solid market presence in its home market since its launch, but is now seeking capital to help it expand internationally. Founded in 2016, Swiftly allows users to compare quotes from its network of freight forwarders, make bookings, and receive expert customs and regulatory advice. It [...] Read more ›
0
Nigerian prop-tech startup Spleet has closed a US$2.6 million seed round to scale its residential rent focused products. Founded by Tola Adesanmi in 2018 from the need to find rentals with flexible payment options in Lagos as opposed to the usual one or two year upfront payment options, Spleet allows homeowners to rent to vetted [...] Read more ›
2
Six impact-driven Ghanaian startups have been selected to take part in MEST Express accelerator’s first-ever cohort focused on sustainability, banking US$5,000 in grant funding and other types of support. MEST Express is one of three programmes, alongside Pre-MEST and MEST Scale, that MEST is running in partnership with the Mastercard Foundation. The 20-week accelerator programme [...] Read more ›
0
South African international calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured an additional US$3 million in seed round funding, taking its total seed round to US$7 million after its first closing in May. Co-founded in 2016 by South African [...] Read more ›
3
The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of four 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 has [...] Read more ›
62
South Africa’s Grindstone Accelerator has partnered Naspers Labs to launch GrindstoneX, a new all-female accelerator programme designed to make women-led startups more investible, scalable, and exit-ready. Founded in 2014 and co-owned by Knife Capital and Thinkroom, Grindstone focuses on assisting high-growth, innovation-driven companies to enable scale in their businesses. Naspers Labs, meanwhile, is the youth [...] Read more ›
0
Nigerian startup OnePort 365 is a digital freight forwarding platform that makes it easier to move cargo to, from and within Africa. Formed in 2019, OnePort 365 has developed a freight forwarding platform that enables traders to efficiently and conveniently move cargo, providing complete transparency, visibility and control, minimising cost inefficiencies and eliminating time and [...] Read more ›
0
Egyptian startup Mazaya, a B2B e-commerce marketplace that focuses on electronics, has raised a US$5 million pre-seed funding round to scale its operations in Egypt and expand into new markets and verticals. Founded in December 2021, Mazaya empowers retailers and merchants of electronic goods and home appliances by enabling them to efficiently procure inventory for [...] Read more ›
15
Ghanaian agri-tech startup Farmerline has raised a further US$1.5 million in pre-Series A funding to close out its round at US$14.4 million. Launched in 2013 by Alloysius Attah and Emmanuel Owusu Addai, Farmerline partners with agribusinesses and farm associations to support African farmers with high-quality fertiliser and seeds, free education on climate-smart farming practices, and [...] Read more ›
0
Ugandan fintech startup Numida, which uses proprietary credit models and tech-enabled underwriting processes to provide unsecured working capital loans to African micro and small businesses (MSBs), has raised a US$12.3 million pre-Series A round of equity and debt funding to help it expand its team and move into new markets. Launched by Mina Shahid, Catherine [...] Read more ›
0
Egyptian B2B trucking marketplace Trella has secured a significant debt facility from Contact Financial Holding, the leading Egyptian non-banking financial services company, to expand its business in a number of ways. Founded in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time. Active across the Middle East and [...] Read more ›
10
Thirty African e-health startups have been selected to take part in the pan-African Investing in Innovation (i3) programme, securing a US$50,000 grant and access to market opportunities to catalyse growth-driven partnerships with donors, industry and institutional stakeholders. Disrupt Africa reported in June on the launch of the i3 programme, funded by the Bill & Melinda [...] Read more ›
24
Cape Town-based digital identity startup iiDENTIFii has raised US$15 million in growth capital to fuel its expansion across Africa. iiDENTIFii has developed advanced face authentication technology that safely authenticates users via their cell phones or PCs within seconds. The startup operates across several industry verticals and is used by the largest pan-African banks, insurers and [...] Read more ›
66
Standard Bank and the SA SME Fund have joined other investors in backing South African venture capital firm Knife Capital’s new US$50 million African Series B expansion fund Knife Fund III, which has reached its second close. Knife Capital is a venture capital and growth equity investment manager focusing on innovation-driven ventures with proven traction. [...] Read more ›
0
Kenyan agri-circularity startups have been invited to apply to take part in the second edition of the O-Farms accelerator programme, which will award two peer-selected companies with milestone-based grant funding of up to EUR25,000 (US$24,000). Led by Bopinc and Village Capital, and implemented by E4Impact Accelerator, O-Farms was launched in 2021 as Africa’s first accelerator [...] Read more ›
30
Most popular sources
Business Insider
|
36% 8 |
CNET
|
10% 4 |
The Verge
|
7% 3 |
Gizmodo
|
7% 2 |
TechRadar
|
7% 4 |
| View sources » | |
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29.11.2024 09:51
Last update: 09:46 EDT.
News rating updated: 16:42.
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