Nigerian startups are more likely to undergo some form of incubation or acceleration than those from any other African country, with almost half the country’s startups having taken part in some kind of programme. That is according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa, which utilises [...] Read more ›
9
South African startup SweepSouth, an online home services platform with presence across Africa, has raised US$11m million in funding as it plots continued expansion and growth. Co-founded in 2014 by Aisha Pandor and Alen Ribic, SweepSouth is an online platform providing on-demand home cleaning services, operating across various South African cities as well as in [...] Read more ›
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South African food app FOMO, which connects users with specials at restaurants or events, has partnered Google to allow users to book instantly and efficiently directly through Google Search, Maps and Assistant. Co-founders Ryan and Jax Marx – who previously launched price comparison platforms CompareGuru and MoneyPanda – birthed the idea for the FOMO app [...] Read more ›
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Nigerian startup Vendease, a digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised US$30 million in an equity and debt funding round to consolidate its growth in Nigeria and Ghana, and to support its expansion across the continent. Founded in January 2020 by Tunde [...] Read more ›
0
Nigerian investtech startup ComiBlock has secured an undisclosed amount of funding from Expert Dojo, a California-based growth accelerator, to help it scale. Launched in February 2021, ComiBlock is a goal-based investing crypto robo-advisor that gives anyone with a smartphone access to planning tools, advice, curated and thematic crypto-portfolios. Since its launch, the ComiBlock platform has [...] Read more ›
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Nigerian startup Tix Africa, a self-service ticketing platform for event creators, has launched Box Office, a no-code website builder that allows event creators to build a home for all their events. Launched in 2019 as Festival Coins, Tix Africa is an event technology platform that helps event organisers harness granular data from attendees, reducing costs [...] Read more ›
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Pan-African cryptocurrency exchange Yellow Card Financial has announced the close of its US$40 million Series B funding round, which will enable the company to drive exponential business growth, continue its expansion across the continent, develop new products, and advance strategic partnerships. Since launching in Nigeria in 2019, Yellow Card has sought to make Bitcoin, Ethereum, [...] Read more ›
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Egyptian startup Exits.me, a fintech investment banking marketplace, has raisedUS $1 million in a pre-seed funding round as it plans continued growth. Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban and Ayman El Tanbouly, Exits.me aims to facilitate M&As and investments in companies by offering a seamless and fully integrated online solution on its [...] Read more ›
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Cape Town startups have been invited to sign up to Bootcamp to Boardroom’s nine-month entrepreneurship programme, now running for a second year. Bootcamp to Boardroom is designed to guide and support young start-ups and is run in conjunction with top business owners in Cape Town and supported by the Entrepreneurs’ Organization (EO) and Over The [...] Read more ›
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Kenyan startup Solutech is a field salesforce and route-to-market automation company that has established a presence in eight countries on the continent. Formed in 2014 by four founders, Solutech now has a team of 30 and a product used by more than 6,000 people. The startup’s platform helps field sales teams sell more, and do [...] Read more ›
0
South African startup LocumBase, an independent online medical booking platform, has secured undisclosed funding round from Grindstone Ventures as it readies for exponential growth. Founded in 2016 by Zulé Vuuren, LocumBase connects freelance medical professionals and practices in South Africa to ease the locum-finding process. “As a practice owner or primary practitioner you need to [...] Read more ›
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Lack of access to funding is the most prominent challenge female entrepreneurs face across Sub-Saharan Africa, according to research from Bayer Foundation. The aim of Bayer Foundation is to catalyse advances in science and social innovation for a world with “health for all and hunger for none” by empowering female entrepreneurs to scale their innovations [...] Read more ›
3
Fads and trends come and go in African – and global – tech, but the steady rise of “buy now, pay later” (BNPL) on the continent looks set to continue for some time to come. When Disrupt Africa released the first edition of its Finnovating for Africa report back in 2017, BNPL – a type [...] Read more ›
9
Nigeria-based crypto startup Yellow Card has hit the one million user mark within three years of its launch, with uptake across 16 African markets. Formed in 2018 and launched in Nigeria in 2019, Yellow Card makes it easy for anyone, anywhere in Africa, to buy cryptocurrencies like Bitcoin, Ethereum and USDT Stablecoin using cash, mobile [...] Read more ›
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Six African agri-tech innovators have been named winners of the eighth edition of Pitch AgriHack, securing a share of US$45,000 to invest in the growth of their ventures. The 2022 Pitch AgriHack saw a 30 per cent increase in completed applications, with entries rolling in from 37 African countries. The winners hailed from all four [...] Read more ›
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Nigerian startup Remedial Health, which develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised US$4.4 million in seed funding to accelerate its expansion across Nigeria and to provide access to credit for inventory purchases for its growing customer base of neighbourhood pharmacies. Launched in 2020 by Samuel Okwuada and Victor Benjamin, Remedial [...] Read more ›
8
Kenyan startup Araka has launched a super app that seeks to solve challenges faced by on-demand mobility and logistics drivers. Founded in November 2021 by CEO Mark Pascal alongside Drake Smith, Michael Kariamu and Emmanuel Maingi, Araka is a fintech, logistics and mobility platform that helps digital economy drivers own their vehicles for less, access [...] Read more ›
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The German Agency for International Cooperation (GIZ) has partnered GSMA Mobile for Development to create a Mobile Innovation Hub that will foster the development of mobile digital solutions and promoting the platform economy across various sectors. Together with the Tunisian government and the local digital ecosystem, GIZ and the GSMA will collaborate on the development [...] Read more ›
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Nigerian startup Edusko has developed an education marketplace that matches families with K-12 private schools and supports them with low-interest funding to provide their children with quality education regardless of their economic status. Founded by Jide Ayegbusi and Bukola Owobello in 2016 as a school listing platform, Edusko pivoted into a full-fledged education marketplace in [...] Read more ›
41
Egyptian beauty e-commerce platform Source Beauty has sold a majority stake to the Egyptian Company for Cosmetics (ECC), one of the leading beauty and personal care manufacturers in the country. Launched in 2018, Source Beauty is a women-led one-stop-shop with over 85 local and international beauty brands and 60,000 users. The marketplace provides customers with [...] Read more ›
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Most popular sources
Business Insider
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35% 8 |
CNET
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11% 4 |
TechRadar
|
7% 5 |
The Verge
|
7% 2 |
Gizmodo
|
6% 2 |
| View sources » | |
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29.11.2024 09:34
Last update: 09:26 EDT.
News rating updated: 16:21.
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