A further three African startups have been confirmed as participants in the S22 batch of the renowned Silicon Valley-based Y Combinator accelerator, with seven of the 219 companies so far announced based on the continent. The S22 batch of the Y Combinator programme, which played a role in the early days of companies like Airbnb, [...] Read more ›
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Nigerian fintech startup Grey, which simplifies the sending and receiving of foreign payments for Africans, has raised US$2 million in seed funding to further its expansion plans. Launched in 2021 by Idorenyin Obong and Femi Aghedo, who wanted to help Nigerians easily exchange to local currency and access the foreign currencies in their accounts, Grey [...] Read more ›
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The MassChallenge accelerator, a global, non-profit network for innovators, has launched its programme in Benin, and is calling for applications from entrepreneurs. MassChallenge will work closely with local entities to support startups that are helping to bolster the country’s economy. With a particular focus on agriculture and food systems, MassChallenge is looking to bring the [...] Read more ›
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Kenya-based embedded finance fintech startup Pezesha has raised a pre-Series A investment of US$11 million to help it significantly scale operations in its core markets and grow into new ones within Sub-Saharan Africa. Founded in 2017 by Hilda Moraa, Pezesha offers a B2B digital lending infrastructure focused on providing affordable working capital to financially-excluded SMEs [...] Read more ›
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Egyptian startup Sharwa has raised a US$2 million seed funding round as it launches its mobile application, which it claims is the first social commerce app in the Middle East. Formed earlier this year by Alaa Shalaby, Hassan Elshourbagi, and Mohamed Hanafy, Sharwa offers customers low prices on around 1,000 grocery, appliances and household items, [...] Read more ›
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Applications have opened for the third edition of the Africa Startup Initiative Programme accelerator run by Startupbootcamp AfriTech, which is welcoming Dutch development bank FMO as a key partner. Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator. Disrupt Africa reported in March of last year it had partnered telecoms [...] Read more ›
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Founded by a South African, headquartered in London, and operating globally, Luno is a global cryptocurrency platform that earlier this year launched investment arm Luno Expeditions, which will back early-stage fintech and crypto entrepreneurs and plans to make between 200 and 300 investments per year. Luno makes it safe and easy to buy, store and [...] Read more ›
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Founded by a South African, headquartered in London, and operating globally, Luno is a global cryptocurrency platform that earlier this year launched investment arm Luno Expeditions, which will back early-stage fintech and crypto entrepreneurs and plans to make between 200 and 300 investments per year. Luno makes it safe and easy to buy, store and [...] Read more ›
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Egyptian subscription and recurring revenue management platform SubsBase has raised a US$2.4 million seed round of funding to accelerate product development and support its expansion across the MENA region. Founded in 2020 by Mohamed M. Farag and Sherif Aziz, SubsBase is a cloud-based subscription, recurring revenue, and billing management platform that helps businesses with collection, [...] Read more ›
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The pan-African Ecobank Group has launched the 2022 edition of its Fintech Challenge, with US$50,000 in prize money up for grabs. 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 mature [...] Read more ›
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Nigerian music-tech startup Boomkit, a digital distribution and career management app for independent African artists, has built a user base of 10,000 and has plans for continental expansion. Launched last year, Boomkit is building an ecosystem where artists can manage, produce, distribute and monetise their music, while maintaining 100 per cent ownership of their crafts. [...] Read more ›
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Egyptian ed-tech startup OBM has raised a six-figure US dollar round of funding from EdVentures to fuel its growth. Founded in 2020 by Omar El-Barbary and Ezz El-Din Farag, OBM helps pre-university students choose their college majors and provides them with access to career advice and training programmes. The funding from EdVentures, which has been [...] Read more ›
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Nigeria’s Edo State has launched an agriculture-focused digital innovation hub aimed at creating an ecosystem to promote digital transformation, innovation and climate smart agriculture in the state. The Edo Agri Digital Innovation Hub will be coordinated by the Edo State Skills Development Agency and Songhai Labs, but will also involve farmers organisations, startup ecosystems, financial [...] Read more ›
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Startup-focused news and research company Disrupt Africa will next month release its Nigerian Startup Ecosystem Report 2022, providing readers with a deep-dive into the country’s tech startup landscape. Since launching its research arm in 2016, Disrupt Africa has built up a significant portfolio of publications, most notably the African Tech Startups Funding Report and Finnovating [...] Read more ›
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Kenyan startup Roam, previously Opibus, has launched a new electric mass transit bus, the Roam Rapid, which is specifically designed to address the unique challenges of public transport in Nairobi and Africa as a whole. Founded in 2017, and rebranded earlier this year, Roam is the leading provider of electric vehicles designed and manufactured locally. [...] Read more ›
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The Africa’s Business Heroes (ABH) competition, a flagship philanthropic programme established by the Jack Ma Foundation to spotlight and support African entrepreneurs, has announced the 20 finalists for its 2022 edition. The Africa’s Business Heroes prize competition is aimed at supporting and inspiring the next generation of African entrepreneurs across all sectors who are building [...] Read more ›
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Egypt’s ArabyAds, the leading ad-tech company in the MENA region, has raised US$30 million in Pre-Series B funding round to expand its footprint regionally and globally. Founded in 2013 in Egypt, with headquarters in the UAE and tech hubs across Egypt, Tunisia and Jordan, ArabyAds helps advertisers in customer acquisition, retention, and monetisation by leveraging [...] Read more ›
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Kenyan startup Bimaleo has launched a platform offering private and commercial drivers access to real-time, personalised auto insurance policies. Formed in late 2020 by Shreyas Patel and George Richard, Bimaleo spent over a year developing its platform and building relationships with partners, and is now live to onboard customers. Patel said the team had more [...] Read more ›
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The newly-launched DigiFemmes Entrepreneurs programme aims to empower Ivory Coast-based female entrepreneurs with data and digital skills to help grow their businesses. DigiFemmes Entrepreneurs is a track from the DigiFemmes programme, which supports existing women-led small and medium enterprises (W-SMEs) in their growth journeys, creates a robust pipeline of new W-SMEs, and works with ecosystem [...] Read more ›
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South African agri-tech startup Desert Green is developing mobile solutions to improve the informal agricultural value chain across Africa. Formed in 2016, Desert Green started out with the intention to build a crop nutrition platform to help small-scale farmers improve their yields and quality in order to supply larger retailers with guaranteed demands. “After securing [...] Read more ›
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Most popular sources
Tech Wire Asia
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30% 7 |
Business Insider
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23% 6 |
CNET
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5% 1 |
The Verge
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5% 1 |
Eurogamer.net
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4% 0 |
| View sources » | |
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29.11.2024 12:45
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