Moody’s Corporation and Village Capital have launched the second edition of the Future of Work Africa accelerator programme, selecting 45 startups building for-profit, market-based solutions in education and employment that can help young people in sub-Saharan Africa better prepare for the future workplace. The Future of Work Africa accelerator provides selected companies with access to [...] Read more ›
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The Cape Town-based Skrmiish, a mobile “play-to-earn” app that enables gamers of every level to earn cash in every match they play across the AAA+ games they love, is planning on scaling across the world after securing a US$2.5 million seed round. Launched in 2021, Skrmiish has developed feature called MoneyMatch that allows players to [...] Read more ›
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Crypsense Digital Group, a Kenya-based digital assets capacity building and management platform, has been selected for the Draper VeChain Web 3 Accelerator Programme, giving it access to mentorship and support. Crypsense Digital Group is a brainchild of The Africa Blockchain Centre, one of the startups at Adanian Labs – a venture studio that aims to [...] Read more ›
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Applications have opened for the Chat for Impact Accelerator, which offers social change organisations access to US$500,000 in funding and additional support to scale their impact on WhatsApp. Enterprises focused on social change across the globe are invited to apply for the 2022 edition of the accelerator, which will provide financial assistance, mentorship and support [...] Read more ›
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Nigerian fintech startup TeamApt has completed a major round of financing that has seen it bring on board one of the world’s largest fintech specialists – QED Investors. Launched in 2015, TeamApt was formed to solve inefficiencies in Nigeria’s growing digital financial services market, and has a variety of products. The startup counts 100 per [...] Read more ›
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Egypt’s OneOrder, an online one-stop shop that provides food supplies to hotels, restaurants and cafes, has secured a EGP125 million (US$6.5 million) working capital facility from Contact Factoring, a subsidiary of Contact Financial Holding, a leading non-banking financial services company. Founded by leading Egyptian restaurateur Tamer Amer – the founder of Fuego Sushi and Longhorn [...] Read more ›
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Nigerian startup Tizeti, solar-based internet and voice service provider, is set to expand its operations within Nigeria and Ghana, and into neighbouring Ivory Coast and Togo, in addition to mulling listing its Nigerian subsidiary. Tizeti, a venture-backed alumnus of the Y Combinator and XL Africa accelerators, is an internet provider that leverages wireless large bandwidth [...] Read more ›
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Kenya’s Elloe, a conversational e-commerce startup, has acquired counterpart Flo by Saada for an undisclosed sum to help it scale operations and move into new markets. Founded by Owen Sakawa, Elloe is a first-of-its-kind AI-powered, conversational commerce platform which allows SMEs to buy and sell products online across any messaging platform. The startup raised a [...] Read more ›
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South African startup DataProphet, which uses artificial intelligence (AI) to help manufacturers autonomous their operations, has completed its US$10 million Series A round to accelerate its growth globally. DataProphet was formed in 2014 when two friends at the University of Cape Town, Frans Cronje and Daniel Schwartzkopff, decided to use their knowledge of AI to [...] Read more ›
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Kenyan startup FinAccess, which digitises Savings and Credit Cooperative Organisations (SACCOs) and farming cooperatives in the East Africa region, has raised US$500,000 in funding from Cape Town-headquartered venture capital (VC) firm HAVAÍC. Founded by CEO Barclay Paul Okari in 2017, FinAccess offers a market-leading, fully proprietary SaaS solution to SACCOs and co-ops. The company’s two [...] Read more ›
0
South African fintech company Retail Capital, which provides funding to small and medium-sized businesses, has been acquired by TymeBank, South Africa’s fastest growing digital bank, which plans to use the deal to bolster its business banking offering. Launched in 2011, Retail Capital has developed a robust risk decisioning process for small business funding products, launched [...] Read more ›
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Ugandan tourism-tech startup Tripesa has raised a pre-seed round of funding as it seeks product-market fit ahead of continental expansion. Tripesa began life as an online travel marketplace called RoundBob, which was forced to close as the tourism industry ground to a halt due to COVID-19. From the ashes, however emerged Tripesa, which is building [...] Read more ›
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Startups from Nigeria, Ghana, Ethiopia, and Tunisia are among the 20 winners of this year’s Migration Entrepreneurship Prize 2022, a programme designed for socially-driven startups with a mission to enhance the inclusion of migrants in the Middle East and Africa. In a public-private partnership between Seedstars and the Peace and Human Rights Division of the [...] Read more ›
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Nigerian startup Babymigo is providing access to expert-led health information and hyperlocal childcare services to pregnant women and parents via SMS, app and web in a bid to empower parents across Africa to raise healthy families and reduce avoidable maternal and infant mortality. Formed in 2018 by Kemi Olawoye and Adeloye Olanrewaju, Babymigo allows users [...] Read more ›
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South Africa-based accelerator Grindstone has announced the 25 companies that will be embarking on its year-long programme across cohorts in Cape Town and Johannesburg. Jointly owned by Knife Capital and Thinkroom Consulting, Grindstone Accelerator is a structured entrepreneurship development programme which assists innovation-driven companies engineer high growth. The programme prioritises access to knowledge, networks, funding [...] 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 top 50 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 [...] Read more ›
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Kenyan HR startup Crew HR &Payroll has rebranded as FaidiHR after it received an undisclosed amount of funding from SprintX, a US-based VC focused on early-stage startups. Founded in 2018, the startup now known as FaidiHR is an all-in-one cloud platform that allows small and medium enterprises in Africa to automate their HR processes. The [...] Read more ›
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LAGOS, 5 August 2022 — Youverify (“The Company”), a Lagos and San Francisco-based identity verification company helping African banks and startups automate Know Your Customer (KYC), Anti Money Laundering (AML) and other compliance procedures, today announced a special program for African startups “The YV startup programme”. The YV startup programme is a six-month support programme [...] Read more ›
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Nigerian Know-Your-Customer (KYC) startup Youverify has raised US$1 million in seed extension funding to take the total size of its round to US$2.5 million. Launched in 2018, Youverify aims to help financial services companies and mobile operators automate the verification processes of different types of data treated separately today, such as identity, academic background, home [...] Read more ›
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South African mining company Anglo American has launched an incubator programme through its enterprise development arm Zimele. The programme will assist mainly youth- and women-owned businesses in areas around the firm’s operations in the North West, Limpopo and Northern Cape provinces. The goal is to help 500 startup businesses in rural communities become sustainable and [...] Read more ›
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Tech Wire Asia
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32% 8 |
Business Insider
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24% 4 |
CNET
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6% 1 |
Android Authority
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5% 1 |
Eurogamer.net
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5% 0 |
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29.11.2024 14:37
Last update: 14:31 EDT.
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