Africa, like the rest of the world, is going through a VC funding “winter”, with a capital crunch threatening the survival of many leading startups. But Erick Yong, from Africa-focused investor GreenTec Capital Partners and the Zeitec Investment Office, remains bullish on the African tech space in spite of current challenges. “The macro dynamics are [...] Read more ›
9
Egyptian startup Chefaa, a patient-centric pharmacy benefits platform, has raised US$5.25 million in funding to accelerate its growth and fuel expansion in Saudi Arabia. Founded in 2017 by Dr Doaa Aref and Dr Rasha Rady, Chefaa allows users to easily order, schedule, and refill recurring non-insured and insured prescriptions, while also offering various services for [...] Read more ›
2
South African startup iiDENTIFii is on a mission to enable financial inclusion and safeguard businesses and their customers from the financial and emotional trauma caused by identity theft. Founded five years ago by Gur Geva, Lance Fanaroff, Murray Collyer, and Marco Wagener, iiDENTIFii has developed advanced face authentication technology that safely authenticates users via their [...] Read more ›
2
The year 2023 has been a launchpad for innovation and growth in the world of cryptocurrency. As we approach the exciting frontier of 2024, a surge of anticipation courses through the digital veins of the market. Emerging from the dynamic developments of this year, a new generation of cryptocurrencies is occupying center stage, fueled by [...] Read more ›
0
Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale. Founded by CEO Diana Owusu-Kyereko in 2021, MAKA is an interactive social commerce platform which, through live try-on hauls, reviews, and user-generated content from both creators and [...] Read more ›
39
Kenya’s BlackRhino VR, an extended reality (XR) tech company, has launched an augmented reality (AR) platform designed to empower content creators within the creative economy to rapidly build and publish AR content. BlackRhino is leverages XR knowledge to expand opportunities for significant socio-economic and cultural growth among the youth that will help create jobs, reduce [...] Read more ›
15
Venture capital funding has declined significantly across the world in 2023, and though there were initial hopes that the nascency of the African tech ecosystem might mean it avoided too much damage, the growing size of the continent’s “startup graveyard” suggests that is not the case. Venture capital funding globally almost halved in the first [...] Read more ›
8
Meme coins make the crypto community buzz. With their hype on social media and the excitement they generate in their legions of fans and crypto enthusiasts, meme tokens have been amongst the crypto tokens which have propelled to new heights in recent months and years. Amidst this unpredictable crypto landscape, ApeMax, a young and intriguing [...] Read more ›
11
Twelve startups have been selected for the second edition of the ARM Labs Lagos Techstars Accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customised programming for early-stage entrepreneurs, in partnership with ARM [...] Read more ›
3
The GSMA has announced the launch of its newest GSMA Innovation Fund, in partnership with the UK Foreign, Commonwealth and Development Office (FCDO), to address humanitarian challenges.  Through its GSMA Innovation Fund, the GSMA has distributed over GBP5 million (US$6.3 million) to startups, SMEs and social enterprises since 2017. Its latest fund, the GSMA Humanitarian [...] Read more ›
0
The South Africa-based E4E Africa, an entrepreneur-driven venture capital fund, has announced the first close of its US$30 million E4E Africa Fund II. Launched in July 2020 with backing from the SA SME Fund, E4E Africa made 11 investments from its first fund, in startups such as insurtech Pineapple, home-services platform SweepSouth, and digital marketplace [...] Read more ›
18
In the big world of cryptocurrencies, where giants like Bitcoin and Ethereum dominate the market with their high prices, there is also a plethora of digital coins priced under $1 that might just be the thing you’re looking for or keen to explore. These affordable tokens present an enticing opportunity for holders to diversify their [...] Read more ›
2
Ghanaian startup Orado has launched a platform that offers on-demand, on-site massages to corporate professionals, helping them increase productivity. Founded in June, Orado partners with licensed massage therapists and service providers to offer on-demand massage services, and also operates a chain of massage studios for walk-in clients. “We bring all our equipment to your office, [...] Read more ›
0
Applications are open for the latest edition of the Anzisha Prize, which this year is focused on green entrepreneurs combining innovation and sustainability. The Anzisha Prize seeks to increase the number of job generative entrepreneurs fundamentally and significantly in Africa. The initiative believes that a key to doing so is to evaluate, implement and then [...] Read more ›
71
Egypt’s WayUp Sports is an e-commerce platform specialised in performance-based sports gear – so far, so normal, until you discover its founded by three siblings and is already set for international expansion after banking funding. Founded in 2021 by siblings Omar, Mohamed and Basma Afif, WayUp Sports aims to meet the demand for diverse specialised [...] Read more ›
12
WIC Capital, a local capital provider investing in Senegal and Ivory Coast that focuses on financing women-owned and managed micro, small and medium enterprises (MSMEs), has secured a US$1 million loan from the FSDAi Nyala Facility BV to expand its impact. Led by Evelyne Dioh Simpa, WIC Capital was established by the Women’s Investment Club [...] Read more ›
0
Kenyan startup Tukio has launched a safari-booking platform that enables safari lodges, transportation providers and activity organisers to publish and sell their services directly and transparently to travellers. Founded by Natalia Cubillos and Marina Cangelaris in September, Tukio offers a seamless and informed booking experience to every traveller, allowing them to select all components of [...] Read more ›
5
Nigerian startup Primed E-Health says it is having tangible impact in terms of healthcare outcomes from its automation of hospitals via a Software-as-a-Service (SaaS) solution. Founded in May 2021 by Dr Are Abdulhafiz and Esther Anammah, Primed E-Health digitise small and large scale hospitals, clinics, and specialist practices in Africa using a simple, user-friendly, hospital-based [...] Read more ›
2
South African crypto asset investment platforms Revix and BitFund have partnered Austria’s Coinpanion to form a first-of-its-kind alternative investment platform called Altify. Altify aims to empower people to grow their wealth outside of the stock market through a diverse range of alternative investment opportunities, which include asset classes such as private credit, venture capital, real [...] Read more ›
0
Three Egyptian startups have been awarded US$10,000 each after finishing in the top three of the She’s Next competition run by Visa and Commercial International Bank (CIB). She’s Next is part of Visa’s efforts to support the digitalisation of women-owned businesses, and in partnership with CIB the competition received over 4,000 applications from across Egypt. [...] Read more ›
2
Most popular sources
Business Insider
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21% 12 |
Wired
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9% 5 |
The Verge
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9% 3 |
Tech Wire Asia
|
7% 3 |
Android Authority
|
7% 4 |
| View sources » | |
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27.11.2024 05:23
Last update: 05:16 EDT.
News rating updated: 12:11.
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