Kenyan insurtech startup mTek has secured US$3 million in funding from the Mauritius-based Finclusion Group to help it expand across the East Africa region. Launched in 2020, mTek is a digital platform that provides an entirely paperless ecosystem for the insurance industry, and allows customers to purchase insurance directly from the insurer, compare insurance policies [...] Read more ›
2
Egyptian startup Boyot, which offers an end-to-end operating system for payments and financial services focusing exclusively on the real estate market, has raised a six-figure pre-seed round of funding as it prepares to expand into Kuwait. Founded in 2020 by Mahmoud El Sabongy, Khaled El Refaay and Mohamed Sayed, Boyot enables real estate firms to [...] Read more ›
9
Applications have opened for the second edition of the Startup Wise Guys accelerator, which offers selected B2B Saas startups access to EUR65,000 (US$71,000) in funding, as well as an intensive five months of mentorship. Founded in Tallinn, Estonia in 2012, Startup Wise Guys manages SaaS accelerator programmes out of Milan as well as cybersecurity programmes [...] Read more ›
2
Nigerian startup Rural Farmers Hub is helping farmers, corporates and industries to make better agribusiness decisions through data-driven and precision advisory services on improving crop yield and market linkages, focused on post-insurgency areas. Founded in 2018 by Segun Adegun and Gabriel Eze, Rural Farmers Hub has developed a product called Capture, which has been used [...] Read more ›
0
Nigerian “buy now, pay later” (BNPL) startup CredPal has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund that invests in early-stage startups in the Middle East and Africa. Launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal is a consumer credit platform that gives buyers the freedom to buy [...] Read more ›
2
South African ed-tech company Snapplify has launched its Teacha! brand in East Africa, making thousands of teaching resources immediately available to teachers. Snapplify provides a marketplace for digital education content, related educational services and devices, offering e-learning solutions to over thousands of schools, colleges and universities, and hundreds of thousands of students. Using the Teacha! [...] Read more ›
18
With a background in engineering, consulting and investing, V8 Capital Partners founding partner Tobi Oke has been investing in African startups since 2013. Having started out as a software engineer at Motorola, Oke then moved into management consulting with Booz Allen, before finally winding up in African VC with Intel Capital. “I started investing in [...] Read more ›
20
Egyptian petcare-at-home platform Vetwork has secured a bridge round of funding to help it expand. Founded by Fady Azzouny and Adam Hafez, Vetwork connects pet owners with “vetted” petcare service providers in a timely manner and conveniently. Pet owners can access service providers such as groomers, vets, dog walkers, dog trainers, and boarding facilities, all [...] Read more ›
7
Nigerian auto-tech startup Autochek has partnered Kenyan fintech Pezesha to enable SMEs in Kenya to access asset financing. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, starting with Nigeria and Ghana. It plans to use technology to transform the automotive buying and selling [...] Read more ›
0
Egyptian startup Fatura, which connects wholesalers and manufacturers with retailers across different industries, has been acquired by Tanmeyah for Microfinance Services, a wholly-owned subsidiary of EFG Hermes Holding and Egypt’s leading provider of microfinance solutions. Founded in 2019 by Hossam Ali, Ahmed Anwar and AbdAllah Mohebeldin, who were later joined by Ahmed Al Bakary, Fatura [...] Read more ›
27
Kenya’s Jumba, a tech startup working to rationalise the construction supply chain in Africa, has raised a US$1 million pre-seed funding round to build a digital business-to-business platform for the predominantly offline construction sector. Launched in April, Jumba creates efficiencies in the construction materials supply chain by connecting manufacturers to hardware stores. Hardware store owners [...] Read more ›
14
The second India Africa Entrepreneurship Forum (IAEF), which aims to connect the Indian and African entrepreneurial ecosystems, will take place on July 1-2 in Nairobi, Kenya. The first edition of the IAEF took place in Mauritius in September 2019, with participants from 23 countries in Africa, featuring pre-eminent investors in India and Africa as well [...] Read more ›
2
Ghanaian startup eCampus claims to “puts the classroom in your palm”, providing a mobile and web application that gives learners 24/7 access to teaching notes, podcasts, video lessons, audiobooks, tests and a topic-based discussion forum. eCampus is designed to provide in-depth analysis and intelligence to learners to make them better prepared to take examinations, while [...] Read more ›
0
Amber Group, a leading global digital asset platform, today announced its acquisition of Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents a significant milestone for Amber Group, as it continues to strengthen its product portfolio to bridge the gap between traditional and [...] Read more ›
45
Egyptian fintech startup ADVA has raised an undisclosed six-digit US dollar seed funding round to help it expand its offering. Founded in 2020 by Rania Gaafar, ADVA is a consumer lending platform that allows customers to pay for a wide variety of services and products in installments. The startup has now raised a six-figure seed [...] Read more ›
0
Ten Kenyan startups have been selected to take part in the Wazo Challenge run by Hindsight Ventures, where they will compete for a cash grant of US$10,000 and other perks. This is the third time Hindsight Ventures has run the Wazo Challenge, and the first time it is happening in Kenya. Aimed at Kenyan entrepreneurs [...] Read more ›
21
Egyptian digital logistics startup Khazenly has raised a US$2.5 million seed funding round to drive product development and quadruple its facilities. Founded in mid-2021 by Mohamed Younes, Osama Aljammali, Mohamed Montasser, and Ahmed Dewidar, Khazenly has developed a one-stop-shop solution for the full spectrum of fulfilment services, from warehousing, to cross-docking, transportation, delivery, and cash [...] Read more ›
23
Egyptian startup DXwand, an omnichannel conversational AI and digital assistant tool, has closed a pre-Series A funding round of US$1 million to expand across the region and accelerate its AI research. DXwand has built a Conversational AI application that easily helps businesses turn conversations into growth insights, responding to conversations with a contextual and personalised [...] Read more ›
0
Nigeria’s Co-Creation Hub (CcHub) has launched the Circular Plastic Economy Innovation Hub (CPIEHub) in an effort to foster the culture of innovation, in universities, in the circular plastic economy sector. Launched in partnership with Pan African University Life and Earth Sciences Institute (PAULESI) and De Montfort University Leicester (DMU), CPIEHub seeks to partner with major [...] Read more ›
0
Nigerian startup Losode is an online marketplace that connects consumers with fashion businesses, empowering entrepreneurs with business growth tools that make it easier for them to scale their businesses and maximise sale opportunities. Launched by Aderonke Ajose-Adeyemi in 2020, having been run as a side project before that, Losode says it is building the digital [...] Read more ›
0
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29.11.2024 21:50
Last update: 21:25 EDT.
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