Moroccan retail-tech startup WafR, which helps retail brands to deliver promotions to grocers, has closed a seed round worth US$1.075 million as it bids to expand its operations and grow its team. Founded in 2021, WafR is an app that enables retail brands to broadcast and deliver smart promotions to grocers in order to increase [...] Read more ›
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We are excited to announce that we hit yet another milestone this quarter. We have raised a US$330,000 pre-seed fund. The round was backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors. It is a thrilling moment for us as this gives us an excellent opportunity to expand our [...] Read more ›
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Applications have opened for the ARM Labs Lagos Techstars accelerator, which will reward selected fintech and prop-tech startups with access 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 Labs, [...] Read more ›
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Early-stage VC firm Launch Africa Ventures has made its 100th investment, making it probably the most active investor in African tech startups, and closed its first fund at US$36.3 million. Launched in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor also on the board, Launch Africa Ventures closed its its [...] Read more ›
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Corporate News Announced the partnership with Chelsea Football Club as Official Sleeve Partner, with the logo of WhaleFin to be emblazoned across the kit of both the men’s and women’s teams from the 2022/23 season. Joined the Travel Rule Universal Solution Technology (TRUST) coalition to comply with the Travel Rule while protecting the security and [...] Read more ›
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Egyptian insurtech startup Nice Deer has raised a US$1 million pre-seed round of funding to help it provide health insurance services to SMEs. Founded earlier this year, Nice Deer aims to bridge the gap between health care providers, health insurance companies, and beneficiaries by facilitating insurance and repayment of insurance claims. The startup uses a [...] Read more ›
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The Corporate Venture Capital (CVC) funds of Toyota Tsusho and CFAO Group, in partnership with Bond’innov, have launched the Digital Transformation Challenge, open to growth-stage startups and offering innovative services in the sectors of mobility and health in Africa. The two CVC funds of Toyota Tsusho and CFAO Group – Mobility54 and Health54 – are [...] Read more ›
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Moroccan retail-tech startup Chari has begun its expansion into Sub-Saharan Africa with the acquisition of the Ivory-Coast based app Diago. Founded in 2020 by husband and wife team Ismael and Sophia Belkhayat, Chari allows traditional proximity store owners in Morocco to order products and have them delivered. It works with more than 50 per cent [...] Read more ›
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Mauritius-based payments technology company VantagePay has announced that Crossfin Holdings has acquired a “meaningful stake” in the business for an undisclosed sum. VantagePay, previously ZappGroup Africa Limited and V2 Limited, was established in 2018 with a goal to provide leading payment and technology services across Africa. Headquartered in Mauritius, with offices in South Africa, Ghana, [...] Read more ›
5
Binance Labs, the venture capital and incubation arm of US-based cryptocurrency exchange Binance, has closed a US$500 million investment fund to back projects that can expand crypto use cases and drive the adoption of Web 3 and blockchain technologies. Since 2018, Binance Labs has invested in and incubated more than 100 projects from over 25 [...] Read more ›
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Tunisian ed-tech startup GoMyCode has raised a US$8 million Series A funding round to drive its expansion plans across Africa and the Middle East. Founded in 2017, GoMyCode started life as a coding school but now offers different types of training programmes for technology and digital jobs. The startup uses a blended model comprising offline [...] Read more ›
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The Central Bank of Nigeria (CBN) has granted an Approval in Principle (AIP) to fintech platform Fincra to operate as a Payment Solution Service Provider (PSSP) across the country. In its commitment to promote strong and credible payment systems, CBN, in December 2020, approved new licence categorisations in line with the new and existing market [...] Read more ›
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The Japan International Cooperation Agency (JICA) Nigeria Office in partnership with Nikkei Inc. (the world’s largest financial newspaper company) is organizing a virtual conference and pitch event on July 4th 2022, starting 8:30 am to 11:00 am (WAT). The aim of the event is to strengthen the ties between Japan and African countries. The theme [...] Read more ›
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Santam, South Africa’s leading short-term insurer, has increased its interest in local insurtech startup JaSure by acquiring the remaining 49 per cent shareholding, in a bid to enhance its digital offering. JaSure offers digital insurance to clients, effectively empowering them to choose what they want to insure and when to do so. Its app allows [...] Read more ›
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Startup support organisation Draper Startup House has continued its expansion across Southern Africa by opening locations in Malawi and Namibia. Founded in Singapore in 2018 by Vikram Bharati as Tribe Theory, a hostel concept for digital nomads, Draper Startup House (DSH) has grown into a global network of spaces connected to services, education, and investment. [...] Read more ›
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South African investment app Franc has raised ZAR8 million (US$522,000) in a seed extension round, and announced a B2B offering that enables quick and easy adoption of savings and investment products by partner businesses. Launched in 2017 by Sebastian Patel and Thomas Brennan, who were frustrated by the complexity and high barrier to entry of [...] Read more ›
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South Africa is well-established as one of the continent’s “big four” startup ecosystems, and leads the way for exits, with more than one-third of the acquisitions that have taken place across the African tech space since 2015 involving South African companies. That is according to the South African Startup Ecosystem Report 2022, released today by [...] Read more ›
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Nigeria’s ShopEX, a multi-channel retail business and exclusive distributor of some of the world’s most successful “As Seen On TV” products has raised a US$635,000 pre-seed funding round to continue growing its team, brand, and operations, and to expand into new markets.  Founded in 2018 by Isi Abebe, ShopEX is on a mission to bring [...] Read more ›
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GreenHouse Capital and Microsoft have announced the 13 startups from across East and West Africa selected to participate in the Scaleup Accelerator Programme. Microsoft and GreenHouse Labs partnered earlier this year to launch an accelerator programme targeted at startups at the pre-Series A stage looking to launch into new markets. The six-week programme aims to [...] Read more ›
0
South Africa is well-established as one of the continent’s “big four” startup ecosystems, and leads the way for exits, with more than one-third of the acquisitions that have taken place across the African tech space since 2015 involving South African companies. That is according to the South African Startup Ecosystem Report 2022, released today by [...] Read more ›
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Tech Wire Asia
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26% 10 |
Business Insider
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25% 9 |
Android Authority
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5% 1 |
Eurogamer.net
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5% 1 |
Gizmodo
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5% 2 |
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29.11.2024 21:52
Last update: 21:25 EDT.
News rating updated: 04:40.
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