Nigerian fintech startup Indicina, which is building API-driven credit infrastructure for Africa, has announced a US$3 million funding round to accelerate its expansion into other African markets. Founded in 2018 by Yvonne Johnson, Jacob Ayokunle and Carlos del Carpio, Indicina is building digital infrastructure to unlock economic inclusion for African consumers and businesses. Its flagship [...] Read more ›
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Egyptian startup Tactful AI, which provides a cutting-edge intelligent customer experience platform, has been acquired by Dstny, a Belgium-based business communications company. Founded by Mohamed Elmasry, Mohammad Hassan and Sherif Khairallah, Tactful is a unified customer experience platform that provides businesses with a single dashboard through which to manage, engage, augment, and understand customers’ journeys [...] Read more ›
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Nine African startups have been selected to take part in the second edition of the Norrsken Impact Accelerator, which is designed to find the world’s most promising impact startups, and help them scale. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the [...] Read more ›
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The Future Africa fund, launched in 2020 by Andela and Flutterwave co-founder Iyinoluwa Aboyeji, has invested US$1.1 million into 17 companies so far in 2022, adding 15 new ventures to its portfolio. Disrupt Africa reported in January 2020 Aboyeji had launched Future Africa alongside Olabinjo Adeniran and Adenike Sheriff. The initial aim was to build [...] Read more ›
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South African startup Rentoza, an online electronics and appliances retailer operating on a subscription-based model, has raised ZAR20 million (US$1.3 million) in funding from Khulisani Ventures, the early-stage investment vehicle of the Mineworkers Investment Company (MIC). Disrupt Africa reported last July the Johannesburg-based MIC had announced the launch of MIC Khulisani Ventures, a ZAR150 million [...] Read more ›
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Constant Ventures, a part of the Constant Group, is raising a US$100 million venture capital fund to invest across a range of technology startups in West Africa. The Constant Group was founded in 2006 and today comprises two divisions – Constant Capital and Constant Ventures – with a combined total of 40 professionals. Constant Ventures [...] Read more ›
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Five South African startups founded during the COVID-19 pandemic have gained access to a total of ZAR2.5 million (US$160,000) at the culmination of the AlphaCode Incubate programme. AlphaCode Incubate awards entrepreneurial packages to South Africa’s most promising financial services startups through AlphaCode with the support of Rand Merchant Investments. Almost 170 tech businesses initially applied [...] Read more ›
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South African startup Nooksy connects far-away family members with children through storytime, and has also built the world’s first “impact” literature children’s library. Launched in 2018, Nooksy has developed a mobile app that facilitates video calls between children and, say, far-away grandparents, and allows them to select a book to read in an online reading [...] Read more ›
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Egyptian on-demand delivery startup Gooo Delivery has closed an undisclosed pre-seed funding round as it looks to expand across the country and the wider Middle East region. Founded in 2020 by Yasser Hassan, Gooo offers point-to-point delivery services through an app that enables users to order food, medication, and groceries in several cities in Egypt, [...] Read more ›
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The Stellenbosch Network – in partnership with the Sustainability Institute and South Africa’s Department of Science and Innovation’s Regional Innovation Support Programme (RSIP), has announced the launch of its third annual #IdeasForChange Challenge. The Stellenbosch Network is a cross-sector and inter-disciplinary membership organisation that brings people together from industry, government, society, and academia with the [...] Read more ›
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Startup-focused news and research company Disrupt Africa will next week release its South African Startup Ecosystem Report 2022 in partnership with the SA SME Fund and Nedbank CIB. 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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South Africa-based international calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured US$4 million in seed funding as it prepares to launch a new pan-African payment platform in mid-2022. Co-founded in 2016 by South African venture builder Dean Hiine with [...] Read more ›
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Mauritius-based fintech startup Finclusion Group has secured 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. Finclusion Group is an Africa-focused fintech platform building out a full neobank offering for its users. The company provides earned wage access, BNPL and [...] Read more ›
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Egyptian grocery delivery startup Appetito has acquired Tunisian quick commerce platform Lamma to expand its operations into Morocco, Tunisia and West Africa. Founded in March 2020 by Shehab Mokhtar, Appetito is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfillment centres. The [...] Read more ›
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South African e-commerce platform Shopstar has secured third round funding as it begins the next phase in its strategy to scale. Founded in 2014, Shopstar is a cloud-based e-commerce platform that enables local entrepreneurs to build online stores and grow their businesses by offering easy to use, professional services. After assessing the business potential in [...] Read more ›
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Nigerian digital banking startup Grey has announced the expansion of its service to East Africa, starting with Kenya, in partnership with fintech company Cellulant. 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 offers an international [...] Read more ›
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Nigerian fintech startup Sproutly is a virtual banking app for children under the age of 17, providing digital savings products and a debit card with built-in parental control. Founded in June 2021 by Pierre Nwoke, Maxwell Agu and Prince Akachi, Sproutly provides kids with an app-based savings account and linked debit card to allow them [...] Read more ›
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Moroccan logistics and digital freight startup CloudFret has raised US$1 million in funding to help it expand further in African and European markets. Founded by Driss Jabar in 2021, CloudFret is a transport and logistics company that connects truck loaders and carriers. The platform uses artificial intelligence technology to detect empty cargo vehicles travelling between [...] Read more ›
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African agri-tech startups are invited to apply for the GoGettaz Agripreneur Prize, which aims to find Africa’s brightest young agri-food entrepreneurs and will award US$50,000 in cash to each of two winners. The GoGettaz Agripreneur Prize is searching for agribusinesses that bring technology, innovation and passion to the agriculture and food industries. Successful applicants – [...] Read more ›
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AfricInvest, a leading investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has announced the final close of its AfricInvest Fund IV with total commitments of US$411 million. Over the last 25 years, AfricInvest has raised more than US$2 billion to finance almost 200 companies at [...] Read more ›
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29.11.2024 23:34
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