Nigerian gig economy fintech startup ImaliPay has raised a US$3 million seed round to deepen its financial services infrastructure across Kenya, Nigeria, and South Africa. Co-founded in 2020 by Tatenda Furusa and Sanmi Akinmusire, ImaliPay offers both new and existing gig workers or freelancers the ability to seamlessly save their income and receive in-kind loans [...] Read more ›
18
Users of Nigerian fintech startup Lemonade Finance can now send money to Senegal, Ivory Coast, Benin, Cameroon, Tanzania, Rwanda and Uganda. Founded in 2020 by Ridwan Olalere and Rian Cochran and a participant in Y Combinator’s W21 batch last year, Lemonade Finance allows Africans abroad to send and receive money from their home countries in [...] Read more ›
44
Disrupt Africa has partnered Quona Capital, 10X Entrepreneur, Catalyst Fund, and Knife Capital, to put together a four-part podcast series on the African venture capital space – how it works, what its dynamics are, and what is happening in the sector. Available across every podcasting platform, the fortnightly Disrupt Podcast helps keep listeners in the [...] Read more ›
3
Nigerian on-demand delivery startup ShapShap has secured a seed extension investment from V8 Capital Partners as it bids to expand its capabilities and move into more markets. Founded in 2019, ShapShap is an on-demand motorbike delivery service that utilises data and mobile technology to formalise the fragmented and highly inefficient same-day delivery service. So far, [...] Read more ›
12
Ghanaian startups are invited to apply for the BetaRaise programme, designed to help first-time founders go from launching a beta product to their first pre-seed investment round in the fastest possible time. Organised by ImpactHub Accra, BetaRaise uses a no-frills approach with a laser focus on supporting first-time founders with no experience in raising money. [...] Read more ›
0
Egyptian startup Lucky, a super app for credit products, offers and cashback rewards, is planning to become very big indeed in the Middle East and Africa (MENA) region off the back of its recent US$25 million Series A round. Founded in 2018 by Momtaz Moussa and Ayman Essawy, Lucky offers users access to a growing [...] Read more ›
8
“Cash is king”, so says the famous adage. But digital payments have been waging and winning a silent war against cash for years. Looking back at the payments landscape in Nigeria over the years, a significant shift is noticeable – digital payment has been like a guerrilla army, silently waging a war of attrition against [...] Read more ›
0
Cape Town-based advanced analytics startup Locstat has raised funding as it readies for further growth. Founded in 2016, Locstat is a graph powered AI and event processing solution for continuous analysis and visualisation of real-time and static data from multiple sources. The startup enables customers to unlock previously unseen insights, with its AI solution analysing [...] Read more ›
6
Female entrepreneurs located in the 15 countries that make up the Economic Community of West African States (ECOWAS) have been invited to apply for the second edition of the ShEquity accelerator programme. The ShEquity Business Accelerator (SHEBA) is a 16-week programme that provides venture building and technical support to African female entrepreneurs across the ECOWAS [...] Read more ›
2
Kenyan startup Wowzi has developed an online marketplace that “democratises influence”, connecting everyday social media users with big brands, and enabling nano and micro creators to earn money by spreading brand messages via social media. Launched in 2020 by Brian Mogeni, Mike Otieno and Dr Hassan Bashir, Wowzi has built a self-serve online platform that [...] Read more ›
9
Today, anyone can start an online business in Africa and start selling almost instantly to anyone within and outside the continent, thanks to payment infrastructures companies like Paystack, Flutterwave, Mpesa and more. This is huge considering where we used to be, however payment is just one part of commerce, the ability to get items delivered [...] Read more ›
15
Nigerian peer-to-peer (P2P) lending startup Sycamore has closed an undisclosed seed funding round as it looks to expand its operations. Founded in 2019 by Babatunde Akin-Moses, Onyinye Okonji and Mayowa Adeosun, Sycamore uses proprietary risk assessment tools to disburse business loans on the same day via its web and newly-released mobile app. The startup has [...] Read more ›
15
Egyptian fintech startup PayMint has secured a seven-figure US dollar seed investment to support its expansion plans in its home market. Launched in 2019 by Mohamed Yahya and Mohamed Rabie, PayMint provides financial technology services to SMEs, including salary payments, working capital financing and supplier payments. The seven-figure seed round comes from AUR Fintech – [...] Read more ›
12
South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round to support its vision of transforming Africa’s workforce through digital inclusion, particularly for frontline employees. Founded in 2019, SmartWage started off by allowing companies to provide their employees with instant access to a percentage of their [...] Read more ›
26
Egyptian e-health startup O7 Therapy has raised a US$2.1 million seed round to support its growth across the Middle East and help it launch new product features. Founded in 2019 by Ashraf Bacheet, Ashraf Adel, and Nader Iskander, O7 Therapy is a technology-enabled therapeutic platform, with a network of bilingual psychiatrists and psychotherapists to support [...] Read more ›
0
Egyptian e-grocery marketplace ON Market has raised US$215,000 in pre-seed funding to further expand its operations in Cairo, Alexandria, Tanta, Mansoura, and multiple other cities across the country. Founded in June 2020 in Tanta by Moatasem Marzouk, Seif Yasser, Ahmed Najjar, and Moataz Marzouk, ON Market empowers grocery retailers with tech solutions to build and [...] Read more ›
30
Nigerian startup Frain is building an open-source webhooks service – Convoy – that enables developers and companies to build and release APIs more quickly and securely. Traditionally, developers have to build and maintain these infrastructures in-house and pay the cost forward with engineering time and resources. Frain’s solution, Convoy, allows companies to ship APIs faster [...] Read more ›
28
Egyptian mobility company Swvl has begun trading on the US-based NASDAQ stock exchange with an initial offer price of US$9.95 per share. Founded by Mostafa Kandil in 2017, Swvl is a mass-transit system that enables riders heading in the same direction to share a ride in a van or bus. The startup’s proprietary mobility solutions [...] Read more ›
38
Nigerian ed-tech startup Klas, which allows anyone to set up an online school and deliver live classes, has raised a US$130,000 angel funding round to help it scale. Founded in December 2021 by Nathan Nwachuku, Klas allows creators on its platform to teach a variety of subjects via online classes, with its software supporting everything they [...] Read more ›
0
South African employee wellness startup Strove is targeting further expansion in Europe after launching in the United Kingdom (UK). Founded in 2020 by Chris Bruchhausen in partnership with venture builder The Delta, Strove is an activity-based mobile rewards application that empowers organisations to inspire their employees to live a healthy and active life, combatting inactivity, [...] Read more ›
3
Most popular sources
Business Insider
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34% 8 |
Tom's Hardware
|
20% 5 |
Gizmodo
|
13% 4 |
Eurogamer.net
|
6% 2 |
The Verge
|
5% 1 |
| View sources » | |
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21.12.2025 19:37
Last update: 19:30 EDT.
News rating updated: 02:30.
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