Kenyan social commerce startup Tushop, which enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured US$3 million in pre-seed funding to expand its team and platform, and roll out across Kenya. Founded in 2021, Tushop aims to make access to groceries more affordable and more convenient for Kenyans, and eventually [...] Read more ›
32
Egypt’s Xpovi, a robo-advisory startup offering autonomous financial and business planning services, has closed a US$300,000 pre-seed funding round to help it scale. Founded in May of last year, Xpovi introduces business planning solutions through an interactive, and easy-to-answer questionnaire. The product capitalises on artificial intelligence and machine learning to enable data sorting automation and [...] Read more ›
11
Egyptian startup Khazna, a financial super app that offers easy to use, technology-driven financial services to underserved consumers and micro-businesses, has raised a Series A round of US$38 million in equity and debt to ramp up its expansion efforts. Launched in 2020, Khazna began life as an earned wage access product, but has since grown [...] Read more ›
54
South African fintech startup Sticitt has secured an oversubscribed round of seed funding to help it continue to grow. Co-founded in January 2018 by Theo Kitshoff, Mitch Dart and Dennis Wevel, Sticitt simplifies payments within the South African education market with its easy-to use payment system, Sticitt Pay, which provides niche communities with an alternative [...] Read more ›
64
Twenty-four African startups have been pitching at demo days after participating in the W22 batch of the renowned Silicon Valley-based Y Combinator accelerator. The W22 batch of the Y Combinator programme, which played a role in the early days of companies like Airbnb, Coinbase and Dropbox among others, is currently taking place, and concludes with [...] Read more ›
0
Nigerian “buy now, pay later” (BNPL) startup CredPal has raised US$15 million in funding to expand its consumer credit offerings in Nigeria and scale across Africa. Launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal is a consumer credit platform that gives buyers the freedom to buy now and pay later, and helps merchants [...] Read more ›
9
Egyptian e-health startup Otida has raised US$340,000 in funding to boost its goal of improving the lives of 5,000 diabetes patients in Egypt and the Middle East this year. Founded originally as instadiet, diet management app Otida acts as a nutritionist, fitness coach and physician, among other roles, for patients with diabetes who struggle while [...] Read more ›
10
Applications have opened for South Africa’s Grindstone, a business accelerator that offers selected companies access to a structured entrepreneurship development programme. Grindstone Accelerator is a structured entrepreneurship development programme co-owned by VC fund manager Knife Capital and Thinkroom Consulting, and principally funded by SA SME Fund. Recently, it spun out Grindstone Ventures, a ZAR100 million [...] Read more ›
8
Morocco’s Al Mada Holding Group has launched a MAD1.1 billion (US$110 million) pan-African venture capital fund to invest in fast-growing startups across the continent. Al Mada, an investment holding company controlled by the Moroccan royal family, is one of the largest private investment funds in Africa, and its new fund aims to attract innovative investors [...] Read more ›
12
Egyptian fantasy football platform Eksab has raised a US$3 million seed funding round to help it scale across the Middle East and Africa. Launched in 20178, Eksab – which means “earn” or “win” in Arabic – aims to make football more exciting for fans through gaming and online community building. Players can choose free or [...] Read more ›
7
Applications are now open for the fourth year of the Africa’s Business Heroes competition, which annually awards 10 outstanding entrepreneurs from across Africa with a share of a US$1.5 million grant. The Africa’s Business Heroes (ABH( competition is the flagship philanthropic initiative spearheaded by the Jack Ma Foundation aimed at supporting and inspiring the next [...] Read more ›
78
Finnfund – the Finnish Fund for Industrial Cooperation – is a Finnish development financier and impact investor that offers long-term investment loans and venture capital to private companies for projects in developing countries. Disrupt Africa caught up with Johanna Raehalme, who is heading up the fund’s first regional office, which opens in Nairobi in May. [...] Read more ›
65
Cameroonian e-health startup Waspito has raised a US$2.7m seed funding round to grow its user base in its home market and expand to Ivory Coast. Founded by Jean Lobe Lobe in 2020, Waspito connects users with medical doctors via instant video consultations from their smartphones. It also provides mobile laboratory services, with a lab technician [...] Read more ›
0
The United Nations Population Fund (UNFPA), the World Intellectual Property Organization (WIPO), and the International Telecommunication Union (ITU) have launched the Innovations to Empower Women and Girls Challenge to help scale innovative solutions that can help disrupt inequalities and advance the empowerment of women and girls. The first ever Joint Innovation Challenge organised by the [...] Read more ›
41
Egyptian startup FreshSource is a B2B agri-supply chain platform that connects food producers to businesses and exporters, thus increasing their income, and it is now targeting expansion across the MENA region. Launched in January 2019 by siblings Farah and Omar Emara, FreshSource is a B2B agri-supply chain platform that leverages technology to change the way [...] Read more ›
6
Ghanaian cancer research and diagnostics company Yemaachi Biotech has closed a US$3 million seed round to advance its mission of diversifying precision oncology globally. Founded by Yaw Bediako, David Hutchful, Joyce Ngoi, and Yaw Attua-Afari in 2020, Yemaachi uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies [...] Read more ›
21
Tunisian venture builder Betacube has launched the second edition of its Women in Fintech pre-incubation programme, designed to help aspiring entrepreneurs shape their ideas and build lasting businesses. Run by Betacube in partnership with the United States Embassy in Tunisia, the six-week Women In Fintech programme allows fintech projects led by Tunisian women to acquire [...] Read more ›
6
Nigerian logistics startup Kwik has raised a US$2 million Series A funding round as it steps up expansion to digitise informal African trade, from logistics to financial services. Disrupt Africa reported in July 2019 on the launch of Kwik – a digital platform connecting delivery partners and corporate customers in large African cities and offering [...] Read more ›
3
Kenyan startup Apollo Agriculture, a commercial farming platform that helps small-scale farmers maximise their profits, has raised a US$40 million Series B funding round to help it expand internationally and enhance its product. Founded in 2019, Apollo Agriculture empowers farmers to increase their profitability with access to financing, high-quality farm inputs, insurance and optimised advice. [...] Read more ›
0
Launched by a Grammy award-winning Nigerian artist, African Valuables Collective (AVC) has announced the launch of its platform to assist content creators to create and sell non-fungible tokens (NFTs). Based in Lagos and Accra, the AVC platform is designed to facilitate the easy creation, management and sale of digital art and assets from African creators [...] Read more ›
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Most popular sources
Tech Wire Asia
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32% 23 |
Business Insider
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23% 10 |
Android Authority
|
6% 2 |
Eurogamer.net
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5% 2 |
The Verge
|
5% 2 |
| View sources » | |
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30.11.2024 07:38
Last update: 07:30 EDT.
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