European startup accelerator and investment fund Startup Wise Guys has completed the first closing on its new Africa-focused fund, while also announcing the first batch of startups selected for its African B2B digital SaaS accelerator programme. Founded in Tallinn, Estonia in 2012, Startup Wise Guys manages SaaS accelerator programmes out of Milan as well as [...] Read more ›
20
Kenyan startup Sokowatch, an e-commerce company leveraging technology to transform the informal retail supply chain, has closed a US$125 million Series B equity round, while also rebranding to Wasoko and launching operations in West Africa. Launched in 2016, Sokowatch provides free same-day delivery of essential goods and financing to informal retail stores across Africa. The [...] Read more ›
0
Startupbootcamp AfriTech and Telecel Group have selected 11 African startups to take part in the second edition of the Africa Startup Initiative Programme (ASIP), which offers participants access to funding and support. Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator. Disrupt Africa reported in March of last year it [...] Read more ›
36
Egyptian digital interior design and home renovation startup Shatablee has raised US$1.2 million in funding to accelerate its expansion across the country. Founded in 2021 by Mostafa Amer, Shatablee offers a 3D technology-powered digital platform where users can build and customise home designs in less than 30 minutes, and then have the entire renovations completed [...] Read more ›
19
Nigerian startup Pivo is providing an all-in-one financial services platform for small and medium enterprises (SMEs) in the supply chain sector, offering them access to banking, lending and insurance solutions. Formed by Ijeoma Akwiwu and Nkiru Amadi-Emina in July 2021 and launched in public beta in September, Pivo is targeted at any business that deals [...] Read more ›
6
Egyptian e-commerce delivery solutions provider Bosta has announced its expansion to Saudi Arabia after completing an undisclosed pre-Series B funding round. Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta provides a full-stack delivery solution for e-commerce companies. Its product simplifies logistics, allowing its customers to have full control over the delivery process. So [...] Read more ›
22
On 15 March 2022, Mercy Corps Ventures launched the Crypto for Good Fund. The hype of blockchain for underbanked populations has not yet been matched by the reality in emerging markets. While some real world use cases exist, most lack the measurable outcomes to build a business and impact case for these technologies. At Mercy [...] Read more ›
0
Nigerian prop-tech startup Spleet has raised a US$625,000 pre-seed funding round to help it roll out a new product that provides tenants with affordable loans to help them pay their rent. Founded by Tola Adesanmi in 2018 from the need to find rentals with flexible payment options in Lagos as opposed to the usual one [...] Read more ›
67
Google has announced the participants in Google for Startups Accelerator Africa Class 7, with the selected startups set to receive access to mentorship and expert advice over the course of the three-month programme. Announced in 2017, the Google for Startups Accelerator Africa is a three-month programme connecting early-stage African tech startups with the best of [...] Read more ›
29
South African payments company Yoco has acquired Cape Town-based fintech and Web3 software development agency Nona Digital to accelerate its roadmap by bringing a team of highly-specialised fintech product and technology professionals into the Yoco team. Yoco builds tools and services to help small businesses accept card payments in-store and online, access loans, and manage [...] Read more ›
45
Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and Europe over the next six months. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to [...] Read more ›
29
Tunisian startup Wattnow, an IoT smart energy management solution, has raised a US$1.3 million pre-Series A funding round to help it expand across Africa and the Middle East. Founded in 2018 by Issam Smaali, Wattnow helps companies take control of their energy usage through the combination of its plug-and-play hardware and software solutions. The startup’s [...] Read more ›
3
On 15 March 2022, Mercy Corps Ventures launched the Crypto for Good Fund. The hype of blockchain for underbanked populations has not yet been matched by the reality in emerging markets. While some real world use cases exist, most lack the measurable outcomes to build a business and impact case for these technologies. At Mercy [...] Read more ›
0
Nigerian insurtech startup Curacel, an AI-powered platform for claims processing and fraud management in Africa, has announced itself as a participant in the latest Y Combinator cohort while also launching Grow, an an embedded insurance product that empowers technology companies to seamlessly offer insurance as part of their existing products and services. Formed in 2017, [...] Read more ›
3
Twelve African tech startups have been selected for the first cohort of the FAST startup accelerator, created by Microsoft in partnership with Flapmax and designed to strengthen and scale Africa’s digital ecosystem. The 12-week FAST programme, which begins next week, brings together startups from six different countries and serving nine industries, selected from more than [...] Read more ›
50
Egyptian fintech and next-generation banking startup Nexta is set to launch operations after satisfying all Central Bank of Egypt (CBE) requirements and securing a US$2.2 million pre-seed funding round. Founded by Ibrahim Farag and Ahmed Hisham in 2021, Nexta is a digital bank that intends to promise better everyday lives for Egyptians via providing “lifestyle [...] Read more ›
3
Lagos-based buy now pay later (BNPL) startup Klump has raised a US$780,000 pre-seed funding round to help it launch its flagship “Pay with Klump” product with select partners, offering BNPL solutions to customers and businesses. Founded in 2021 by Celestine Omin and Olufunbi Falayi, who have combined experience building products with Konga, DealDay, Paystack, Andela, [...] Read more ›
68
The Massachusetts Institute of Technology (MIT) Fintech Conference has named Kenyan startup Money254 as the grand prize winner of its 2022 Fintech Startup Pitch Competition. Launched in April 2021, Money254 is a financial services comparison platform, making it easier for users to find, compare and apply for financial products that match both their needs and [...] Read more ›
0
Nigerian financial super app Yep! has raised a US$1.5 million pre-seed funding round as it launches its solution in five African countries. Founded last year by Olaoluwa Awojoodu, Airende Ojeomogha, and Garry Ottosen, and headquartered in Lagos and San Francisco, Yep! is a financial super app focused on leveraging technology to deliver seamless financial services [...] Read more ›
24
Egyptian e-health startup Chefaa has raised an undisclosed amount of funding to help it expand its network, release a new product, and launch in new markets. Founded in 2017 by Rasha Rady and Doaa Aref, Chefaa is an e-pharmacy platform that provides an end-to-end healthcare experience. The startup offers compliant, ethical and patient-centric services to [...] Read more ›
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Most popular sources
Business Insider
|
45% 19 |
Android Authority
|
8% 4 |
The Verge
|
6% 0 |
Gizmodo
|
5% 1 |
Engadget
|
5% 3 |
| View sources » | |
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30.11.2024 11:31
Last update: 11:25 EDT.
News rating updated: 18:22.
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