One of the best-known business people in South Africa, both for his entrepreneurship and his participation in the Dragons’ Den television programme, Vusi Thembekwayo is now backing tech startups across the continent. At 21, Thembekwayo ran a successful consulting firm, then South Africa’s only black-owned forensic marketing agency. At 25, he was the youngest director [...] Read more ›
1,760
Senegalese startup ProXalys, which specialises in digital transformation in B2B commerce, has raised US$150,000 in pre-seed funding to expand across the country and, later, the West African region. Founded in 2021 by Thierno Sakho, ProXalys aims to modernise and empower Senegal’s informal traders, digitising the entire value chain and reinventing supply chain processes. The startup [...] Read more ›
10
Mr. Green Africa, a Kenyan plastics recycling pioneer, has been boosted by a major round of investment by impact driven investors and key industry stakeholders to scale its business model across the continent. Mr. Green Africa is a circular recycling business that has developed a technology-driven plastics collection model that enables waste collection at the [...] Read more ›
3
South Africa’s Tyme and Morocco’s Chari have been accepted into the global Endeavor network, gaining access to various support services to help their companies scale. The Endeavor initiative works to catalyse long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide, and has accepted a host of African entrepreneurs into its network [...] Read more ›
3
Kenyan startup BasiGo, an electric vehicle technology and financing company bringing electric bus services to Sub-Saharan Africa, has raised a US$4.3 million seed funding round to help it commercialise its business model and begin local assembly of electric buses. Disrupt Africa reported in November BasiGo had launched operations in Nairobi having secured KES100 million (US$900,000) [...] Read more ›
14
Egyptian digital investment platform Thndr has raised a US$20 million Series A funding round to assist it with product development and expansion across the MENA region. Launched in 2020 by Ahmad Hammouda and Seif Amr after it took part in the Silicon Valley-based Y Combinator accelerator, Thndr initially offered users a commission-free, mobile first equities [...] Read more ›
0
Nigerian vehicle repair and maintenance startup Mecho Autotech has raised a US$2.15 million seed funding round to expand its capacities and acquire more customers. Founded in 2021 by Olusegun Owoade and Ayoola Akinkunmi, Mecho Autotech offers repair and maintenance services to businesses and consumers through in-house and third-party service capacity which has passed rigorous assessments. [...] Read more ›
3
South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals who need parking, has been acquired by real estate investment company Docklands Ventures. Initially launched in 2016 with the goal of improving the parking experience for shopping centres, ParkUpp pivoted in 2018 after realising the market was too small [...] Read more ›
26
Nigerian startup SendChamp is providing communication APIs and customer relationship management tools to developers and businesses, helping them reach their customers via different messaging channels. Founded by Goodness Kayode and Damilola Olotu, SendChamp aims to improve customer relations for technical and non-technical business owners. The startup’s APIs allow users to deliver messaging across multiple channels, [...] Read more ›
8
Applications are now open for MEST Africa’s flagship Training Program, Class of 2023. A twelve-month program hosted physically in Accra and designed to give young Africans commercial skills in technology and entrepreneurship, MEST Africa supports Entrepreneurs-in-training to build successful technology businesses. Launched in 2008 as a fully-funded program by the Meltwater Foundation, the Training Program [...] Read more ›
0
Egyptian startup SOKNA, which offers end-to-end funeral services to honour the deceased and ease the process for their families, has closed a US$1 million seed round to scale across the country. Disrupt Africa reported in October 2020 on the launch of SOKNA, which handles the full array of funerary services, including but not limited to [...] Read more ›
6
Egyptian mobility company Swvl has raised an additional US$21.5 million in private investment in public equity (PIPE) deal as part of its proposed business combination with Queen’s Gambit, ahead of its future listing on the Nasdaq exchange. Founded by Mostafa Kandil in 2017, Swvl is a mass-transit system that enables riders heading in the same [...] Read more ›
18
ChapChap, a Ugandan fintech startup that creates reliable financial profiles for MSMEs, has secured a funding round from Nordic Impact Funds to accelerate its commercial growth and social impact creation. Founded in 2016 by Emmanuel Emodek and James Alituhikya, together with their former primary school teacher Monica Asiimwe Kiconco, ChapChap aims to empower small and [...] Read more ›
51
Africa’s fintech sector is a funding magnet, with just shy of half the more than US$2 billion raised by tech startups on the continent being sucked into the space. According to the seventh edition of our African Tech Startups Funding Report, which is available free to all as part of an open-sourcing initiative in partnership [...] Read more ›
3
Gift cards are digital assets that are created to serve as an alternative method of payment at a designated brand, website, gas station, restaurant, etc. What happens is that, when you are at the point of check out at the designated brand, either online or at a physical store, you input the details of your [...] Read more ›
0
Nigerian e-health startup Reliance Health has announced the completion of a US$40 million Series B funding round to help it expand in emerging markets around the world and add to its product suite. Founded by Femi Kuti, Opeyemi Olumekun, and Matthew Mayaki in 2015 as a telemedicine-focused startup named Kangpe, Reliance Health later expanded into [...] Read more ›
3
Kenyan e-health startup Afya Rekod has closed a US$2 million seed round to help it scale across the continent. Launched in April 2020, Afya Rekod is a health data platform that allows both patients and health facilities to capture, store and access the mobility of the patients health data. The startup has over 150,000 users [...] Read more ›
6
Ugandan moto-taxi app SafeBoda has become the latest startup in the African mobility space to transition towards becoming a multi-purpose “super app” with the addition of various new services to its offering. Initially launched in Kampala, SafeBoda connects passengers with motorcycle taxi drivers, while also offering additional financial services. The startup expanded to Kenya in [...] Read more ›
11
South African startup Carscan, a leading AI and AR app active in the auto-insurance space, Augmented reality app, has raised a follow-on funding round worth ZAR20 million (US$1.3) million to help it further expand operations. Carscan is an augmented reality (AR) app with embedded artificial intelligence (AI) that creates an accurate, reliable, agnostic, complete, and [...] Read more ›
18
Kenya’s Lami has acquired fellow Nairobi-based insurtech startup Bluewave in order to drive rapid growth and expand its presence to new African markets. Founded by Jihan Abass in 2018, Lami is a digital insurance platform that enables partner businesses – including banks, tech companies, and other entities – to easily and seamlessly offer digital insurance [...] Read more ›
3
Most popular sources
Business Insider
|
49% 22 |
CNET
|
8% 5 |
Tom's Hardware
|
7% 4 |
The Verge
|
5% 0 |
Wired
|
4% 2 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
30.11.2024 19:43
Last update: 19:36 EDT.
News rating updated: 02:30.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.