Nigerian ed-tech startup AltSchool Africa has raised a US$1 million pre-seed funding round as it plans to solve the lingering problem of talent shortage in the tech ecosystem with its flexible educational programme. Founded last year by Adewale Yusuf and Sultan Akintade, who are also co-founders of another Nigerian ed-tech company TalentQL, AltSchool aims to [...] Read more ›
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Cloud computing firm Oracle has launched a ZAR15 million (US$982,000) programme aimed at helping African startups across different industries implement the latest digital technologies to drive business growth. Led by Oracle for Startups, the multinational cloud computing company will provide extra resources and support to technology startups across Africa over the next two years. Businesses [...] Read more ›
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2021 was the best year ever for tech startup funding in Africa, with more startups raising more money from more investors than any year on record. Increasingly, however, that capital is focused on the “big four” markets of Nigeria, Egypt, South Africa and Kenya. According to the seventh edition of Disrupt Africa’s African Tech Startups [...] Read more ›
3
Egyptian startup Yalla Fel Sekka (YFS), an on-demand logistics provider specialising in instant delivery and dark store management, has secured a US$7 million Series A funding round to expand its presence in Egypt and across the MENA region. Co-founded by Khashayar Mahdavi and Yasmine Abdel Karim in 2020, YFS leverages its proprietary, data-driven technology to [...] Read more ›
0
Nigerian mobility fintech startup Moove, Uber’s exclusive vehicle financing and vehicle supply partner in Sub-Saharan Africa, has secured US$10 million in debt financing to enable it to expand across key markets. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, who have successfully built three other businesses in Africa over the last eight [...] Read more ›
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Nigerian startup BitPowr has launched operations, providing blockchain API, wallet and digital assets infrastructure for businesses. Founded in stealth in early 2021, BitPowr provides infrastructure for businesses and organisations looking to create, manage and secure their crypto wallets using the blockchain network. The startup offers a wallet API – a complete suite wallet management solution [...] Read more ›
35
The Future Africa fund, launched in 2020 by Andela and Flutterwave co-founder Iyinoluwa Aboyeji, invested US$4.3 million into 43 companies in 2021, taking its total assets under management (AUM) to US$30 million. 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 ›
3
Casava, Nigeria’s first 100 per cent digital insurance company, has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians. Launched last year, Casava aims to make insurance affordable for income earners by leveraging technology, behavioural science and empathy. The startup is a vertically integrated company with a [...] Read more ›
19
Kenya-based digital trucking logistics startup Amitruck has raised a US$4 million seed funding round to accelerate its expansion across Africa. Launched in 2019, Amitruck is a trucking logistics marketplace that seeks to bring trust, transparency and efficiency to transport. The startup’s platform connects transporters directly with cargo owners via its web or mobile application, avoiding [...] Read more ›
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Egyptian startup SplendApp, a software-as-a-service (SaaS) platform that allows users to easily develop iOS and Android mobile applications in only 48 hours, has raised a six-figure US dollar pre-seed funding round to build out its platform and expand internationally. Founded in 2020 by Mohamed Shahin and Mohamed Khaled, SplendApp helps its users create mobile applications [...] Read more ›
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Four Egyptian startups have been awarded a combined US$40,000 in cash prizes after being named winners of the Techne Corporate Innovation Programme. Techne, a group of initiatives that support tech and tech-enabled startup ecosystems around the Mediterranean region, began its Corporate Innovation Programme in November, enrolling over 300 startups across four tracks – CleanTech, HealthTech, [...] Read more ›
3
Whichever way you look at it, whatever figures you believe, whatever methodologies you employ, one thing is clear: 2021 was the best year ever for tech startup funding in Africa, with more startups raising more money from more investors than any year on record. Indeed, not only was the US$1 billion ceiling smashed for the [...] Read more ›
3
Nigeria’s Nestcoin, a company building, operating, and investing in web3 applications, has raised US$6.45 million in pre-seed funding to help it expand its global operations and invest in more products to accelerate crypto adoption and financial freedom for people in frontier markets. Co-founded by Yele Bademosi, previously of Microtraction, Binance and Bundle, alongside Taiwo Orilogbon, [...] Read more ›
0
Thirty unicorn founders are backing African tech entrepreneurs through Norrsken22, a new US$200 million tech growth fund that will invest in exceptional entrepreneurs building Africa’s new tech giants. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem [...] Read more ›
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Co-Creation Hub (CcHub), the Lagos-based hub, accelerator and investor that has been expanding across Africa of late, has selected three Namibian startups to participate in the Seedr accelerator it is running alongside local partner Startup Namibia. CcHub has been on an expansion charge in the last couple of years (see here), and now claims to [...] Read more ›
23
Egyptian social commerce platform Brimore has closed a Series A round of funding worth US$25 million, which it will use to grow its product and supplier lists and expand across the continent to become the leading social commerce app in Africa. Founded in 2017, Brimore has built a platform that leverages the power of individual [...] Read more ›
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Nigerian startup Bamboo, a brokerage app that lets Africans buy and trade US stocks in real-time, has raised a US$15 million Series A funding round to accelerate its growth, move into new markets and launch more products. Launched in January 2020, Bamboo is an investment platform that unlocks global markets for Africans by providing real-time [...] Read more ›
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Egyptian-American cloud security startup Magalix has been acquired by Weaveworks Limited, a GitOps company with headquarters in London and San Francisco. Founded in 2017 by Egyptian-American entrepreneurs Ahmed F. Mohamed and Ahmed Badran, and headquartered in the US with its R&D engineering team in Egypt, Magalix built a platform that enables organisations to embed security [...] Read more ›
4
South African API fintech startup Stitch, in partnership with Paystack and Disrupt Africa, is hosting a “startup showcase” to provide an opportunity for early-stage fintechs from across the continent to share their solutions with local and global investors, and access support. The Stitch API, live in South Africa and Nigeria, allows developers to connect to [...] Read more ›
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Six more African startups have been confirmed as participants in the W22 batch of the renowned Silicon Valley-based Y Combinator accelerator, taking the total to 10 so far. 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, takes place [...] Read more ›
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Most popular sources
Business Insider
|
41% 10 |
CNET
|
9% 6 |
Tom's Hardware
|
8% 6 |
Wired
|
5% 3 |
The Verge
|
5% 0 |
| View sources » | |
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30.11.2024 19:59
Last update: 19:51 EDT.
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