Investment into the African tech startup ecosystem almost trebled over the course of a record-breaking 2021 that saw total funding pass the US$2 billion mark for the first time. This is according to the seventh edition of the annual African Tech Startups Funding Report released by startup news and research portal Disrupt Africa, which is [...] Read more ›
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Africa-focused venture capital firm TLcom Capital has announced a first close of US$70 million for its US$150 million tech fund, firmly positioning it to become the largest independent VC firm fully dedicated to the continent. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom has US$350 million of assets under management across [...] Read more ›
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Nigerian prop-tech startup Seso Global has launched regional offices in the United States (US) and United Kingdom (UK) to enable it to engage with diaspora communities and build partnerships that make it safe and easy to successfully invest in African real estate. Launched in Nigeria in June 2019, Seso has developed a customer relationship management [...] Read more ›
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Healthcare firm Organon and Flat6Labs have partnered to launch the Femtech Accelerator Programme, aimed at helping female-founded digital health startups across the Middle East and North Africa (MENA) succeed by providing support to build products, test market fit and improve business models. Organon is a global healthcare company formed through a spinoff from Merck, known [...] Read more ›
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Kenyan supply chain-focused Sote has raised a US$4 million seed extension round to expand its offering into the fintech space. Founded in 2018, Sote launched its licensed tech-enabled customs clearing and forwarding service in 2020. The platform provides a real-time dashboard that allows manufacturers, retailers, and distributors visibility on shipment status, saving time and money. [...] Read more ›
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Tanzanian fintech startup NALA has raised US$10 million in funding as it plans aggressive expansion across Africa in 2022. A past winner of the Ecobank Fintech Challenge and Seedstars Tanzania, NALA has developed an app that allows users to make payments from the United Kingdom (UK) to Tanzania, Kenya, Uganda, Rwanda, and Ghana. The startup [...] Read more ›
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South African startup TallOrder, a developer of advanced cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, has raised ZAR47 million (US$3.1 million) in additional Series A funding to accelerate growth and product development. Launched in 2014, the TallOrder POS platform, which can be deployed on suitable Windows, iOS and [...] Read more ›
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Mobility startup Opibus has introduced the first all-electric bus in Kenya, also the first Africa-designed electric bus ever. Founded in 2017, Opibus is the leading provider of electric vehicles designed and manufactured locally. Its vision is to create reliable and cost effective products designed for the pan-African mass market. The company raised US$7.5 million in [...] Read more ›
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Business growth specialist Fetola has opened applications for its Circular Economy Accelerator (CEA), which aims to provide South African entrepreneurs looking to scale their businesses in the circular economy with access to mentoring and skills development. Sixty-five entrepreneurs will have the opportunity to join the 18-month incubator programme, which is tailored to meet the needs [...] Read more ›
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Ghanaian fintech startup OZÉ, which provides digital recordkeeping tools with embedded finance products to MSMEs, has raised a US$3 million pre-Series A funding round to expand the capabilities of its platform and increase access to affordable finance. Launched in beta in 2018, OZÉ is a mobile app that helps small businesses record their sales, expenses, [...] Read more ›
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South African startup CompariSure has raised ZAR15 million (US$980,000) in pre-Series A funding round to help it expand the usage of its chatbot technology. Founded in 2017 by Jonathan Elcock and Matt Kloos, CompariSure has built a conversational commerce platform that allows companies to have personalised engagements with users at infinite scale, driven by machine [...] Read more ›
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Nigerian logistics startup Kwik Delivery has announced its GMV and revenue for 2021 grew by over 400 per cent year-on-year, with the platform also reaching 100,000 B2B users. 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 ›
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Nigerian logistics startup OnePort 365 has been selected to take part in the ODX Flexport incubator programme, run by Flexport and On Deck to accelerate the next wave of logistics startups across the world. Founded in 2013, Flexport is a freight forwarding and customs brokerage company based in the US, while On Deck is a [...] Read more ›
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South African on-demand pay provider Floatpays has secured just under US$4 million in an oversubscribed seed funding round to help it expand across Africa. Founded in 2019 and a participant in the S21 cohort of the Silicon Valley-based Y Combinator accelerator, Floatpays is a technology platform that enables on-demand access to pay, seamless savings functionality [...] Read more ›
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Tunisia-founded enterprise artificial intelligence (AI) startup InstaDeep has raised a US$100 million Series B funding round to further develop its tech, grow its team, and accelerate the launch of disruptive AI products across various sectors. Founded in Tunisia in 2014 but now headquartered in London having gone global, InstaDeep delivers AI products and solutions for [...] Read more ›
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South African startup Wamly, a one-way video interview software startup, has secured a second round of investment from local venture capital firm Knife Capital to power its international expansion plans. Founded in 2018 by Francois de Wet, Wamly is one-way video interview software that helps companies recruit people for vacant positions without the need for [...] Read more ›
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Egyptian fintech startup MNT-Halan has added a buy-now-pay-later (BNPL) feature to its digital ecosystem, which also includes business lending, payments, consumer finance, bill payments, e-commerce, and delivery, backed by Neuron, the company’s proprietary technology. Having begun life as a ride-hailing app for two- and three-wheeler vehicles back in 2018, MNT-Halan has morphed into a super [...] Read more ›
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Applications are open for cohort two of the AUDA-NEPAD Home Grown Solutions Accelerator, aimed at providing growing and mature-stage African companies in the healthcare space with hands-on, highly tailored support in order to help them improve and grow. The African Union Development Agency (AUDA-NEPAD), with the financial support of the Japan International Cooperation Agency, in [...] Read more ›
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South African B2B delivery-as-a-service (DaaS) startup Orderin has raised ZAR71 million (US$4.7 million) pre-Series B funding to help it scale its infrastructure and enhance its last-mile delivery service. Founded in 2013, Orderin is one of South Africa’s leading on-demand delivery services, providing delivery services for the likes of McDonalds and Pick n Pay. The money [...] Read more ›
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Kenyan fintech startup Zanifu has raised a US$1 million seed funding round to help it scale and further develop its platform, which provides short-term working capital loans to MSMEs in the FMCG supply chain. Founded in 2017 by Steve Biko and Sebastian Mithika, Zanifu launched operations the next year and has already disbursed over 85,000 [...] Read more ›
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Most popular sources
Business Insider
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40% 9 |
CNET
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12% 9 |
Tom's Hardware
|
6% 3 |
Mashable
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6% 2 |
Wired
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4% 2 |
| View sources » | |
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30.11.2024 21:32
Last update: 21:25 EDT.
News rating updated: 04:20.
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