Egyptian e-commerce startup ExpandCart has secured a US$2.7 million pre-Series B bridge round of financing it will use to fuel its growth. The startup was founded by Amr Shawqy, Sameh Nabil, and Yasser Seleem back in 2013. The trio ran an online electronics store, which they sold to a local retailer, after which they received [...] Read more ›
3
Egyptian fintech company Fawry has announced plans to raise EGP800 million (US$51 million) of growth capital through a rights issue to existing shareholders, with proceeds to be used to fund a new chapter of expansions in financial services for both consumers and merchants. Founded in 2008, Fawry is the largest Egyptian digital transaction and e-payment [...] Read more ›
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Moroccan B2B e-commerce and fintech startup Chari has raised a bridge round of funding that values the company at US$100 million. Founded in 2020 by husband and wife team Ismael and Sophia Belkhayat, Chari allows traditional proximity store owners in Morocco to order products and have them delivered. It works with more than 50 per [...] Read more ›
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Applications are now open for the 2022 edition of Pitch Live at the fourth Africa Startup Summit, which takes place in Nairobi next month. The Africa Startup Summit is part of the fourth annual Africa Tech Summit, taking place live and in-person in Nairobi, Kenya on February 23-24. The two-day event will showcase Africa’s startup [...] Read more ›
0
Senegalese startup PAPS has raised a US$4.5 million pre-Series A funding round from local and international investors to help it scale its tech-enabled logistics solution across the Francophone African region. Launched in September 2016, PAPS offers end-to-end logistics solutions for business with both offline and online operations. Its technology allows businesses of all sizes to [...] Read more ›
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Kenyan B2C e-commerce platform Copia Global has raised US$50 million in a Series C equity round to help it ramp up its African expansion efforts. Launched in 2013, Copia combines technology and a network of local agents to offer a broad product offering and efficient, reliable delivery to “base of the pyramid” consumers. Its service [...] Read more ›
3
South African mobile gaming startup Carry1st has raised a US$20 million Series A extension round from investors including Andreessen Horowitz, Avenir and Google to help it scale across Africa. Founded in 2018 and based in Cape Town, Carry1st is a mobile games publisher serving the first generation of African smartphone users, which has so far [...] Read more ›
14
Nigerian developer-tooling startup Frain Technologies has raised a US$473,000 pre-seed funding round to further invest in its existing product and build new ones. Frain started in February 2021, when co-founder and CEO Subomi Oluwalana quit his job as a backend developer at Nigerian fintech Tangerine Life to build APIs for fintech. Alongside co-founder and COO [...] Read more ›
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IFC and the Women Entrepreneurs Finance Initiative (We-Fi) launched today a new call for applications for IFC ScaleX, a new programme aiming to help tackle the financing gap that women entrepreneurs still face, particularly in emerging markets, by backing accelerators. IFC ScaleX, for which IFC has partnered with Village Capital for implementation, is a performance-based [...] Read more ›
9
South African mobile gaming startup Carry1st has raised a US$20 million Series A extension round from investors including Andreessen Horowitz, Avenir and Google to help it scale across Africa. Founded in 2018 and based in Cape Town, Carry1st is a mobile games publisher serving the first generation of African smartphone users, which has so far [...] Read more ›
11
Nigerian startup Pivo, a credit-focused financial services company for SME players in the supply chain, has raised an undisclosed amount of funding from early-stage VC firm Microtraction. Founded last year by Nkiru Amadi-Emina and Ijeoma Jacquelyn Akwiwu, Pivo offers SME owners in the supply chain sector a new and more efficient way to access financial [...] Read more ›
0
The Women Entrepreneurship for Africa (WE4A) programme has selected 100 female-led startups to join its high-impact accelerator, which is focused on startup growth for employment creation. The WE4A initiative aims to provide female-led startups with enhanced business capacities, access to funding, market opportunities, knowledge enhancement, and technical training. It is an initiative of the European [...] Read more ›
0
Nigerian startup Bumpa, a one-stop-shop for retail merchants in Africa, plans international growth after seeing impressive early uptake and banking pre-seed funding. Launched in February 2021 by Kelvin Umechukwu and Adetunji Opayele, Bumpa helps merchants move their business online without the need for programming skills. The platform allows them to set up an e-commerce store [...] Read more ›
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Nigerian startups Moni and Topship have been confirmed as participants 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, takes place between now and March. Participants receive [...] Read more ›
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Nigerian restaurant management startup Orda has raised a US$1.1 million pre-seed funding round to speed its growth and expand across the continent. Launched in 2020, Orda is a cloud-based restaurant management system provider that hopes to provide one operating system to power African restaurants. Since its launch, the Lagos-based startup has worked with several well-known [...] Read more ›
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Ghanaian fintech startup Float, a cash flow management and spend platform for businesses in Africa, has closed a US$17 million round of debt and equity seed funding to speed its development and launch new products. Float provides credit lines to small businesses, as well as tools to manage business accounts and wallets in one dashboard, [...] Read more ›
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Egyptian health-focused e-commerce platform 3attar has secured seed investment to continue on its growth trajectory and expand into other markets. Established in 2019, 3attar is a B2C platform that gives customers access to healthy food and other products, a delivery service, and diet-consultation programmes, among other things. During the COVID-19 crisis, the company was quick [...] Read more ›
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Utopia and the World Economic Forum’s new Centre for Urban Transformation have launched a global Urban Innovation Challenge to activate an ecosystem of 800 innovative urban entrepreneurs, investors, and mayors across Asia, Africa, and Latin America. The challenge is open to entrepreneurs who are building real-world urbantech solutions that contribute to a better planet, enable [...] Read more ›
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Egyptian ed-tech startup Orcas has raised a US$2.1 million pre-Series A funding round as it prepares to expand into Pakistan in the early months of this year. Co-founded by Hossam Taher and Amira El Gharib in 2019, Orcas provides K-12 students with live one-on-one tutoring sessions, both online and in-person. It also provides self-paced learning [...] Read more ›
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Tawfeer Market, an online grocery retail startup operating from Egypt’s second most populous city Alexandria, has raised a US$500,000 seed round to help it build on impressive early growth. Launched towards the end of 2019, Tawfeer Market allows users to find and purchase groceries via app, which it then has delivered via its fulfillment arm. [...] Read more ›
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Most popular sources
Business Insider
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41% 10 |
CNET
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11% 9 |
Tom's Hardware
|
7% 4 |
Mashable
|
6% 2 |
The Verge
|
5% 0 |
| View sources » | |
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30.11.2024 22:47
Last update: 22:35 EDT.
News rating updated: 05:40.
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