Applications have opened for the Norrsken Impact Accelerator in Stockholm, Sweden, which offer selected early-stage startups from across the world access to support, mentorship and US$125,000 in funding. 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 ›
107
Tenacious and persistent to the very core, Africa’s tech entrepreneurs have pulled yet another smashing year out of the bag, despite the economic fragility impacting the world. If 2021 is anything to go by, the coming 12 months will be filled with startup successes. Here’s our list of 12 African startups to watch; please enjoy [...] Read more ›
21
Kenyan buy-now-pay-later (BNPL) startup Lipa Later has raised US$12 million from a consortium of investors to help it increase coverage in existing markets and expand into new ones. Formed in 2018, Lipa Later leverages data analytics to provide consumers with access to convenient and affordable credit. Its proprietary credit-scoring and machine learning system enables a [...] Read more ›
11
In pioneering the use of e-bikes in South Africa, local startup Pathway Cycles is aiming to create a sustainable business model for its stakeholders and provide a greener, more affordable solution to people looking to get around. Pathway Cycles is an eco-friendly delivery solution with a tried and tested, trademarked formula that combines e-bikes, digital [...] Read more ›
15
The fourth edition of Africa Tech Summit is taking place live in Nairobi, Kenya on February 23-24. A leading African tech event providing insight and networking within the African tech ecosystem. Africa Tech Summit brings together tech leaders, MNOs, corporates, startups, investors, entrepreneurs, governments, trade bodies and media. The event, which has previously taken place [...] Read more ›
17
Nigerian HR technology startup SeamlessHR has raised a US$10 million Series A funding round to accelerate its next phase of growth and fund its international expansion. Launched in 2018, SeamlessHR has developed robust, cloud-based, end-to-end HR software that helps businesses anywhere manage their entire human resource processes “from hire to retire”. Its enterprise-grade solution caters [...] Read more ›
5
Renowned Silicon Valley-based accelerator Y Combinator has increased its standard deal size to US$500,000. The Y Combinator programme, which played a role in the early days of companies like Airbnb, Coinbase and Dropbox among others, is increasingly selecting African tech startups to take part in its programme. Its alumni features continental royalty such as Flutterwave, [...] Read more ›
3
Tunisian startup Lamma, a quick commerce app designed for young, active Africans, is beginning its international expansion with a launch in Morocco. Founded by Yassir El Ismaili El Edrissi, Hamza Guesmi and Koussi Aymen in 2020, Lamma delivers groceries, food, personal care, electronics and fashion items to users in less than 45 minutes, using a [...] Read more ›
29
Ivory Coast-based startup Afrikrea, the e-commerce platform for “all things made of Africa’”, has raised a US$6.2 million pre-Series A funding round and rebranded as “ANKA”. Originally founded in 2016 as an online marketplace for selling and buying African-inspired clothing, accessories, arts and crafts, Afrikrea recorded 250 per cent year-on-year growth, but last year pivoted [...] Read more ›
57
South African startups have been invited to apply for the uYilo Electric Mobility Programme, which provides up to ZAR1 million (US$64,000) for projects in the energy storage, vehicle systems, charging infrastructure and connected car sectors. An initiative of the Technology Innovation Agency, a public entity of the Department of Science and Innovation, the national uYilo [...] Read more ›
24
In helping Africans abroad send and receive money to and from their home countries, Nigerian fintech startup Lemonade is by no means unique, but the startup believes it has a secret sauce that sets it apart from the rest. Founded in 2020 by Ridwan Olalere and Rian Cochran and a participant in Y Combinator’s W21 [...] Read more ›
48
Nigerian multi-merchant rewards platform ThankUCash has raised US$5.3 million in seed funding as it plans expansion into new markets and further product launches. Co-founded in 2018 by Simeon Ononobi, Suraj Supekar, Madonna Ononobi and Harshal Gandole, ThankUCash offers cashback on purchases and deals from thousands of merchants, which in turn helps merchants retain customer loyalty, [...] Read more ›
1
Egypt-based ed-tech startups OBM Education, Super Fny and Crafty Workshop have raised funding from EdVentures and the Academy of Scientific Research and Technology (ASRT). EdVentures is Egypt’s first ed-tech-focused corporate venture capital (VC) fund, actively investing in local ed-tech startups since 2017. The company also runs a three-month ed-tech accelerator programme, into which it has [...] Read more ›
53
VC firm Orange Ventures has opened applications for its “Seed Challenge – Fintech Egypt”, which will award one company with EUR500,000 (US$570,000) in funding. Orange Ventures, the corporate VC of telecoms firm Orange Group, opened its Orange Digital Centre in Cairo in December, and has now launched its fintech seed challenge. Applications are invited from [...] Read more ›
39
Nigerian credit management fintech startup BFREE has raised a US$1.7 million pre-Series A funding round and strengthened its management team ahead of global expansion. Founded in August 2020 by Chukwudi Enyi, Moses Nmor and Julian Flosbach, BFREE offers ethical digital-first credit collection solutions for financial institutions in emerging markets. After 16 months in business, the [...] Read more ›
9
Egyptian e-commerce logistics startup Sprint has processed one million shipments since its launch in 2019. Sprint provides technology-enabled solutions that help e-commerce merchants and retailers enjoy high value and end-to-end logistics services and solutions. During the past two years, Sprint has been able to process one million shipments, with a success exceeding 90 per cent. [...] Read more ›
3
Social entrepreneurship network Ashoka and pharmaceutical company Boehringer Ingelheim have opened applications for their accelerator programme Making More Health (MMH). Ashoka identifies and supports the world’s leading social entrepreneurs, learns from the patterns in their innovations, and mobilses a global community that embraces these new frameworks to build an “everyone a changemaker world”. The MMH [...] Read more ›
2
Egyptian B2B fashion e-commerce startup Gahez has raised a US$2 million pre-seed funding round to build out its tech and its team ahead of future expansion. Launched late last year, Gahez is an online marketplace that streamlines the process between fashion retailers and manufacturers, providing an improved online trading cycle. The platform assists retailers in [...] Read more ›
24
Nigerian startup Fixit45 has launched its one-stop-shop platform for car owners, helping to connect them with a variety of necessary services. Fixit45 was launched in its current iteration in July of last year, but the business and the model has evolved over the course of the last two years or so. “So, before Fixit45 became [...] Read more ›
23
Aspiring entrepreneurs and innovation-driven startups based in Nigeria are invited to apply for two new entrepreneurship programmes developed at the University of Oxford. The global partnership between the Oxford Foundry, University of Oxford, and FMDQ Private Markets Limited was announced in July, with the aim being to support collaboration and knowledge exchange between the UK [...] Read more ›
21
Most popular sources
Business Insider
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39% 11 |
CNET
|
10% 7 |
Tom's Hardware
|
6% 3 |
Mashable
|
6% 2 |
Wired
|
5% 3 |
| View sources » | |
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30.11.2024 23:58
Last update: 23:40 EDT.
News rating updated: 06:50.
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