Founded in 1995, US-based VC firm SOSV has more than 1,000 portfolio companies and about US$1 billion in assets under management (AUM). Yet it is new to Africa, having made its first eight investments on the continent in 2021. Managing partner Sean O’Sullivan founded SOSV in 1995, following the IPO of MapInfo, a startup he [...] Read more ›
12
Kenyan startup Alvin, a smart money manager app that helps people align their daily spending around savings goals, has raised a US$740,000 pre-seed funding round as it continues to hone its product, which is in the private beta phase. Formed in May of last year, Alvin is a smart money manager app that uses automated [...] Read more ›
174
Startups from Kenya, Nigeria and South Africa have been invited to apply for five challenges aimed at harnessing the power of innovators to reduce waste. The challenges are run by KTN Global Alliance Africa, a six-year project funded by UK Aid through the Innovate UK Global Challenges Research Fund (GCRF) and the Foreign, Commonwealth and [...] Read more ›
3
Tanzanian startup Windowshoppi, an image-sharing app that allows users to post photos, add locations, and recommend products, is looking to boost local commerce with new product rollouts in the new year. Launched in September 2020, Windowshoppi is an app designed to allow visual discovery of products. Users can post photos, add links and locations to [...] Read more ›
5
Ethiopia’s beU Delivery and Nigeria’s IdentityPass are among the 40 startups so far 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 [...] Read more ›
26
Cairo-based accelerator and investor Flat6Labs has partnered ESLSCA University to launch a new innovation and entrepreneurship incubation programme to empower undergraduate students to develop viable and sustainable businesses upon graduation. Launched and headquartered in Cairo since 2011, Flat6Labs is a seed and early-stage venture capital firm with multiple offices across the MENA region. The company [...] Read more ›
0
Twelve months ago, Disrupt Africa unveiled its 12 African startups to watch in 2021. How did we get on with our predictions? Egyptian investtech startup Thndr We said: “Thndr is already making waves, despite only formally launching in 2020. We’re certain we’ll be seeing exciting developments over the next 12 months (and beyond).” What actually [...] Read more ›
3
Isizwe, an internet service provider that offers online access to low-income communities in South Africa, has raised US$460,000 in funding from Global Innovation Fund (GIF) to de-risk its model and encourage further investment. Launched as Project Isizwe back in 2013, Isizwe offers unlimited Wi-Fi access in townships and informal settlements on a low-cost, pay-per-use basis. [...] Read more ›
8
EGBank and Cairo Angels have opened applications for the latest edition of the MINT Incubator, which helps startups grow and become investment-ready. Cairo Angels – which invests in and supports startups across the Middle East and Africa – and EGBank partnered to launch the three-month equity-free MINT Incubator in 2018, and there have been several [...] Read more ›
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Kenyan fintech startup Paylend has raised US$2 million in seed funding to expand operations at home and launch in Tanzania, Zambia and Nigeria. Founded in 2019 by Bendon Murgor and Eliutherius Juma, Paylend is digitising the manual, black book recording of data traditionally used by MSMEs. So far it has digitised over 10,000 SMEs, providing [...] Read more ›
29
Applications have opened for the eighth edition of the Tony Elumelu Entrepreneurship Programme (TEEP), which will provide startups with training, mentorship and US$5,000 in funding. The programme, run by the Tony Elumelu Foundation (TEF), is a 10-year, US$100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024. Applications have now opened [...] Read more ›
42
Africa’s e-commerce boom has its roots in the late 2000s and early 2010s. With rapid internet penetration on the continent, as well as the launch of platforms that eased payments, there were numerous opportunities for innovation in inter and intra-national logistics that would help complete the triangle. In Nigeria, one of the companies that deliver [...] Read more ›
1
Kenyan startup Aircart has launched its online platform which helps users sell any digital product using smart links. Similar to international platforms like Gumroad, Aircart is a storefront for digital content producers, allowing users to upload a product, add their preferred payment method, and immediately receive a shareable link they can directly earn from. Co-founded [...] Read more ›
23
The ninth edition of the Sankalp Africa Summit, focused on entrepreneurship and impact investing, will take place in Nairobi, Kenya in March. The Sankalp Africa Summit, set for March 1-4, will be a hybrid event, with two days of virtual and two days of in-person content, and will be attended by over 2,500 delegates from [...] Read more ›
0
Ghanaian retail-tech startup Shopa says it is “redefining” informal retail distribution and supply chain by connecting last-mile retailers with suppliers, and enabling access to stock on cash or credit. Formed in August 2020 after identifying challenges faced by informal retailers in their restocking process and their inability to access credit facilities, Shopa leverages digital tools [...] Read more ›
3
Nigerian startup Stranerd has launched a peer-to-peer learning platform where students can ask and answer homework-related questions, with the service designed to give the smartest students opportunities to offer support to others who may be less skilled in particular subjects. Stranerd began life as an Instagram page back in 2018, but only launched as a [...] Read more ›
9
Blockchain startups from Egypt and Zimbabwe have been invited to apply for the Africa Blockchain Incubation Programme, aimed at encouraging creativity and ideas around distributed ledger technologies. The Africa Blockchain Incubation Programme is looking for ambitious individuals that are forward-thinking, innovative, and have strong backgrounds in computer science. Qualified candidates will be taken through a [...] Read more ›
2
Startup-focused news and research company Disrupt Africa has announced MFS Africa and MEST Africa as additional partners in the open-sourcing initiative that will make its flagship annual funding report free to all when it is released next month. Every January since 2016, Disrupt Africa has released the African Tech Startups Funding Report, which quantifies investment [...] Read more ›
2
Nigerian e-health startup Field Intelligence, which is digitising the supply chain and transforming access to essential, life-saving medicine, claims to have saved the Nigerian government US$2 million in losses that would have been attributed to expired medication in the last five years. Founded in 2015, Field Intelligence is the leading pharmaceutical supply chain provider within [...] Read more ›
3
Fifteen startups have advanced to the second phase of the E-Track Programme run by UCT GSB Solution Space in partnership with ayoba. The E-track Programme is a three-phase venture acceleration programme, targeting high-impact individuals, aspiring entrepreneurs, and experienced founders. Phase one is Venture Launch, which focuses on validating the venture concept; phase two is aimed [...] Read more ›
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Most popular sources
Business Insider
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41% 12 |
CNET
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11% 8 |
Tom's Hardware
|
6% 3 |
Mashable
|
6% 2 |
Wired
|
5% 3 |
| View sources » | |
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01.12.2024 01:29
Last update: 01:20 EDT.
News rating updated: 08:20.
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