Kenyan retail-tech startup MarketForce is expanding into five further markets and targeting one million merchants after securing a partnership with fintech company Cellulant. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is a B2B retail marketplace that empowers informal merchants in Africa to source, order and pay for inventory digitally and conveniently, access [...] Read more ›
3
Nigerian startup TradeDepot, a B2B e-commerce and embedded finance platform, has raised US$110 million in an equity and debt Series B funding round to support the delivery of buy-now-pay-later services to five million SME retailers and drive further expansion of its merchant platform across the continent. Founded in 2016, TradeDepot connects consumer goods brands in [...] Read more ›
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Egyptian logistics startup Bosta has announced plans to expand to the United Arab Emirates (UAE) and Saudi Arabia next year after securing funding in May. Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta provides a full-stack delivery solution for e-commerce companies. Its product simplifies logistics, allowing its customers to have full control over [...] Read more ›
9
Egypt’s Information Technology Industry Development Agency (ITIDA) has announced the winners of the third edition of the African App Launchpad Cup, aimed at supporting African tech startups in the field of digital applications and game development. ITIDA, the executive arm of the Egyptian Ministry of Communication & Information Technology (MCIT), founded to spearhead the development [...] Read more ›
3
Egyptian cloud-based inspection management software beXel has raised a six-figure US dollar round of funding to expand to Saudi Arabia and other GCC countries. Founded in early 2019 by Ayman Abou Regeila, Ahmed Hussein and Mahmoud Latif, beXel is a SaaS digital cloud-based inspection management software that focuses on industrial services such as energy, oil [...] Read more ›
18
Nigerian fintech startup Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business expenses and finances, has raised a six-figure US dollar pre-seed funding round to support its growth. Flex allows businesses to digitise their daily operations via a simple, accessible mobile platform. Equipped with an intuitive [...] Read more ›
3
Egyptian fintech startup Raseedi, a mobile app that helps users make cheaper calls, pay less and get advance credit, has raised a US$850,000 pre-Series A funding round to help it build on its impressive early traction. A multi-purpose fintech application that helps anyone within its community to communicate cheaper, pay less, and pay later for [...] Read more ›
27
Kenyan agri-tech startup Shamba Pride has raised a US$1.1 million funding round to support its expansion across the country and roll out its solution to over 1,000 shops. Shamba Pride is a one-stop online-to-offline platform that connects smallholder farmers to quality inputs, services, and information through technology-powered “DigiShops”. The startup has just raised a US$1.1 [...] Read more ›
12
South African tech talent marketplace OfferZen has raised a EUR4.5 million (US$5.1 million) Series A funding round as it bids to deepen its expansion into European markets. Founded in 2015 and launched in 2016, the Cape Town-based OfferZen helps tech companies like Luno, Absa, MMI Holdings, Takealot, WeTransfer, Adyen and Catawiki hire from a community [...] Read more ›
2
Egyptian fees management and digital collection platform KlickIt has announced the closing of its first investment round, which it will use to further develop its platform. Founded in 2017, KlickIt is a payment management and digital collection platform driven by a plug-and-play ethic. The platform acts as a digital payments transformation partner to public and [...] Read more ›
24
South African fintech investment firm Crossfin Technology Holdings has been acquired by a consortium of investors in a ZAR1.5 billion (US$93 million) deal the company says will allow it to pursue the next phase of its growth. Crossfin is a leading independent fintech platform operating predominantly in South Africa with a particular focus on payments [...] Read more ›
32
Kenyan e-health startup MYDAWA has been awarded a grant of US$1.2 million from the Bill & Melinda Gates Foundation aimed at increasing access to Pre-Exposure Prophylaxis (PrEP) services through its e-pharmacy model, supporting the fight against HIV/AIDS in Kenya. Founded in 2017, MYDAWA enables consumers to conveniently purchase authentic high-quality medicines, health and wellness products [...] Read more ›
26
A Nigerian fintech startup has launched its gamified digital lifestyle platform – PennyTree, a platform that integrates savings, payments and transfers through a scalable ecosystem built into the lifestyle of its users. With an aim to make financial discipline fun, enjoyable and seamless, PennyTree is on a mission to integrate finance and lifestyle as a [...] Read more ›
0
Nigeria’s Octamile, an insurtech company enabling insurance and non-insurance businesses to protect African consumers from financial loss, has come out of stealth mode with US$500,000 in pre-seed funding. The Octamile solution enables non-insurance businesses to offer insurance as a feature in their pre-existing products, while insurance providers are offered the data and technology necessary to [...] Read more ›
0
South African fintech group Adumo has acquired SwitchPay, a provider of alternative payment solutions for consumers both in-store and online, for an undisclosed amount. Adumo is South Africa’s largest independent payments processor, offering a range of smart payment solutions to more than 50,000 active clients, including large multinational and independent retailers as well as entrepreneurs [...] Read more ›
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Egyptian startup Homzmart, the Middle East’s leading furniture and home goods marketplace, has announced the expansion of its operations into Saudi Arabia. Hard-launched in early 2020 by Mahmoud Ibrahim and Ibrahim Mohamed, Homzmart is a digital platform connecting home goods and furniture manufacturers and brands with end consumers. Homzmart’s platform and its end-to-solutions enable both [...] Read more ›
21
Germany-based VC firm GreenTec Capital Partners has announced undisclosed investments in two Nigerian startups – inter-city transport company T40 and logistics platform ShapShap. GreenTec has invested in a host of African startups, including Kenyan AI startup SuperFluid Labs, Nigerian logistics startup Parcel-it, Kenyan insurtech platform Bismart, Ivory Coast-based waste management startup Coliba, Kenyan logistics platform [...] Read more ›
22
Egyptian legal-tech startup Hekouky has raised an undisclosed amount of pre-seed funding to expand nationwide. Founded in 2021 by Hala Riad, Mayy Abdelbary and Fatima Khalil, Hekouky provides a one-stop-shop for company incorporation and trademark registration. Earlier this year, the startup was one of 12 startups selected to take part in the second cohort of [...] Read more ›
3
Applications have opened for early-stage Ghanaian startups to scale their operations through the MEST Express accelerator programme. MEST Express is one of three programmes, alongside Pre-MEST and MEST Scale, that MEST is currently running in partnership with the Mastercard Foundation. The 20-week accelerator programme aims to equip early-stage ventures with the skills and resources they [...] Read more ›
23
A startup founded by university friends that pivoted away from its initial model to find product-market fit in the logistics space to the extent it has been accepted into renowned accelerator programmes. Ghana’s Swoove has quite the story. Swoove connects businesses with network logistics services to enable them to reach customers across the continent, with [...] Read more ›
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Most popular sources
Gizmodo
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30% 21 |
Business Insider
|
23% 7 |
TechRadar
|
6% 5 |
Tom's Hardware
|
6% 16 |
Slashdot
|
5% 0 |
| View sources » | |
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22.12.2025 10:11
Last update: 10:05 EDT.
News rating updated: 17:02.
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