GrindstoneX has announced the second cohort of 10 female entrepreneurs who will benefit from its growth engineering programme, run in partnership with Naspers Labs. Disrupt Africa reported in 2022 South Africa’s Grindstone Accelerator had partnered Naspers Labs to launch GrindstoneX, a new all-female accelerator programme designed to make women-led startups more investible, scalable, and exit-ready. [...] Read more ›
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Nigerian startup 10mg Pharma is using AI-driven code trees to simplify access to low-interest credits and low-cost medications for healthcare providers in Africa. Founded in 2022, 10mg Pharma employs an AI algorithm based on the code tree model to pair healthcare providers with financing partners who meet specific criteria. This facilitates bulk medication purchases, leading [...] Read more ›
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Kenyan fish farming startup Aquarech has raised US$1.7 million in equity funding to help it improve outcomes for small-scale fish farmers in Kenya through its mobile app platform. Founded in 2019 and led by Kisumu-based founder and CEO Dave Okech, alongside co-founders James Odede and Joseph Okoth, Aquarech is working to streamline the production behind [...] Read more ›
9
Applications are open for the African Agri-tech Scale-Up Programme, which aims to help agri-focused and agri-adjacent ventures scale across the continent more quickly. The African Agri-tech Scale-Up Programme is the result of a partnership between Endeavor, AfricaGrow and FMO, the Dutch entrepreneurial development bank, which aims to empower early-stage African agri-tech ventures. It provides entrepreneurs [...] Read more ›
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Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised US$10 million in debt and equity funding to scale operations across Nigeria, Kenya and other African countries. Founded in 2021 by Moni Alli, Front Edge specialises in providing working capital solutions and software tools for exporters and importers in emerging [...] Read more ›
2
South Africa’s Payment24, a global payments platform provider specialising in payment and loyalty solutions, has acquired Switzerland-headquartered Inergy 24 to accelerate its expansion in Europe. Payment24 began life as a digital fuel management solutions and telematics platform, but has expanded to become a global platform developer specialising in payment and loyalty solutions for the financial, [...] Read more ›
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Egypt’s WayUp Sports, an e-commerce platform specialised in performance-based sports gear, has secured a seed round of funding to help it expand regionally, launching a private brand, and enhance user experience over its application and website. Founded in 2021, WayUp Sports aims to meet the demand for diverse specialised and performance-based sportswear and equipment. Since [...] Read more ›
2
Kenya’s Ed Partners Africa, a non-banking financial institution that specialises in providing loans to affordable private schools, has announced the commitment of a US$10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC) to help it expand access to affordable education. Founded in 2018 by Lydia Koros and David FitzHerbert, and currently [...] Read more ›
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In a world where over 350 million citizens navigate a cash-dominant economy without the safety net of traditional banking, VeryPay aims to be a transformative force for financial inclusion and accessibility for citizens across Africa. Without a proven financial history, merchants have limited access to lending and operate with low security and high risk of [...] Read more ›
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Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has secured investment from UM6P Ventures, the investment fund of Mohammed VI Polytechnic University. 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. The [...] Read more ›
2
South African fintech startup FinMeUp has partnered consulting firm Decusatio Human Capital Solutions to launch a digital financial consumer education solution that allows organisations of different sizes to onboard staff and beneficiaries as part of their B-BBEE and human capital development strategies to improve financial literacy. Founded in 2020, FinMeUp offers a comprehensive range of [...] Read more ›
2
Ethiopian talent marketplace Afriwork has onboarded 300,000 users, is helping 50,000 SMEs find and hire talent, and is setting its sights on East African expansion. Founded in 2018, Afriwork provides small businesses with an innovative Software-as-a-Service (SaaS) solution designed to streamline their HR activities. its primary focus is to assist these businesses by connecting them [...] Read more ›
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Visa has selected 23 startups for its first Africa Fintech Accelerator programme, which aims to help enable African startups through expertise, connections, technology, and investment funding. Disrupt Africa reported in July on the launch of Visa’s Africa Fintech Accelerator programme, which followed the firm’s pledge to invest US$1 billion in Africa’s digital transformation and its [...] Read more ›
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Applications are open for HealthTech Hub Africa (HTHA), a hybrid pan-African e-health accelerator programme that offers entrepreneurs a platform to create sustainable businesses and meaningful health impact. With a physical co-working space in Kigali, Rwanda, HTHA is founded by the Novartis Foundation and supported by the Global Fund and the Patrick J McGovern Foundation. It [...] Read more ›
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Nigerian startup Pricepally, a fresh and packaged food e-commerce platform, has raised US$1.3 million in seed funding to help it scale. Launched in 2019 by Luther Lawoyin, Jumai Abalaka, Deepak Bansal and Monsunmola Adefemi, Pricepally sources farm-fresh produce and distributes it via its e-commerce platform. By bridging the gap between producers and consumers, Pricepally ensures [...] Read more ›
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South African prop-tech startup Neighbourgood has acquired travel-tech company Local Knowledge to add travel experiences to its services. Founded by Murray Clark, Kim Clark and St John Gardner, Neighbourgood is on a mission to bring good to neighbourhoods around the world. With over 1,000 living and working spaces, and an additional 650 in the pipeline [...] Read more ›
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Fifteen South African green businesses have been selected for the Grindstone programme, which is supported by the Anglo American Foundation (AAF) and aims to empower entrepreneurs in the green sector. Disrupt Africa reported in July the AAF had partnered with Grindstone, an accelerator renowned for engineering high-growth entrepreneurship, in a bid to foster sustainable practices [...] Read more ›
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Atlantica Ventures, an Africa-focused impact VC fund co-founded by Aniko Szigetvari and Ik Kanu in 2019, has made eight investments so far, and still has plenty of its US$50 million fund left to disperse as it seeks to power African tech startups from seed through to Series B. Born in Hungary, Szigetvari has over 20 [...] Read more ›
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Tomi Davies is a key lynchpin of Africa’s startup space – “collaborator-in-chief” at Lagos-based entrepreneurship support organisation TVC Labs, chief investment officer at Greentec Capital Partners, co-founder of the Lagos Angel Network (LAN), and founding president of the African Business Angel Network (ABAN), among other things. After graduating from the University of Miami in 1982, [...] Read more ›
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Nigeria’s Zenith Bank has partnered Seedstars to launch its Zecathon 3.0, a challenge aimed at identifying, supporting, and mentoring Nigerian MVP-stage startups with a prize pool of NGN59 million (US$73,000). The Zecathon 3.0 pitch competition also provides business support for its participants through training, mentorship, and investor networking opportunities, further enabling startups to achieve their [...] Read more ›
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27.11.2024 10:53
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