Root, a Cape Town-based startup building infrastructure for the digital insurance economy, has closed a US$3 million seed funding round to expand into new markets. Founded in 2016, Root is a cloud-native end-to-end insurance platform that enables organisations of any size to build, sell and manage digital insurance products and unlock modern engagement channels. The [...] Read more ›
3
Nigerian e-health startup Helium Health has expanded outside of Africa for the first time with the acquisition of Meddy, which operates in Qatar and the United Arab Emirates (UAE). Founded in 2016, Helium Health takes hospitals and clinics instantly digital with its flagship Electronic Medical Records/Hospital Management Information System (EMR/HMIS) product, the most widely used [...] Read more ›
0
Kenyan ed-tech startup Craydel has raised a US$1 million pre-seed round of funding as it bids to democratise access to higher education in Africa. Launched earlier this year by Manish Sardana, John Nguru and Shayne Aman Premji, Craydel enables students and working professionals to discover, compare and apply to higher education in Africa and abroad. [...] Read more ›
3
Applications are now open for the latest Google for Startups Accelerator Africa, a three-month programme designed to help startups scale across the continent. Launched in 2017, the Google for Startups Accelerator Africa programme has so far supported 82 startups from 17 African countries, which between them have raised more than US$117 million in funding and [...] Read more ›
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Egyptian startup Rabbit, an on-demand delivery company delivering groceries, cosmetics, electronics and more using dark stores, has raised a US$11 million pre-seed funding round. Launched last month by Ahmad Yousry, Walid Shabana, Ismail Hafez, and Tarek El Geresy, Rabbit runs on tech enabled hyper-local fulfillment centres and claims to be able to guarantee consumers that [...] Read more ›
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Egyptian startup Sympl, a buy now, pay later service that allows merchants to sell products and services directly to customers on short-term and interest-free repayment plans, has raised an undisclosed amount of funding from local VC firm A15 as the startup launches operations in earnest. Founded by Yasmine Henna, Mohamed El-Feky and Karim Tawfik, Sympl [...] Read more ›
6
Kenyan quizzing startup mSwali has raised an undisclosed pre-seed funding round to enable it to expand its mSwali Quiz MVP from USSD to a web app. Founded in July 2020, mSwali has developed mSwali Quiz, a USSD-based quiz game with topics focused on individual African countries, the continent, and the world as a whole. “mSwali [...] Read more ›
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International clean-tech startup incubator The Hatchery has launched its new Africa office in Cape Town, South Africa, aiming to discover and support cutting-edge entrepreneurs in areas such as smart utility metering, solar energy, and mobile financial platforms. Also based out of Oslo and Detroit, The Hatchery is an international clean-tech incubator that is invested in [...] Read more ›
3
Africa-focused early-stage investor DFS Lab has invested in 19 African tech startups so far in 2021, making it one of the most active firms on the continent and taking its total portfolio size to 22. Founded in 2017, DFS Lab helps founders leading next generation digital commerce businesses in Africa build solid foundations, and matches [...] Read more ›
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South African VC firm Grindstone Ventures has launched a ZAR100 million (US$6.5 million) fund dedicated to predominantly funding startups that have completed, or are part of, the Grindstone Accelerator programme. Grindstone Accelerator is a structured entrepreneurship development programme co-owned by VC fund manager Knife Capital and Thinkroom Consulting, and principally funded by SA SME Fund. [...] Read more ›
13
Egyptian ed-tech startup OTO Courses has raised US$400,000 in cash and in-kind services from EdVentures to further develop its product to reach more users. Founded in 2015 by Ahmed Badr and Tarek Nour El-Din, OTO Courses has developed an online learning platform that offers general and specialised English language courses for individuals or businesses. Teachers [...] Read more ›
3
European startup accelerator and investor Startup Wise Guys has launched a programme that offers investment and coaching for digital, B2B SaaS startups operating in East and West Africa. Launched in Estonia in 2012, Startup Wise Guys runs acceleration programmes for early-stage B2B SaaS, fintech, cybersecurity and sustainability startups, has made more than 220 investments, and [...] Read more ›
3
Formed in 2018 and launched in Nigeria in 2019, cryptocurrency exchange Yellow Card is now active in 12 African countries and planning further expansion after banking US$15 million in Series A capital in September. Yellow Card makes it easy for anyone, anywhere in Africa, to buy cryptocurrencies like Bitcoin, Ethereum and USDT Stablecoin using cash, [...] Read more ›
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Egypt-based home furniture e-commerce startup Efreshli has raised a seed round worth US$550,000 to help it build on strong early growth. Founded in early 2019 by Heba El-Gabaly, Efreshli is a technology-enabled furniture design and shopping solution that has created a new way for consumers in Egypt to shop for their homes, from their homes. [...] Read more ›
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South African startup Adbot, which provides online advertising solutions for owners of small and medium-sized enterprises (SMEs) in Africa, has announced a ZAR7 million (US$500,000) capital raise from Enygma Ventures to help it expand its user base. Launched in 2019, Adbot empowers small business owners with simple and supportive tools for success, giving them access [...] Read more ›
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South Africa is among the top three African countries with the highest crypto activity. It is, therefore, an attractive market for companies that issue crypto-funded debit cards. Indeed, on the continent, South Africa has the longest list of crypto-funded debit cards one can choose from. In this post, we take a quick look at the [...] Read more ›
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South Africa’s FNB and business growth specialists Fetola have opened applications for the 2021 Social Entrepreneurship Impact Lab (SEIL) programme, which will accelerate the growth of 50 South African social entrepreneurs wanting to scale their business models and improve their investment readiness. Running for the second year in a row and organised by FNB and [...] Read more ›
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Egyptian startups are the most accelerated in Africa, with 38.6 per cent of them having taken part in some kind of acceleration or incubation programme. That is according to the newly-released Egyptian Startup Ecosystem Report 2021 from Disrupt Africa, which dives into the local ecosystem by analysing active startups, local support networks, and funding and [...] Read more ›
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Nigerian blockchain-based Wi-Fi sharing startup Wicrypt has closed a strategic US$1.5 million funding round to help it expand into new countries. Wicrypt is a decentralised mobile internet sharing and monetisation network that allows anyone to get paid for sharing their Wi-Fi. Users download the Wicrypt app and provide Wi-Fi through their mobile device or by [...] Read more ›
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Nigerian mobility fintech startup Moove has signed an exclusive partnership with Kenyan e-logistics company Lori Systems to deliver access to affordable vehicle financing within Africa’s trucking and logistics industry. Founded by Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs. The startup raised a [...] Read more ›
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Most popular sources
Business Insider
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32% 9 |
TechRadar
|
9% 7 |
Android Authority
|
8% 6 |
Slashdot
|
6% 1 |
Digital Trends
|
5% 4 |
| View sources » | |
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22.12.2025 13:34
Last update: 13:25 EDT.
News rating updated: 20:21.
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