Nigerian auto-tech startup Autochek has raised a US$13.1 million seed funding round to bolster its core auto loan processing platform and deepen its footprint in West Africa. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, starting with Nigeria and Ghana. It plans to [...] Read more ›
12
Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its technology. Founded in January 2020 by Tunde Kara, Olumide Fayankin, Gatumi Aliyu and Wale Oyepeju, Vendease helps to solve food supply chain problems by digitising procurement processes, storage operations and logistics, and offering flexible payment [...] Read more ›
0
South African AI-based biotech company BixBio has been selected as one of seven genomics companies to join the third global funding cycle of the US-based Illumina Accelerator. The search for disease-causing genetic variants and novel drug targets is a complex and time-consuming process. The often multi-variant nature of complex inherited diseases provides unique challenges to [...] Read more ›
3
Co-Creation Hub (CcHub), the Lagos-based hub, accelerator and investor that has been expanding across Africa of late, has launched its new Seedr programme, the first edition of which will take place in Namibia. CcHub has been on an expansion charge in the last couple of years (see here), and now claims to be the “largest [...] Read more ›
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Y Combinator-backed Nigerian agri-tech startup Vendease has raised US$3.2 million in seed funding to expand operations and build out its technology. Founded in January 2020 by Tunde Kara, Olumide Fayankin, Gatumi Aliyu and Wale Oyepeju, Vendease helps to solve food supply chain problems by digitising procurement processes, storage operations and logistics, and offering flexible payment [...] Read more ›
6
South African clean-tech startup Brayfoil Technologies has been selected to take part in the Katapult Ocean accelerator, in addition to securing an undisclosed amount of funding from the Norway-based ocean impact investor. Formed in 2017, Brayfoil Technologies uses biomimicry-inspired compliant structures that change shape like bird’s wings to enable larger wind turbines and lower the [...] Read more ›
20
South African online student accommodation marketplace DigsConnect has entered into an agreement with the world’s largest student accommodation site, Student.com, enabling the startup to expand its presence to approximately 30 new countries and 400 new cities in the next six months. Launched in 2018, the DigsConnect platform allows landlords, estate agents and property managers to [...] Read more ›
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Substantial increases in startup activity and a massive inflow of capital has seen the Egyptian startup ecosystem establish itself as one of Africa’s “big four” within a relatively short period of time, with the sector’s development aided by proactive government and a strong local startup support system. That is according to the newly-released Egyptian Startup [...] Read more ›
4
The financial services industry is experiencing a paradigm shift. Dependence on manual services within the industry is rapidly declining and this trend will continue as technology continues to evolve and infiltrate every aspect of our lives. The challenge that many established financial services companies face is how to leverage these new technologies to grow their [...] Read more ›
2
Only three per cent of African tech startup funding since 2013 has gone to companies with all-female founding teams. That is according to the “In Search Of Equity: Exploring Africa’s Gender Gap in Startup Finance” report released by research firm Briter Bridges and the World Bank’s Africa Gender Innovation Lab (GIL) based on years of [...] Read more ›
50
The UAE-based Fintech Galaxy has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch a new cross-border accelerator programme to help startups from Egypt and Jordan expand into both markets. The two-month Yalla Xtech programme is aimed at helping startups to expand beyond their borders. It hopes to promote cross-border inclusion and knowledge [...] Read more ›
39
South African startup BotsZA is helping companies and organisations improve their talent acquisition processes and better liaise with customers using artificial intelligence (AI). Launched in November 2016, BotsZA is helping businesses both locally and internationally to integrate its two main products – Hazie and MASON – into their business processes to help them improve productivity [...] Read more ›
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Nigerian fintech startup Brass, a digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has secured US$1.7 million in funding to accelerate its expansion into South Africa and Kenya, among other things. Launched in July 2020 by Sola Akindolu and Emmanuel Okeke, Brass equips SMEs with a full-stack, [...] Read more ›
17
Seven Africa-based startups have been selected to take part in the latest edition of the Techstars Toronto accelerator, securing access to mentorship, US$120,000 in funding and the opportunity to secure further investment at demo day. The 13-week Techstars Toronto accelerator programme is designed to provide mentorship, funding and access to the Techstars network. It culminates [...] Read more ›
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South African payment solutions provider Pay@ and local startup FinChatBot, which specialises in conversational Artificial Intelligence (AI) solutions, have partnered to launch what they say will be a unique payments solution they hope to export across the continent in future. Established in 2007, Pay@ is one of Southern Africa’s leading payment solutions providers, while FinChatBot, [...] Read more ›
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Nigerian fintech startup Baxi, one of the country’s leading super-agent networks, has been acquired by the pan-African payments company MFS Africa to enable the latter’s expansion into Nigeria. Founded in 2014 by Degbola Abudu and Folu Majekodunmi, Baxi provides a cash-in/cash-out offering as well as value-added services – account opening, money transfer, bill payment and [...] Read more ›
3
South African fintech startup Peach Payments has set up an office in Mauritius as it continues its pan-African expansion following a foray into Kenya in 2018. Founded in South Africa in 2012, Peach Payments enables businesses to easily accept payments on their websites and mobile apps, integrating with leading e-commerce platforms like WooCommerce, Shopify, Wix [...] Read more ›
29
Green businesses in Uganda are invited to apply for an accelerator programme that offers free finance-focused workshops and discounted loans to help them scale up.  The Ugandan Green Enterprise Finance Accelerator (UGEFA) is looking to help high-potential small and medium-sized enterprises that specialise in eco-tourism, clean energy, sustainable transport, waste management and green manufacturing. During [...] Read more ›
2
Kenya-based fintech startup Asante has announced a US$7.5 million Series A investment to help its credit offerings to a host of African countries. Asante has developed a digital lending platform that uses alternative data and a proprietary AI loan decisioning management system to approve loans to micro, small and medium sized enterprises (MSMEs) in Sub-Saharan [...] Read more ›
3
Egyptian logistics startup ILLA has secured a seven-figure seed funding round to boost its growth in the market and diversify its offering to the FMCG value chain. Launched through the Flat6Labs Cairo accelerator in March 2019, ILLA caters for corporates and SMEs, providing full-fledged transportation and logistics solutions tackling major pain points unique to the [...] Read more ›
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Most popular sources
Business Insider
|
29% 4 |
Tom's Hardware
|
14% 1 |
TechRadar
|
8% 7 |
Slashdot
|
6% 1 |
Android Authority
|
6% 4 |
| View sources » | |
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22.12.2025 15:56
Last update: 15:50 EDT.
News rating updated: 22:50.
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