- What’s this about? 40 start-ups graduated from the Youth Startup Academy Uganda during the SWARM Summit in Kampala, showcasing the diverse industries and potential to revolutionize Uganda’s entrepreneurial landscape. The SWARM Summit emphasized fostering innovation, collaboration, and growth in…
- What’s this about? South African fintech startup Moya Money rebrands as Bloo Money in May 2024, aiming to differentiate itself, inject vibrancy into the sector, and acknowledge its global co-founders. Co-founded by Thulani Masebenza and Sabica Pardesi, Bloo Money empowers freelancers through its…
- What’s this about? Seamfix, an identity solutions company, has raised $4.5 million from Alitheia IDF to expand to Ghana, Kenya, and South Africa due to currency fluctuations. Founded by Chimezie Emewulu and Chibuzor Onwurah, the company provides identity verification solutions to governments and…
- What’s this about? Future Africa and CatalyzU have collaborated to introduce the “How to Startup” fellowship, a seven-week initiative targeting African entrepreneurs to equip them with vital skills for business success. Crafted by esteemed African founders and venture capitalists, this intensive…
- What’s this about? Google Opens Applications for the eighth cohort of its Google for Startups Accelerator Africa programme The program strongly focuses on startups that leverage artificial intelligence (AI) and machine learning (ML) to address critical challenges and unlock new opportunities…
- What’s This About? Ethio Clicks, a startup that offers diverse e-commerce solutions in Ethiopia, is claiming to be the country’s first “super app.” Founder Ezedin Wangoria’s journey from software developer to an entrepreneur led to Ethio Clicks, which was fueled by international exposure and…
- Sasan Hezarkhani, Ahmad Mokhtar, and Tarek Mokhtar
The post Egypt’s Swypex Takes Off After Securing $4M in Seed Funding appeared first on GetFundedAfrica Media.
- GFA Technologies recently participated in the Tech & Digitalisation Delegation program in Stockholm, Sweden, facilitated by Business Sweden. The successful implementation of this program has significantly improved the level of collaboration between the organizations involved, leading to a…
- Renda, a Nigerian order fulfilment and retail distribution startup, has closed its pre-seed round at $1.9m in equity and debt funding to enhance its offerings, drive expansion to more cities in Nigeria and East Africa, and grow its partnership network across all active markets. The equity…
- Kenyan mobility startup BuuPass has acquired QuickBus in a bid to scale in Nigeria and South Africa. Founded in 2016, BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via the web, app, or USSD. So far, the startup has sold over six million…
- On Friday, 26th April 2024, a group of enthusiastic Corp members from the “Mind the Gap” Community Development Service (CDS) under the NYSC scheme in Abeokuta South Local government, embarked on an insightful journey into the realm of technology and innovation. GFA Technologies, renowned for its…
- Kenyan agri-tech startup Farm to Feed, which has developed a B2B platform that connects surplus produce with new uses, has raised an undisclosed amount of funding from Renew Capital to help it scale. Founded in 2020, Farm to Feed aims to reduce food loss by aggregating and creating a new market for…
- Ethiopia’s Kubik, which specialises in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, has raised a US$5.2 million seed funding round to help scale operations. Founded in 2021 by Kidus Asfaw and Penda Marre, Kubik produces low-carbon, affordable…
- Chowdeck, a Nigerian on-demand delivery service, has secured $2.5 million in seed funding, which it will use to strengthen its position in the Nigerian market. Investors such as FounderX Ventures, True Culture Funds, Hoaq Fund, Levare Ventures, Haleakala Ventures, YCombinator, Goodwater Capital,…
- Kubik, an Ethiopian startup that recycles plastic waste into low-cost, environmentally friendly building materials, has raised $1.9 million in a seed extension round to expand its operations. The funding comes from African Renaissance Partners, an East African venture capital firm; Endgame Capital…
- Madica, a structured investment programme designed for pre-seed stage startups in Africa, has announced its first set of investments in three startups on the continent. Launched in 2022 and affiliated with fintech-focused VC firm Flourish Ventures, Madica is a sector-agnostic investment programme…
- Africa-focused venture capital company TLcom Capital has announced the final close of its US$154 million Tide Africa II early-stage fund, which is focused on seed and Series A ventures. Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom Capital has US$350 million of assets under…
- Bokra, a Cairo-based fintech, announces the successful closure of its $4.6 million pre-seed round led by DisrupTech Ventures and SS Capital alongside other investors, setting it to revolutionise wealth management in the MENA region by being the first platform to offer goal-based investment and…
- bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million Pre-Seed investment round, led by Saudi venture capital firm Khawarizmi Ventures. The funding round was joined by Camel Ventures, Acasia Ventures, and a pool of angel investors. Founded in 2022 by…
- Egypt-based Fintech Waffarha has raised a seven-figure Seed round by Value Makers Studio (VMS). Founded in 2012 by Tarek Magdy, Waffarha’s platform offers daily deals with big discounts starting from 50% up to 90%. New funds will be deployed to double down Waffarha’s technology stack, hire new…
- Egypt-based podcast production company “The Potcast Productions Company” (TPP) has raised an early financing round at an undisclosed value through the Shark Tank programme. Founded in 2020 by Islam Adel, Potcast creates 15 diverse programmes tailored to various target demographics. It claims to…
- The South Africa-based data and applied artificial intelligence (AI) solutions startup Spatialedge has secured ZAR60 million (US$3.1 million) in funding to support its mission to transform the retail industry. Launched in Stellenbosch in 2017, Spatialedge is a big data and applied machine learning…
- Nigerian retail-tech startup OmniRetail has kicked off its latest round of fundraising with an undisclosed amount of funding from Goodwell Investments. Founded in 2019, OmniRetail is a B2B enablement company that provides the necessary digital infrastructure to tackle some of the most pressing…
- The e-Mobility Innovation Hackathon, which took place on March 28th, 2024, at the Microsoft Garage, brought together innovative minds who aimed to shape the electric vehicle (EV) industry. Several startup finalists presented their visionary ideas and innovations, making it clear that there is…
- Spark+ General Partner has announced the second and third closings of Spark+ Africa Fund, with a current AUM of US$64 million. Spark+ is the first impact debt fund dedicated to growing the clean cooking sector across sub-Saharan Africa. In the fund’s second closing in July 2022, the European…
- Baobab Network, an early-stage investor that backs startups across Africa, has announced the acquisition of Reflector Marketing, a strategy and branding agency headquartered in South Africa. The Baobab Network has been accelerating startups with capacity building and fundraising since 2019 and…
- Verod-Kepple Africa Ventures (VKAV) has announced a final close of US$60 million for its pan-African venture fund, which invests in scalable, tech-enabled, post-revenue startups addressing difficult challenges on the continent. Formed in 2021 as a joint venture between Kepple Africa Ventures (KAV…
- Pula, a Kenyan insurtech startup, has secured $20 million in Series B funding to reach more farmers in Africa and establish new partnerships. Global investment manager BlueOrchard led the funding round via its InsuResilience strategy. Other participants include the IFC’s $225 million venture…
- Kenya’s SunCulture, a provider of solar-powered irrigation solutions and agricultural technology to smallholder farmers, has raised a US$27.5 million Series B funding round to fuel its growth and build new products. SunCulture helps smallholder farmers grow more food with climate technology,…
- Formed in 2014, Zeepay is focused on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, bank accounts and digital tokens to international money transfer operators, payments, subscriptions, international airtime and refugee payments. The startup has a footprint in…
- In a significant stride towards empowering the residents of Ogun State, the co-founders of GFA Technologies, Debo Omololu and Tunji Oke, embarked on a visit to key government officials in Ogun State on Wednesday, 20th March 2024. The meeting, which was held with the esteemed Commissioner for…
- ClusterLab, the company behind the Arabic audiobook summarization app Reedz, has secured $600,000 in pre-seed funding. This round boasts support from prominent investors, including Karim Beguir, early backers of InstaDeep, and regional angel investors, signifying a strong belief in Clusterlab’s…
- Cairo-based digital marketplace Pharmacy Marts has raised a six-figure US dollar bridge round from early-stage venture capital firm Acasia Ventures to boost its growth and expansion plans. Founded in January 2021 by Ahmed Kadous, Ahmed Mazhar, Haitham El Ghotni, and Mahmoud Shousha, Pharmacy Marts …
- Artificial intelligence is transforming the world of business and creating new opportunities for Small and Medium Enterprises across different sectors and regions. In Africa, where SMEs account for more than 90% of businesses and contribute to over 80% of employment, AI can be a game-changer for…
- Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the…
- Youverify, an AI-driven Anti-Money Laundering (AML) solutions startup has raised a $2.5 million investment from Elm, a digital innovation and solutions firm based in Saudi Arabia, in a move to simplify AML compliance for businesses and enhance AML risk intelligence across the globe. Launched in…
- Nigeria-founded mobility fintech company Moove, which democratizes access to vehicle ownership for mobility entrepreneurs, has raised US$100 million in a Series B funding round that takes total raised capital to over US$460 million and values the company at US$750 million. Founded in 2020 to…
- Cairo, Egypt – March 2024 Tiye Angels, Egypt’s first female angel investment network, is proud to announce its first inaugural investment in InCurA, a promising company developing innovative, patent-protected medical devices solutions. This investment marks a significant milestone for both Tiye…
- Nigerian startup Zone, a fast-growing payment infrastructure company, has raised US$8.5 million in an oversubscribed seed funding round to help it scale its blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond. Zone has developed a…
- 30Med, a medical education platform, announces a significant milestone in its journey towards transforming healthcare. The company has successfully secured a pre-seed fund, propelling it into a new phase of growth and innovation. Founded by Doctor Ayman Ragab, a visionary entrepreneur with a proven…
- Moroccan FinTech startup Tookeez has proudly secured a substantial $1.5 million in a recent fundraising round led by the esteemed Azur Innovation Fund. Founded in 2020 by Hicham Amadi, Wiam Elmejjad, and Siham Elmejjad, Tookeez consolidates loyalty points from a variety of brands into a single…
- XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its fourth fund, African Rivers Fund IV (ARF IV), with a first close of US$98.7 million. XSML Capital was founded in 2008 to help talented entrepreneurs in frontier markets in Africa grow their…
- Morocco-based superapp ORA Technologies has secured US$1.5 million in seed funding from local entrepreneurs to help with its expansion plans. Founded in 2023 by Omar Alami, ORA has built a mobile app that offers multiple features, including P2P transactions, an e-commerce platform, on-demand…
- TowerCo of Africa Uganda has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank of Austria (OeEB) and Belgian Investment Company for Developing countries, to support new investment aimed at significantly…
- Planet42, a South Africa-based car subscription company, has raised $16 million debt and equity funding from Standard Bank, marking a strategic move to local-currency funding and expanding its vehicle financing solutions. Founded in 2017 by Eerik Oja and Marten Orgna, Planet42 uses data and…
- VC firm Ring Capital has announced the launch of Ring Africa, its impact investment vehicle for French-speaking West Africa, which aims to support young start-ups with a strong social and environmental impact, and has a target of EUR50 million (US$55 million). Ring Capital finances and supports…
- The South Africa-based Simera Sense, a global leader in providing end-to-end optical payload solutions to the small satellite Earth observation industry, has raised EUR13.5 million (US$14.8 million) to help it develop its product range, increase production, and accelerate on-board processing…
- Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small businesses in South Africa,…
- Egypt-based adtech dKilo has secured $3.2 million in seed funding, mix of equity and financing, from Upturn Ventures, to create a new channel for brands to engage with consumers through its online platform. Founded in 2020 by Mohamed Mousa and Sherif Abdelaty, dKilo is a technology company in the…
- South African digital healthcare marketplace startup RecoMed has raised an undisclosed – yet sizeable – amount of funding from the Japanese pharmaceutical firm Eisai to help it continue on its growth trajectory. RecoMed is a tech-driven online healthcare marketplace and booking platform that…
