- South African payroll and HR company PaySpace has been acquired by the US firm Deel in a partnership that makes the latter the market leader in the global payroll space. PaySpace provides multi-country payroll and HR functionalities with built-in compliance for organizations of all sizes and…
- Nigeria’s Jamit, a decentralized podcast hosting platform and Kenya’s Shamba Records which wants to revolutionize AgTech in Africa have received $135,000 each from CV Labs, the global accelerator pillar of Switzerland’s blockchain venture capital firm CV VC. The CV Labs Accelerator provides each…
- In an evolving world of technology, innovation and upskilling, SMEs and young graduates can not be left out any longer as businesses now require rigorous knowledge intake, mind-tasking innovation, as well as great upskilling in order to be elevated to a spectacular sphere. On Thursday, February…
- MDaaS Global, a Nigerian health tech company that operates a network of tech-enabled diagnostic centers across the country, has secured $3 million in pre-Series A funding. The round was led by Aruwa Capital and Newton Partners, the latter of which was the lead investor in the health tech’s $2.3…
- South African venture capital company Conducive Capital has launched a US$50 million fund to invest in early- and growth- stage startups in South Africa and Africa. Founded by Clive Butkow, founder and former CEO of Kalon Venture Partners, and Mitchan Adams, co-founder of South African fintech…
- Egypt’s MoneyHash, a leading payment orchestration platform in the Middle East and Africa, has raised a US$4.5 million seed funding round to help it expand. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has developed a proprietary payment orchestration platform and end-to-end…
- Nigerian fintech startup BFREE, a leading ethical credit manager platform, has raised a US$2.95 million round of funding to enhance its product suite. Founded in 2020 by Julian Flosbach, Chukwudi Enyi, and Moses Nmor, BFREE leverages AI technology to transform the credit collection process across…
- South African startup Cue, a fast-growing provider of AI-enabled customer service chat software, has closed a US$2 million seed round of funding to deliver deeper integration of AI into its platform and fuel its growth and expansion. Founded in 2015, Cue enables businesses to help customers quickly…
- She Code Africa has received funding from FedEx, one of the world’s largest express transportation companies, to help 100 African women kickstart their careers in the tech industry. This support includes teaching participants tech skills, guiding their career paths, providing resources, and…
- Egyptian venture capital firm Acasia Ventures joined a $1.5 million pre-seed funding round for Kenyan digital commerce startup tappi. The round was led by Mercy Corps Ventures and Chui Ventures and joined by international VC firms and angel investors, as well as advisors from Google and Salesforce…
- In continuing to work towards sustainably bridging Africa’s digital divide, E3 Capital to announce its investment in Badili Africa’s (Badili) Seed funding round. Badili provides access to top-tier smartphone brands for consumers in Kenya, Uganda and Tanzania, utilising local refurbishment to offer…
- South African startup Hohm Energy, which helps homeowners and businesses to go solar with accredited solar installers, product suppliers, and embedded solar finance, has raised US$8 million in seed funding to help it scale. Launched in 2021 by Tim Ohlsen and Emir Gluhbegovic, Hohm Energy has built…
- Uganda’s Level Africa has raised funding from Renew Capital to simplify access to African capital markets by streamlining the investment process, enabling quick and easy access to bonds, stocks and other financial instruments from a smartphone or laptop in just five minutes. As a regulated fintech…
- Sawa Energy, a solar electricity solution powering Rwandan businesses with clean and renewable energy has received new funding from Renew Capital to provide critical power for small and medium businesses. With operations in Rwanda and Uganda, Sawa Energy eliminates upfront costs, making solar and…
- Techstars, the startup investor in Africa, held its second pan-African Demo Day in partnership with Lagos-based innovation program, the ARM Labs Lagos Techstars Accelerator Demo Day. The three-month accelerator program saw 12 startups present to Techstars’ vast network of investors, mentors, senior…
- Digital Africa, an investment fund formed by a multinational community of partners to support Africa’s digital entrepreneurs – incubators, financial institutions, venture capitalists and tech clusters, has invested in Kwely Inc., a Senegalese startup, to help propel its global expansion. Through…
- Sawari Ventures, an investment company, has announced plans to launch a new fund with an investment target of approximately $150 million in Egyptian startups, as stated by CEO and co-founder Hani Al Sanbati. Al Sanbati emphasized in an official statement that Sawari Ventures is targeting various…
- Arnergy, a Nigerian clean tech startup that deals in distributed renewable energy products and solutions, has raised $3 million in new financing. The bridge round was financed by All On, a Shell-backed off-grid energy impact investment company. The financing comes five years after Arnergy, a…
- Partech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close. At that size, Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund…
- Logidoo, a rising star in the African logistics and e-commerce sector, has proudly announced a significant boost in its seed funding, securing $1,550,000. This investment, led by a consortium of venture capitalists such as Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia…
- Ghanaian tech talent startup Remoteli has raised US$315,000 in funding from Dutch professional footballer Jeremie Frimpong, aimed at supporting its work in revolutionising the African employment landscape. Launched in 2020, Remoteli is a technology-driven platform that specialises in connecting…
- GFA Technologies proudly announces the onboarding of four esteemed professionals, Oscar Ramos, Gbite Oduneye, Neha Shah, and Linda Hastrup re-establishing its commitment to nurturing innovation and growth in the African Business landscape. Gbite Oduneye is the founder and managing partner of ODBA…
- The Catalyst Fund has invested $1.8 million in 9 early-stage climate tech startups across Africa, bringing their total portfolio to 19 companies driving climate adaptation and resilience on the continent across 8 different markets: Kenya, Egypt, Morocco, Nigeria, Senegal, South Africa, Tanzania,…
- Kenyan electric mobility startup Roam, previously Opibus, has raised US$24 million in debt and equity funding to help accelerate its expansion across Africa. Founded in 2017, and rebranded earlier this year, Roam is the leading provider of electric vehicles designed and manufactured locally. Its…
- Mody-Oury B, the esteemed CEO of Cote d’Ivoire based company Transnumerik, a Microsoft Gold Partner that offers cutting-edge Microsoft certified business solutions to African companies, paid a visit to GFA Technologies on Thursday, 8th of February, 2024. The meeting between the two technology…
- GFA Technologies proudly announces the onboarding of four esteemed professionals, Oscar Ramos, Gbite Oduneye, Neha Shah, and Linda Hastrup re-establishing its commitment to nurturing innovation and growth in the African Business landscape. Gbite Oduneye Gbite Oduneye is the founder and managing…
- Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the…
- As climate change intensifies health challenges across Africa, Tanzanian healthcare startup, Medikea has secured crucial funding to tackle these growing concerns. The Catalyst Fund, an impact investment firm focused on emerging markets, has invested in Medikea, recognizing its innovative approach…
- Uganda-based electric cooking startup PowerUP has announced the initial close of its seed round to expand to new geographies and products. PowerUP develops and deploys smart-metered PAYGO electric stoves customised for the African markets, with these solutions having so far cleaned up cooking in…
- Klas, a Nigerian edtech startup, secured $1 million in pre-seed funding. Its strategy involves scaling across Africa and extending its online teaching platform to India and North America. Klas, a Nigerian edtech startup has raised $1 million in pre-seed funding led by Ingressive Capital, with…
- Nigerian startup alGROWithm has secured funding to scale its proprietary Growth Talent Accelerator Programme to more people across six African countries. Founded in March 2022, alGROWithm is the company behind the Growth Talent Accelerator Programme, which provides ed-tech solutions to growth…
- Kenyan e-health startup Benacare and Zambian fintech Mighty Finance have raised funding from Village Capital and Standard Chartered Bank through a new female-focused financing facility. Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the bank’s…
- South Africa’s Athena has secured an additional $150,000 from Founders Factory Africa to allow patients to split their medical bills into monthly instalments. The additional investment brings its total investment from FFA to $250,000. Established in 2022, Athena is a healthcare financing company…
- Egypt-based AI-powered logistics startup Roboost, has closed a $3 million investment round, led by Silicon Badia, with contributions from RZM Investment, Flat6Labs, and Saudi Arabian angel investors. The new round of funding will be used to fuel the company’s next phase of regional expansion. …
- Egypt-based logistics startup Bosta, has raised an undisclosed amount in investment led by Avanz Capital Egypt (ACE) Founded in 2017 by Mohamed Ezzat and Ahmed Gaber, Bosta offers its users first, middle, and last-mile delivery, offering a next-day delivery service across the globe. Earlier in…
- Kenyan startup, Apollo Agriculture, a commercial farming platform that helps small-scale farmers maximise their profits, has raised US$10 million in funding to help it continue to grow. Founded in 2019, Apollo Agriculture empowers farmers to increase their profitability with access to financing,…
- South African startup Carry1st, Africa’s leading game publisher and digital commerce platform, has secured a strategic investment from the Sony Innovation Fund: Africa, the venture capital arm of Sony Group Corporation, making it the new fund’s first investment. Founded in 2018 and based in Cape…
- Senegalese startup ProXalys, which specialises in digital transformation in B2B commerce, has raised a US$500,000 funding round to help it scale. Founded in 2021 by Thierno Sakho, ProXalys aims to modernise and empower Senegal’s informal traders, digitising the entire value chain and reinventing…
- South African developer hiring marketplace, OfferZen has successfully closed a EUR4 million (US$4.3 million) funding round from top-tier investors, while also announcing a reformatting of its business model and some personnel changes. Founded in 2015 and launched in 2016, OfferZen is a developer…
- Bosta, Egypt’s delivery processing and logistics platform operating in Egypt and Saudi Arabia has raised undisclosed funding from Madagascar’s Axian Group to bolster its middle, and last-mile delivery services for its customers. Axian Group’s investment will support Bosta’s growth and advance its…
- Kenyan climate-tech startup KOKO, has raised an undisclosed amount of funding from Rand Merchant Bank (RMB). KOKO replaces demand for charcoal through supplying over 1.1 million homes with bioethanol cooking fuel distributed through a dense network of high-tech KOKO Fuel ATMs located in thousands…
- A Tanzanian B2B pharmaceutical company, Dawa Mkononi, is gearing up to expand its reach across East Africa thanks to a fresh round of funding. The company, whose name translates to “Medicine at your Palms,” has secured financial backing from an impressive consortium of investors, including: Sanofi…
- Sun King, the leading provider of solar energy solutions for off-grid homes in Africa and Asia, has secured a $7 million loan from Lendable, a major financier for fintech companies in developing markets. This collaboration will fuel Sun King’s expansion, bringing clean energy to more low-income…
- Zeal is excited to announce a successful $4M funding round led by Raed Ventures and Cur8 Capital, along with strategic angel investors. This capital injection is aimed at expanding Zeal’s innovative technology solutions across the EMEA region, following its recent expansion into the UK market.…
- Orange has been a sponsor and exclusive worldwide telecommunications partner of the Confédération Africaine de Football (CAF) since 2008. This long-standing partnership has been renewed with CAF, reinforcing the shared commitment around football development, diversity and inclusion in Africa. The…
- Kenyan startup Badili, a reverse commerce, or “re-commerce”, platform for refurbished phones, has secured an undisclosed amount of seed funding from E3 Capital to help it expand into more markets across East Africa. Founded in 2021 and already operating in Kenya, Tanzania, and Uganda, Badili …
- Lapaire, an African eyewear startup, has raised $3 million to drive its expansion across the continent. Impact investment fund, Investisseurs & Partenaires (I&P), led the equity round, which had AAIC, FINCA Ventures, and Beyond Capital pitching in. CrossBoundary provided advisory support…
- Egypt’s “FriendyM”’, the car management and maintenance startup has raised $2 million in seed investment to expand locally in Egypt and bolster its operations in the Kingdom of Saudi Arabia and the United Arab Emirates. The startup provides its services to customers in the Cairo and Alexandria and…
- Parallel Wireless, a player in Open RAN technology, has partnered with Hotspot Network Ltd, a Network-as-a-Service (NaaS) provider, to extend coverage to previously unconnected rural sites throughout Nigeria. This collaboration aims to connect residents of rural regions to essential services, such…
- Founded in 2022 by Nasreddine Riahi and Ayoub Rabeh, Cynoia aims to simplify and optimise collaboration within companies. Its platform consolidates a comprehensive suite of essential tools, encompassing everything from chat and video conferencing to email and calendar management, document handling…
