Building on the Seed Investment by DOB Equity and $9.5 million funding by Mastercard Foundation, Moringa has received additional investment from Proparco to support its expansion outside Kenya. The new funding has seen the tech-based learning [c]
On the heels of a recent $1.50 million (Kshs 170 million) investment which helped to unlock for Kenyan citizens greater, real-time access to health insurance, plus other general insurance products, Kenyan insurtech and digital insurance [c]
The African Venture Philanthropy Alliance (AVPA), Ashoka, and Social Innovation Circle, sponsored by Boehringer Ingelheim as part of their “Making More Health” and Boehringer Ingelheim CSR initiatives, have partnered to launch the African Healthcare Funders [c]
International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured $4 million (R64 million) in funding as it prepares to [c]
WafR, an application that allows retail brands to broadcast smart promotions to grocers to increase their market share on the traditional channel, has announced that it has raised $455,000 in addition to the $620,000 previously [c]
Bamba, a mobile-first enterprise software for micro-merchants in Africa, has secured $3.2 million in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the round with participation [c]
Norebase, the African trade technology company building a single platform for businesses to start, scale and operate in any African country, has secured a $1 million pre-seed funding round, co-led by Samurai Incubate and Consonance [c]
OnePort 365, a digital freight forwarding company that makes it easier to move cargo to, from and within Africa, has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in [c]
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa. Starting [c]
After the successful conclusion of the first round of funding of $372,000, WafR, an application that allows retail brands to broadcast smart promotions to grocers to increase their market share on the traditional channel, has [c]
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, has announced a $18 million seed round raise. An undisclosed large FinTech investor led the [c]
Flutterwave, a technology company, has announced that it has raised $250 million in Series D funding. The latest investment puts the valuation of the company at over $3 billion as the brand continues to transform [c]
BasiGo, an electric vehicle technology and financing company bringing electric bus services to sub-Saharan Africa, has announced a $4.3 million Seed funding round, led by Novastar Ventures with participation from several Silicon Valley investors including: [c]
Copia Global has announces that it has raised $50 million in a Series C equity round led by Goodwell Investments. Copia is the first and only B2C e-commerce platform with a distribution solution to serve [c]
Afrikrea, the Ivory Coast-based e-commerce platform for “all things made of Africa”, has announced the successful completion of a $6.2 million pre-Series A round led by Investisseurs & Partenaires and the rebrand to “ANKA”, its [c]
IRONSCALES, an Israel-based provider of AI-powered email security solutions, has raised $64 million in a Series C funding round led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies, [c]
Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program targets applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, [c]
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on investors, TLcom Capital and 4DX Ventures, the round also had participation from existing investors, Golden [c]
Fintech company pawaPay, has secured a $9 million in new funding round. The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital. The capital [c]
Wapi Pay, a fintech based in Singapore and headquartered in Kenya, has raised $2.2 million (about Kshs 220 million) in pre-seed funding to expand its global payments and remittances services between Africa and Asia. Wapi [c]
Glovo, a multi-category delivery platform, has announced that it has raised €450 million ($531 million or Kshs 58 billion) in its Series F funding round led by New York-based investment managers Lugard Road Capital and [c]
The World Health Organisation (WHO) states on its website that there are currently more than 50 Covid-19 vaccine candidates in trials. The organization is working in partnership with scientists, business, and global health organizations through the ACT [c]
HMD Global, the vendor of Nokia phones, has announced that it has successfully raised $230 million in the first closing of its current funding round from some of its top global strategic partners. As well [c]
Joe Mucheru, the CS for ICT, Innovation and Youth Affairs last week presided over the COVID-19 ICT Advisory Committee’s online showcase of local ICT innovations developed to help combat the pandemic, as well as stimulate [c]
Nigerian fintech platform Okra has secured a $1 million pre-seed investment from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to [c]
Logistics platform, Sendy, which has been in existence for 5 years, connects drivers with businesses through technology making it easier for them to move goods locally and regionally, has raised Kshs 2 billion in fresh [c]
Wefarm, the digital network for small-scale agricultural producers, has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures. The funds will help Wefarm further scale its [c]
More than 500 delegates are set to meet in Nairobi in December to discuss ways of funding social innovations across Africa. The Impact!Africa Summit will bring together social entrepreneurs from the public and private sectors [c]
In the last three years, start-ups have been generating a growing interest in Morocco among public institutions, international organizations and corporates. At the African level, startups have managed to attract more than $1 billion in [c]
After serving at Mest Africa, the entrepreneurial training program, seed fund, and incubator for about 2 years as the organisation’s MD, Aaron Fu has announced his departure from his position and the organisation. Fu has [c]
Manufacturer and provider of solar power products, d.light, has announced a $18 million investment from a consortium of lenders with a focus on the renewable energy space including; two responsAbility-managed funds, SunFunder, DWM and SIMA. [c]
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