OneOrder, the Egyptian fintech-enabled restaurant management platform which provides food supplies to hotels, restaurants and cafes, has announced the close of a $3 million Seed round. Led by Nclude, this round also sees follow-on investment [c]
By Thabiso Foto Startups have become vital engines of change that can have an outsized impact on an economy. They are crucial in fueling innovation and enhancing economic and digital competitiveness. They improve access to [c]
BasiGo, the pioneer of electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54, the corporate venture capital arm of Toyota Tsusho; Trucks VC, a transportation-focused venture capital fund in Silicon [c]
Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the [c]
Africa is facing a critical shortfall in funding for climate adaptation according to a new report, State and Trends in Adaptation in Africa 2022, launched by the Global Center on Adaptation. The report reveals that [c]
Internet Service Provider, Mawingu, is on the verge of closing a new investment round in the coming months, as it moves to capture a larger share of the digital market in the country. With over [c]
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch [c]
MaxAB, the food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers in Egypt and Morocco, has today announced the close of a $40 million pre-series B equity round to fuel [c]
FlapKap, the tech-enabled revenue-based financing platform in the North Africa and Middle East (MENA) region, working to revolutionise e-commerce growth, has announced the close of its $3.6 million seed round. The round included participation from [c]
Talk360, the international calling app which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured an additional $3 million in seed round funding, taking [c]
SweepSouth, an online home services platform with presence across Africa, has announced that it has completed an $11 million investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund. The size [c]
Microsoft is expanding its partnership with the African Development Bank (AfDB) to support Africa’s youth entrepreneurs under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative. Through its African Transformation Office (ATO), Microsoft will work with [c]
Turaco, an insurtech startup driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures. [c]
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business [c]
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers to have virtual international [c]
Koolboks, the sustainable cooling company providing accessible cold storage solutions to businesses across Africa, has closed a $2.5 million Seed funding round, led by Aruwa Capital Management and with participation from Acumen, Blue Earth Capital, [c]
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]
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