Acquah Nana Yeboah

mobility

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Treepz, a Nigerian shared mobility startup has announced the close of its seed round at $2.8 million after about 3 months. The startup also announced its expansion to Uganda with the acquisition of Ugandan bus company, Ugabus. According to Treepz, Ugabus, which will be rebranded by Treepz Uganda on

Startup

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

VoxCroft Analytics, a South African open-source intelligence startup, has secured a $2 million investment from Knife Capital. This investment will help accelerate its already rapid expansion in the United States and other foreign markets. VoxCroft has offices in South Africa and the United States, and a global network of more

Business

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

South African fintech startup, Paycode, has secured an undisclosed investment from one of Nigeria’s leading financial services providers, Investment One Financial Services Limited (Investment One). This deal was made through its Venture Capital subsidiary, Investment One Vencap Limited. In a statement, Paycode said this latest investment will be used

Fintech

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow has announced the close of a $48 million Series B funding round to enhance its product offering and expand into new markets. Ozow’s $48 million Series B round is led by the Chinese internet giant, Tencent, and also includes Endeavor Catalyst and Endeavor Harvest

Funding

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South-African medical and security response platform, AURA, has raised $4.7m in a Series A funding round to scale its operations globally. The round was led by MultiChoice Group (MCG) with participation from KLT Holdings and Buffet Investments. Founded in 2016 by Warren Myers, Ryan Green and Adam Pantanowitz, AURA

Funding

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers, a Nigerian tech-enabled shared mobility startup has raised $1.6 million in seed funding to scale its operations across cities in Africa. The investment round was led by Chicago and Africa-focused investment firm VestedWorld. Other investors that participated were Payment giant Interswitch, Rising Tide Africa, CcHub Syndicate, Launch Africa,

Funding

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Zembo, a French startup with operations in Uganda, has raised $3.4 million to help grow its electric motorcycle business in Kampala, Uganda. Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa all participated in the investment deal.

Funding

Nigerian health-tech startup, DrugStoc raises $4.4m Series A to expand its operations

Nigerian drug distribution startup, DrugStoc has announced the raise of a $4.4m Series A funding to expand across Nigeria. The Series A round was led by Africa HealthCare Master Fund (AAIC) with participation from Vested World, a repeat investor, and the German Development Bank (DEG). Other private individuals also

Funding

SA insurance API startup Root secures $3m seed funding to expand its infrastructure

Root, a Cape Town-based low-code insurance platform start-up, has closed a $3 million seed funding round to help expand its infrastructure build to support the digital insurance economy. Primary backers Invenfin, Base Capital, Savannah Fund, P1 Ventures, FireID, and Luno were joined by a select group of high-impact angel investors

Funding.

Egyptian edtech startup, Educatly raises $1 million pre-Seed round

Educatly, an Egyptian EdTech platform that allows students to search, compare and apply to over+ 120,000 live and ongoing higher education opportunities worldwide, has secured $1 million in a pre-seed funding round. Enterprise Ireland, Falak Startups, and other Angel Investors participated in the investment round. Educatly is on a

Startup

Egypt grocery delivery startup, RabbitMart secures $11M record pre-seed funding for its expansion

RabbitMart, a Cairo-based e-grocery startup, has secured $11 million in pre-seed funding, signaling the largest ever pre-seed round in the Middle East and Sub-Saharan Africa region. Investors in the round include Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital, amongst other international investors. “We have been

MFS Africa raises $100m to expand its digital payments network

Africa’s largest digital payments network, MFS Africa, has raised $100 million in a Series C equity and debt financing round. The round was co-led by a new investor, AfricInvest FIVE alongside existing investors Goodwell Investments and LUN Partner Group. CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest also

Funding

Nigerian owned Oja bags $3.4M to build an online cultural supermarket for Londoners

Oja, a Nigerian owned, London based eCommerce startup has announced the raise of a $3.4M pre-seed round to build an online supermarket that targets the UK’s growing cultural communities. The round was led by LocalGlobal, with participation from Acequia Capital; Tiny VC and HoaQ Fund. Private investors such

flutterwave

Flutterwave makes a play for the creator economy by acquiring Disha, a content creator platform

African digital payment platform, Flutterwave, has announced its acquisition of Disha, a content creator platform for an undisclosed amount. The acquisition represents Flutterwave’s first public acquisition since it was launched in 2016 to tackle Africa’s payments problems. Sources privy to the deal hints that the purchase price is

Grindstone Ventures launches a $6.5m female-led capital fund to support innovative tech startups

Grindstone Ventures has announced the launch of a $6.5m (R100 million) female-led African venture capital fund dedicated to supporting South African technology startups who have completed or are part, of its Grindstone Accelerator programme. The female-led African venture capital fund will be focused on post-seed investments, where there is

South African JUMO closes $120 M funding round led by Fidelity

JUMO, a South African and UK-based technology company, building next-generation financial services for emerging market entrepreneurs, has announced on Monday that it secured $120 million from new and existing investors. The investment was led by Fidelity Management & Research Company, LLC, marking its first investment in an emerging markets fintech

Funding

Egyptian grocery delivery startup, Breadfast secures $26m Series A round for regional expansion

Egypt-based grocery delivery startup, Breadfast has closed a $26 million Series A funding round co-led by Vostok New Ventures and Endure Capital. Other investors who participated in the round include Tinder’s co-founder Justin Mateen JAM Fund, YC Continuity Fund, Shorooq Partners, 4DX Ventures, and Flexport. It brings Breadfast’s

Funding

Nigerian Edtech Startup, Semicolon Africa, closes $1.2 Million seed round

Semicolon Africa, a Lagos-based EdTech startup, has closed a $1.2M Seed round of funding to increase its training, talent management, and project delivery capacity. The oversubscribed seed round saw participation from angels and VCs like Launch Africa Ventures and Consonance Investment Managers. Founded in 2019 by Sam Immanuel, a

Funding

Nigerian fintech startup, PayHippo raises $3M to widen credit access for SMEs

Small businesses play a big role in creating jobs and building the economies of most emerging economies. In Nigeria, small businesses account for 96 per cent of companies, 84 per cent of employment, and 48 per cent of the national GDP. However, one of the major challenges small businesses face

Startup

Basigo launches operations in Kenya, after closing a $1M pre-seed round

BasiGo, an e-mobility startup based in Nairobi, has on Tuesday, announced its entry into the Kenyan market. This announcement is coming after the startup raised a $1 million pre-seed funding. The company will provide electric buses for purchase by public transport providers, offering them a more environmentally sustainable solution that

Funding

Kenyan agri-tech startup Twiga secures $50m funding for expansion

Twiga, a Kenyan B2B agritech startup has announced the close of a $50 million Series C round, to drive its expansion in East Africa and other neighboring countries. The startup had previously secured $30 million in a Series B round and $10.3 million in a Series A round. According

Funding

Flutterwave seeks to raise a new funding round to triple valuation

Flutterwave, an African fintech startup powering payment is seeking to raise a new funding round at a valuation of $3billion or more, according to Bloomberg. This new round is expected to triple its last valuation according to sources familiar with the matter. According to Bloomberg, the startup recently held discussions

Startup

Emerging markets fintech financer, Lendable, seeks to raise $100M for African and Asian Startups

Lendable, an emerging markets fintech financier has revealed in a statement that it is planning to raise a $100 million fund to invest in African and Asian fintech companies. The new fund, which the firm dubbed the MSME Fintech Credit Fund will provide credit to African and Asian fintech companies

Eden Life

Eden Life secures $1.4M seed to provide home services to busy Africans

Africa’s foremost home services app, Eden Life, has completed a $1.4m seed round. The funding round was led by UK-based LocalGlobe. Other participants in the round include Future Africa, Samurai Incubate, Village Global, Rising Tide Africa, and Enza Capital. The funding round brings Eden Life’s total investment

Funding

South African d6 Group closes an undisclosed funding round

South African edtech startup, d6 Group has raised an undisclosed amount in investment funding from Knife Capital, Hlayisani Growth Fund Stellenbosch, and NuState Ventures. The cloud-based management and communication platform is reportedly the most widely used in Africa and plans to use the secured investment towards the international expansion of