Andela, a global company that helps tech companies build remote engineering teams, has today announced the close of a $200 million Series E round at a valuation of $1.5 billion. The round was led by Softbank Vision Fund 2, the $30 billion venture fund of Japanese conglomerate, SoftBank Group.

Talabat, one of the leading food and grocery delivery apps in Egypt and the Middle East, has announced the expansion of its outsourcing services in Egypt with a regional customer service centre located in Cairo. This expansion is coming after the company’s one-year anniversary since its rebranding. This will

Pan-African cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. The round was led by Valar Ventures, Third Prime, and Castle Island Ventures with participation from Square, Inc., Blockchain.com

ReelFruit, a premium dried fruit company recognized for its high-quality healthy snacks, has closed a $3 million Series A investment. The round was led by Alitheia IDF with a $2 million investment. Other participants in the round include Samata Capital and Flying Doctor Healthcare Investment Company. New Practice served as

Zola Electric, a solar-hybrid renewable energy provider has raised $90 million capital to develop next-generation hardware and software, and to enter new markets. The funds comprise a $45 million equity raise and the other $45 million in debt. The equity bit was led by TotalEnergies Ventures — the capital venture of

ChipperCash, an African cross-border payment fintech startup, has launched its money transfer and cross-border payment service in South Africa. The startup revealed that these services will be available for free to its South African users via its “super app”. The startup has also enabled features for users to buy, sell

Netflix revealed on Monday that it is launching a free mobile plan for users in Kenya; a move the streaming giant believes will boost user growth and lead to the adoption of its paid service in the East African nation with over 20 million internet users. “If you’ve never

Cartona, an Egyptian B2B platform that connects retailers to manufacturers and wholesalers has announced the successful close of a $4.5 million Pre-Series A fundraise. The round was led by Dubai-based, international venture capital firm, Global Ventures. Other participants in the round include Kepple Africa Ventures, T5 Ventures, and a

54gene, a health technology company with operations in Nigeria and US, has secured $25 million in a Series B funding round by pan African venture capital firm Cathay AfricInvest Innovation Fund. Other participants in the round include Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others. This

Releaf, a Nigerian agritech startup that develops proprietary hardware and software solutions for African farmers and food factories has secured $4.2 million in seed funding. The total sum comes from a $2.7 million seed funding round and $1.5 million in grants. The funding round was led by

Egypt-based B2B e-commerce startup Capiter has raised a $33 Million Series A funding round to power its rapid expansion into digital financial services and additional markets. The investment was co-led by fintech-focused venture firm, Quona Capital and MSA Capital, an independent and interdisciplinary investment company. Other participating investors include Savola,

Egypt-based fintech and micro-loan solutions provider, Kashat has announced the close of a $1.75 million Bridge funding round to develop its platform and expand its operations. The Bridge round was led by the Pan-African fund Launch Africa, whose mandate is to back companies that tackle the most meaningful challenges

Nigerian digital commerce startup, OurPass has closed a $1 million pre-seed round to scale their one-click checkout platform across the country. The round was led by Tekedia Capital and angel investors from Fortune 500 companies. This round will enable OurPass to hire more talent and further develop its technology. Founded

Kenyan mobile money platform, M-Pesa has announced a milestone of 50 million active users across Africa. Making it the most popular mobile money platform in the continent, and Africa’s largest fintech company. This was revealed by the M-Pesa Africa managing director Sitoyo Lopokoiyit. In a statement to mark the

Egyptian fintech super app, MNT-Halan has closed a $120 million funding round from major global and regional growth investors to enhance its product and expand internationally. The investment – which is the largest single round ever secured by an Egyptian tech startup, was led by Apis Growth Fund II, Development Partners

Pezesha, a Kenyan fintech startup that is currently building a scalable lending infrastructure for SMEs and institutions, has announced the raise of a seven-figure seed extension round to expand its services across Africa. Pezesha is currently operating in three African countries – Kenya, Ghana and Nigeria, with intentions to launch its

In a bid to support high-impact business leaders with access to fundraising support, mentorship, partnership, and strong peer network, Endeavor Nigeria has selected 4 startups to participate in the inaugural cohort of the 10-week Endeavor ScaleUp Programme. The selected startups are; * Releaf: which develops proprietary hardware and software solutions to

U.S. and Senegal-based mobile money provider, Wave has announced the raise of a $200 million Series A financing. This landmark investment shot the valuation of the independent mobile money provider to $1.7 billion. The round which is the largest ever Series A round in Africa was led by

Leading e-payment platform, MyFawry has been awarded as the top fintech app in the Middle East by Forbes Middle East. The report by Forbes also highlighted other leading mobile apps that would help customers make payments, transfer, borrow money as well as invest online. MyFawry already possesses these features and