Ghana-based fintech Dash, has announced that it has raised $32.8 million in an oversubscribed seed round. The round, which comes after a $500,000 pre-seed, continues a list of fintech deals amid a wave of innovation rippling through the sector, which accounted for up to 60% of Africa’s

Egyptian patient-centred pharmacy benefits platform using AI to improve health services, Chefaa, has raised a funding round from Newtown Partners, Global Brain and GMS Capital Partners. The undisclosed round is part of Chefaa’s journey to further expand its network, support the release of its Chefaa Prime product, a complete

East Africa’s premier femtech retailer for high-quality, affordable health and personal care items, Kasha Global, has announced it secured a $300,000 Series A2 Bridge fundraising round from Beyond Capital Ventures, a new women-led impact venture capital business. Kasha was launched in 2016 by Amanda Arch and Joanna Bichsel.

Egypt-based online legal education platform, Kouncel, has secured $1.2 million pre-Seed round. The whole cash raised will be divided into two parts: $280,000 in banknotes and the remainder in in-kind services. The round was led by Zaldi Capital. The African Development Bank (AFDB), the Academy for Scientific Research

Canza Finance, an emerging markets neobank that is building the world’s largest non-institutional-based financial system, announced the completion of its $3.27M seed round. The funding round was led by Fenbushi Capital. Dominance Ventures, Bixin Ventures, Consensys, Protocol Labs, Emergo Ventures, MEXC Global, NGC Ventures, XanPool, Hashkey, the founders

Egypt-based e-commerce platform offering products for mothers, soon-to-be mothers and children Mumerz, has raised $1.2 million in a pre-Seed round led by Disruptech, a local venture capital firm. The startup was co-founded in 2021 by Amir Shenouda and Nadia Gamal El Din, to address the information, advising, and product

Kenyan Fintech platform providing financing and digital financial services to underbanked consumers across four markets in Africa, M-KOPA, has announced it secured $75M in a Growth Equity round to bring the startup’s  total equity funding to $190M. The round was led by Generation Investment Management and Broadscale Group, with

Africa’s tech space is unleashing innovation that drives job creation and economic opportunities. African startups are leveraging expansive access to finance and funding to build technological competitiveness. Speaking of African startups’ record breaking 2021 is probably sounding like a broken record now. However, continuing with the current funding pace

MENA region’s B2B agri-supply chain platforms, FreshSource, has just announced a seven-figure investment from 4DX Ventures and Wamda. The funding round will be used to scale its operations across Egypt and serve more farming communities. The Cairo-based, fresh food platform was launched in 2019 by Farah Emara and Omar

North African Disrupt The Egyptian government has shown increased support to further boost the country’s startup ecosystem and disrupt tech. Egypt’s technology and innovation-driven ecosystem has seen nothing but growth in the past years. As such, the number of startups in Egypt has grown fast, while also attracting

Tunisian digital insurance startup, Avidea, has announced it raised $696k in a Pre-Series A funding round to hire more talent, expand the product’s functional scope, and expand to new markets. The investment round was led by Capsa Capital Partners, a private equity firm and vehicle 216 Capital Fund. Avidea

Key players and Features of previous industrial revolutions In discussing Africa’s Tech Savvy Youths and the 4IR, it is important to ascertain its development. At the traditional stage, the world was not tech savvy. Western Europe was characterized by a subsistent, agricultural based economy, with intensive labor and low

South African Edtech startup, Excel@Uni, has announced it raised $314k from impact investor E Squared to address the challenges that higher education faces. Excel@Uni was launched in 2018 by Lungelo Linda Gumede to support students through college by connecting them with exceptionally dedicated tutors. Tutors undergo a rigorous

Nigerian vehicle repair and maintenance startup Mecho Autotech has raised $2.15M in a seed funding round to expand its capacities and acquire more customers. Investors in the round included Future Africa, Hoaq Capital, Cathexis Ventures, V8 Capital, Silver Squid, Tekedia Capital,  and the round was oversubscribed by over 300%

Senegalese B2B Ecommerce platform for FMCG products, ProXalys, has raised $150k in pre-seed funding to expand across the country and, later, the West African region. Haskè Ventures, a venture builder based in Dakar and focused on transforming the startup landscape led the investment round. ProXalys was founded in 2021 by

Kenyan digital trucking logistics startup Amitruck has raised a $4 million seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the United States to accelerate its expansion across Africa. Better Tomorrow Ventures (BTV) led the round, a San Francisco-based venture capital firm

Egyptian on-demand delivery startup building a network of dark stores and micro-warehouses across Egypt, Yalla Fel Sekka (YFS), has secured a $7 million Series A round. DisruptAD led the Series A round while ADQ’s venture platform, and Kuwait-based Kharafi Group, funded the startup again in this round. Launched in

Nigerian Edtech platform providing curriculum to improve/upskill non-technical people with technical and soft skills while partnering with higher institutions to provide diploma certificates, AltSchool, has announced it raised $1 million in pre-seed funding to scale its efforts. The round featured Nigerian entertainer, Folarin Falana (Falz); Flutterwave Founder, Olugbenga GB

Nigerian brokerage app that lets Africans buy and trade US stocks in real-time, Bamboo, has announced it raised $15 million Series A funding round to accelerate its growth, move into new markets and launch more products. The round was led by Greycroft and Tiger Global with participation from Motley Fool

Cairo-based mobile app developer, Splendapp, has announced it raised an undisclosed six-figure pre-Seed round from a cluster of Saudi angel investors. Splendapp is a mobile app creator offered as a SaaS solution launched in 2020 by Mohamed Khaled and Mohamed Shahin. The startup leverages an engine built to be used

South African conversational commerce startup allowing personalized engagements between companies and users, CompariSure, has raised $980 K in a pre-Series A funding round to help it expand the usage of its chatbot technology. The round was led by  HAVAÍC and featured 4Di Capital. The startup plans to use the funding