Joel Nwankwo - (Page 30)

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Joel Nwankwo

Writer, TECHist and Data analyst.

31 African startups selected for Smart Cities Innovation Program

31 African startups selected for Smart Cities Innovation Program

Smart Cities Innovation Program (SCIP) has announced the thirty-one African tech startups that have been selected to take part in the Smart Cities Innovation Programme, which aims to help selected startups scale up their products and services to boost urban transformation. The SCIP program which is partnered by several companies

African Agritech Startups Can Benefit from the KfW- Sahel Capital Partnership

The German development bank KfW in partnership with Lagos based Sahel Capital has announced that Agritech startups can apply for the $24m Social Enterprise Fund for Agriculture and Agritech startups in Africa (SEFAA). The SEFAA program will largely invest in debt (with the option of investing some stock or quasi-equity)

Absa Bank Kenya and Melanin Kapital partners to launch unsecured lending for startups

Absa Bank Kenya and Melanin Kapital partners to launch unsecured lending for startups

Absa Bank Kenya has partnered with pan-African investment platform Melanin Kapital, to social impact-driven African startups access up to $27k funding. The initiative which has been dubbed Tuungane2x is expected to reach 1,000 women-focused startups and enhance financial inclusion by providing them with financial training, investment-readiness capacity building, structured

Pan-African Edtech startup eLearnAfrica Develops Platform to Deliver Free Courses to University Students

Pan-African Edtech startup eLearnAfrica Develops Platform to Deliver Free Courses to University Students

Pan-African Edtech startup eLearnAfrica has partnered with the Association of African Universities (AAU) to design, build and deploy learning management systems across the continent, giving university students access to free online courses. eLearnAfrica was launched in 2016, with the aim of providing African universities with inexpensive tools to incorporate eLearning

South African Payroll Software Startup HelloHR Raises Funding from Finclusion Group

South African Payroll Software Startup HelloHR Raises Funding from Finclusion Group

South African payroll software startup HelloHR has announced it secured an undisclosed amount of funding from the Mauritius-based Finclusion Group. HelloHR was founded by Bernard Bravenboer to make handling payroll and HR administration easier for small businesses. The startup leverages its cloud-based payroll solution to connect accountants, organisations, and employees

South African Agri-fintech Startup HelloChoice secures Funding from Standard Bank

South African Agri-fintech Startup HelloChoice secures Funding from Standard Bank

South African Agri-fintech startup HelloChoice has announced it secured an undisclosed amount of investment from Standard Bank. The investment from Standard Bank comes with a 25% equity stake in the startup as it looks to strengthen its service and product delivery as the leading digital fresh produce and agricultural marketplace.

Africa Data Centres Launches Continent's Largest-ever Data Centre

Africa Data Centres Launches Continent's Largest-ever Data Centre

The only pan-African network of innovators and tech marketplace, Africa Data Centers, has completed its new Johannesburg data center, based in its Midrand Campus. The facility which the company claims to be the largest in Africa and designed with the latest global standards is said to be the location for

Egyptian Social Commerce Startup Brimore Completes Investment round from Fawry

Egyptian Social Commerce Startup Brimore Completes Investment round from Fawry

Egypt-based social commerce startup Brimore has announced that it has finalized a $3.5m investment from e-payments solutions and banking services provider Fawry. Brimore was founded in 2017. The startups aim at providing payment and supply chain facilities for SMEs selling thousands of products including packaged foods, personal care, and

Egyptian E-commerce Startup Shiphaly Secures Six-figure Funding From Angel Investors

Egyptian E-commerce Startup Shiphaly Secures Six-figure Funding From Angel Investors

Cairo-based e-commerce startup Shiphaly, which connects shoppers and travelers, has announced it raised undisclosed six-figure amounts from Saudi Arabian and Egyptian angel investors. The round was led by Faisal Abdulsalam, the creator of Purity and an angel investor in Saudi Arabia and Egypt. Shiphaly is an e-commerce startup founded in

Uganda’s gnuGrid raises $612k seed round to Delve into fintech space

Uganda’s gnuGrid raises $612k seed round to Delve into fintech space

Ugandan solar startup gnuGrid has announced the increase of its seed funding round to $612,500 as it accelerates plans to offer Fintech services in the region. gnuGrid was launched in 2019 by the duo of David Opio and James Dailey. The startup aims to streamline and automate the highly

Nigerian Fintech Startup Infibranches Secures $2m Funding Round from Shell Foundation

Nigerian Fintech Startup Infibranches Secures $2m Funding Round from Shell Foundation

Shell-backed impact investment firm All On has announced a $2m investment in fintech firm Infibranches Technologies Limited as it bid to bridge the energy distribution gap in Nigeria. Infibranches Technologies Limited was founded in 2019 by Olusola Owoyemi. The Fintech startup is focused on providing access to digital financial services

Egypt-based Fintech Startup Dopay Raises $18m Series A Round

Egypt-based Fintech Startup Dopay Raises $18m Series A Round

Less than a month after securing Egypt’s second banking agent license, Egyptian Fintech startup Dopay, has announced it raised $18m in a Series A round. The round was led by Force Over Mass Capital, FMO, and NN Group. Mbuyu Capital and Alder Tree Investments also contributed significantly. Dopay was

Kenyan Church-focused Fintech startup Jumuisha raises Seed Fund

Kenyan Church-focused Fintech startup Jumuisha raises Seed Fund

Kenyan church-focused Fintech startup Jumuisha, has announced it raised an undisclosed amount in a seed funding round to help it scale. The funding came from Austin based SprintX Venture Studio. The firm will also provide Jumuisha with business strategy, marketing and technology expertise to help it grow. Jumuisha was launched

Egyptian Health-Tech Startup Sotech raises $1m Pre-Seed Funding Round

Egyptian Health-Tech Startup Sotech raises $1m Pre-Seed Funding Round

Egyptian Healthtech and IoT solutions startup Sotech, has announced it raised $1 million in a Pre-Seed funding. The round was led by Innlife Investments, other prominent corporate investors including Al Raya Kuwaiti also participated in the round. Sotech is an Egypt-based firm founded in 2020 during the pandemic by a

Pan-African Fintech Startup Finclusion Raises $20m to Expand

Pan-African Fintech Startup Finclusion Raises $20m to Expand

African Fintech platform Finclusion Group, has announced it raised $20m in an investment round led by Fintech debt financing provider, Lendable. Finclusion was launched in 2019 by Timothy Nuy, Finclusion drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending. The startup leverages it tech platform to

South Africa’s FlexClub adds Motorcycle Subscriptions to its Offering

South Africa’s FlexClub adds Motorcycle Subscriptions to its Offering

South African global mobility startup FlexClub, has announced a partnership with the sole distributor of Bajaj Auto in South Africa to offer motorcycle subscriptions to individuals and businesses in South Africa. Flex was launched in November 2018, FlexClub. The startup operates as a global vehicle subscription marketplace for users, simplifying

Karooooo Acquires South African Logistics Startup, Picup, for $4.8m

Karooooo Acquires South African Logistics Startup, Picup, for $4.8m

Zak Calisto, CEO, and Founder of Karooooo and Cartrack has acquired Cape Town-based on-demand logistics startup Picup Technologies for $4.8m. Picup Technologies was purchased for 70.1% by Karooooo with an option to increase its shareholding to 83.5%. Picup is a logistic startup founded in South Africa in

Moroccan Healthtech Startup, DataPathology, Raises $223k from Witamax

Moroccan Healthtech Startup, DataPathology, Raises $223k from Witamax

Casablanca-based MedTech startup focusing on digital pathology DataPathology has announced it raised $223k from Witamax, an investment firm founded by Southbridge A&I and the Axxam Family Office. DataPathology was co-founded in 2020 by Hicham El-Attar and Mohammed El Khannoussi to transform the pathological diagnosis system and improve services

Nigerian-led legal tech startup Definely raises £2.2m seed fund

Nigerian-led legal tech startup Definely raises £2.2m seed fund

Nigerian-led LegalTech startup, Definely has announced it raised a $3m funding round. The funding round was led by Microsoft’s venture fund, M12, and supported by CRE Venture Capital. This round brings the startup’s total funding to £3.4m following a seed round in September 2020. Definely was founded

Malawi Solar Energy Startup, Yellow, Secures $4m Debt Financing from SunFunder

Malawi Solar Energy Startup, Yellow, Secures $4m Debt Financing from SunFunder

Malawi based off-grid solar provider Yellow, has received $4m debt funding to support its growing sales of solar home systems Yellow was founded in 2017 by Michael Heyink and Maya Stewart to reach out to underserved populations, as well as to expand chances for entrepreneurs whose businesses can produce a

Ethiopia’s Viable Solutions Raises $200k Pre-seed Fund

Ethiopia’s Viable Solutions Raises $200k Pre-seed Fund

The Ethiopian firm behind the EPhone super dialer software Viable Solutions has announced it raised $200K in pre-seed capital, valuing it at $1.9 million. The round was led by Ahmed Al Alola, a Middle Eastern angel investor. Amadou Daffe, Co-Founder and CEO of Gebeya, a Pan-African talent marketplace, is

Nigerian gaming company signs mega deal with Dutch LambWeston

Nigerian gaming company signs mega deal with Dutch LambWeston

Nigerian fantasy sports company Fantastic.ng, has sealed a multimillion naira promotional partnership deal with Dutch conglomerate LambWeston, owners of the Poundo Potato brand in Nigeria. Fantastic.ng was launched in late 2019, as a free-to-play mobile platform offering games such as predict and win, fantasy football and sports trivia.

Pan-African VC Firm, Ambo Ventures, Launches $50m Fund for Africa Startups

Pan-African VC Firm, Ambo Ventures, Launches $50m Fund for Africa Startups

Ambo Ventures, a pan-African Venture Capital firm that is focused on the content’s green economy has announced it raised $50m fund to invest in seed stage, Series A and select Series B rounds of African green economy startups. Ambo Ventures was founded in 2021 by the duo of Jude

Plentywaka rebrands as Treepz to further pan-African Expansion

Plentywaka rebrands as Treepz to further pan-African Expansion

Toronto-headquartered Nigerian mobility startup Plentywaka, has today announced that it has changed its name to Treepz as it bids to make significant shift in its business in the African region. The name change is an opportunity to align the company name with its Pan-African expansion plan, and also represents the

Kenyan and Nigerian Agritech startups named winners of $1.5m AYuTe Africa Challenge

Kenyan and Nigerian Agritech startups named winners of $1.5m AYuTe Africa Challenge

Kenya’s Hello Tractor and Nigeria’s ColdHubs have been named winners of the inaugural AYuTe Africa Challenge. Their success in the challenge means they will receive a combined $1.5m in grant funding to help fund rapid expansion plans. The AYuTe Africa Challenge was initiated by AGRF and Heifer