Joel Nwankwo - (Page 34)

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Joel Nwankwo

Writer, TECHist and Data analyst.

South African Fintech Startup Akiba Digital raises $1.1m pre-seed funding

South African Fintech Startup Akiba Digital raises $1.1m pre-seed funding

South African Fintech startup Akiba Digital has announced it raised over $1.1m in a pre-seed funding round led by Expert DOJO and Oui Capital. Other participants in the round include Basecamp Fund, Soma Capital, Hustle Fund, Future Africa, LoftyInc, a former PayPal executive, and a handful of angel investors.

South African Wellness app Strove raises $270k in Seed funding

South African Wellness app Strove raises $270k in Seed funding

Cape Town-based employee wellness app Strove has announced it raised $270k in a seed funding round led by venture capital firm, Launch Africa. Strove was founded in 2020 by Chris Bruchhausen in partnership with The Delta. The startup is an activity-based application that enables companies to incentivize their employees to

Kenyan Adtech Startup AIfluence raises $1m seed funding round

Kenyan Adtech Startup AIfluence raises $1m seed funding round

Kenyan Adtech startup AIfluence has announced it raised $1m in a seed funding round. The round was led by the Dubai-based EQ2 Ventures, including Antler East Africa, Nigerian VC Oui Capital, ArabyAds, and a European family office. AIfluence was founded by Nelson Aseka (CEO), George Issaias (CMO), Lamusia Anzaya (COO)

Moroccan Eyewear eCommerce Startup LNKO Secures $335k Funding

Moroccan Eyewear eCommerce Startup LNKO Secures $335k Funding

Moroccan eyewear eCommerce startup LNKO has announced it received a $335k investment from CDG Invest. LNKO was founded by Maha Bennani in 2020, the startup is a direct-to-consumer (D2C) eyewear company that offers excellent glasses directly to customers. Note that LNKO has benefited from close support as part of the

Moroccan e-signature Platform Damanesign raises $450k

Moroccan e-signature Platform Damanesign raises $450k

Morocco-based e-signature platform Damanesign has announced it raised $450k from the Maroc Numeric Fund II to expand its operations. Damanesign was founded in 2021 by Zouhair Hamdaoui to provide companies with digital trust solutions such as electronic signatures, seals, and timestamps, offering advanced management of signature transactions. Dounia Boumehdi, managing

Visa launches First Card Payment Service in Somalia

Visa launches First Card Payment Service in Somalia

In its bid to enable Somalians to enjoy local and international cashless payment opportunities, Visa has announced a partnership with the International Bank of Somalia (IBS Bank) to launch Somalia’s first Visa card payment service. Note that in February 2021, Somalia’s central bank announced that the country’s

Moroccan Fintech Startup Mosaiclab raises $225k for Konta

Moroccan Fintech Startup Mosaiclab raises $225k for Konta

Moroccan Fintech startup MosaicLab has announced it raised $225k for Konta, an invoice processing software. MosaicLab, based in Casablanca, unveiled Konta, an invoice-to-pay automation platform driven entirely by Moroccan artificial intelligence (AI) technology. Konta was unveiled by Mosaiclab as an AI driven payment platform. Konta is focused on using it’

South Africa’s Fintech startup Bloofold launches Alternative Payments rail

South Africa’s Fintech startup Bloofold launches Alternative Payments rail

In its bid to provide an easier and cheaper payment method, Johannesburg-based Fintech startup Bloofold has announced it’s rolling out an alternative payments rail for spaza shops and tavern owners. Bloofold was founded in 2017 by Thabang Kekana and is based in South Africa, the startup is focused on

Egyptian Healthtech startup Yodawy raises $7.5m Series B funding round

Egyptian Healthtech startup Yodawy raises $7.5m Series B funding round

Egyptian Healthtech startup Yodawy has announced it raised a $7.5m Series B funding round as it bids to expand its service delivery across Africa. The round was led by Middle East Venture Partners, Global Ventures, and Algebra Ventures, with the participation of CVentures, P1 Ventures, and Athaal Angel Investors

South Africa’s Healthtech Startup iNNOHEALTH raises 7-figure seed Capital

South Africa’s Healthtech Startup iNNOHEALTH raises 7-figure seed Capital

South African Healthtech startup iNNOHEALTH has announced it secured an undisclosed seven-figure seed investment from an unnamed Hong Kong-based VC firm as it hopes to expand its service quality and delivery. iNNOHEALTH was founded in 2020 by medical doctors Chad Marthinussen and Wade Palmer and chartered accountant Abdul Malick Salie,

South Africa’s Mineworkers Investment Company launches $10.5m for Early-stage Startups

South Africa’s Mineworkers Investment Company launches $10.5m for Early-stage Startups

Johannesburg-based Mineworkers Investment Company (MIC) has announced the launch of MIC the Khulisani Ventures, a $10.5m early-stage investment targeted at local startups with innovative and high-growth capabilities. The MIC was established in 1995 by the Mineworkers Investment Trust (MIT) to create is a Black-owned Investment Company focused on providing

Ada Animation closes Pre-seed Funding to develop African Content

Ada Animation closes Pre-seed Funding to develop African Content

Ada Labs Africa’s entertainment Tech startup Ada Animation has announced it raised an undisclosed pre-seed capital from Nigeria’s venture capital firm Platform through its technology vehicle, Unicorn Group. Ada Animation was founded in 2020, with the aim of building capacity in Nigeria’s animation industry, tell animated African

Kenyan B2B eCommerce Startup, MarketForce, raises $2m pre-Series A Funding

Kenyan B2B eCommerce Startup, MarketForce, raises $2m pre-Series A Funding

Kenya’s eCommerce startup MarketForce has announced it raised $2m to focus on its business-to-business (B2B) retail marketplace. P1 Ventures, Y Combinator, Launch Africa, V8 Capital, Future Africa, GreenHouse Capital, Rebel Fund, Remapped Ventures, and other unnamed investors all participated in the round. MarketForce is an end-to-end retail distribution platform

Don Jazzy launches crowdfunding platform SapioFunds, to Help People Raise Money

Don Jazzy launches crowdfunding platform SapioFunds, to Help People Raise Money

Multi-award-winning music producer and Mavin Records boss Michael Collins Ajereh, popularly known and referred to as Don Jazzy, has launched a crowdfunding platform, SapioFunds, to help individuals and groups raise funds for their needs or projects they care about. Don Jazzy announced his Instagram page writing, “Give Away time. What

Moroccan Spend Management Startup Konta Raises $223k

Moroccan Spend Management Startup Konta Raises $223k

Moroccan B2B startup Konta has announced it raised $223k from the Southbridge A&I and Axxam Family Office’s investment company. Konta, a B2B spend management startup established, developed, and sponsored by Mosaic lab, has positioned itself as a pioneering SaaS solution for the digital management of supplier expenditure

Senegalese Fintech Startup InTouch Secures Funding

Senegalese Fintech Startup InTouch Secures Funding

Senegalese-based aggregator of financial solutions and digital services InTouch has announced it raised an undisclosed amount of fund from the CFAO company, alongside Mobility54, TotalEnergies and Worldline, InTouch’s two long-term partners, also reaffirmed their commitment to the pan-African company with the transaction. InTouch was founded by Omar Cissé. The

9 African Startups Selected for Y Combinator Summer 21 batch

9 African Startups Selected for Y Combinator Summer 21 batch

Nine African startups have been selected to take part in the Silicon Valley-based Y Combinator S21 batch accelerator, receiving $125,000 each in seed funding as well as further investment opportunities at a demo day in September. Of the nine selected startups, Nigeria and Egypt lead the way with three

South African VC firm Kalon raises $17.5m fund as Section 12J initiative draws to a close

South African VC firm Kalon raises $17.5m fund as Section 12J initiative draws to a close

South African venture capital firm Kalon Venture Partners has announced the completion of its Section 12 J capital raise with Assets Under Management of over $17.5m. Kalon Venture Partners was founded in 2016, the VC firm is one of the leading South African venture capital funds, the firm invests

VC firm, MAGIC Fund raises $30m to Support early-stage Startups

VC firm, MAGIC Fund raises $30m to Support early-stage Startups

MAGIC Fund, an early-stage venture firm, has announced it raise $30m Fund to scale its global founders-backing-founders initiative. The firm intends to use the fund in supporting early-stage startups across all sectors, providing funds between $100k and $300k with focus on Fintech, Healthcare and Software as a Service (SaaS) startups.

Ghanaian Agribusiness Startup Green Gold Farms, raise $1.6million in funding

Ghanaian Agribusiness Startup Green Gold Farms, raise $1.6million in funding

Ghana-based Agritech startup Green Gold Farms has announced it raised $1.6m in a funding round from Absa Bank Ghana, Diaspora Capital, Channel Ventures, EPMT Fund, and other early-stage seed investors. Green Gold Farms is an Agribusiness tech startup that aims at adopting modern or advanced technological practices in areas

Vodafone Ghana Teams up with Invest in Africa to Provide Digital Skills of Ghanaian SMEs

Vodafone Ghana Teams up with Invest in Africa to Provide Digital Skills of Ghanaian SMEs

Invest In Africa (IIA) has announced a partnership with Vodafone Ghana to help local businesses improve their digital skills. Invest In Africa was founded in 2012, the organization currently operates in five African countries (Ghana, Kenya, Senegal, Zambia, and Mauritania), assisting startups through training and improved access to finance. The

Edtech Startup Microverse raises $12.5m Series A Funding

Edtech Startup Microverse raises $12.5m Series A Funding

San Francisco-based Edtech startup Microverse has announced it raised $12.5m in a Series A round. The round was led by Northzone, a global tech VC firm. Business angels, leading startups from Europe, Africa, and Latin America, and other existing investors also participated in the round. Microverse was founded by

South African eCommerce Startup Dis-Chem launches its delivery service, DeliverD

South African eCommerce Startup Dis-Chem launches its delivery service, DeliverD

Pharmacy and beauty retailer Dis-Chem has announced the launch of its new 60-minute delivery service, DeliverD. The service will be the fourth on-demand delivery offering by a major retailer since Checkers first launched its Sixty60 app in November 2019. DeliverD will first accommodate a limited range of front-shop products during

Global eCommerce startup WooCommerce’s Partners with Paystack for Payments in Africa

Global eCommerce startup WooCommerce’s Partners with Paystack for Payments in Africa

Global eCommerce startup WooCommerce has selected Nigeria’s Paystack as its preferred payment partner in Africa. The partnership will WooCommerce’s merchants to accept payments via Paystack. Since its acquisition by Stripe in October 2020, Paystack has expanded into the South African market and now operates in three African countries.

Nigerian Cleantech Startup, OneWattSolar Issues ₦10b bond

Nigerian Cleantech Startup, OneWattSolar Issues ₦10b bond

Nigeria’s Cleantech startup providing off-grid renewable energy OneWattSolar has announced it issuing a $24m bond to deploy clean energy across Africa. The bond issuance was led by Comercio Partners, a Lagos-based investment bank, and supported by Nigerian Shari’ah complaint fund manager, Marble Capital Limited. OneWattSolar was created by