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Blessed Frank

Exploring Africa's Tech Frontier | Unearthing Startup Gold 💰 | Decoding Crypto & Web3 | Your Guide to Emerging Markets #TechJournalist

Telegram Records 700M Monthly Active users, Rolls out premium Tier

Telegram Records 700M Monthly Active users, Rolls out premium Tier

Telegram, an encrypted instant messaging platform, has recorded over 700 million monthly active users as it launched a premium tier to monetize a portion of its large user base. Although the company did not disclose its premium tier price, the monthly subscription appears to be in the $5 to $6

Jobop, Moroccan Tech-Enabled Temporarily Staffing Platform Receives $1M Seed Round for Expansion

Azur Innovation Fund

Jobop, Moroccan Tech-Enabled Temporarily Staffing Platform Receives $1M Seed Round for Expansion

Jobop, a Moroccan tech-enabled on-demand temporary staffing startup, announced that it had received $1 million in an Azur Innovation Fund-led Seed funding round, with participation from Plug and Play and other angels. The round is said to have been closed since April this year. Adil Zghaoui and Salim El Merrassi

Egypt's End-to-End SaaS Real Estate Payments Platform, Boyot Gets Undisclosed Pre-Seed to Expand

Egypt's End-to-End SaaS Real Estate Payments Platform, Boyot Gets Undisclosed Pre-Seed to Expand

Boyot, an Egyptian startup, has raised a six-figure pre-seed round from a Kuwait-based real estate firm. Boyot provides an end-to-end operating system for payment and financial services focused on the real estate market. This funding will help the startup expand its operations to Kuwait and grow its team. In 2020,

Kenya's Clean Energy Investment Firm, Crossboundary Secures $25M for Solar Mini-grids in Africa

ARCH Emerging Markets Partners limited

Kenya's Clean Energy Investment Firm, Crossboundary Secures $25M for Solar Mini-grids in Africa

Kenya’s Crossboundary Energy Access (CBEA) has secured $25 million from ARCH Emerging Markets Partners limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. CBEA is a mini-grid infrastructure fund and a subsidiary of Crossboundary – an investment company dedicated to commercial and

Flutterwave Appoints Oneal Bhambani, an ex-Executive of American Express, as CFO

American Express

Flutterwave Appoints Oneal Bhambani, an ex-Executive of American Express, as CFO

Flutterwave, Africa’s leading payments technology company, has announced the appointment of Oneal Bhambani as its new Chief Financial Officer. Oneal joins the unicorn company from American Express and Kabbage, where he managed large-scale fintech businesses and helped lead the sale of Kabbage and its integration into the American Express

Egypt's On-Demand Digital Warehousing and Fulfillment Platform, Khazenly Secures $2.5M Seed Funding

Arzan Venture Capital

Egypt's On-Demand Digital Warehousing and Fulfillment Platform, Khazenly Secures $2.5M Seed Funding

Khazenly, Egypt’s on-demand digital warehousing and fulfillment platform that offers an omnichannel solution to assist merchants in digitizing their businesses has received $2.5 million in seed funding. The startup, which bootstrapped its way to a soft launch in the middle of last year, has now received its first

Kenya’s Jumba Secures $1M to Facilitate Seamless Restocking of Hardware Stores

Kenya’s Jumba Secures $1M to Facilitate Seamless Restocking of Hardware Stores

Jumba, a Kenyan B2B construction technology startup that allows operators of hardware stores (construction materials retailers), to seamlessly restock through its platform has today secured $1 million pre-seed funding to fine-tune its technology and expand its reach to capture markets in major cities across Kenya. Enza Capital led the pre-seed

MFS Africa Secures $100M Series C Extension Round to Scale and Expand across Africa, Asia

Admaius Capital Partners

MFS Africa Secures $100M Series C Extension Round to Scale and Expand across Africa, Asia

MFS Africa, the largest pan-African digital payments gateway has today announced that it has secured an additional $100 million in equity and debt funding led by the African investment manager, Admaius Capital Partners, taking the total funds raised in the series to $200 million. The extended round included new investors,

Egypt's AI Startup, DXwand Secures $1M pre-Series A Round to Scale

Artificial Intelligence

Egypt's AI Startup, DXwand Secures $1M pre-Series A Round to Scale

Egypt-based AI startup, DXwand which operates Omnichannel conversational AI and digital assistants tool, has secured $1 million in Huashan Capital-led pre-Series A investment round with participation from angel investors like Mr. Mohsen Abulleil and Mr. Ahmed Bakeer and a return investment from its seed round investor, the US-based VC firm

Streaming Platform, Disney+ Enters 16 more markets across MENA

Streaming Platform, Disney+ Enters 16 more markets across MENA

One of the leading global streaming companies, Walt Disney Company has announced its launch of Disney+ in 16 markets across the Middle East and North African region (MENA). This comes barely a month after the launch of Disney+ in South Africa. The company has an ambitious goal of doubling the

Nigerian Gov’t Inaugurates 27-man Council on Digital Economy to Improve Ease of Doing Business

Council on Digital Economy

Nigerian Gov’t Inaugurates 27-man Council on Digital Economy to Improve Ease of Doing Business

In the wake of the country’s raking 131 out of 190 economies in the ease of doing business, per World Bank annual ratings, Muhammadu Buhari, the President of the federal republic of Nigeria, has inaugurated the Presidential Council on Digital Economy and E-government. The administration promised to continue to

Moroccan E-commerce Startup, Chari Enters Ivorian Market through Diago Acquisition

Moroccan E-commerce Startup, Chari Enters Ivorian Market through Diago Acquisition

Chari, a Morocco-based B2B e-commerce and fintech startup, has entered the Ivory Coast market by acquiring the Ivorian Diago. This app connects neighborhood shops to FMCG producers and importers. Diago, which operates solely in Abidjan, was founded in 2021 by Ali Ouattara and Amidou Diarra, two former Glovo and PepsiCo

GOMYCODE, Tunisia’s Edtech Startup Nabs $8M Series A Round to Scale across MEA Region

GOMYCODE, Tunisia’s Edtech Startup Nabs $8M Series A Round to Scale across MEA Region

GOMYCODE, a Tunisian-based edtech startup, said today that it had raised $8 million in an early-growth round led by AfricInvest and Proparco. Wamda Capital, a returning investor, also doubled down on its seed round investment in the digital learning platform. After raising $850,000 in venture funding in October 2020,

Virridy, Ecotech Startup Raises $5.5m Series A Round to Scale across Africa and North America

Virridy, Ecotech Startup Raises $5.5m Series A Round to Scale across Africa and North America

Kenya and US-based environment tech startup, Virridy which is committed to improving the management of environmental resources through technology, has raised $5.5 million in a Series A funding round to accelerate the development and adoption of its satellite-connected sensors for managing water, energy, and agricultural resources across Africa and

Kenyan Marketplace for Spare parts, Sparepap Raises Funding From Mobility 54

Kenyan Marketplace for Spare parts, Sparepap Raises Funding From Mobility 54

Sparepap, a Kenyan-based marketplace for engine spare parts, reinventing how Kenyans buy and sell spare parts through its app, named, SparePAP app, has raised an undisclosed amount. The funding came from Mobility 54 Investment, a corporate venture capital subsidiary of Toyota Tsusho Corporation, and the CFAO funding round. The after-sales

Africa-owned Fintech Firms, Chipper Cash and Esusu Named in Forbes Fintech 50 List 2022

Africa-owned Fintech Firms, Chipper Cash and Esusu Named in Forbes Fintech 50 List 2022

Africa-owned fintech firms, Chipper Cash which facilitates cross-border payments across Africa, and Esusu, a digital payment solution designed to simplify and automate the process of thrift savings, collection, microcredit, and financial inclusion for Africans have been named in the prestigious Forbes Fintech 50 list, 2022; Chipper Cash under Payments and

Nigeria's Klasha Secures Extra $2.1M to Bolster its cross-border Commerce

Nigeria's Klasha Secures Extra $2.1M to Bolster its cross-border Commerce

Klasha, a Lagos and San Francisco-based startup that provides multiple products for the African cross-border commerce space, has successfully secured $2.1 million from AMEX Ventures, the strategic investment group of American Express, and Global Ventures, a MENA-focused VC co-led investment, to round out its $4.5 million seed round.

Egypt's Insurtech Startup, Nice Deer Raises $1m Pre-seed Funding from DisrupTech

DisrupTech Ventures

Egypt's Insurtech Startup, Nice Deer Raises $1m Pre-seed Funding from DisrupTech

Egypt-based Nice Deer, an insurance tech-enabled startup that provides ingenious health insurance solutions to the Egyptian market has raised $1 million in a DisrupTech Ventures-led pre-seed funding round. Nice Deer was founded in Egypt early this year to bridge the gap between healthcare providers, health insurance companies, and health insurance

Morocco-based FinTech and Reward Startup, WafR Raises $455k to Scale its Operations

Launch Africa Ventures

Morocco-based FinTech and Reward Startup, WafR Raises $455k to Scale its Operations

Morocco-based fintech and rewards startup WafR has raised $455,000 in a round led by Launch Africa Ventures, First Circle Capital, and WeLoveBuzz, with participation from a group of angel investors to expand its network of grocers. WafR is an application that allows retail brands to broadcast smart promotions to

Egypt’s Fintech Firm, ValU Partners FAS Labs to Extend its Offerings to the Saudi Market

Arabian Centers Company

Egypt’s Fintech Firm, ValU Partners FAS Labs to Extend its Offerings to the Saudi Market

valU, Egypt’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, has expanded its digital financial solutions to customers in the Kingdom of Saudi Arabia through a partnership with FAS Labs, which is owned by Fawaz Abdulaziz Alhokair Co. (Alhokair) and Arabian Centers Company (ACC). FAS Labs

Nigeria’s Indicina Secures $3M from Target Global to Help Lenders Give Credit to their Customers

Nigeria’s Indicina Secures $3M from Target Global to Help Lenders Give Credit to their Customers

Nigeria-based fintech startup, Indicina which uses data to solve the loan eligibility challenge for lenders has secured $3 million in Target Global-led seed round to expand into new markets in Africa, reinforce its key product offerings, build more products for consumers’ credit recommendation, and bolster its infrastructure. Yvonne Johnson launched

Egypt's Bus-hailing Startup, SWVL Shut Down Operations in Kenya and Pakistan Amidst Planned Layoff

Egypt's Bus-hailing Startup, SWVL Shut Down Operations in Kenya and Pakistan Amidst Planned Layoff

Swvl, an Egyptian bus-hailing startup has announced the suspension of its daily and city-to-city services in Kenya and Pakistan effecting from today. SWVL Daly, City-City, and Business-Business are the three services provided by the shared mobility startup in the countries. While SWVL Daly was created for intra-city rides in the

Kenya's Safaricom Partners Visa to Launch M-Pesa Virtual Visa Card for Global Digital payments

Kenya's Safaricom Partners Visa to Launch M-Pesa Virtual Visa Card for Global Digital payments

Safaricom, East Africa’s biggest telecommunication company and operator of the M-Pesa mobile money product, and Visa, one of the world’s major card payment companies, have announced the launch of a virtual card that allows M-Pesa customers to make digital transactions globally. The long-awaited M-Pesa GlobalPay Visa virtual card

Nigeria's Tech Mobility Startup, DriveMe Raises Undisclosed Fund to Expand Across Nigeria

Nigeria's Tech Mobility Startup, DriveMe Raises Undisclosed Fund to Expand Across Nigeria

DriveMe, a Nigeria-based technology-enabled mobility startup that provides access to verified and professional drivers; through a one-stop platform aggregating product and service providers within the mobility space across Africa has today announced that It has raised an undisclosed amount in pre-seed funding round for product development and expansion across Nigeria.