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Blessed Frank

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

Egypt's Appetito Acquires Lamma, Becomes Africa's Largest E-Commerce Platform by Market Size

Egypt's Appetito Acquires Lamma, Becomes Africa's Largest E-Commerce Platform by Market Size

Appetito, Egypt’s Quick-Commerce platform that delivers groceries and household products to customers from 11 dark stores in three Egyptian cities, is acquiring Lamma, another Q-Commerce platform that operates in the Maghreb regions of Tunisia and Morocco, for an undisclosed sum in a deal that is expected to close by

SA's Leading Calling App, Talk360 Secures $4M Seed Round to Expand Across Africa

SA's Leading Calling App, Talk360 Secures $4M Seed Round to Expand Across Africa

Talk360, a leading Voice over Internet Protocol (VoIP) player in Africa, which enables people to make international calls through its app for a fee, has secured $4 million in a HAVAÍC-led seed funding round. Some angel investors like Gaston Aussems (ex-Mollie), Robert Kraal (ex-Adyen), Gabriel de Montessuss (President WorldPay International)

AIMS Ghana Collaborates with Google to Strengthen Research in Africa

Artificial Intelligence

AIMS Ghana Collaborates with Google to Strengthen Research in Africa

The African Institute of Mathematical Sciences – Ghana (AIMS Ghana) and Google Research have signed a Masters Sponsored Research Agreement (MSRA) to push the boundaries of scientific research in areas of specialty such as artificial intelligence. The agreement will strengthen AIMS and Google’s existing partnership as part of their continued

SA’s fintech startup, Finclusion Group secures undisclosed funding from Egypt’s CASF

Cairo Angels Syndicate Fund

SA’s fintech startup, Finclusion Group secures undisclosed funding from Egypt’s CASF

South African-based fintech startup, Finclusion Group has today secured an undisclosed amount of funding from the Egypt-based micro VC fund, the Cairo Angels Syndicate Fund (CASF) for further expansion. Timothy Guy co-founded Finclusion Group with his co-founder and co-CEO Tonderai Mutesva in 2019 as an African-focused fintech platform building out

Ayoken, NFT Marketplace for Creatives Secures $1.4m to help Creatives earn more through Digital Collectibles

Ayoken, NFT Marketplace for Creatives Secures $1.4m to help Creatives earn more through Digital Collectibles

Ayoken, a Non-Fungible Token (NFT) marketplace for creatives, has secured $1.4 million in a pre-Series A round led by Founders Factory Africa, Yepxas-based Kon Ventures, Europe-based venture capital collective Crypto League, Ghana-based R9C Ventures, and Maximus Ventures to help creatives grow their revenue streams through digital collectibles. Joshua King,

B2B retail marketplace, BetaStore secures $2.5M to help informal retailers in West and Central Africa

B2B retail marketplace, BetaStore secures $2.5M to help informal retailers in West and Central Africa

Nigerian-based B2B retail marketplace for informal retailers, BetaStore has secured $2.5 Million in a pre-series A round led by 500 Global, with participation from VestedWorld, and Loyal VC to solve stock-outs and financing challenges for informal retailers in West and Central Africa. BetaStore allows informal traders to source fast-moving

Musk’s Starlink gets a nod to operate in Nigeria and Mozambique

Nigerian Communication Commission

Musk’s Starlink gets a nod to operate in Nigeria and Mozambique

Starlink which is powered by SpaceX whose experience in building rockets and spacecraft was deployed to build the world’s most advanced broadband internet system that provides high-speed, low-latency broadband internet across the globe, has received approval to launch its service in Nigeria and Mozambique. The CEO of the company

Zimbabwean FlexID Secures Funding to Provide Decentralized Digital ID for unbanked Africans

Algorand Foundation

Zimbabwean FlexID Secures Funding to Provide Decentralized Digital ID for unbanked Africans

FlexId Technologies (formerly FlexFinTx), a Zimbabwean digital identity startup has signed a Simple Agreement For Equity (SAFE) of an undisclosed amount with the Algorand Foundation, to further develop and scale its Self Sovereign Identity (SSI) platform for the unbanked Africans. The blockchain-enabled identity startup plans to make its decentralized digital

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

Tunisia-based Venture Capital firm, 216 Capital Ventures has secured $6.4 million through subscription from Smart Capital, the management company of the ANAVA Fund -whose Fund of Funds has a target size of about $200M, and aims to invest in more than 13+ startups at each stage of development (Seed

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

The world’s leading card payment company, Mastercard, has announced its partnership with the travel website, Musafir to digitize end-to-end payment flows and launch new innovative payment products with attractive travel benefits to both consumers and corporates in the Middle East and North African region. As the travel industry continues

Moroccan freight Startup, CloudFret Secures $1M Funding to scale across two continents

Moroccan freight Startup, CloudFret Secures $1M Funding to scale across two continents

CloudFret, a Moroccan-based freight startup that uses artificial intelligence to optimize truck transportation by tracking the movement of empty cargo trucks and linking them with loaders has secured a $1 million funding round to scale further in the European and African markets. The startup, which was founded by Driss Jabar

Egypt's Healthtech Startup, Esaal raises $1.7M Seed Round to Scale across MENA

Egypt's Healthtech Startup, Esaal raises $1.7M Seed Round to Scale across MENA

Egypt-based healthtech startup, Esaal, whose service cuts across physical health consultation, mental health, nutrition, and a range of others has raised a $1.7 million seed investment from A15, -its sole investor- to invest in product and brand development, hire more talent as well as scale its offerings across the

The World's Largest Ride-Sharing Company, Uber Celebrates one billionth Ride Milestone in Africa

The World's Largest Ride-Sharing Company, Uber Celebrates one billionth Ride Milestone in Africa

Uber Technologies Inc., the world’s largest ride-sharing company announced that it has achieved a billion trips in Africa since entering the market less than 10 years ago. According to the mobility company, over 10 billion kilometers of trips have been completed, and “this is equivalent to traveling to the

AMP Global, Blockchain Entertainment Company secures $5.6M to scale its play-to-watch service

AMP Global, Blockchain Entertainment Company secures $5.6M to scale its play-to-watch service

AMP Global Technologies, a blockchain-enabled video entertainment platform, has secured a $5.6 million seed round. The seed funding which are of two parts, $3 million from friends, family, and angel investors, and $2.6 million from venture capitalists will be used to scale its play-to-watch service to more users.

Understanding the Metaverse: How Africans can leverage information to benefit from the Metaverse

Understanding the Metaverse: How Africans can leverage information to benefit from the Metaverse

The significance of the Metaverse’s knowledge cannot be over-emphasized. With the rapid increase in the blockchain technology adoption in finance, gaming, entertainment, and several other areas, it has become a necessity to benefit from this emerging technology. The Metaverse is simply a virtual world where people live, work, shop,

SA's Edtech, Foondamate secures $2 million to scale its AI-powered learning chatbot

Artificial Intelligence

SA's Edtech, Foondamate secures $2 million to scale its AI-powered learning chatbot

South African-based edtech startup, FoondaMate has secured $2 million in LocalGlobe-led funding round to scale its WhatsApp and Facebook-based learning Chabot to students across the globe. The startup’s first backer XX accelerator also participated in the round, alongside investors like Emerge Education, Odunayo Eweniyi of FirstCheckAfrica, and Iyin Aboyeji

Sylndr, Egypt's used automobile marketplace secures $12.6M pre-seed to scale

Algebra Ventures

Sylndr, Egypt's used automobile marketplace secures $12.6M pre-seed to scale

Sylndr, an Egyptian used automobile marketplace, has raised $12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and various regional and global angel investors. This is the region’s and Sub-Saharan Africa’s highest investment in

S.A's CSIR Develops App to assist pupils with Reading and Listening Skills

S.A's CSIR Develops App to assist pupils with Reading and Listening Skills

South Africa’s Council for Scientific and Industrial Research (CSIR), a world-class African research and development organization that undertakes directed, multidisciplinary research and technological innovation that contributes to the improved quality of life of South Africans has developed an application to help children with their reading, and listening skills and

MTN NG’s fintech subsidiary, MoMo PBS Ltd Formally kickoff Operations in Nigeria

MTN NG’s fintech subsidiary, MoMo PBS Ltd Formally kickoff Operations in Nigeria

YESTERDAY, the MTN Group announced that MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB), has formally kicked off its operations in Nigeria. The official commencement of operation comes at the heels of the company’s successful pilot test launched on 16 May 2022 in commemoration of its

Kenya’s aquaculture startup, Victory Farms raises $5M to expand into three new markets in Africa

aquaculture tech startup

Kenya’s aquaculture startup, Victory Farms raises $5M to expand into three new markets in Africa

Kenyan’s aquaculture tech startup, Victory Farms which deals in tilapia fish and run hatcheries, nursery ponds, and deep-water cages, announced today that it had raised $5 million in Ed Brakeman, a senior managing director at Bain Capital, and Hans den Bieman, founder and ex-CEO of Mowi-led investment round. This

American Tech giant, Oracle opens its first African R&D Lab in Morocco

American Tech giant, Oracle opens its first African R&D Lab in Morocco

Oracle, the world’s largest database management company, has announced the opening of a new facility of its Oracle Labs in Casablanca’s Casanearshore Park in the Kingdom of Morocco. Oracle’s first lab in Africa results from the collaboration between the company and its Moroccan partners – the Moroccan government

Ghanian health tech startup, CarePoint secures $10M Bridge round to scale across Africa

Beyond Capital Ventures

Ghanian health tech startup, CarePoint secures $10M Bridge round to scale across Africa

Ghanaian health tech startup, CarePoint, has today announced that it has secured $10 million in a TRB Advisors-led bridge round with participation from Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, to scale across Africa. This round brings the total

Nigeria's Topship secures $2.5M from Flexport-led seed round to help merchants with intl shipping

Nigeria's Topship secures $2.5M from Flexport-led seed round to help merchants with intl shipping

Nigerian’s Topship, a logistic startup that recently graduated from the Y Combinator program has secured a $2.5 million seed round just months after rounding off the YC winter batch. Flexport-led the seed round with participation from the Y Combinator, Soma Capital, Starling Ventures, Olive Tree Capital, Capital X,

Egypt’s E-Commerce Startup, Teegara secures undisclosed amount from Alex Angel-led bridge round

Alexandria Angel Network

Egypt’s E-Commerce Startup, Teegara secures undisclosed amount from Alex Angel-led bridge round

Teegara.com, an Egyptian e-commerce startup that deals in household and FMCG products has secured an undisclosed amount in a bridge round that was led by Alexandria Angel Network with the participation of investors from Saudi Arabia, Egypt, and Jordan to expand, adding more verticals to its platform and hiring

MARA raises $23M in Coinbase-led seed round to build Pan African Crypto infrastructure

Alameda Research

MARA raises $23M in Coinbase-led seed round to build Pan African Crypto infrastructure

Mara, an African-based crypto startup has raised a $23 million seed round in equity and token sale led by Coinbase Ventures with participation from Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, Infinite Capital, DAO Jones (investment decentralized autonomous organization backed by Mike Shinoda,