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Blessed Frank

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

Kenyan social-ecommerce platform, Tushop raises $3M from 4DX Ventures-led pre-seed to accelerate across Nairobi

Kenyan social-ecommerce platform, Tushop which allows people to buy fast-moving consumer goods (FMCGs), has raised $3 million in pre-seed funding to enlarge its team, enhance its platform and expand across Kenya. The seed round was led by 4DX Ventures, with participation from JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures,

Egypt financial super app, Khazna secures $38M to cater for the underbanked, unbanked

Global Ventures

Egypt financial super app, Khazna secures $38M to cater for the underbanked, unbanked

Khazna, an Egyptian financial super app has secured $38 million in Series A debt and equity funding from the US-based Quona Capital, and the UAE-based Global Ventures led round to extend its service to Egypt’s unbanked and underbanked population. Other investors in the round include Austria’s Speedinvest, Saudi

Egyptian Q-commerce start-up, Rabbit acquires license to operate in Saudi, to invest $60m

Egyptian Q-commerce start-up, Rabbit acquires license to operate in Saudi, to invest $60m

Barely months after its audacious entry into the Egyptian market with a record $11 million pre-seed round, Rabbitmart, the quick commerce platform announced it has received its license to operate in The Kingdom of Saudi Arabia from the Saudi Arabian Ministry of Investment. The license was awarded by Saudi’s

Moroccan Al Mada launches $109.5 million VC fund for African Startups

Moroccan Al Mada launches $109.5 million VC fund for African Startups

Morocco’s Al Mada Holding Group, an investment firm managed by the Moroccan royal family has announced the launch of pan-African venture capital to invest in fast-growing startups on the continent. With a budget of $109.5 million – this is the largest venture capital fund with African funding – the Al

Eksab, Egyptian fantasy football platform raises $3M in 4DX Ventures-led seed funding to scale across MENA and Africa

Eksab, Egyptian fantasy football platform raises $3M in 4DX Ventures-led seed funding to scale across MENA and Africa

Eksab, an Egyptian fantasy football platform that uses gaming and online community development to make football entertaining and participatory for fans in the Middle East and North Africa, has secured $ 3 million in early investment. Darwazah Capital, Golden Palm Investments, P1 Ventures, and other angel investors from the sports and

7 more Nigerian startups accepted into Y Combinator W22 batch, total participants now over 350

7 more Nigerian startups accepted into Y Combinator W22 batch, total participants now over 350

With the confirmation of seven additional Nigerian start-ups – totaling eight for Africa, the number of African participants in the W22 batch of the Y Combinator Program now stands at 24, far exceeding the number of African participants in the S21 batch. The W22 batch of the Y Combinator program is

Bedaya Fund II, $150 million fund launched by UAE-based Shorooq Partners, to invest in North African early startups

Bedaya Fund II, $150 million fund launched by UAE-based Shorooq Partners, to invest in North African early startups

Shorooq Partners, a MENAP-based early-stage venture capital firm, has announced the second edition of its seed-stage-focused fund, Bedaya Fund II, with a target fund size of $150 million to invest in the North African region. Bedaya Fund II is a continuation of Shorooq Partners’ strategy, which has been in place

Flapkap, Egyptian SaaS start-up launched after $1.2M A15- led round

Flapkap, Egyptian SaaS start-up launched after $1.2M A15- led round

FlapKap, an Egyptian start-up focusing on e-commerce and SaaS development in the Middle East and North Africa region, has announced its launch following a $1.2 million fundraising round led by A15, a MENA venture capital firm and one of the region’s most renowned backers of early-stage start-ups. FlapKap

Apollo Agri., Kenyan Agri-tech Star-up Secures $40M in Softbank-led series B round

Apollo Agriculture

Apollo Agri., Kenyan Agri-tech Star-up Secures $40M in Softbank-led series B round

Apollo Agriculture, a Kenyan agri-tech start-up that connects farmers to high-quality farm inputs, financing, and markets, has raised $40 million in a Series B funding round led by Softbank Vision Fund 2, with participation from Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst, and CDC Group Plc. Anthemis Exponential Ventures,

African gig start-up, Meaningful Gigs secures $6M in seed to connect designers in Africa with remote jobs in the West

Meaningful gigs

African gig start-up, Meaningful Gigs secures $6M in seed to connect designers in Africa with remote jobs in the West

Meaningful gigs a gig start-up that matches the right gig workers with the right company, serving as a go-to-market for freelance designers in Africa who target western multinationals has secured $6 million in seed funding to accelerate its growth by signing more designers to its platform. Stage 2 Capital led

Kenyan Neobank, 4G Capital, Raises $18.5M Series C to scale financial access for SMEs in two markets

Kenyan Neobank, 4G Capital, Raises $18.5M Series C to scale financial access for SMEs in two markets

Kenya-based neobank, 4G Capital that gives unsecured credit facility to Small and Medium Scale Enterprises (SMEs) has raised $18.5 million in Series C funding from a London-based global private equity firm, Lightrock to expand financial lending access for SMEs in Kenya, Uganda, and launch new products. The new funding

SA Payments Company, Yoco acquires Nona Digital, leading fintech, Web3 software development agency

SA Payments Company, Yoco acquires Nona Digital, leading fintech, Web3 software development agency

Yoco a South African payments, and software company has announced its acquisition of one of the leading fintech and Web3 software development agencies in Africa, Nona Digital. The payment firm raised a staggering sum of $83 million in Series C funding last July, has acquired Nona Digital. Both companies have

Moove, Nigerian-based Mobility start-up raises $105M Series A2 to expand into seven new markets across the globe

Left Lane Capital

Moove, Nigerian-based Mobility start-up raises $105M Series A2 to expand into seven new markets across the globe

Moove, a Nigeria-based mobility fintech startup that provides seamless vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks has raised $105 million in an oversubscribed Series A2 round to expand into seven new markets across Asia, MENA, and Europe over the next six months. The Series

YC and Kepple Africa Ventures-backed, Curacel unveils new API platform that enables tech-led businesses to offer insurance to Africans

YC and Kepple Africa Ventures-backed, Curacel unveils new API platform that enables tech-led businesses to offer insurance to Africans

Curacel, a Nigerian-based Y Combinator-backed insurtech startup that develops insurance infrastructure for the African market, has announced a new platform that enables digital businesses to add insurance to their core product offerings. Grow, an API-based platform, has been linked with 22 digital companies throughout Africa, including Topshop, Barter by Flutterwave,

Okhi, Nigerian smart address start-up secures $1.5M seed extension to scale its service across Nigeria

Chapel Hill Denham

Okhi, Nigerian smart address start-up secures $1.5M seed extension to scale its service across Nigeria

OkHi, a Nigerian smart addressing start-up that eliminates the in-person verification of customers’ addresses by banks, fintech companies, and other businesses has secured $1.5 million in seed extension to scale its service across Nigeria. The round brings its total seed raise to $3 million. Chapel Hill Denham, Flutterwave’s

Mowarrid, Egypt-based B2B marketplace acquired by Saudi Arabia-based B2B e-commerce platform, Sary

Mowarrid, Egypt-based B2B marketplace acquired by Saudi Arabia-based B2B e-commerce platform, Sary

Mowarrid, an Egyptian leading B2B Marketplace which focuses on B2B food and grocery, allowing retailers to procure their needs across its platform digitally has been acquired by the Saudi Arabian-based B2B e-Commerce platform, Sary for an undisclosed amount. Last December, the start-up secured the biggest E-commerce funding round in Egypt

Vula Mobile, South African health-tech startup partners Novartis to provide seamless eye care services across Africa

Vula Mobile, South African health-tech startup partners Novartis to provide seamless eye care services across Africa

Vula Mobile, a South African health-tech startup, a medical referral app and online platform which hosts a network of health professionals and connects healthcare workers by providing a safe and secure platform to share advice has partnered with the leading medicines firm, Novartis to provide an improved eye care services

Rocket Health, Ugandan Health Start-up, raises $5M Series A Round to Scale across Africa

Rocket Health, Ugandan Health Start-up, raises $5M Series A Round to Scale across Africa

Rocket Health, a Ugandan health start-up that specializes in online medical consultation, collection of samples, and the delivery of medicines to Ugandans has today raised $5 million in Series A round. The round was led by Creadev; an evergreen investment firm backed by the Mulliez family, with participation from Grenfell

Egyptian start-up, Homzmart, acquires Berlin-based technology company, MockUp Studio, expands into Europe

Egyptian start-up, Homzmart, acquires Berlin-based technology company, MockUp Studio, expands into Europe

Homzmart, an Egyptian-based start-up and leading furniture and home goods marketplace platform in the Northern Africa and the Middle East region announced its successful acquisition of the Berlin-based technology company, MockUp Studio to extend its consolidation of the furniture value chain and expansion into Europe. The acquisition confirms that Homzmart

Stax, a Pan-African Super App that Allows Transactions via Automated USSD Codes, Raises $2.2M in a Seed Round

Noemis Ventures

Stax, a Pan-African Super App that Allows Transactions via Automated USSD Codes, Raises $2.2M in a Seed Round

Stax, a firm that uses automated USSD codes to allow Africans to buy airtime, send and request money, and move payments between accounts has secured a $2.2 million initial extension round. World Within Ventures and Noemis Ventures, both headquartered in the United States, lead the seed extension round, and

South African Crypto Exchange, VALR raises $50M in Series B funding round to expand across Africa

South African Crypto Exchange, VALR raises $50M in Series B funding round to expand across Africa

VALR, a cryptocurrency exchange based in South Africa, has raised $50 million in a Series B round to help it expand across the continent. This is the largest fundraising round ever by an African cryptocurrency company. VALR’s valuation now stands at $240 million, more than ten times what it

MTN purchases 144 plots of digital land for undisclosed fee, becomes first African telco to enter the Metaverse

Africarare metaverse Ubuntuland

MTN purchases 144 plots of digital land for undisclosed fee, becomes first African telco to enter the Metaverse

MTN Group, Africa’s largest telecommunications company, has announced the acquisition of 144 digital land plots in the Africarare metaverse Ubuntuland for an undisclosed sum. MTN Group has made history as the first African telecommunication company to enter the Metaverse with this purchase. Africarare is a pioneering South African Metaverse

GE Healthcare and a Kenyan startup, Afya Rekod partners to boost healthcare delivery in Africa

GE Healthcare and a Kenyan startup, Afya Rekod partners to boost healthcare delivery in Africa

GE Healthcare and Afya Rekod, a Kenyan startup, have struck a strategic relationship to boost care delivery in Nigeria, Kenya, and South Africa by providing better and more seamless access to personal health data. By enabling hospitals and diagnostic institutions to host health records securely on one platform through a

Boxconn plans aggressive expansion across Africa after facilitating thousands of deliveries in Nigeria and Botswana

Boxconn plans aggressive expansion across Africa after facilitating thousands of deliveries in Nigeria and Botswana

Boxconn is a Ghanaian logistics software platform that enables businesses and individuals to deliver on-demand. It provides a white-label delivery service that allows businesses to promote delivery through their own channels while also gaining access to an on-demand fleet of riders. The e-logistic start-up was founded in January 2021 by

Nigerian data Science start-up, Voyance, raises $500,000 in pre-seed round, introduces two new products

Nigerian data Science start-up, Voyance, raises $500,000 in pre-seed round, introduces two new products

Voyance, a Nigerian data science startup, has raised $500,000 in a pre-seed funding round that Beta led. Ventures with participation from Zedcrest Capital, HoaQ club, and Assembly Investors. Fola Olatunji-David, founding partner of Kickoff Africa, and Nelly Chatue-Diop, the co-founder and CEO of Ejara, were among some angel investors