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Blessed Frank

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

TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, a leading B2B eCommerce platform that connects micro-retailers with distributors and manufacturers of fast-moving consumer goods (FMCGs), has announced the acquisition of Green Lion, a fast-growing B2B eCommerce platform in Ghana, for an undisclosed sum. This will help the company expand and provide seamless service delivery. TradeDeport will acquire

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce, a Kenya-based retail B2B and end-to-end distribution network, has raised $40 million in Series A funding to help finance merchant inventories and expand across Africa. Ten13 VC, SOSV Select Fund, Vu Ventures, Vastly Valuable Ventures, and Uncovered Fund were among the investors in the round, led by V8 Capital

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant, a Payment Service Provider has gotten the approval of the Central Bank of Kenya to expand its payments services for businesses, banks, and consumers in the East African country. With this approval, Cellulant will continue to allow businesses to collect payments online and offline, while allowing anyone to pay

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Emmanuel Uduebholo

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Meeula, a Nigerian start-up has launched a smart lead-generating business card to aid corporate professionals, entrepreneurs, and business executives to effectively network. Meeula was founded in May last year by Emmanuel Uduebholo to ease the stress of moving around with a paper business card by the executive. Meeeula allows its

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Freterium, a Morocco-based startup that digitalizes freight trucking through its software, has raised a $4 million seed round to expand across the country and the Middle East and North African region. The funding round was led by San Francisco-based investor, Partech with participation from CDG Invest, Y Combinator, Flexport, Swiss

Nigerian agency banking startup, CrowdForce raises $3.6M to boost access to cash for underserved communities

Aruwa Capital Management

Nigerian agency banking startup, CrowdForce raises $3.6M to boost access to cash for underserved communities

Abuja-based startup, CrowdForce, a Y Combinator-backed agency banking platform, has today raised a $3.6 million Pre-Series A funding round to triple its PayForce agent network this year and deepen its financial service offerings to underserved Nigerian communities. The equity-and-debt round was led by Aruwa Capital Management with participation from

Egyptian e-commerce startup, Wasla, raises $9M from Contact, plans regional expansion

Contact Financial Holding

Egyptian e-commerce startup, Wasla, raises $9M from Contact, plans regional expansion

Egyptian e-commerce startup, Wasla has raised $9 million from Contact Financial Holding, an Egyptian non-bank that offers consumer finance service. The e-commerce startup is currently preparing to launch new online shopping capabilities including BNPL financing, a new online payment option and regional expansion. Wasla has before this founding received $1.

YC-backed Pharmtech, Remedial Health raises $1M pre-seed fund to stem fake drugs in Africa

Global Ventures

YC-backed Pharmtech, Remedial Health raises $1M pre-seed fund to stem fake drugs in Africa

Remedial Health has today announced it has secured $1 million in pre-seed funding to digitize pharmacies and standardize pharmaceuticals in a bid to stem the supply of fake and substandard drugs in Africa. The pre-seed round was co-led by UAE based Global Ventures, and Nigerian based VC firm, Ventures Platform,

Why Mdundo is targeting more Telco partnership across Africa

Why Mdundo is targeting more Telco partnership across Africa

Mdundo, a music streaming service focused on Africa, is looking to expand its agreements with telecom service providers across the continent to boost its earnings and subscriber base. This expansion is due to collaborations with MTN and Airtel in Nigeria and Vodacom in Tanzania, which doubled its user base by

Kenyan plastics recycling company, Mr. Green Africa, secures funding to scale its business across Africa

Kenyan plastics recycling company, Mr. Green Africa, secures funding to scale its business across Africa

Mr. Green Africa, a Kenyan plastics recycling pioneer company, is a circular recycling business that uses a technology-driven plastics collection model. The model enables waste collection at the source, integrating informal waste workers, micro-entrepreneurs, and consumers into a formal value chain. The plastic recycling company has secured an undisclosed amount

Kenya-based EV startup, BasiGo Secures $4.2M Seed funding to scale up operations In Kenya

Kenya-based EV startup, BasiGo Secures $4.2M Seed funding to scale up operations In Kenya

Kenya-based electric vehicles startup, BasiGo, which provides clean-energy mass transit vehicles, has closed a $4.3 million seed funding barely three months after commencing operations in the East African powerhouse. The $4.3 million funding round, which includes $930,000 raised during the pre-seed round late last year, was led

Nigerian healthtech, Reliance Health sets record in General Atlantic-led $40M Series B round

General Atlantic

Nigerian healthtech, Reliance Health sets record in General Atlantic-led $40M Series B round

Reliance Health, an emerging markets-focused digital healthcare provider has today announced the completion of a $40M Series B funding round led by General Atlantic, a leading global growth equity investor, with participation from Partech, Picus Capital, Tencent Exploration, AAIC (Asia Africa Investment and Consulting), P1 Ventures, Laerdal Million Lives Fund,

Kenyan wealth-tech startup, Ndovu launches, raises undisclosed amount in pre-seed round

Kenyan wealth-tech startup, Ndovu launches, raises undisclosed amount in pre-seed round

Kenyan wealth-tech startup Ndovu raised an undisclosed amount in a pre-seed round from 4DX Ventures, Plug and Play Tech Center, Future Africa, and Oui Capital yesterday to provide seamless access to the global financial markets to the east African country. The wealth-tech startup, Ndovu, was founded in 2020 by Radhika

Kenyan insurtech startup, Lami acquires Bluewave, now in Malawi and DRC, targets the rest of Africa

Kenyan insurtech startup, Lami acquires Bluewave, now in Malawi and DRC, targets the rest of Africa

Kenyan insurtech startup Lami Technologies has announced its acquisition of Bluewave Insurance Agency. This Kenyan-based insurtech startup leverages mobile technology to reach the underserved population for an undisclosed amount. It seeks to make insurance covers accessible and affordable for more people across the African continent. This acquisition is a plus

Nigerian Insurtech, Casava raises $4M pre-seed funding to make insurance affordable and accessible for Nigerians

Nigerian Insurtech, Casava raises $4M pre-seed funding to make insurance affordable and accessible for Nigerians

Casava, a Nigerian digital insurance company has today raised $4 million pre-seed round. This funding is the largest pre-seed for an African insurtech company and the second largest for a Nigerian startup after Nestcoin whose round was declared only yesterday. The pre seed round was led by a Berlin-based Target

AFEX, a Nigerian leading commodities market player seeks to raise $175m in ABCP to boost Nigeria’s agro sector

AFEX, a Nigerian leading commodities market player seeks to raise $175m in ABCP to boost Nigeria’s agro sector

AFEX, a Nigerian leading commodities market player and the first private sector commodities exchange, announced on Monday the reopening of its $240m Asset-Backed Commercial Paper (ABCP) which will help in stabilizing the country’s agriculture sector by offering low-cost financing to Agro-processors to bridge the funding gap between lenders and

Brimore raises $25 million in IFC led series A round to expand across Africa

Brimore raises $25 million in IFC led series A round to expand across Africa

Brimore, a Cairo-based social commerce platform connecting suppliers to community sellers, has closed a Series A round led by the World Bank’s International Finance Corporation (IFC) and early-stage investment venture capital firm, Endure Capital, with participation from Fawry, Flourish, Endeavor Catalyst Fund and the startup’s existing investors including

Esusu raises $130M Series B to attain unicorn status, led by SoftBank Vision Fund 2

Esusu raises $130M Series B to attain unicorn status, led by SoftBank Vision Fund 2

Esusu, a New York-headquartered fintech startup that targets immigrant and minority groups and provides rent reporting and data solutions for credit building scores, announced on Thursday that it has raised $130 million in a Series B fundraising round. The round was led by SoftBank Vision Fund 2 with participation from

Vesti, a Migrant’s Banking App, Raises $500k In Pre-seed Funding

Vesti, a Migrant’s Banking App, Raises $500k In Pre-seed Funding

Vesti Technologies Inc announced that it has raised five hundred thousand dollars ($500,000) as part of a pre-seed funding round to improve its product platform, solidify its market penetration into the African market as well as increase its users base. Participants in the round include Oxygen Group, Microtraction, Prunedge

SA fintech startup, Floatpays raises $4m seed funding round, plans African expansion

Floatpays, a South African fintech startup has secured $4 million in an oversubscribed seed funding round to boost its expansion into the rest of African countries. Founded in 2019 by Simon Ward, Floatpays is a technology platform that enables on-demand access to pay, seamless savings functionality and financial literacy to

Tunisian and London-based enterprise AI startup, InstaDeep raises $100M in series B round

Alpha Intelligence Capital

Tunisian and London-based enterprise AI startup, InstaDeep raises $100M in series B round

InstaDeep, an enterprise AI startup that specializes in creating decision-making systems for solving real-world problems has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB. BioNTech,Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures,Google, G42 and Synergie participated in the round. InstaDeep was

SA Mobile Games Publisher, Carry1st raises $20M in series A extension round

Andreessen Horowitz

SA Mobile Games Publisher, Carry1st raises $20M in series A extension round

Carry1st, a South African mobile gaming publisher has announced a $20 million Series A extension round led by Silicon Valley-based VC firm, Andreessen Horowitz. This investment marks a16z’s first investment into an African-headquartered company (the firm has previously invested in Branch and Zipline, companies with some of its operations

Nigeria based Frain Technologies raises $473K in pre-seed funding to build Webhooks Infrastructure

Nigeria based Frain Technologies raises $473K in pre-seed funding to build Webhooks Infrastructure

Frain technologies, a Nigerian developer-tooling startup dedicated to building webhooks infrastructure has recently completed a $473k pre-seed round to build Webhooks infrastructure. The pre-seed round, led by Rally Cap Ventures, also witnessed participation from Musha Ventures, Future Africa, Eric Idiahi, Aidi Ventures, Tomiwa Lasebikan, Prosper Otemuyiwa, Odunayo Eweniyi, Timi Ajiboye,

Kenyan fintech, Zanifu clinches $1M to close MSME financing shortfall in Africa, plans Ghana and Uganda expansion

Kenyan fintech, Zanifu clinches $1M to close MSME financing shortfall in Africa, plans Ghana and Uganda expansion

Zanifu, a Kenyan fintech startup is set to upgrade its platform and expand the number of micro, small and medium enterprises (MSMEs) it offers stock-financing to after raising $1 million in Seed funding. This round is the second investment from Saviu Ventures, having earlier invested in the startup’s pre-seed

Kenya’s Poa Internet Service raises $28m Series C to expand across the country

Kenya’s Poa Internet Service raises $28m Series C to expand across the country

Poa Internet Service, a Kenyan startup that provides unlimited WiFi internet service to dwellers of low-income areas in Nairobi, the Kenyan capital, has closed a $28 million Series C funding. The round was steered by Africa50 with participation from Novastar Ventures. Africa50 is an infrastructure financier backed by the Africa