Funding Egypt Startup Zedny gets $1.2 Million Investment. Zedny, an Arabic learning startup in Egypt has gotten an investment of $1.2million and the assets will be coordinated to their locale wide extension The Egyptian stage has great 5,000 hours open to clients. The firm offers years-long learning and can be gotten to over the whole Middle
Startup Cairo Angels introduce fundraising consultancy for early-stage startups. Angels Investment network, Cairo Angels has introduced a fundraising consultancy for early and growth-stage startups that operates in the Middle East and Africa. Cairo Angels are Egypt’s first formal network of angel investors that invest in and support startups and early-stage, high-growth businesses. The Angels Network has partnered with
Startup South Africa’s LifeQ, Samsung rolls out VeoSens, wearable insurance, and health management solution. South African biotech startup, LifeQ in partnership with Samsung and Hannover Re has rolled out VeoSens, a wearable integrated insurance and health management solution. LifeQ uses technology and analytics to improve the health and well-being of humans. Its solutions fill the gap between medical devices and basic consumer devices while
Asia Uber Appoints A New head For its Asia Pacific Business; Pradeep Parameswaran. Uber has appointed Pradeep Parameswaran, as its new head for the Asia Pacific part of the business and he is set to begin his new role next week. Parameswaran was the chief of Uber India and South Asia and during his time of leadership, he helped Uber develop and successfully
C. Moore Media launches “The Future is Female Mentorship Program.” C. Moore Media has launched a Public Relations (PR) and communications mentorship program dubbed, “The Future is Female Mentorship Program” to provide business development needs to African Tech female founders. The Female Mentorship Program aims to provide the underserved market of African female founders of early-stage start-ups with the PR
Startup Ride-hailing company, Uber to partner with Flutterwave to launch Uber Cash. Ride-hailing company, Uber is planning to partner with FinTech firm, Flutterwave to launch Uber Cash, a digital wallet feature in Africa. Flutterwave is a B2B payment gateway network that allows clients to tap its APIs and also customize payments applications. According to TechCrunch, the new partnership will allow Uber riders
Startup Kenyan Company "Raise" Launches Their Public Beta fundraising platform for African startups Raise, a Kenyan company has launched its public beta end-to-end fundraising platform for African startups in order to make fundraising easier and gives solutions to fundraising through its digital platform. The platform also helps gives permits to founders and investors to open a personal virtual deal room, issue compliant electronic
Funding South African startup, Sun Exchange secures $3m to expand into new markets across Africa South African peer-to-peer solar leasing platform, Sun Exchange has secured a $3 million investment as part of its Series A round to expand into new markets across the African continent. The solar leasing platform has now closed a $4 million round with the fresh $3 million investment by the Africa
Funding truID, a South African banking startup secures funding from fintech investor, Crossfin. truID, South African open banking startup has raised undisclosed funding from African fintech investor, Crossfin through its investment arm, Crossfin Ventures to widen its customer base and build out its product. truID provides financial institutions and fintech with secure access to consumer banking data. Its API provides consumers with a
Startup Sanofi declares five winners of AfricaTech Healthcare Challenge. Global biopharmaceutical company, Sanofi has declared five winners of its AfricaTech Challenge. This comes after an online pitch was held on 11 June, where 11 startups took part in four challenges. The 11 startups were chosen from 268 applications which came from 34 African countries after tech-savvy entrepreneurs and startups
AUC Venture Lab Accelerator event, PayHack comes up June 17. AUC Venture Lab Accelerator powered by the Commercial International Bank (CIB) and in partnership with the International Finance Corporation is hosting a 3-day virtual hackathon coming up June 17th to June 21st. During the event, participants will get the opportunity to dive deep into the digital payments landscape in Egypt
Startup Mastercard joins forces with Netcash to roll out QR Code Billing Service for SMEs. Mastercard has joined forces with Netcash to roll out Quick Response (QR) code payments in a bid to help Small and Medium Enterprises (SMEs) to collect revenue effectively. This QR payment system hopes to meet the demand of today’s connected consumers who are increasingly seeking easy and contactless ways
Startup Cameroonian Leading Web and Mobile Platform startup "AbegYa" Selected For MassChallenge Texas accelerator. Cameroonian startup leading web and mobile platform “AbegYa“, has been selected to participate in the MassChallenge Texas accelerator program which provides customers instant mobile access to reliable service providers. This accelerator program would help the startup to gain access to training, mentorship, and name deals. “AbegYa” the web and mobile
Startup Mukuru partners WorldRemit to expand money transfers to Zimbabwe. Africa’s remittance provider, Mukuru has partnered with global online money transfer service, WorldRemit to expand money transfers to Zimbabwe from across the world. The new partnership will bring world-class financial services to Zimbabwe at the same time creating financial inclusion in Africa. CEO of Mukuru, Andy Jury said, “We
Features Farmula: Farm to fork, how this company connects you to fresh produce. Farmula: Farm to fork, how this company connects you to fresh produce. Fresh food is key to the total well-being of the human body and if that is so, accessibility to naturally grown fresh produce is as important as its consumption. We caught up with Vivian, the founder of the
Funding Wahed Invest, Announces $25MFunds Raised For Islāmic Investment Platform. Fintech startup Wahed Invest has announced it has raised $25 million during a fundraising for the Islāmic Investment platform. Saudi Aramco Entrepreneurship Ventures (also called Wa’ed Ventures) the risk capital arm of Saudi Aramco, led the financing for Wahed (which means “one” in Arabic). Existing backers BECO and cue
Funding Egyptian mental health platform, Shezlong acquies funds from Singapore-based investor, AAIC. Egyptian mental health platform, Shezlong has acquired undisclosed funds from Asia Africa Investment Consulting (AAIC), a Singapore-based investor that invests in health care startups in Africa. Other investors who participated in the round include Mohamed El Khamissy, an investor in different health and wellness startups across the Middle East, Europe,
Funding South African startup Merge App raises investment of $100k from Platform Capital South African, startup Merge has raised an investment of $100 000 from Nigerian investor Platform Capital. Merge is a marketplace platform that allows start-ups and entrepreneurs to connect with a network of investors that suit their funding needs through an app and web-based platform. According to a statement by Platform
Funding Ninety One introduces R10 Billion fund to support COVID-19 stricken businesses in South Africa Ninety One, an Asset Management firm has introduced an R10-billion fund to help COVID-19 stricken businesses in South Africa. Ninety One has partnered with Ethos Private Equity firm to gain a commercial return while investing in businesses that are important to SA’s economy. The fund dubbed SA Recovery Fund
The Federal Government of Nigeria plans to tax Netflix, Facebook, and other foreign digital services The Federal Government of Nigeria has planned to tax foreign digital services providing services to citizens in the country and earning revenue in the Nigerian monetary unit. Netflix, Facebook, Twitter, and other foreign digital service suppliers are among the services expected to pay tax under the business tax issued by
Google is planning to replace Google Plus with Currents Google is planning to replace Google Plus with Currents while making it available to G Suite users starting July 6, 2020. According to the tech giant Google, Currents is a rebrand of Google Plus that allows companies to engage employees and have meaningful discussions. Google closed Google Plus as a
Zoom Zoom Inc sees increment in both Sales, Customers amid COVID-19 pandemic. Video conferencing platform, Zoom Video Communications Inc has seen an increase in sales and customers amid the COVID-19 pandemic. This follows the high demand for video conferencing service during the coronavirus pandemic. Zoom showed that paying customers has hyped the app at the same time solving the problem of work,
Funding Investment firm, Microtraction invests in Chaka, an investment tool for trading global and local stock markets. Early-stage investment firm, Microtraction has invested in Chaka, an Investment tool that helps Nigerians invest in publicly traded companies in the United States, Chinese and Nigerian markets from anywhere in the world. Microtraction’s mission is to accelerate Africa’s transition to a sustainable and developed economy and for that
Facebook Set to begin Labeling State-Controlled Media on its Ads from Publishers. Facebook will be labeling ads from publishers to help people better understand who’s behind the news they see on Facebook. This plan was announced several months ago, to label media contents that were under the control of the state and they are starting to apply labels to these state-controlled
US-based fund, Aptive Capital opens applications for investment worth $10 k for African startups. US-based investment fund, Aptive Capital has opened applications for investment worth $10, 000 to assist African entrepreneurs and innovators who are committed to social impact in their communities. Startups that need funding can apply from Nigeria, Ghana, Kenya, South Africa, Egypt, and Ethiopia. Thereafter, 25 startups will be invited for
