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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

Ivorian health-tech startup Susu raises $2.2M in pre-seed funding to help Africans access quality health care

Ivorian health-tech startup Susu raises $2.2M in pre-seed funding to help Africans access quality health care

Ivorian health-tech startup Susu has raised €2 million ($2.2 million) in a pre-seed funding round with angel investors. Part of the funding was also raised as debt, and grant financing from BPI France, the French government’s public investment bank. Susu is a global health-tech startup that provides preventive

Kasha Global Bridge Funding round from Beyond Capital Ventures

Kasha Global Bridge Funding round from Beyond Capital Ventures

East Africa’s premier femtech retailer for high-quality, affordable health and personal care items, Kasha Global, has announced it secured a $300,000 Series A2 Bridge fundraising round from Beyond Capital Ventures, a new women-led impact venture capital business. Kasha was launched in 2016 by Amanda Arch and Joanna Bichsel.

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

Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Egypt-based online legal education platform, Kouncel, has secured $1.2 million pre-Seed round. The whole cash raised will be divided into two parts: $280,000 in banknotes and the remainder in in-kind services. The round was led by Zaldi Capital. The African Development Bank (AFDB), the Academy for Scientific Research

Nigerian fintech startup Sudo Africa raises $3.7M in pre-seed funding to expand into other African markets

Nigerian fintech startup Sudo Africa raises $3.7M in pre-seed funding to expand into other African markets

Nigerian financial service startup Sudo Africa has secured $3.7 million in pre-seed funding. Sudo Africa is a card issuing API platform, that enables developers and businesses to issue physical and virtual cards instantly. The pre-seed round was led by U. S-based Global Founders Capital (GFC) and had participating, Picus

Emerging markets neobank Canza Finance raises $3.27 million in seed funding

Emerging markets neobank Canza Finance raises $3.27 million in seed funding

Canza Finance, an emerging markets neobank that is building the world’s largest non-institutional-based financial system, announced the completion of its $3.27M seed round. The funding round was led by Fenbushi Capital. Dominance Ventures, Bixin Ventures, Consensys, Protocol Labs, Emergo Ventures, MEXC Global, NGC Ventures, XanPool, Hashkey, the founders

Mumerz raises $1.2 million for Regional Expansion

Mumerz raises $1.2 million for Regional Expansion

Egypt-based e-commerce platform offering products for mothers, soon-to-be mothers and children Mumerz, has raised $1.2 million in a pre-Seed round led by Disruptech, a local venture capital firm. The startup was co-founded in 2021 by Amir Shenouda and Nadia Gamal El Din, to address the information, advising, and product

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

Paga announces official launch in Ethiopia following regulatory approval

Paga announces official launch in Ethiopia following regulatory approval

Leading African fintech company, Paga, has announced its official launch in Ethiopia following the receipt of regulatory approval by the National Bank of Ethiopia. In a statement, Paga explained that the launch was in partnership with the Bank of Abyssinia, a leading lender in the Horn of Africa country. Paga

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Cadana, a salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company. Cadana helps businesses delight their employees by providing modern payroll platforms that allow employees access to their earned salary on-demand, anytime, anywhere. Following this partnership, Flutterwave processes payments

Kenyan retail startup Cartnshop raises $400k in angel funding to expand operations

Kenyan retail startup Cartnshop raises $400k in angel funding to expand operations

Kenyan e-commerce startup Cartnshop has raised $400,000 in its first funding round to accelerate commercialization operations in the coming months. Cartnshop is a tech-enabled platform that allows retail businesses in Africa to expand their sales, using online sales channels. Cartnshop uses a SaaS model to enable African SMEs to

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

M-Kopa raises $75m in equity funding and targets expansion

M-Kopa raises $75m in equity funding and targets expansion

Kenyan Fintech platform providing financing and digital financial services to underbanked consumers across four markets in Africa, M-KOPA, has announced it secured $75M in a Growth Equity round to bring the startup’s total equity funding to $190M. The round was led by Generation Investment Management and Broadscale Group, with

African Startups raise Over $630M in February to bring total funding in 2022 to $1,109,590,000

African Startups raise Over $630M in February to bring total funding in 2022 to $1,109,590,000

Africa’s tech space is unleashing innovation that drives job creation and economic opportunities. African startups are leveraging expansive access to finance and funding to build technological competitiveness. Speaking of African startups’ record breaking 2021 is probably sounding like a broken record now. However, continuing with the current funding pace

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

FreshSource Raises Seven-Figure Seed Round for Expansion

FreshSource Raises Seven-Figure Seed Round for Expansion

MENA region’s B2B agri-supply chain platforms, FreshSource, has just announced a seven-figure investment from 4DX Ventures and Wamda. The funding round will be used to scale its operations across Egypt and serve more farming communities. The Cairo-based, fresh food platform was launched in 2019 by Farah Emara and Omar

Egyptian logistics startup, Milezmore raises $5M in pre-seed funding round led by Brimore

Egyptian logistics startup, Milezmore raises $5M in pre-seed funding round led by Brimore

Egyptian logistics provider startup, Milezmore has raised $5 million from the social commerce platform, Brimore in a pre-seed funding round. Milezmore is a cutting-edge, cost-efficient, tech-enabled logistics solutions platform that provides cloud fulfillment, last-mile delivery, and other tailored operations solutions. Milezmore is the first of its kind in Egypt, providing

Africa’s Disrupt Story: The Case of E-Commerce Startups in Egypt

Africa’s Disrupt Story: The Case of E-Commerce Startups in Egypt

North African Disrupt The Egyptian government has shown increased support to further boost the country’s startup ecosystem and disrupt tech. Egypt’s technology and innovation-driven ecosystem has seen nothing but growth in the past years. As such, the number of startups in Egypt has grown fast, while also attracting

SA’s Silvertree Brands acquires foodtech UCOOK in $12.3M deal

SA’s Silvertree Brands acquires foodtech UCOOK in $12.3M deal

South Africa’s leading consumer brand Silvertree Brands, has acquired food tech meal kit delivery startup UCOOK in a deal worth ZAR 187 million ($12.3 million). The South African dinner kit delivery service provides viable and ethically sourced ingredients delivered to users. The startup was co-founded by David Torr,

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups have been selected to participate in the 10th fintech cohort of the Catalyst Fund, a global inclusive tech accelerator managed by BFA Capital. The African startups in the program include AquaRech, ColdHubs, TopUp Mama, Tulix, and two other startups, Koltin and Mujer Financiera, from Mexico and Argentina,

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

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