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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,

Egyptian e-commerce fulfillment startup, Mylerz secures $9.6M to scale its services across Africa

Egyptian e-commerce fulfillment startup, Mylerz secures $9.6M to scale its services across Africa

Mylerz, an Egyptian e-commerce fulfillment startup has secured $9.6 million from a Lorax Capital Partners-led investment round with participation from Fawry to scale its services across Africa. The startup’s immediate plan is to enter three new markets in North Africa and expand across Egypt over the next three

Rental Financing Platform, Kwaba, is Looking to Improve Housing Welfare in Africa

Rental Financing Platform, Kwaba, is Looking to Improve Housing Welfare in Africa

Housing for most middle-income earners in the modern economy is scarce especially in most of the world’s megacities. A report from BBC noted that “middle-to-high-income” apartments can cost anything from $5,000 to $40,000 per year. A two-bedroom flat with electricity in a good Lagos neighborhood, Victoria Island,

Congo’s Crypto Startup, Jambo Secures $30M in Paradigm–led series A to Power Web3 across Africa

Congo’s Crypto Startup, Jambo Secures $30M in Paradigm–led series A to Power Web3 across Africa

Jambo Technology, a Congo-based crypto startup that leverages “learn, play, earn” to democratize access to crypto-based income-generation options for Africans, has secured $30 million in a Series A funding round led by Paradigm, a crypto-focused venture firm to make web3 products more accessible to Africans. Paradigm which made its first

How Egyptian Paymob is Improving the Cashless Behaviour of Africans

How Egyptian Paymob is Improving the Cashless Behaviour of Africans

Paymob is an infrastructure technology enabler that provides payment solutions for different business sizes. The startup’s drive is to empower digital financial service providers through mobile wallet technology. Islam Shawky, Alain El Hajj, and Mostafa Menessy founded Paymob in 2015. The idea of Paymob’s service is to enable

WhatsApp's Newly Released Features Rival Telegram

WhatsApp's Newly Released Features Rival Telegram

The Meta-owned instant messaging platform, WhatsApp, has renewed its continuous rival with Telegram, another social networking site with its recent release of new features on its platform that will see it go toe to toe with Telegram. WhatsApp, the most popular global instant mobile messaging app with over two billion

Tradedepot appoints Chidi Akubuiro as Managing Director for West Africa (Anglophone)

Tradedepot appoints Chidi Akubuiro as Managing Director for West Africa (Anglophone)

B2B eCommerce and embedded finance platform in Africa, TradeDepot, has appointed former Coca Cola HBC Nigeria Executive, Chidi Akubuiro as its Managing Director for Anglophone West Africa. Effective from May 1st 2022, Akubuiro will lead further expansion of TradeDepot’s services across more key cities in Nigeria and Ghana, and

Egypt: Fintech startup, Paymob raises $50 Million in Series B Funding

Egypt: Fintech startup, Paymob raises $50 Million in Series B Funding

Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay Point. Other investors in the round include Helios Digital Ventures, British International Investment, and Nclude. All existing investors, including A15, FMO, and Global Ventures also participated. The funding will be used

rali_cap launches $30M fintech fund for startups in emerging markets

rali_cap launches $30M fintech fund for startups in emerging markets

Emerging markets focused early-stage venture capital firm, Rali_cap, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signalling a strong LP appetite. The fund which first started

InstaDeep is Improving Access to AI for African Startups

Artificial Intelligence

InstaDeep is Improving Access to AI for African Startups

When InstaDeep was launched in 2014, its vision was to deliver AI-powered decision-making systems for the Enterprise. The startup believes this will be useful in solving some of the world’s most complex industrial problems. AI presents countless avenues sectors to optimize solutions to the most crucial problems. This solution

Uganda Warns financial institutions against Facilitation of Crypto Transactions

Uganda Warns financial institutions against Facilitation of Crypto Transactions

In another blow to the cryptocurrency adoption in Africa, the Bank of Uganda has warned payments intermediaries including banks and fintech companies across the East African country against facilitating cryptocurrency transactions, saying it has not licensed any institution in the country to carry out such trades. The Bank of Uganda,

Norebase secures $1M Pre-Seed to help more startups start, scale, operate across Africa

Consonance Investment

Norebase secures $1M Pre-Seed to help more startups start, scale, operate across Africa

Norebase, a Nigerian trade technology startup that is establishing a single platform for startups to launch, expand, and operate throughout the African continent, has received $1 million in a pre-seed fundraising round led by Samurai Incubate and Consonance Investment. Sahil Lavingia (Gumroad), Kinfolk VC, Future Africa, Ventures Platform, Microtraction, Boleh

Decentralized NFT gaming: the future of gaming in Africa

African Gaming Industry

Decentralized NFT gaming: the future of gaming in Africa

NFTs (Non-Fungible Tokens) are more than simply collectibles. It has progressed beyond that and is now a driving force behind the transformation of traditional system processes. It is now undergoing rapid expansion, with a market capitalization of $840 million. Its markets are also saturated with enthusiasts for several reasons, one

FIFA Partners Blockchain Innovator, Algorand for sustainable revenue growth

FIFA Partners Blockchain Innovator, Algorand for sustainable revenue growth

FIFA, the governing body of football around the globe, has announced technical cooperation and sponsorship agreement with Algorand, a green blockchain technology firm based in the United States. FIFA President Gianni Infantino and Algorand founder Silvio Micali announced the partnership in Los Angeles, making the American firm a FIFA World

Africa’s Disrupt Story: The Case of Web3 Adoption in the Region

Africa’s Disrupt Story: The Case of Web3 Adoption in the Region

As Africans strive to build an entirely new tech ecosystem built on Blockchain, the region edges closer to a more decentralized financial system that strengthens financial freedom. About 2 decades ago, the idea of E-commerce and Fintech was but a mere wish in the region. Today, Africa has joined the

Hello Tractor, Heifer International launch Pay-As-You-Go Tractor funding for Nigerian Agripreneurs

Hello Tractor, Heifer International launch Pay-As-You-Go Tractor funding for Nigerian Agripreneurs

Hello Tractor, a Nigerian tractor-booking platform, has secured $1 million in funding from Heifer International to provide loans for tractor purchases. Farmers will repay with revenue earned by leasing the tractors to local farmers. “We developed the PAYG program to make tractor ownership—and the reliable income these machines can

The Web and its Different Versions: Aligning the Web2 and Web3 Dichotomy

The Web and its Different Versions: Aligning the Web2 and Web3 Dichotomy

Several Web3 proponents have gone ahead to what the web takeover. Without needing to delve into the deficiencies of all the webs, it is good to correct the assertion that web3 is not an ‘evolution’ of web2. John Mc Keown explained that what has been termed a modification does not

Startups in Africa raise Over $600M in April to bring total funding in 2022 to over $1,808,963,000

Startups in Africa raise Over $600M in April to bring total funding in 2022 to over $1,808,963,000

After the first four months of 2022, African startups and their tech ecosystem show no sign of slowing down. As of now, Africa’s tech space has secured over $1,808,963,000B in funding. In addition, Africa’s tech space hit the $600m mark for the third month running

Egypt's SWVL acquires UK-based Largest Smart Bus platform, Zeelo For $100M

Egypt's SWVL acquires UK-based Largest Smart Bus platform, Zeelo For $100M

SWVL Holdings, a global supplier of disruptive tech-enabled mass transit solutions, has today announced its completion of a formal agreement to acquire Zeelo, the United Kingdom-based largest smart bus platform, and technology scale-up by bookings, for $100 million. Swvl’s recent successful acquisitions of Viapool and Shotl, as well as

From Funding to Tech Talent to Emerging Tech; Africa’s Tech Space Will Unleash more Tech Waves in 2022

From Funding to Tech Talent to Emerging Tech; Africa’s Tech Space Will Unleash more Tech Waves in 2022

The advancement of technology in Africa has piqued the interest of the rest of the world. Despite been labeled an “emerging market” for a long time, it has grown dramatically over the last decades. Africa’s tech ecosystem had snowballed into one of the world’s fastest-growing tech ecosystems, with

Nigeria’s Eden Life expands to Kenya, acquires Lynk

Nigeria’s Eden Life expands to Kenya, acquires Lynk

Eden Life, Africa’s first home concierge services scheduling platform has acquired Lynk, a Kenyan gig marketplace in a move that will see Eden Life expand into Kenya. The strategic acquisition, brokered by Enza Capital will allow Eden Life leverage Lynk’s successful platform that connects informal workers with end-users

Techstars Accelerator comes to Lagos

Techstars Accelerator comes to Lagos

Techstars, one of the most influential accelerators in Africa has announced the ARM Labs Lagos Techstars Accelerator for early-stage fintech and proptech startups across the continent. The ARM Labs Lagos Techstars Accelerator will receive applications this June through August. Up to 12 startups will be selected on an annual basis

The Central African Republic becomes first country in Africa to make Bitcoin a legal tender

The Central African Republic becomes first country in Africa to make Bitcoin a legal tender

The Central African Republic has officially adopted bitcoin as an official currency, making it the first African country to do so and the second in the whole world after El Salvador became the first country in the world to introduce bitcoin as an official currency in September 2021, allowing citizens

The Role of Tertiary Institutions in Africa’s Preparation for the Next Tech Wave

The Role of Tertiary Institutions in Africa’s Preparation for the Next Tech Wave

As Africa continues to align itself with the global tech trend, the continent’s tech space continues to surge. New techs have always disrupted old ones. Globally, technology has always progressed in “tech waves,” which signal the widespread dissemination and adoption of new ideas. Manufacturing, for example, was the main

Solar company, Bboxx reportedly acquires Ghana’s PEG Africa for $200 million

Solar company, Bboxx reportedly acquires Ghana’s PEG Africa for $200 million

Bboxx, a London-headquartered cleantech startup that provides clean energy in Africa, has reportedly acquired PEG Africa, another cleantech startup based in Accra, in a deal worth $200 million, according to reports from TechCabal. This deal is the largest across all categories—including venture funding, grant, or M&A—in