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Nigerian AltSchool raises $1M pre-seed Funding to Bridge Entry-level Gap in Africa

Nigerian AltSchool raises $1M pre-seed Funding to Bridge Entry-level Gap in Africa

Nigerian Edtech platform providing curriculum to improve/upskill non-technical people with technical and soft skills while partnering with higher institutions to provide diploma certificates, AltSchool, has announced it raised $1 million in pre-seed funding to scale its efforts. The round featured Nigerian entertainer, Folarin Falana (Falz); Flutterwave Founder, Olugbenga GB

African Startups raised Over $475M in January. Promising!

African Startups raised Over $475M in January. Promising!

For African startups, it has become clear that the amount of funding committed to a particular sector directly affect the development, quality, and services generated from the sector. Funding maximizes the benefits available for a sector or unit and transmits a signal that the founders are willing to grow. Whether

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

Nigerian fintech startup, Bamboo raises $15m Series A from Greycroft and Tiger Global

Nigerian fintech startup, Bamboo raises $15m Series A from Greycroft and Tiger Global

Nigerian brokerage app that lets Africans buy and trade US stocks in real-time, Bamboo, has announced it raised $15 million Series A funding round to accelerate its growth, move into new markets and launch more products. The round was led by Greycroft and Tiger Global with participation from Motley Fool

Nigerian Eazipay Inc. Joins the Y Combinator W22 Accelerator Program

Nigerian Eazipay Inc. Joins the Y Combinator W22 Accelerator Program

Eazipay Inc., a Nigerian startup that provides payroll and bookkeeping services to SMEs and corporates, has announced its participation in the Y Combinator Winter 2022 accelerator program. Based in Lagos, Nigeria, Eazipay designs Apps and APIs solutions for payroll and corporate taxes for small businesses and startups. With just one

Splendapp raises pre-Seed round from Saudi Angel Investors

Splendapp raises pre-Seed round from Saudi Angel Investors

Cairo-based mobile app developer, Splendapp, has announced it raised an undisclosed six-figure pre-Seed round from a cluster of Saudi angel investors. Splendapp is a mobile app creator offered as a SaaS solution launched in 2020 by Mohamed Khaled and Mohamed Shahin. The startup leverages an engine built to be used

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

Tanzanian remittance platform NALA, raises $10 M in a new fundraising round

Tanzanian remittance platform NALA, raises $10 M in a new fundraising round

Tanzanian fintech, NALA, has raised $10 million in a fundraising round. NALA is a cross-border payment company that recently pivoted its services from local to international money transfers. Investors in this funding round include Amplo, Accel, and Bessemer Partners, with local investors like DFS Lab. Also partaking are angel investors

Ghanaian Fintech OZÉ raises $3M to scale startup

Ghanaian Fintech OZÉ raises $3M to scale startup

Ghanaian startup providing digital recordkeeping tools with embedded finance products for small and medium scale businesses, OZÉ, has raised $3 million in pre-series A funding round. The funding round was led by European venture capital firm Speedinvest, which invests in pre-seed, seed, and early-stage tech startups. Also participating in the

South Africa’s CompariSure Raises $980k Pre-Series A Funding

South Africa’s CompariSure Raises $980k Pre-Series A Funding

South African conversational commerce startup allowing personalized engagements between companies and users, CompariSure, has raised $980 K in a pre-Series A funding round to help it expand the usage of its chatbot technology. The round was led by HAVAÍC and featured 4Di Capital. The startup plans to use the funding

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

Uber launches UberMoto; a new mobility service in western Nigerian city

Uber launches UberMoto; a new mobility service in western Nigerian city

The ride-hailing platform, Uber, has launched UberMoto, a motorcycle ride-hailing service in the western Nigerian city of Ibadan. Through the Uber app, riders can access affordable and convenient rides on two wheels at a go, with a minimum fare of $0.24. The features using Ubermoto as the same for

South African TallOrder receives Additional $3M Series A Funding

South African TallOrder receives Additional $3M Series A Funding

South African developer of advanced cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, TallOrder Solutions Pty Ltd (TallOrder), has raised $3m in additional Series A funding. This takes the total funds raised by TallOrder to $5m since its founding in late 2014. The round

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

South African, Wamly Secures Funding From Knife Capital

South African, Wamly Secures Funding From Knife Capital

South African one-way video interview software startup, Wamly, has secured an undisclosed second round of investment from local venture capital firm Knife Capital to power its international expansion plans. As part of the deal, Knife Capital partner, Davey Gant will join the Wamly Board of Directors. Founded in 2018 by

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

Talabat Achieves Highest Level of PCI-DSS Certification for Transactional Security1

Talabat Achieves Highest Level of PCI-DSS Certification for Transactional Security1

Talabat, Egypt’s leading food delivery and q-commerce platform is proud to announce their achievement of a Level 1 Certification in the Payment Card Industry Data Security Standard (PCI-DSS), a set of security standards formed in 2004 that aim to safely secure online credit and debit card transactions against data

South Africa’s Orderin raises $4.7m in Pre-series B Funding Round

South Africa’s Orderin raises $4.7m in Pre-series B Funding Round

Orderin, a South African Delivery-as-a-Service (DaaS) business with 100pc proprietary technology, has announced it raised $4.7m in a pre-series B funding round. The latest funding for the start-up comes as e-commerce is flourishing in the country and beyond. According to a recent report by World Wide Worx, South Africa’

Nigerian TAP, Uganda based Numida, to participate in Y Combinator W22 Batch

Nigerian TAP, Uganda based Numida, to participate in Y Combinator W22 Batch

Nigeria-based Touch and Pay Technologies Limited (TAP) and Ugandan fintech, Numida join other African startups as they announced participation in the winter batch of the 2022 Y Combinator accelerator program. Touch and Pay Tech Ltd is an IT service agency that digitizes and processes cash-based microtransactions across Africa’s informal

Nigeria Startup Dojah Announces Participation For Y Combinator W22 Batch

Nigeria Startup Dojah Announces Participation For Y Combinator W22 Batch

The Nigerian-based tech startup Dojah has confirmed its participation in the W22 Y Combinator accelerator program. “We are excited to announce that we are part of the Y Combinator W22 Batch. As a unified KYC and digital solutions company, we have a single goal of empowering scale and innovation for

Morocco’s Chari valued at $100M in bridge Funding Round

Morocco’s Chari valued at $100M in bridge Funding Round

Moroccan B2B e-commerce and retail startup, Chari, has announced it hit a $100m valuation after securing an undisclosed amount in a bridge round. The bridge round welcomed new investors including Khwarizmi Ventures, Air Angels, and Afri Mobility, the venture capital arm of AKWA Group. Recall that late last year, Chari

MPOWER Financing partners Flutterwave to provide Student Loans for African students

MPOWER Financing partners Flutterwave to provide Student Loans for African students

MPOWER Financing, a social benefit corporation that helps international students access loans and scholarships in the US and Canada, has announced its partnership with Flutterwave, a tech-enabled global payment company focused on Africa, to offer seamless student loan application and payment for international students in Africa. MPOWER offers students admitted

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

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian unicorn, Fawry, announces plan to raise $50 million, explores US listing

Egyptian fintech giant, Fawry, has announced Thursday its plan to raise EGP 800 million (~$50.9 million) in growth capital through a rights issue to existing shareholders. In a statement, the company said the proceeds will be used to finance its growth in financial services for both consumers and merchants.