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Kenya’s Fintech, Kwara Raises $4m in Seed Round

Kenya’s Fintech, Kwara Raises $4m in Seed Round

Kenyan Fintech startup, Kwara, which is helping to turn traditional savings cooperatives into modern digital banks, has raised $4m in a seed round. Investors who took part in the funding round include Breega VC firm, SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners, Globivest, Do Good Invest, Rabacap,

Sendchamp secures $100,000 seed funding to bridge communications gap for African businesses

Sendchamp secures $100,000 seed funding to bridge communications gap for African businesses

Nigeria-based unified communications startup, SendChamp, has raised $100,000 to bridge the communications gap for African businesses. The close of this round signifies the public launch of the startup’s offering, as it exits a private beta. The angel round saw participation from local angel syndicates like DFSLAB, Hustler Capital,

South Africa’s TymeBank completes $180m capital raise from Tencent and CDC

South Africa’s TymeBank completes $180m capital raise from Tencent and CDC

South African fast-growing digital banking group, TymeBank, has successfully secured investments from Tencent and CDC to complete its $180 million Series B capital raise. The investment from Tencent and CDC is pegged at an additional $70 million. TymeBank is a South African fully black-owned and controlled investment company launched in

Ivorian fintech CinetPay raises $2.4m seed funding from Flutterwave, 4DX Ventures

Ivorian fintech CinetPay raises $2.4m seed funding from Flutterwave, 4DX Ventures

CinetPay, an Ivorian fintech company that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a $2.4 million seed fundraising round from 4DX Ventures and Flutterwave. CinetPay was launched in 2016 by Idriss Monthe and Daniel Dindji. The platform provides a single interface for businesses

Egyptian Waste Management Startup Plstka Secures Seed Funding Round

Egyptian Waste Management Startup Plstka Secures Seed Funding Round

Egypt-based cleantech startup Plstka has announced it raised an undisclosed Seed funding round from Alexandria Angels Network, in addition to a matching fund from Hivos to help it scale. Plstka was launched in 2021 by Ahmed ElNagar and Mahmoud Youssef, to offer on-demand doorstep waste collection services. Plstka’s rewarding

Africa No Filter and Meta announce a new fund to improve Virtual Reality in Africa’s storytelling

Artificial Intelligence

Africa No Filter and Meta announce a new fund to improve Virtual Reality in Africa’s storytelling

Africa No Filter, a narrative change organization, and Meta (previously Facebook) have announced a partnership to launch the “Future Africa: Telling Stories, Building Worlds” program, aimed at boosting the use of Virtual Reality in Africa’s storytelling. Open to organizations and individuals, the program seeks to support Extended Reality storytellers

Galactech and the Tunisian Esports Federation strike partnership

Galactech and the Tunisian Esports Federation strike partnership

Galactech, a Tunisian startup that provides gaming content, has announced a partnership with the Tunisian Esports Federation. This partnership will merge the Federation’s intentions to expand their national-based tournaments with Galactech’s international expertise in tournament management. This collaboration will serve as a foundation for professional and casual national

African Blockchain Lab secures $6 million to improve digital asset adoption in Africa

African Blockchain Lab secures $6 million to improve digital asset adoption in Africa

African Blockchain Lab has received a $6M Series Pre-A investment to fund the launch of its crypto wallet VIBRA, which will help increase digital asset usage in Africa. The Pre-A round was co-led by a consortium of global investors, including renowned African venture capital firms Lateral Frontiers VC, CRE Venture

U.S Based Equinix set to acquire Nigeria’s MainOne in a $320 million deal

U.S Based Equinix set to acquire Nigeria’s MainOne in a $320 million deal

US-based digital infrastructure company, Equinix, has announced its expansion into Africa through its planned acquisition of MainOne, a leading West African data center and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d’Ivoire. The acquisition is expected to close by the first quarter of 2022, subject

Mauritian P2P Fintech Startup, Fundkiss, Partners CIM Financial Services to Land New Funding

Mauritian P2P Fintech Startup, Fundkiss, Partners CIM Financial Services to Land New Funding

Mauritian P2P Fintech lending platform, Fundkiss Technologies Limited has announced it has partnered with CIM Financial Services Ltd (Cim Finance), a major Mauritian consumer and SME finance provider, by selling a minority position to the firm. This announcement is coming 2 years after Fundkiss became the first Fintech to operate

TradeDepot snaps $110 million in Series B funding led by IFC

TradeDepot snaps $110 million in Series B funding led by IFC

TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and helps out with distribution, has raised $110 million in new equity and debt funding round. Previous investor, International Finance Corporation (IFC), led the round, with participation from Novastar, Sahel Capital, CDC Group,

Softline expands in MENA by increasing its investments in the Egyptian market

Softline expands in MENA by increasing its investments in the Egyptian market

Softline, the leading company in digital transformation, cloud, and cybersecurity services, unveiled a plan to increase its business and investments in Egypt. The company recently held a series of meetings with officials in different sectors and government institutions including the Ministry of Communications and Information, The General Authority for Investments,

Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding

Nigerian insurtech startup, Octamile, secures $500k in pre-seed funding

Nigeria based insuretech startup, Octamile, has raised $500,000 in a pre-seed round led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle Daley and other local and international Angels. The startup which just emerged from stealth mode will enable non-insurance business to

Kenyan Tech Marketplace, Pariti, Secures $2.85m Seed Fund from US Investors

Kenyan Tech Marketplace, Pariti, Secures $2.85m Seed Fund from US Investors

Kenyan community-led marketplace building the digital infrastructure for an emerging market startup, Pariti, has raised $2.85m in seed funding led by United States’ Harlem Capital. Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp, and New General Market Partners also participated in the round. Pariti was founded by Yacob Berhane

Togolese Mobility Startup, Gozem, Raises $5m Series A fund from Singapore-based Investor

Togolese Mobility Startup, Gozem, Raises $5m Series A fund from Singapore-based Investor

Togolese mobility startup operating in Francophone Africa, Gozem, has announced it raised $5m in a Series A funding round. Togo and Singapore-based AIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express), and Liil Ventures (Mobility ADO) all participated in the round. Gozem was created by

Egyptian Home Services Startup, FilKhedma, Secures Funding From Cairo Angels

Egyptian Home Services Startup, FilKhedma, Secures Funding From Cairo Angels

Egyptian home services marketplace, FilKhedma, has announced it secured an undisclosed amount of funding from The Cairo Angels, a global network of angel investors dedicated to supporting startup possibilities in Egypt, the Middle East, and Africa. FilKhedma was founded by Omar Ramadan in 2014, the startup aims at connecting top

Kenyan Agritech Startup, Shamba Pride, Secures $1.1m

Kenyan Agritech Startup, Shamba Pride, Secures $1.1m

Kenya-based Agritech startup Shamba Pride has secured $1.1m to support its expansion in Kenya and roll-out of its digital solution to over 1,000 digitalised shops. The funding was led by Seedstars Africa Ventures and Gray Matters Capital. Shamba Pride which was created by Samuel Munguti offers an online

Egyptian Cloud Management Startup, beXel, Secures Funding

Egyptian Cloud Management Startup, beXel, Secures Funding

Cairo-based cloud-based inspection management software startup, beXel, has raised an undisclosed amount in an investment round led by JH Investments Ltd, with additional funding from Flat6Labs, UI Investments, and Saudi Angel Investors. beXel was founded in 2019 by Ayman Abou Regeila, Ahmed Hussein, and Mahmoud Latif. The SaaS digital cloud-based

Nigerian Crypto Startup, Payourse, Raises $600k Pre-seed

Nigerian Crypto Startup, Payourse, Raises $600k Pre-seed

Nigerian crypto startup, Payourse, has announced it raised $600k in a pre-seed funding round to help it scale its products, employ more people, and expand into other markets. Participants in the round include Micheal Ugwu, Flori Ventures, Olumide Soyombo’s Voltron Capital, Allegory Capital, CELO co-founders Marek Olszewski and Rene

South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans

South African talent marketplace OfferZen gets $5.2M to strengthen expansion plans

South African tech talent marketplace, OfferZen, has secured €4.5 million ($5.07 million) in Series A funding from Base Capital, a South African investment company. Founded in 2015 by Philip Joubert, Malan Joubert, and Brett Jones, OfferZen is a tech talent marketplace that allows software engineers and developers to

Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service

Nigerian autotech startup, Fixit45 acquires Parkit to boost its vehicle management service

Nigeria’s auto tech platform, Fixit45 has announced the acquisition of Parkit, a network of tech-enabled auto care and car wash centers. With this acquisition, Fixit45 intends to add Parkit’s solutions to its auto repair and maintenance services across the country. Launched in July 2021, Fixit45 provides fleet management,

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup, KIWE, has received funding to help it expand

Egyptian fintech startup KIWE has raised its first round of funding, led by dfin Holding with participation from EFG Hermes, Marakez for Development, and a group of angel investors. The investment will be used to drive the startup’s growth by utilizing the offerings of its investors. Founded in March

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Klickit closes seed funding round led by EFG Finance, DFin’s Camel Ventures

Egyptian fees management and digital collection platform, KlickIt, has announced the closing of their first investment round with commitments from EFG Finance and the venture capital arm of DFin Holding, Camel Ventures. The main purpose of the investment is to build and enhance KlickIt’s tech stack and to build

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Asilimia, a Kenyan-based digital infrastructure startup connecting African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in East Africa. The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egypt-based logistics and last-mile delivery startup, Bosta, has announced plans to launch its presence in South Africa and the United Arab Emirates (UAE) in 2022. This expansion is coming on the heels of a $6.7 million Series A funding round led by Silicon Badia with other participating local and