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Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round

Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round

Egyptian Fintech startup, Hollydesk, has announced it raised $325k in pre-seed funding round to further expand its services and solutions in new markets in the region. The round was led by angel investor Faisal Abdel Salam and other investors. Hollydesk is a Cairo-based Fintech startup launched in 2020 to manage

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Ingressive Capital

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Nigerian startup Mecho Autotech has secured an undisclosed amount of funding from VC firm Ingressive Capital, Ventures Platform, Tekedia Capital Investment, and Mono’s CEO Abdul Hassan. The startup intends to use this new funding to improve the quality and reliability of its auto care services in Nigeria. Launched in

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Treepz, a Nigerian shared mobility startup has announced the close of its seed round at $2.8 million after about 3 months. The startup also announced its expansion to Uganda with the acquisition of Ugandan bus company, Ugabus. According to Treepz, Ugabus, which will be rebranded by Treepz Uganda on

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

VoxCroft Analytics, a South African open-source intelligence startup, has secured a $2 million investment from Knife Capital. This investment will help accelerate its already rapid expansion in the United States and other foreign markets. VoxCroft has offices in South Africa and the United States, and a global network of more

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

South African fintech startup, Paycode, has secured an undisclosed investment from one of Nigeria’s leading financial services providers, Investment One Financial Services Limited (Investment One). This deal was made through its Venture Capital subsidiary, Investment One Vencap Limited. In a statement, Paycode said this latest investment will be used

Egyptian Edtech startup Educatly raises $1m pre-seed round

Egyptian Edtech startup Educatly raises $1m pre-seed round

Egyptian Edtech startup Educatly has closed a $1m pre-seed funding round to help it build on strong early growth by further developing its product and scaling up marketing efforts. Enterprise Ireland, Falak Startups, and other angel investors all participated in the round. Educatly was founded by Mohamed ElSonbaty, Abdelrahman Ayman,

2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation

2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation

Rwandan tech startups PesaChoice and Viebeg have raised undisclosed amounts of seed funds from the Kigali-based Norrsken Foundation. The Norrsken Foundation was founded by Niklas Adalberth in 2016; the firm aims at helping founders solve the world’s greatest challenges. The firm is now less than one month away from

Togolese Mobility Startup, Gozem, Expands To Cameroon

Togolese Mobility Startup, Gozem, Expands To Cameroon

Africa-focused ride-hailing, logistics, and food delivery startup, Gozem, has announced it will be expanding to Cameroon. Gozem was created by Emeka Ajene in 2018. The startup offers users a suite of services, including motorcycle-taxi transport to car-taxi transport, e-commerce to delivery & logistics services, to various financial services. Gozem which

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow has announced the close of a $48 million Series B funding round to enhance its product offering and expand into new markets. Ozow’s $48 million Series B round is led by the Chinese internet giant, Tencent, and also includes Endeavor Catalyst and Endeavor Harvest

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South-African medical and security response platform, AURA, has raised $4.7m in a Series A funding round to scale its operations globally. The round was led by MultiChoice Group (MCG) with participation from KLT Holdings and Buffet Investments. Founded in 2016 by Warren Myers, Ryan Green and Adam Pantanowitz, AURA

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers, a Nigerian tech-enabled shared mobility startup has raised $1.6 million in seed funding to scale its operations across cities in Africa. The investment round was led by Chicago and Africa-focused investment firm VestedWorld. Other investors that participated were Payment giant Interswitch, Rising Tide Africa, CcHub Syndicate, Launch Africa,

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Zembo, a French startup with operations in Uganda, has raised $3.4 million to help grow its electric motorcycle business in Kampala, Uganda. Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa all participated in the investment deal.

Egypt’s Edtech Startup, Career 180 Secures $200k from EdVentures

Egypt’s Edtech Startup, Career 180 Secures $200k from EdVentures

Egyptian Edtech startup, Career 180, has announced it secured a $200k investment from EdVentures to provide Egyptian youths with employment and qualifying services across all job types. Career 180, founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin, helps children enhance their abilities to match the labor market through

Nigerian health-tech startup, DrugStoc raises $4.4m Series A to expand its operations

Nigerian health-tech startup, DrugStoc raises $4.4m Series A to expand its operations

Nigerian drug distribution startup, DrugStoc has announced the raise of a $4.4m Series A funding to expand across Nigeria. The Series A round was led by Africa HealthCare Master Fund (AAIC) with participation from Vested World, a repeat investor, and the German Development Bank (DEG). Other private individuals also

Nigerian Fintech, Aboki Africa raises Pre-seed capital

Nigerian Fintech, Aboki Africa raises Pre-seed capital

Nigerian money transfer startup, Aboki Africa, which aims to simplify the currency exchange process, has announced it closed its pre-seed funding round to help it expand its team and scale its product. The investment was led by Mono CEO Abdul Hassan, with capital also coming from Niche Capital Limited, Ingressive

Ghana-based Telemedicine Startup, Africa Health Holdings, Raises $18m Series A

Ghana-based Telemedicine Startup, Africa Health Holdings, Raises $18m Series A

Ghana-based Healthtech startup Africa Health Holdings, with multiple hospitals and telemedicine services, has raised $18m in a Series A round. The round was led by Asia Pacific Land/Natural World Limited. While TRB Advisors, Breyer Capital, M3, Inc., Valiant Capital, Kepple Ventures, and SUNU Capital all participated in the investment

Nigeria-based Helium Health acquires Qatar’s Meddy

Nigeria-based Helium Health acquires Qatar’s Meddy

Nigeria-based Healthtech startup Helium Health has announced the acquisition of Meddy, a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. Helium Health was founded in 2016 by Adegoke Olubusi, Dimeji Sofowora, Nicholas Moore, Tito Ovia the startup is an EHR company specializing in developing hospital software to manage

SA insurance API startup Root secures $3m seed funding to expand its infrastructure

SA insurance API startup Root secures $3m seed funding to expand its infrastructure

Root, a Cape Town-based low-code insurance platform start-up, has closed a $3 million seed funding round to help expand its infrastructure build to support the digital insurance economy. Primary backers Invenfin, Base Capital, Savannah Fund, P1 Ventures, FireID, and Luno were joined by a select group of high-impact angel investors

Egyptian edtech startup, Educatly raises $1 million pre-Seed round

Egyptian edtech startup, Educatly raises $1 million pre-Seed round

Educatly, an Egyptian EdTech platform that allows students to search, compare and apply to over+ 120,000 live and ongoing higher education opportunities worldwide, has secured $1 million in a pre-seed funding round. Enterprise Ireland, Falak Startups, and other Angel Investors participated in the investment round. Educatly is on a

Moroccan B2B e-commerce startup Sle3ti raises $1.3 million Seed round

Moroccan B2B e-commerce startup Sle3ti raises $1.3 million Seed round

Casablanca-based B2B marketplace, Sle3ti, has raised $1.3m from the investment fund of the Richbond Group. Sle3ti was launched in 2020 by Ayoub Harij, the startup allows retailers to order directly from suppliers and distributors of consumer goods (FMCG). Sle3ti aims to digitize the traditional retail sector, allowing small retailers

Egypt grocery delivery startup, RabbitMart secures $11M record pre-seed funding for its expansion

Egypt grocery delivery startup, RabbitMart secures $11M record pre-seed funding for its expansion

RabbitMart, a Cairo-based e-grocery startup, has secured $11 million in pre-seed funding, signaling the largest ever pre-seed round in the Middle East and Sub-Saharan Africa region. Investors in the round include Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital, amongst other international investors. “We have been

MFS Africa raises $100m to expand its digital payments network

MFS Africa raises $100m to expand its digital payments network

Africa’s largest digital payments network, MFS Africa, has raised $100 million in a Series C equity and debt financing round. The round was co-led by a new investor, AfricInvest FIVE alongside existing investors Goodwell Investments and LUN Partner Group. CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest also

Nigerian owned Oja bags $3.4M to build an online cultural supermarket for Londoners

Nigerian owned Oja bags $3.4M to build an online cultural supermarket for Londoners

Oja, a Nigerian owned, London based eCommerce startup has announced the raise of a $3.4M pre-seed round to build an online supermarket that targets the UK’s growing cultural communities. The round was led by LocalGlobal, with participation from Acequia Capital; Tiny VC and HoaQ Fund. Private investors such

Flutterwave makes a play for the creator economy by acquiring Disha, a content creator platform

Flutterwave makes a play for the creator economy by acquiring Disha, a content creator platform

African digital payment platform, Flutterwave, has announced its acquisition of Disha, a content creator platform for an undisclosed amount. The acquisition represents Flutterwave’s first public acquisition since it was launched in 2016 to tackle Africa’s payments problems. Sources privy to the deal hints that the purchase price is

Grindstone Ventures launches a $6.5m female-led capital fund to support innovative tech startups

Grindstone Ventures launches a $6.5m female-led capital fund to support innovative tech startups

Grindstone Ventures has announced the launch of a $6.5m (R100 million) female-led African venture capital fund dedicated to supporting South African technology startups who have completed or are part, of its Grindstone Accelerator programme. The female-led African venture capital fund will be focused on post-seed investments, where there is