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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

Rwandan Health-tech Startup, VIEBEG Technologies, Raises $1m Funding Round

Rwandan Health-tech Startup, VIEBEG Technologies, Raises $1m Funding Round

Rwandan health-tech startup VIEBEG Technologies has secured $1m in funding from the Rwanda Innovation Fund (RIF), managed by Angaza Capital. VIEBEG is a health tech startup founded in 2018 by Tobias Reiter (Chief Executive Officer) and Alex Musyoka (Chief Commercial Officer). The startup provides high-quality medical supplies and equipment through

Egyptian Furniture Marketplace, Efreshli, raises $550k seed round

Egyptian Furniture Marketplace, Efreshli, raises $550k seed round

Egypt-based furniture e-commerce startup Efreshli has announced it raised $550k in a seed funding round to help it build on strong early growth. Angel investor Tarek Sakr led the round and property developer Marakez and other investors also participated in the round. Founded in early 2019 by Heba El-Gabaly, Efreshli

South African Adtech startup Adbot raises $500k funding round

South African Adtech startup Adbot raises $500k funding round

South African online advertising solution startup, Adbot, has announced it secured $500k capital funding from Enygma Ventures to help it expand its user base. Adbot was launched in 2019 to support the growth of SMEs by empowering small business owners with simple and supportive tools to access new markets. Adbot

Edtech OTO Secures $400k investment from EdVentures

Edtech OTO Secures $400k investment from EdVentures

Egyptian Edtech startup OTO has announced it secured $400k from Egypt and the Arab world; EdVentures. OTO was founded in 2015 by Ahmed Badr and Tarek Nour, to bridge the gap between traditional education and what the market needs. The platform has been able to provide distant educational services through

South African JUMO closes $120 M funding round led by Fidelity

South African JUMO closes $120 M funding round led by Fidelity

JUMO, a South African and UK-based technology company, building next-generation financial services for emerging market entrepreneurs, has announced on Monday that it secured $120 million from new and existing investors. The investment was led by Fidelity Management & Research Company, LLC, marking its first investment in an emerging markets fintech

Nigeria’s Wicrypt closes $1.5m funding to scale

Nigeria’s Wicrypt closes $1.5m funding to scale

Nigerian Blockchain-based Wi-Fi sharing startup Wicrypt has announced closing a strategic $1.5m funding. The round, led by AU21 Capital, is expected to help the Enugu-based enterprise expand into new countries. Polygon founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Onega Ventures, N7

Nigeria’s Logistics Startup Errand360 raises pre-seed funding

Nigeria’s Logistics Startup Errand360 raises pre-seed funding

Nigerian bicycle community delivery startup Errand360, has raised an undisclosed amount of pre-seed funding to expand across Africa. The round was led by Prof Ndubuisi Ekekwe of Tekedia Capital. Errand360 launched by Adele Adetola earlier this year has used its fleet of bicycles to serve users with a variety of

Egyptian grocery delivery startup, Breadfast secures $26m Series A round for regional expansion

Egyptian grocery delivery startup, Breadfast secures $26m Series A round for regional expansion

Egypt-based grocery delivery startup, Breadfast has closed a $26 million Series A funding round co-led by Vostok New Ventures and Endure Capital. Other investors who participated in the round include Tinder’s co-founder Justin Mateen JAM Fund, YC Continuity Fund, Shorooq Partners, 4DX Ventures, and Flexport. It brings Breadfast’s

Estonian Edtech Startup Mentornaut secures €200k and expands to Kenya

Estonian Edtech Startup Mentornaut secures €200k and expands to Kenya

Estonian Edtech startup, Mentornaut, has announced it secured a $230k investment round led by the Estonian Business Angels Network EstBAN. The startup also announced it will be launching its service in Kenya to increase inclusion in personalized education. Mentornaut counts Super angel, Martin Villig, IT-visionary Linnar Viik, and Clanbeat co-founder

Egyptian E-Commerce Startup Capiter Expands to Dubai

Egyptian E-Commerce Startup Capiter Expands to Dubai

Cairo-based B2B e-commerce startup Capiter has announced the opening of its new office in Dubai, UAE. Capiter was launched in July 2020 by serial entrepreneurs Mahmoud Nouh (co-founder of mobility startup Swvl) and Ahmed Nouh. The startup is a B2B marketplace that brings together manufacturers, brands, FMCGs, wholesalers, and retailers

Nigeria’s E-Settlement (E-SL) acquires Cote d’ Ivoire’s QuickCash

Nigeria’s E-Settlement (E-SL) acquires Cote d’ Ivoire’s QuickCash

Nigerian Fintech startup E-Settlement has acquired the Ivory Coast-based QuickCash to help its West African expansion. E-Settlement was established in 2017 by Olaoluwa Awojoodu to provide financial services to different target markets through its platforms, placing itself at the forefront of innovative, easy-to-use, affordable, secure, and inclusive payment solutions for

Nigerian Edtech Startup, Semicolon Africa, closes $1.2 Million seed round

Nigerian Edtech Startup, Semicolon Africa, closes $1.2 Million seed round

Semicolon Africa, a Lagos-based EdTech startup, has closed a $1.2M Seed round of funding to increase its training, talent management, and project delivery capacity. The oversubscribed seed round saw participation from angels and VCs like Launch Africa Ventures and Consonance Investment Managers. Founded in 2019 by Sam Immanuel, a

Egyptian Fintech Startup, Sympl, Secures Funding from A15

Egyptian Fintech Startup, Sympl, Secures Funding from A15

Cairo-based leading venture capital firm supporting entrepreneurs in the Mena region, A15, has announced it is the first investor in one of Egypt’s latest startups to successfully launch, Sympl – an Egyptian Fintech startup. Sympl was co-founded by Mohamed El-Feky (CEO), Yasmine Mohmed Henna (CCO), and Karim Tawfik (CTO) in

Angaza Capital Launches Funding Program for Rwandan Startups

Angaza Capital Launches Funding Program for Rwandan Startups

The Rwanda Innovation Fund has announced that Rwandan startups can apply for its accelerator aimed at supporting disruptive and innovative startups providing sustainability solutions in the region. The program is being organized by Rwanda and Angaza Capital, an investment group with offices in Abu Dhabi and Tel Aviv, who collaborated