Senegalese mobility startup Kai Senegal has announced it raised an undisclosed amount in a seed funding round. The round was led by Mobility 54, the corporate venture capital arm of Toyota Tsusho Corporation, to help it scale. Kai Senegal was founded in 2018, with the aim of connecting customers to

Moroccan B2B e-commerce startup Chari.ma, has announced it closed a round of funding and the acquisition of mobile credit book application Karny.ma. The funding was secured from Plug and Play to scale its services, having also secured capital from the Orange Ventures seed challenge in 2020 Charo.ma

Rwanda-based health-tech startup using an innovative data-driven procurement platform to offer high-quality medical supplies and equipment throughout Central and East Africa, Viebeg Technologies, has announced it raised an undisclosed amount in a pre-seed funding round. The pre-seed funding round was led by Beyond Capital Ventures. Eckenstein Geigy Stiftung and Eva

African Fintech startup, PawaPay, has announced it secured $9m in a seed funding round. The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures, and Nigerian-Ghanaian music star, Tosin Ajibade, otherwise known as Mr. Eazi’S Zagadat Capital. Pawapay was founded in

UK’s developer and investor in African electrical networks, Gridworks, and Fresh GX, a South African investment business, have announced an investment of $40 million in South Africa’s energy startup Sustainable Power Solutions (SPS). SPS was founded in 2010 by Axel Scholle, the startup partners with commercial and industrial

Egyptian e-Commerce startup MaxAB has announced it acquired Moroccan B2B startup WaystoCap as it plots expansion into the Maghreb region. This announcement came after the startup secured an additional $15m to the $40m Series A round it secured last month. MaxAB was launched by Belal El-Megharbel and Mohamed Ben Halim,

The government of DR Congo has announced a partnership with Schoolap to digitize the country’s entire education system. Schoolap was founded in 2017 by Pascal Kanik and Guy Jose Leta with the aim of digitization of education in the DRC. The platform has been able to provide students in

Kenyan e-Commerce startup MarketForce has announced it raised an additional $100k in funding from the Harambeans Prosperity Fund to the $2m pre-Series A round it announced last month. MarketForce is an end-to-end retail distribution platform founded in 2018 by the duo of Tesh Mbaabu and Mesongo Sibuti, Chief Executive Officer

The Arab Bank has announced the launch of its fintech-focused corporate accelerator program “AB Accelerator” in Egypt. The expansion into Egypt by the Arab Bank is coming 3years after it successfully launched the AB Accelerator in Jordan in 2018. The program aims to help startups scale their market-ready fintech firms

Ibadan-based B2B e-Commerce startup Alerzo has announced it raised $10.5m in a Series A funding round to expand into northern Nigeria. The round was led by New York-based Nosara Capital. FJ Labs and several other investors across the U.S, Europe, and Asia also participated in the round. This

Renowned global financial operator JP Morgan has announced a partnership with the Department of Trade, Industry and Competition of South Africa (DTIC), to invest a $20m fund to help small enterprises scale. The partnership will make JP Morgan the first multinational investment bank in South Africa to implement an Equity

South African celebrity engagement startup myFanPark has announced it secured an undisclosed amount of investment from new local VC firm Seed South to help it further expand. myFanPark was launched in 2019 to enable users to request a personalized shout-out video from their favorite celebrity, such as birthday or celebration

Nairobi-based provider of telematics insurance system for insurance companies AiCare, has announced it secured funding from Nairobi Business Angels Network (NaiBAN). AiCare is an Insurtech startup launched in 2020 by co-founder and CEO Arthur Mulwa, AiCare focuses on providing telematics insurance products to Insurance companies. The startup leverages its in-house

Kenya based customer loyalty startup CashBackApp has announced it raised $475k in a pre-seed funding round. Investors in the round include Lofty Inc, Sherpa Ventures and Loyal VC, and several angel investors based in the US, UK, Nigeria and Kenya. CashBackApp was launched in 2018, to help consumer goods companies