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Nigerian-led legal tech startup Definely raises £2.2m seed fund

Nigerian-led legal tech startup Definely raises £2.2m seed fund

Nigerian-led LegalTech startup, Definely has announced it raised a $3m funding round. The funding round was led by Microsoft’s venture fund, M12, and supported by CRE Venture Capital. This round brings the startup’s total funding to £3.4m following a seed round in September 2020. Definely was founded

Malawi Solar Energy Startup, Yellow, Secures $4m Debt Financing from SunFunder

Malawi Solar Energy Startup, Yellow, Secures $4m Debt Financing from SunFunder

Malawi based off-grid solar provider Yellow, has received $4m debt funding to support its growing sales of solar home systems Yellow was founded in 2017 by Michael Heyink and Maya Stewart to reach out to underserved populations, as well as to expand chances for entrepreneurs whose businesses can produce a

Ethiopia’s Viable Solutions Raises $200k Pre-seed Fund

Ethiopia’s Viable Solutions Raises $200k Pre-seed Fund

The Ethiopian firm behind the EPhone super dialer software Viable Solutions has announced it raised $200K in pre-seed capital, valuing it at $1.9 million. The round was led by Ahmed Al Alola, a Middle Eastern angel investor. Amadou Daffe, Co-Founder and CEO of Gebeya, a Pan-African talent marketplace, is

Egyptian fintech, Kashat raises $1.75 million Bridge round to expand its operations

Egyptian fintech, Kashat raises $1.75 million Bridge round to expand its operations

Egypt-based fintech and micro-loan solutions provider, Kashat has announced the close of a $1.75 million Bridge funding round to develop its platform and expand its operations. The Bridge round was led by the Pan-African fund Launch Africa, whose mandate is to back companies that tackle the most meaningful challenges

One-click checkout platform, OurPass raises $1 million pre-seed round

One-click checkout platform, OurPass raises $1 million pre-seed round

Nigerian digital commerce startup, OurPass has closed a $1 million pre-seed round to scale their one-click checkout platform across the country. The round was led by Tekedia Capital and angel investors from Fortune 500 companies. This round will enable OurPass to hire more talent and further develop its technology. Founded

Nigerian gaming company signs mega deal with Dutch LambWeston

Nigerian gaming company signs mega deal with Dutch LambWeston

Nigerian fantasy sports company Fantastic.ng, has sealed a multimillion naira promotional partnership deal with Dutch conglomerate LambWeston, owners of the Poundo Potato brand in Nigeria. Fantastic.ng was launched in late 2019, as a free-to-play mobile platform offering games such as predict and win, fantasy football and sports trivia.

Pan-African VC Firm, Ambo Ventures, Launches $50m Fund for Africa Startups

Pan-African VC Firm, Ambo Ventures, Launches $50m Fund for Africa Startups

Ambo Ventures, a pan-African Venture Capital firm that is focused on the content’s green economy has announced it raised $50m fund to invest in seed stage, Series A and select Series B rounds of African green economy startups. Ambo Ventures was founded in 2021 by the duo of Jude

Plentywaka rebrands as Treepz to further pan-African Expansion

Plentywaka rebrands as Treepz to further pan-African Expansion

Toronto-headquartered Nigerian mobility startup Plentywaka, has today announced that it has changed its name to Treepz as it bids to make significant shift in its business in the African region. The name change is an opportunity to align the company name with its Pan-African expansion plan, and also represents the

Kenyan and Nigerian Agritech startups named winners of $1.5m AYuTe Africa Challenge

Kenyan and Nigerian Agritech startups named winners of $1.5m AYuTe Africa Challenge

Kenya’s Hello Tractor and Nigeria’s ColdHubs have been named winners of the inaugural AYuTe Africa Challenge. Their success in the challenge means they will receive a combined $1.5m in grant funding to help fund rapid expansion plans. The AYuTe Africa Challenge was initiated by AGRF and Heifer

M-PESA Becomes Africa’s Largest FinTech with 50-Million Active Users

M-PESA Becomes Africa’s Largest FinTech with 50-Million Active Users

Kenyan mobile money platform, M-Pesa has announced a milestone of 50 million active users across Africa. Making it the most popular mobile money platform in the continent, and Africa’s largest fintech company. This was revealed by the M-Pesa Africa managing director Sitoyo Lopokoiyit. In a statement to mark the

Egyptian super app, MNT-Halan closes $120 million financing from global investors

Egyptian super app, MNT-Halan closes $120 million financing from global investors

Egyptian fintech super app, MNT-Halan has closed a $120 million funding round from major global and regional growth investors to enhance its product and expand internationally. The investment – which is the largest single round ever secured by an Egyptian tech startup, was led by Apis Growth Fund II, Development Partners

Ride-hailing Startup DiDi Begins African Exploration with Egypt and South Africa

Ride-hailing Startup DiDi Begins African Exploration with Egypt and South Africa

Ride-hailing platform, Didi, has began operations in South African and Egypt. The mobility startup began operations in South Africa on August 23 and launched in Egypt on 29 August. In South Africa, Didi operates in three Gauteng cities: Johannesburg, Ekurhuleni, and Pretoria. Didi’s African expansion follows a crackdown in

Kenyan fintech startup, Pezesha secures 7-figure seed extension financing for its African expansion

Kenyan fintech startup, Pezesha secures 7-figure seed extension financing for its African expansion

Pezesha, a Kenyan fintech startup that is currently building a scalable lending infrastructure for SMEs and institutions, has announced the raise of a seven-figure seed extension round to expand its services across Africa. Pezesha is currently operating in three African countries – Kenya, Ghana and Nigeria, with intentions to launch its

Endeavor Nigeria selects 4 startups for its ScaleUp Programme

Endeavor Nigeria selects 4 startups for its ScaleUp Programme

In a bid to support high-impact business leaders with access to fundraising support, mentorship, partnership, and strong peer network, Endeavor Nigeria has selected 4 startups to participate in the inaugural cohort of the 10-week Endeavor ScaleUp Programme. The selected startups are; * Releaf: which develops proprietary hardware and software solutions to

Nigerian Fintech Startup Prospa closes $3.8M Pre-seed Funding

Nigerian Fintech Startup Prospa closes $3.8M Pre-seed Funding

Nigerian Fintech startup Prospa has announced it raised $3.8m in a pre-seed funding round.Liquid 2 Ventures and Global Founders Capital led the round. Other participants were both global fintech founders like Ramp’s Karim Atiyeh, Mercury’s Immad Akhund, and executives from Facebook, Teachable, Nubank, and Square. Prospa

Wave closes largest Series A round for an African fintech with $200 million at a valuation of $1.7 billion

Wave closes largest Series A round for an African fintech with $200 million at a valuation of $1.7 billion

U.S. and Senegal-based mobile money provider, Wave has announced the raise of a $200 million Series A financing. This landmark investment shot the valuation of the independent mobile money provider to $1.7 billion. The round which is the largest ever Series A round in Africa was led by

Last-mile Delivery Startup FlexDELIVERY launches in Nigeria

Last-mile Delivery Startup FlexDELIVERY launches in Nigeria

P&O Maritime Logistics and IO Materials Services (IOMS) have announced the launch of local offshore delivery startup ‘FlexDELIVERY’ in Nigeria. FlexDELIVERY has been launched to provide integrated last-mile delivery services to the offshore energy industry in Nigeria. According to the founders, FlexDELIVERY will reduce the traditionally high cost

African Early-stage Startups Invited to Apply for FTxSDG’s $500k Challenge

African Early-stage Startups Invited to Apply for FTxSDG’s $500k Challenge

The Financial Times in partnership with Swiss-based venture firm Seedstars has invited African startups to apply for the first FTxSDG Challenge. The FTxSDG Challenge aims to empower promising, impact-driven startups and entrepreneurs with learning and funding opportunities. The challenge will focus on bringing early-stage startups from emerging markets and individual

Ugandan e-logistics Startup Ridelink raises $150k pre-seed funding round

Ugandan e-logistics Startup Ridelink raises $150k pre-seed funding round

Ugandan e-logistics startup Ridelink has announced it raised $150k in pre-seed funding round to help it scale operations. The round was led by Omidyar Network, the African Leadership Academy’s Young Entrepreneurs Fund, and Ortus Africa Capital. Ridelink was launched in 2017. The platform helps in the smooth running of

Nigeria’s Autochek acquires Cheki Kenya and Uganda from ROAM Africa

Nigeria’s Autochek acquires Cheki Kenya and Uganda from ROAM Africa

Nigerian automotive tech startup Autochek has announced the acquisition of Cheki Kenya and Uganda from Ringier One Africa Media (ROAM) for an undisclosed amount. The acquisition will enable Autochek’s expansion into East Africa Note that Autocheck had also acquired both Nigeria and Ghana businesses from Cheki in 2020. Cheki

Rwandan Startups Can Benefit from the ASF credit Facility

Rwandan Startups Can Benefit from the ASF credit Facility

The Private Sector Federation has partnered with the African Solidarity Fund to enable Rwandan startups to access loans through ASF-supported credit facilities for investment projects. The African Solidarity Fund is a multilateral and financial guarantee agency that was founded during the 1976 France-Africa summit in Bangui, Central Africa. The organization

Egyptian Beauty Startup Glamera launches B2B Platform

Egyptian Beauty Startup Glamera launches B2B Platform

Egyptian beauty service booking platform Glamera has announced the launch of its B2B platform to helps customers with beauty salon management. Glamera was launched in 2019 to ease access to beautification services. Through the platform, users can book appointments with hundreds of contracted providers covering all beauty sections, including salons,

Nigerian Agritech Startup Agricorp raises $17.5m Series A funding round

Nigerian Agritech Startup Agricorp raises $17.5m Series A funding round

Nigerian Agritech startup Agricorp, has announced it raised $17.5m in a Series A funding round to help it increase its production capacity to 7,000 metric tonnes. The round was led by Nigeria-based Vami with $11.5m in equity, while One Capital LLC and AFEX also supported the round.

African Solar Energy Startups Can Benefit from Energy Access Relief Fund’s $68m Funding

African Solar Energy Startups Can Benefit from Energy Access Relief Fund’s $68m Funding

Social Investment Managers and Advisors’ (SIMA) Energy Access Relief Fund (EARF), that recently raised $68m in capital has revealed it will provide finance to almost 90 energy-related businesses in Sub-Saharan Africa and Asia in the form of short-term loans. The EARF was launched this year by a coalition of development

MyFawry comes 1st in Forbes' Top Fintech Apps in the Middle East ranking

MyFawry comes 1st in Forbes' Top Fintech Apps in the Middle East ranking

Leading e-payment platform, MyFawry has been awarded as the top fintech app in the Middle East by Forbes Middle East. The report by Forbes also highlighted other leading mobile apps that would help customers make payments, transfer, borrow money as well as invest online. MyFawry already possesses these features and