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

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

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

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

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

Egypt-based Grocery Delivery Startup Appetito has raised $2m in pre-Series A round, led by Jedar Capital. Golden Palm investments, DFS Lab, and a cluster of regional angel investors and family offices also participated in the round. Appetito was launched in March 2020 by Shehab Mokhtar to store products for businesses

Y Combinator-backed Nigerian Fintech startup Lemonade Finance has raised a $725k pre-seed funding round to help it scale. The pre-seed round was spearheaded by Y Combinator. Other investors in the round are Microtraction, Ventures Platform, and Acuity Venture Partners. Several individual investors also took part. Lemonade Finance was cofounded by

South African API fintech startup Stitch has announced expansion into Nigeria, as well as a $2M seed extension bringing their total seed funding to $6M. Participating investors in the round include founders of Monzo, GoCardless, ComplyAdvantage, and President of Coinbase, who join existing backers Raba, firstminute capital, CRE, Village Global,

Cairo-based e-Commerce fulfillment startup ShipBlu has announced it raised $2.4m in venture funding. The funding was led by Nama Ventures, a MENA-focused venture capital firm. The likes of 1984 Ventures, Orange Ventures, Orange Telecom’s venture capital arm, Starling Ventures, and other VC firms and angel investors also participated

Egypt-based B2B marketplace, Kuzlo, has announced it raised an undisclosed amount of pre-Seed investment. The funding round was led by Nama Ventures, and Kuzlo seeks to push its products and services with this new funding. Kuzlo was established in 2021 by Ayman, Tarek, Bassem, and Gebril. Kuzlo’s business-to-business (B2B)

Zambian Fintech startup, Union54, has received further investment from Tiger Global, a leading venture capital firm. The $3 million seed round, which was led by Tiger Global, while Ace & Company, Vibe VC, Todd & Rahul Angel Fund, and Runa Capital, a San Francisco-based venture capital firm all participated in

Nigeria’s food-only delivery platform, Jise, has announced that it has successfully raised One hundred thousand dollars as angel funds from Europe and Africa. Jise was launched in wake of the Covid-19 pandemic in 2020 when food and groceries demand saw a spike globally. Jise has since leveraged the opportunity

Nigerian Fintech startup delivering easy access to affordable premium banking services for small and medium-sized businesses Brass, has secured $1.7m in funding to accelerate its expansion into South Africa and Kenya. The funding was secured from Olugbenga ‘GB’ Agboola, co-founder of Flutterwave; Ezra Olubi, co-founder of Paystack; Hustle Fund;

Ibadan-based B2B e-Commerce startup Alerzo has announced the acquisition of Fintech company Shago Payments to provide new digital services to its 150,000-plus informal retailers. Alerzo was founded in 2018 by Adewale Opaleye as a delivery platform that enables direct delivery of goods from manufacturers down to retailers until 2019

Kenya-based Fintech startup Asante has announced a $7.5m Series A investment to help its credit offerings to a host of African countries. The funding round was led by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings. Asante was launched in 2020 by Chidi

Cairo-based FMCG Logistics company ILLA has secured a $2M investment round to expand and boost its growth in the market and diversify its offering to the FMCG value chain. The round was co-led by Watheeq Financial Services and Golden Palm Investments. Loftyinc Capital Management, Kepple Africa Fund, Cubit Ventures, AUC