54gene, a health technology company with operations in Nigeria and US, has secured $25 million in a Series B funding round by pan African venture capital firm Cathay AfricInvest Innovation Fund. Other participants in the round include Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others. This

Releaf, a Nigerian agritech startup that develops proprietary hardware and software solutions for African farmers and food factories has secured $4.2 million in seed funding. The total sum comes from a $2.7 million seed funding round and $1.5 million in grants. The funding round was led by

Egypt-based B2B e-commerce startup Capiter has raised a $33 Million Series A funding round to power its rapid expansion into digital financial services and additional markets. The investment was co-led by fintech-focused venture firm, Quona Capital and MSA Capital, an independent and interdisciplinary investment company. Other participating investors include Savola,

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

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

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 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

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

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