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Egyptian Fintech Startup Fawry Expands Heya Fawry, Its Network Of Women Agents

Egyptian Fintech Startup Fawry Expands Heya Fawry, Its Network Of Women Agents

Egyptian fintech startup Fawry, has just announced the expansion of its ‘Heya Fawry’ initiative to increase poor and disadvantaged women’s access to life-enhancing digital financial services and greater economic opportunities. This development is in line with its mission to empower Egyptian women. The Heya Fawry platform will give women

Nigeria's Central Bank freezes the bank accounts of six fintech startups

Nigeria's Central Bank freezes the bank accounts of six fintech startups

A federal high court in Abuja, Nigeria, has on Tuesday granted the request of the Central Bank of Nigeria (CBN) to freeze the account of six fintech companies. The Fintech startups affected by the ex parte motion include Rise Vest Technologies, Bamboo Systems Technology Limited, Bamboo System Technologies Limited OPNS,

African fintech, Pngme raises $15M to develop its financial data infrastructure platform

African fintech, Pngme raises $15M to develop its financial data infrastructure platform

Pngme, a San Francisco and Africa based fintech infrastructure and machine learning-as-a-service platform has closed a $15 million Series A funding round. The round was led by Octopus Ventures with participation from Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, and a group of individual

P2P betting startup, Wayja goes live in South Africa

P2P betting startup, Wayja goes live in South Africa

Wayja, a South Africa based peer-to-peer (P2P) betting platform that allows users to connect with friends and place informal bets on anything from anywhere, has gone live. With the launch, the startup is already looking to raise seed funding and fast-track international growth. Founded in early 2020 by Reece Jacobsen

Ethiopia ’s FDRE and MasterCard Partners to setup Yegara to Connect Startups with Investors

Ethiopia ’s FDRE and MasterCard Partners to setup Yegara to Connect Startups with Investors

Ethiopia ’s FDRE Jobs Creation Commission, has announced a partnership with Mastercard Foundation Piazza Communication, for the creation of the Yegara platform that connects companies with investors. Through the Mastercard Foundation-funded project, angel investors will be brought together to assist innovative young entrepreneurs. The aim of the Yegara website is

Nigeria based gifting platform, Showlove raises $300k pre-seed funding from Fedha Capital

Nigeria based gifting platform, Showlove raises $300k pre-seed funding from Fedha Capital

Showlove, a Nigeria-based social platform for gifting has announced the close of a $300,000 pre-seed round from Fedha Capital, and other angel investors. Launched in December 2020 by Chikodi Ukaiwe, Joshua Biyere, and Seye Bandele, the company is simplifying the process of requesting, giving, and receiving gifts and cash

Facebook to add four new branches to its 2Africa undersea cable network

Facebook to add four new branches to its 2Africa undersea cable network

Social media giant, Facebook has announced that it will expand the 2Africa, giant subsea cable it is building to four more branches in Africa. According to a statement released on Monday, the new branches will extend to the Indian Ocean island nations of Seychelles and Comoros along with Angola and

Egyptian Student Transport Startup Schoolz Raises Six-figure Pre-Seed Funding

Egyptian Student Transport Startup Schoolz Raises Six-figure Pre-Seed Funding

Egyptian mobility startup specializing in participative transportation for school pupils Schoolz app has announced it received six-figure pre-Seed funding from Saudi Arabian and Egyptian investors. Schoolz is a mobility startup founded in 2020 by the trio of Hosni Ahmed, Abdel Monsef Ismail, and Ayman Hamza. The platform uses current technology,

Acumen Software, a South African workforce and asset management startup secures funding

Acumen Software, a South African workforce and asset management startup secures funding

Acumen Software, a South Africa-based workforce and asset management startup has secured an undisclosed amount of funding to scale its My Smart City platform. Acumen Software is the company behind My Smart City, a platform for city residents to report service delivery issues, track reported matters, and mobilize fellow community

What Chaka’s partnership with TradingView mean for Africans

What Chaka’s partnership with TradingView mean for Africans

A startup of many firsts… Some weeks ago, Chaka became the first fintech startup in Nigeria to be licensed by the Nigerian Security and Exchange Commission (SEC). This license gave the company the legitimacy to continue its digital investment operations for Nigerian companies, retail investors, and institutional investors. After securing

Nigerian Fashion Brand Rooomxix Receive $1.5m Funding from Patricia

Nigeria-based urban streetwear fashion brand Rooomxix has announced it received a $1.5m investment from Nigerian Fintech startup Patricia to facilitate its nationwide expansion. Rooomxix is a retail streetwear fashion brand launched in July 2018. The brand is focused on revolutionizing street fashion in Africa. The brand is committed to

MTN Group closes in on tower deal amid wider breakup

MTN Group closes in on tower deal amid wider breakup

All plans are in place for the MTN Group to complete the sale and lease-back of the South African towers by the end of September. A separation of the FinTech and optical fiber units is also being developed as the wireless service provider works to pay off its debt. According

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian pan-African eCommerce startup Plendify has launched a B2B e-commerce platform to connects small and large African wholesalers, manufacturers, exporters, and importers with customers. Plendify was established in 2018 by Beau Sackey to help small and medium businesses in Africa execute commercial transactions. The startup operates an e-commerce B2B Marketplace

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti, West Africa’s pioneer solar-based internet and voice service provider has launched new connectivity offering to enable more Africans to take advantage of digital offerings in a new world defined by the Covid-19 pandemic. The new products encompass the company’s commitment to widening the broadband envelope in Nigeria

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian mobility startup Swvl has announced it has joined in the global business frenzy as it agrees to a partnership with leading Blockchain technology company Concordium to enable blockchain payment for its customers. Swvl which announced it was going public in July and currently operating in Saudi Arabia is a

JumiaPay partners with Egypt’s National Bank to provide business payment services

JumiaPay partners with Egypt’s National Bank to provide business payment services

Pan-African eCommerce platform Jumia has partnered with Egypt’s largest state-owned bank, the National Bank of Egypt (NBE), as it aims to provide financial services through its payment channel and business line, JumiaPay. JumiaPay was launched in September 2017 by the Jumia eCommerce platform. The platform was created as a

Nigeria to lift Twitter Ban in a few days – Information Minister

Nigeria to lift Twitter Ban in a few days – Information Minister

The federal government of Nigeria has on Wednesday said the ban on Twitter will soon be lifted. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in a media briefing with State House correspondents at the end of the virtual Federal Executive Council, FEC, meeting presided over by

Access Bank and Udacity partner to Advance Tech Skills among Africans

Access Bank and Udacity partner to Advance Tech Skills among Africans

Access Bank and Udacity have announced they are partnering to award 1,000 scholarships in 2021 to African students looking to enhance their future career or skill set in today’s most sought-after, in demand tech skills. Udacity speaking said they were proud to provide hands-on learning opportunities in fields

VC Firm Uncap, Invites African Early Stage Startups to Apply for Funding

VC Firm Uncap, Invites African Early Stage Startups to Apply for Funding

Africa focused early-stage funding platform Uncap, has officially commenced operations in Sub-Saharan Africa. The program was initiated with the aim of making early-stage funding available for startups in Sub-Saharan Africa. The firm has now invited startups to apply as the application period will last two months and will include a

Nigerian eCommerce startup, Omnibiz, raise a $3m seed round to expand across West Africa

Nigerian eCommerce startup, Omnibiz, raise a $3m seed round to expand across West Africa

Omnibiz, a Nigerian Business to Business (B2B) eCommerce startup, has announced the close of a $3million seed round to expand to other African countries. The funding round was led by V&R Africa, Timon Capital, and Tangerine Insurance. Other participants in the round include Lofty Inc., Musha Ventures, Sunu

Nigeria-based anti-counterfeiting startup, Chekkit raises $500k pre-seed funding

Nigeria-based anti-counterfeiting startup, Chekkit raises $500k pre-seed funding

Nigerian anti-counterfeiting startup, Chekkit, has secured a $500,000 pre-seed funding round to enable it to expand its operations within the pharmaceutical and FMCG industries. Pan African VC, Launch Africa, Japan Strategic Capital, Blockchain Founders Fund, and two syndicate groups of angel investors participated in this round. The company also

Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigerian E-commerce startup Obtech raises over $15k Pre-seed Investment from Hardware Garage

Nigeria-based e-Commerce startup Obtech has announced it raised over $15k at the pioneering edition of the Hardware Garage Centre in the Enugu state of Nigeria. Hardware Garage is an acceleration center where hardware innovators with scalable ideas in Nigeria are transformed into commercially viable products. The 2021 pioneering edition saw

South African E-commerce Startup My Car Guide launches its Mobile App for Auto Part Buyers with Sellers

South African E-commerce Startup My Car Guide launches its Mobile App for Auto Part Buyers with Sellers

South African e-commerce startup My Car Guide has announced the launch of its online trading platform for businesses and end-users. My Car Guide was launched in 2020 by Innocent Matlala in Johannesburg to cut out the middlemen in the buying and selling of car spare parts from manufacturers and sellers.

Nigerian Mobility Fintech Startup Moove raises $23m in funding

Nigerian Mobility Fintech Startup Moove raises $23m in funding

Nigerian mobility Fintech startup providing revenue-based vehicle financing to mobility entrepreneurs across Africa Moove has raised $23m in series-A funding to expand its tech-based vehicle financing platform. The funding round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, the latest. ventures, LocalGlobe, Tekton,

South African Fintech startup Callpay Acquired At A Valuation Of Over $6.8m

South African Fintech startup Callpay Acquired At A Valuation Of Over $6.8m

South African Fintech startup Callpay has announced it has been purchased by a global Fintech service provider. The sale of majority shares was based on the company’s valuation of more than $6.8m, as the startup aims to raise investment to help accelerate its growth. Head of partnerships at