Uganda-based e-logistics startup, Ridelink, has partnered with Omidyar Network, African Leadership Academy’s Young Entrepreneurs Fund (Anzisha), and Ortus Africa Capital, while it raised pre-seed funding of US$150,000 to scale its operations. This latest pre-seed funding brings Ridelink’s total investment to US$250,000, having drawn private

Ear1, an African social media startup that allows people to talk to influencers and professionals for a small amount, has announced the raise of a $520,000 pre-seed round. The round was led by Danny Oyekan of Dan Ventures, with Alkesh Thavrani of Stellar International and Prosper Otemuyiwa (CTO of

Pan-African VC firm, LoftyInc Capital, has announced on Tuesday that it is launching its third fund — LoftyInc Afropreneurs Fund 3 — at $10 million for tech startups in Africa. The firm has seen the first close of $5.5 million. Some of the limited partners in the vehicle include FBNQuest Funds,

Seedstars has announced for submission of entries into its global Digital Democracy Challenge, a hackathon that seeks to provide innovative solutions that strengthen and promote digital democracy. The program is looking for innovative and cost-effective solutions that can help citizens, activists, civil society actors, disenfranchised political actors engage in the

Awabah, a Nigerian fintech startup that provides micro pension services for people in formal and informal employment, announced over the weekend that it has been accepted into the Techstars London accelerator program alongside nine other startups. This is coming after the digital pension startup raised $200K from early-stage angel investors,

VitruvianMD, a South African e-health startup, has raised a US$659,000 financing round to scale its technology and launch more pilots. The round was led by the Singapore-based Verge Healthtech Fund and several angel investors. VitruvianMD combines biomedical engineering and cutting-edge artificial intelligence (AI) to provide medical laboratories with

Andela, the global talent network that helps companies build remote engineering teams, has announced Tuesday, a new milestone for its developer learning community. Andela Learning Community (ALC) has now surpassed 100,000 learners. Launched in 2017, Andela’s Learning Community (ALC) works with the belief that brilliance is evenly distributed

Quro Medical, a Johannesburg-based health tech startup that offers accessible and affordable healthcare for South Africans has secured undisclosed financing (PDF) from Life Healthcare (LHC), a leading international healthcare organization, and South Africa’s largest private hospital chain. This deal is coming after Quro Medical raised a $1.1 million

Plentywaka, an African mobility startup with a presence in Lagos and Toronto has secured a $1.2 million seed round to scale its operations, after graduating from the Techstars accelerator program last month. The round was led by a Canada-based VC firm, The Xchange. SOSV and Shock Ventures also participated

Nigeria-based fintech company, Opay has raised $400 million in a funding round led by SoftBank Vision Fund 2, the venture capital arm of Japanese conglomerate, SoftBank. This investment signals the first time SoftBank Vision Fund is investing in an Africa-based startup. Existing investors like Sequoia Capital China, Redpoint China, Source

Odiggo, an Egypt-based auto-tech startup, has announced the close of a $2.2 million seed round from global Venture Capital firms; 500 Startups, Y Combinator and PlugAndPlay. Regional VCs like Seedra Ventures, LoftyInc Capital, and Essa Al-Saleh (CEO of Volta-Tucks) also took part in the round. Launched in December 2019

Standard Bank Group, Africa’s largest lender by assets is set to outline its ‘2025 Ambition’ – which includes plans to ‘transform ‘client experience’ and provide guidance for future financial targets. The bank is also poised on transforming into a platform for services beyond banking, it said on Friday. After years