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VestedWorld backs Nigerian marketing-tech firm Terragon
Startups

VestedWorld backs Nigerian marketing-tech firm Terragon

Africa-focused early-stage investment firm VestedWorld has invested in Nigerian marketing technology company Terragon to increase its geographical reach, expand its product suite and develop new partnerships. The terms of the transaction were not disclosed Founded in 2011, Terragon offers a consumer insight and activation platform that aggregates, organizes, and enriches
Jul 6, 2021 1 min read
Zeew secures $170k to speed up its Global Growth
Startups

Zeew secures $170k to speed up its Global Growth

After securing a six-figure investment in January this year, Egypt-based delivery startup, Zeew, has recently announced the raise of another $170,000 from Sanabil 500 MENA Seed Accelerator. The Accelerator is an initiative led by both Sanabil Investments and 500 startups. This latest fund brings the total investment received by
Jul 6, 2021 2 min read
Ghanaian Agribusiness Startup Green Gold Farms, raise $1.6million in funding
Startup

Ghanaian Agribusiness Startup Green Gold Farms, raise $1.6million in funding

Ghana-based Agritech startup Green Gold Farms has announced it raised $1.6m in a funding round from Absa Bank Ghana, Diaspora Capital, Channel Ventures, EPMT Fund, and other early-stage seed investors. Green Gold Farms is an Agribusiness tech startup that aims at adopting modern or advanced technological practices in areas
Jul 6, 2021 1 min read
Vodafone Ghana Teams up with Invest in Africa to Provide Digital Skills of Ghanaian SMEs
Business

Vodafone Ghana Teams up with Invest in Africa to Provide Digital Skills of Ghanaian SMEs

Invest In Africa (IIA) has announced a partnership with Vodafone Ghana to help local businesses improve their digital skills. Invest In Africa was founded in 2012, the organization currently operates in five African countries (Ghana, Kenya, Senegal, Zambia, and Mauritania), assisting startups through training and improved access to finance. The
Jul 6, 2021 2 min read
Edtech Startup Microverse raises $12.5m Series A Funding
Startup

Edtech Startup Microverse raises $12.5m Series A Funding

San Francisco-based Edtech startup Microverse has announced it raised $12.5m in a Series A round. The round was led by Northzone, a global tech VC firm. Business angels, leading startups from Europe, Africa, and Latin America, and other existing investors also participated in the round. Microverse was founded by
Jul 6, 2021 1 min read
Liquid Intelligent Technologies and Facebook Partner to Build a Fibre Network in the Democratic Republic of Congo
Startups

Liquid Intelligent Technologies and Facebook Partner to Build a Fibre Network in the Democratic Republic of Congo

Pan-African technology group, Liquid Technologies has announced a partnership with the tech giant, Facebook to build an extensive long haul and a metro fiber network in the Democratic Republic of Congo (DRC). This partnership is expected to improve internet access for more than 30 million people and help meet the
Jul 5, 2021 2 min read
Egyptian startup, MaxAB, raises $40 million to expand its B2B food and grocery delivery platform
Startups

Egyptian startup, MaxAB, raises $40 million to expand its B2B food and grocery delivery platform

MaxAB, an Egyptian B2B startup that helps small retailers procure inventory for their stores, has today announced the close of a $40 million Series A funding. The round was led by North-Africa-focused impact investor, RMBV. Other investors in the round include the International Finance Corporation (IFC), Flourish Ventures, Crystal Stream
Jul 5, 2021 2 min read
South African eCommerce Startup Dis-Chem launches its delivery service, DeliverD
Startup

South African eCommerce Startup Dis-Chem launches its delivery service, DeliverD

Pharmacy and beauty retailer Dis-Chem has announced the launch of its new 60-minute delivery service, DeliverD. The service will be the fourth on-demand delivery offering by a major retailer since Checkers first launched its Sixty60 app in November 2019. DeliverD will first accommodate a limited range of front-shop products during
Jul 5, 2021 1 min read
Global eCommerce startup WooCommerce’s Partners with Paystack for Payments in Africa
Startup

Global eCommerce startup WooCommerce’s Partners with Paystack for Payments in Africa

Global eCommerce startup WooCommerce has selected Nigeria’s Paystack as its preferred payment partner in Africa. The partnership will WooCommerce’s merchants to accept payments via Paystack. Since its acquisition by Stripe in October 2020, Paystack has expanded into the South African market and now operates in three African countries.
Jul 5, 2021 1 min read
Nigerian Cleantech Startup, OneWattSolar Issues ₦10b bond
Startup

Nigerian Cleantech Startup, OneWattSolar Issues ₦10b bond

Nigeria’s Cleantech startup providing off-grid renewable energy OneWattSolar has announced it issuing a $24m bond to deploy clean energy across Africa. The bond issuance was led by Comercio Partners, a Lagos-based investment bank, and supported by Nigerian Shari’ah complaint fund manager, Marble Capital Limited. OneWattSolar was created by
Jul 2, 2021 1 min read
Kenyan eCommerce Startup, Copia Global, Expands to Uganda
Startup

Kenyan eCommerce Startup, Copia Global, Expands to Uganda

Having established its presence in the eCommerce space in Kenya, Kenyan eCommerce startup, Copia Global, has announced its expansion into Uganda. Copia Global was founded by Tracey Turner. The startup’s unique platform uses agents to carry out commercial activities. Customers intending to make purchases visit an agent with a
Jul 2, 2021 1 min read
South African Lifestyle Startup Brown and Ayo raises $276k funding from Enygma Ventures
Startup

South African Lifestyle Startup Brown and Ayo raises $276k funding from Enygma Ventures

South African haircare startup Brown and Ayo have announced it raised $276k in funding from female-focused VC firm Enygma Ventures. Brown and Ayo were founded in 2019 by Acanda Jaswa, as a hair brand focused on inspiring natural hairstyles and trends for black women in South Africa. The startup has
Jul 2, 2021 1 min read
TeamApt closes an undisclosed Series B round to expand its financial services beyond Nigeria
Startups

TeamApt closes an undisclosed Series B round to expand its financial services beyond Nigeria

TeamApt, a Nigerian fintech startup that offers agent banking services to Nigerians with intentions to launch a digital bank soon, has successfully secured an undisclosed amount in a Series B round. Though the exact amount wasn’t stated, sources familiar with the deal said it’s higher than $20 million
Jul 2, 2021 3 min read
Flutterwave makes Y Combinator’s 40 most valuable Private Companies
Startup

Flutterwave makes Y Combinator’s 40 most valuable Private Companies

Six months after its previous publication, US seed-stage accelerator Y Combinator (YC) released its YC Top Companies list which contains startups valued at over $150m or more, featuring 163 companies, with 6 of them being public and 157 private companies. The publication also revealed that private companies valued at over
Jul 2, 2021 1 min read
Nigerian Fintech startup Fairmoney raises $42million Series B
Startup

Nigerian Fintech startup Fairmoney raises $42million Series B

Nigerian micro-lending Fintech startup, Fairmoney has announced it raised $42m in a Series B funding round led by  US hedge fund and investment firm Tiger Global. Existing investors that participated in the round include – partners of DST, Flourish Ventures, Newfund, and Speedinvest. With an active presence in Nigeria and India,
Jul 2, 2021 2 min read
Nigerian Fintech Startup PayHippo raises $1 million pre-seed
Startup

Nigerian Fintech Startup PayHippo raises $1 million pre-seed

Nigerian Fintech startup PayHippo has announced it raised $1m in a pre-seed funding round to help scale its business. Ventures Platform, Future Africa, Launch Africa, Sherpa Ventures, Hustle Fund and Mercy Corps Ventures all participated in the round. PayHippo was co-founded by the trio of Chioma Okotcha who’s the
Jul 2, 2021 1 min read
Egyptian e-Commerce Startup Odiggo expands to UAE
Startup

Egyptian e-Commerce Startup Odiggo expands to UAE

Egyptian e-Commerce automotive spare parts startup Odiggo has announced its expansion to the United Arab Emirates (UAE) having clocked up to one million users over the course of last year. Odiggo was created in 2018 by Ahmed Omar but launched its service in 2019, the startup links customers with vendors
Jul 1, 2021 1 min read
Zipline raises $250M at $2.75B valuation to expand its logistics network
Startups

Zipline raises $250M at $2.75B valuation to expand its logistics network

Zipline, an African drone delivery startup, has secured $250 million in new funding to expand its logistics networks across Africa and the United States. The round was led by Baillie Gifford, with support from returning investors Temasek and Katalyst Ventures. New investors like Fidelity, Intercorp, Emerging Capital Partners, and Reinvest
Jul 1, 2021 2 min read
Moroccan Fintech Startup Yalla Xash Raises $675k
Startup

Moroccan Fintech Startup Yalla Xash Raises $675k

Yalla Xash has announced it raised a $675k investment from Maroc Numeric Fund II as it bids to expand across Africa. Founded by Emir Lallouche and Cedric Tamavond in the year 2017, Yalla Xash is a Fintech startup that focuses on money transfers between North America and Africa. The startup
Jul 1, 2021 2 min read
BPIfrance And Mubadala Partners to Launch $416m Fund for African Startups

BPIfrance And Mubadala Partners to Launch $416m Fund for African Startups

Mubadala Investment Company and BPIfrance have partnered to form a new co-investment venture focused on African private equity to support high-growth African startups and SMEs. The two firms have agreed to raise $416m through fund and direct investments in private equity and venture capital, focusing on African startups. “We are
Jul 1, 2021 1 min read
Nigerian Healthtech Startup, MDaaS Global secures $2.3 Million in seed extension
Startups

Nigerian Healthtech Startup, MDaaS Global secures $2.3 Million in seed extension

Nigerian Healttech startup, MDaaS Global has raised $2.3 million in a seed extension round led by Newtown Partners via the Imperial Venture Fund, with participation from CRI Foundation, FINCA Ventures, and Future Africa, among others. The health tech startup which is building and operating a network of modern, tech-enabled
Jun 30, 2021 4 min read
Ghanaian fintech, Zeepay completes $7.9m Series A round to expand across Africa and the Caribbean
Startups

Ghanaian fintech, Zeepay completes $7.9m Series A round to expand across Africa and the Caribbean

Ghanaian fintech startup, Zeepay has announced the completion of a $7.5 million Series A funding round led by an impact investment group, I&P. Other investors who participated in the round include ARK Holdings, an Africa-focused early-stage venture capital firm, GOODsoil VC, Verdant Capital, and JLD & MB
Jun 30, 2021 2 min read
Malagasy Edtech startup Sayna raises Funding to Scale
Startup

Malagasy Edtech startup Sayna raises Funding to Scale

Malagasy Edtech startup Sayna has announced it secured an undisclosed round of funding to help it expand access and launch new products. The funding was secured from I&P Acceleration Technologies, a program dedicated to African digital startups led by Investisseurs & Partenaires (I&P), and Miarakap, an
Jun 30, 2021 1 min read
Nigerian Fintech Startup Cowrywise, secures SEC’s License
Startup

Nigerian Fintech Startup Cowrywise, secures SEC’s License

Nigeria’s Wealth management startup, Cowrywise has secured an asset management license from the Securities and Exchange Commission (SEC). The license gives the startup the right to manage funds and investment portfolios on behalf of retail investors, allowing it to develop and operate any product that pools investor funds. Cowrywise
Jun 30, 2021 1 min read
Ghana’s Jetstream raises $3m seed funding to simplify freighting across Africa
Startups

Ghana’s Jetstream raises $3m seed funding to simplify freighting across Africa

Ghana-based freight startup, Jetstream has announced the close of a $3million seed funding round to make freighting and port logistics easier for Africans. Investors who took part in the round include Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs, and MSA Capital. Jetstream,
Jun 29, 2021 2 min read
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