Mali-based solar energy startup, SolarX Africa, has announced the close of additional funding from Energy Access Ventures (EAV), an early-stage fund investing in decentralized energy companies across sub-Saharan Africa. SolarX Africa plans to utilize this new equity and quasi-equity funding to finance the pipeline of commercial and industrial clients in

Nigeria-based escrow fintech company, Escrowlock has secured an undisclosed amount of funding from Facebook. Escrowlock is one of 30,000 tech companies that secured a portion of the $100 million global business grant from the social media giant. Late last year, Facebook had announced a $100 million grant for 30,

Tech giant, Facebook has today released its industry-leading Community Standards Enforcement Report (CSER) for the first quarter of 2021. The new report showcases data on how Facebook is performing in enforcing 12 of its policy areas on Facebook and 10 on Instagram for the January-March 2021 period. Additionally, it reveals

Fireflies.ai, an AI voice assistant that joins video conferencing meetings to take notes has announced the raise of $14 million in a Series A funding round, led by Khosla Ventures, with participation from Canaan Partners and other angel investors. Founded in July 2016 by Krish Ramineni and Nigerian-born, Sam

At the height of the COVID-19 pandemic, economic activities shrank on a global scale. A drastic decrease in revenue generation caused many private companies to downsize or change business strategies. Africa and Asia were not exempt from this. Many startups were faced with fragile social infrastructure, a limitation of public

Nigerian fintech startup, Flutterwave has been named in the CNBC Disruptor 50 list. It is the only African company named in the list which has Stripe, Airtable, Clubhouse, Robinhood amongst others. CNBC said the list “highlights the private companies leading out of the pandemic with business models and growth rates

In a recently released blog post, Nigerian Communications Platform as a Service (CPaaS) startup, Termii has officially announced its expansion to Ivory Coast. In the statement, it said, “We’re constantly improving our messaging solution to help businesses conveniently reach and engage their customers across Africa, and we’re super

Launching a fintech startup is about to get more difficult in Nigeria, due to CBN’s new capital requirements ₦4bn (Four Billion Naira) for payment companies. In a circular released on Monday 24th of April, 2021, the Central Bank of Nigeria has issued new capital requirements for payment firms and

Mozare3, a Giza-based Agri-fintech startup that helps farmers sell their farm produce, has secured an undisclosed seven-figure investment in a pre-seed funding round led by Algebra Ventures and Disruptech Ventures. EFG-EV and other reputable angel investors also participated in the funding round. Mozare3 was founded in 2020 by Hussein Abou

Applications are currently open for the Uganda Green Enterprise Finance Accelerator (UGEFA) program, a four-year European Union (EU)-funded project that provides green businesses with customized loans and direct acceleration support. The UGEFA program is looking to provide funding ranging between $10,000 and $100,000 for eligible startups. Aside

Over the last few weeks, the Egyptian startup space has witnessed increased funding activities. From Telda’s impressive $5million pre-seed raise to Bosta and Homzmart securing huge amounts in their series A rounds. Most of these funding activities are only possible because of the active local and international investors and

Tays, an Egypt-based social and professional networking startup has secured an undisclosed seven-figure pre-seed funding from Angel Investors within the country’s startup ecosystem. Founded by Sherif Bacheet in 2020, the Egypt-based startup offers an end-to-end social networking app that uses machine learning to connect professionals based on similar interests.

Mono, a YC backed fintech startup working to improve financial inclusion and connectivity in Africa has raised $2million in seed funding. The company which says it is building the Plaid for Africa had earlier raised $500,000 in pre-seed funding last September, before bagging $125,000 from YC in February