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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

Kenya-based Healthtech Startup BYON8 Raises $1.5m Seed Round for African Expansion

Kenya-based Healthtech Startup BYON8 Raises $1.5m Seed Round for African Expansion

Sweden and Kenya-based digital health startup BYON8 has announced it raised $1.5m in seed capital to help it expand across Africa. The funding round was led by People Ventures, a Danish early-stage technology investor, and other investors including Jellyfish Invest and T&W Holding. BYON8 was launched in

Decagon raises $1.5m seed round, receives $25m loan to finance and train software engineers

Decagon raises $1.5m seed round, receives $25m loan to finance and train software engineers

Nigeria-based IT firm, Decagon has today announced the close of a $1.5 million seed round and a $25 million student loan facility received from Sterling Bank, a leading financial institution in Nigeria. The seed round was led by Kepple Africa and Timon Capital, with investments from Tokyo-based UNITED Inc.

Zambian Fintech Startup Union54 Announces Development of Africa’s First Card Issuing API

Zambian Fintech Startup Union54 Announces Development of Africa’s First Card Issuing API

Zambia-based Fintech startup Union54 has announced it has partnered with Mastercard to become a Mastercard Principle member, allowing the startup to become an authorized issuer of debit cards. Union54 was launched in 2015 as Zazu by Perseus Mlambo and Alessandra Martini, as at the time, the startup was a challenger

Nigerian Agritech Startup Zowasel receives $100k at the UNWFP Zero Hunger Sprint

Nigerian Agritech Startup Zowasel receives $100k at the UNWFP Zero Hunger Sprint

Nigeria-based Agritech startup Zowasel that participated in the UN World Food Program ‘Zero Hunger Sprint’ has received $100k investment funding from Guinness Nigeria Plc and leading pan-African consumer packaged food manufacturer, Promasidor Nigeria Limited. Zowasel was founded by Jerry Oche to create a sustainable marketplace for crops by matching verified

Nigeria’s digital cargo provider MVX raises $1.3 million from Kepple Africa, other investors

Nigeria’s digital cargo provider MVX raises $1.3 million from Kepple Africa, other investors

MVX, a Lagos-based digital freight, and the hauling startup has secured $1.3 million in seed funding to help merchant shippers move cargoes faster. The startup which started as a booking service for chartered sea vessels, but pivoted into a digital freight forwarding and trade finance venture last year, raised

Egyptian E-commerce Startup Teegara Secures Five-figure Pre-Seed Round

Egyptian E-commerce Startup Teegara Secures Five-figure Pre-Seed Round

Cairo-based e-commerce startup Teegara.com has announced it raised five-figure funding in a pre-Seed funding round led by the Alexandria Angels Network and angel investors from Saudi Arabia, Egypt, and the Netherlands. Teegara is a B2B2C e-commerce startup founded in 2019 by Ahmad Kayyali and Nader Ibrahim, with Ahmed Samir

South African Insuretech startup, Naked closes $11 Million Series A led by Naspers Foundry

South African Insuretech startup, Naked closes $11 Million Series A led by Naspers Foundry

South Africa-based insuretech platform, Naked has announced the close of its $11 million Series A round led by Naspers through its early-stage tech investment vehicle, Naspers Foundry. Previous investors, Yellowwoods and Hollard, also participated in the funding round. This deal is coming on the heels of Naspers investment in another

Payhippo gets accepted into YCombinator Summer Cohort 2021

Payhippo gets accepted into YCombinator Summer Cohort 2021

Nigeria-based fintech startup, Payhippo, has been accepted into Y Combinator’s Summer 2021 cohort, joining 167 startups, four of which are African. Launched in January 2020 by Zach Bijesse (CEO), Chioma Okotcha (COO), and Uche Nnadi (CTO), Payhippo is working to bridge the gap between small business owners and the

Kenya’s Wapi Pay raises $2.2M pre-seed to facilitate cross-border payments between Africa and Asia

Kenya’s Wapi Pay raises $2.2M pre-seed to facilitate cross-border payments between Africa and Asia

Kenya based fintech startup, Wapi Pay, has closed a $2.2 million pre-seed funding round to facilitate global payments and remittances between Asia and Africa. Investors that took part in the round include China-based MSA Capital, which has previously backed unicorns such as Meituan, Nubank and Klarna; Pan African and

Once Again, Accelerex Demonstrates Fintech Leadership with Two Awards

One of Nigeria’s foremost financial technology companies, Global Accelerex (Accelerex), has yet again demonstrated its leadership in the financial technology industry by clinching the FinTech Services Provider of the Year and Customer Focused ICT Company of the Year awards at the 12th edition of the Beacon of Information and

Egyptian gaming Marketplace Gamesbandy secures $40k Grant funding

Egyptian gaming Marketplace Gamesbandy secures $40k Grant funding

Egyptian gaming marketplace GamesBandy has announced it closed $40k in grant funding from Taqadam, a MENA-based accelerator firm helping African startups to scale. Gamesbandy was founded in 2020 and became the first platform in the region to provide users with a safe and simple way to buy and sell gaming

South African Agritech Startup Khula launches app after closing $1.3m funding round

South African Agritech Startup Khula launches app after closing $1.3m funding round

One month after closing a $1.3m seed round led by AECI and ESquared Investments, Johannesburg-based Agritech startup Khula has announced the launch of their new app in a statement. Khula was founded in 2016 by the trio of Karidas Tshintsholo, Matthew Piper, and Jackson Dyora and had over 3000

African Startups Can Apply for V8 Growth Labs accelerator

African Startups Can Apply for V8 Growth Labs accelerator

V8 Growth Labs has announced that African startups can apply for the second edition of the V8 Growth Labs accelerator program. The three-month V8 Growth Labs Accelerator will offer African startups access to mentorship, business development, and up to $50k in the capital. The program which is sponsored by V8

Nigerian neo-bank, Kuda Bank raises $55 million Series B to fuel expansion across Africa

Nigerian neo-bank, Kuda Bank raises $55 million Series B to fuel expansion across Africa

Kuda Bank, a London-based, Nigerian operating startup that prides itself as the “bank of the free”, working to provide cheaper and personalized mobile banking services to Africans has secured $55 million in a Series B round to accelerate its expansion across Africa. The Series B funding which was an inside

Nigerian Communications Commission (NCC) Ready to Deploy 5G across Nigeria

Artificial Intelligence

Nigerian Communications Commission (NCC) Ready to Deploy 5G across Nigeria

The Nigerian Communications Commission (NCC) has announced that Nigeria is now ready for the rollout of 5G services across the nation. This was made known by the Executive Vice Chairman (EVC) Prof. Umar Danbatta during a public inquiry on the draft frequency spectrum (fees and pricing, and annual operating levy

Eight Egyptian Startups Secure Funding from Flat6Labs Cairo Seed Program

Eight Egyptian Startups Secure Funding from Flat6Labs Cairo Seed Program

The Egyptian startup continues its series of funding activities as Flat6Labs, a Cairo-based accelerator firm announced that eight Egyptian startups have just graduated from Flat6Labs Cairo Seed Program’s 16th cycle and will be receiving investment ranging from $30k to $50k in cash. Albert Malaty, managing director of Flat6Labs Cairo

Nigeria’s Tangerine officially launches its Fintech Platform in Nigeria

Nigeria’s Tangerine officially launches its Fintech Platform in Nigeria

Nigeria-based financial services and technology platform, Tangerine has officially announced the launch of its Fintech platform. The announcement came via a press conference recently. Tangerine was established in September 2019, following the acquisition of a 100% equity stake in Metropolitan Life Insurance Nigeria by Verod Capital Management (Verod), a leading

South Africa’s Convergence Partners close Digital Infrastructure Fund at $120m

South Africa’s Convergence Partners close Digital Infrastructure Fund at $120m

Private equity investor firm Convergence Partners has announced it has successfully closed its Digital Infrastructure Fund (CPDIF) at $120 million. Participants in the funding include the UK-based CDC Group, the European Investment Bank (EIB), and Proparco. Convergence Partners was launched in 2006 to invest in digital infrastructure in Africa. With

Egyptian Fintech Startup, CreditFins, raises Pre-Seed Round

Egyptian Fintech Startup, CreditFins, raises Pre-Seed Round

Cairo-based Fintech startup providing credit card management service CreditFins has announced it raised an undisclosed sum in a Pre-Seed funding round co-led by Flat6Labs, AUC Angels, TA Telecom Holding, and other strategic angel investors with technical and investment backgrounds. CreditFins was founded in 2020 by Sherif Radi, Gamal Eldin Sadek,

Nigeria Agritech startup Releaf plans Expansion into more crops and African markets

Nigeria Agritech startup Releaf plans Expansion into more crops and African markets

Nigerian Agritech startup Releaf developing proprietary hardware and software solutions to the industrialization of food processing in Africa has announced plans to expand into more crops and additional West African markets. Releaf was founded in 2017 by the trio of Ikenna Nzewi, Uzo Ayogu, and Isaiah Udotong. The startup which

Egyptian ride-sharing startup, Swvl is going public via SPAC at a valuation of $1.5 billion

Egyptian ride-sharing startup, Swvl is going public via SPAC at a valuation of $1.5 billion

Swvl, a Cairo-born, but Dubai headquartered ride-sharing startup has disclosed on Tuesday that it is going public by merging with a special purpose acquisition company (SPAC). The mobility startup said it’s merging with Queen’s Gambit Growth Capital, a women-led SPAC, which will see the startup’s valuation rise

African Agritech Startups can benefit from AgriHack 2021

The AGRF and Heifer International have announced that Agritech startup can apply for the Pitch AgriHack 2021. This will be the seventh edition of the Pitch AgriHack contest, exclusively at African businesses bringing technological innovation to the agriculture sector. The aim of the competition is to accelerate entrepreneurial growth and