Funding

Egyptian fintech, MoneyFellows secures $4M Series A

Egyptian fintech, MoneyFellows has secured $4 million in a Series A round from global VC Partech and Egypt’s Sawari Ventures. MoneyFellows platform helps users manage money circles by digitizing the informal traditional rotating savings and credit association model. Some features of the platform include salary automated deductions, fixed payout

Facebook Inc obtains publicly supported mapping Tech Company, Mapillary.

Facebook Inc has obtained a Swedish publicly supported mapping technology company, Mapillary that helps collects images from many contributors to build immersive and up-to-date maps. The transaction was confirmed by Facebook but later on, refused to open up about the terms involved. However, Mapillary hesitated in responding to a request

Google for Startups Accelerator Africa selects 20 For Virtual Program.

Google has selected Twenty African tech startups For their fifth Cohort,  Google for Startups Accelerator Africa, which will take place online, and the aim is to help participating startups leverage Google’s technologies. Google for Startups Accelerator Africa program was first launched in March 2018 with the most recent one

Blockchain

South African Fintech, Centbee rolls out new feature to enable users make essential purchases.

South African fintech, Centbee has rolled out a new feature in its Bitcoin wallet to enable users to purchase prepaid electricity, airtime, and data. Centbee leverages Bitcoin Satoshi’s Vision (SV)  to offer services to global customers through an intuitive Bitcoin SV  wallet, which can be used to send and

Startup

Founder of E-Health startup, Rahet Bally wins $100,000.

The founder of the e-health startup, Rahet Bally named, Nadia Gamal El-Din has won $100,000 in funding from global Cartier’s Women’s Initiative Awards 2020. The annual initiative aims to highlight women entrepreneurs and women-led startups across the world. Seven female-led startups won this year while each founder

Funding

OTO Courses, Egypt-based edtech platform, secures six-figure investment for AUC Angels, Changelabs.

Egyptian Edtech platform, OTO Courses has secured a six-figure (USD) investment round from AUC Angels and Changelabs. OTO Courses which stands for One-to-One Courses is an online learning platform that offers a wide range of specialized and general courses with dedicated hours of live tuition. The platform plans to use

Funding

Nigeria’s micro-investing startup “Trove” raises funding from Three Local Angel Network.

Nigerian micro-investing startup “Trove” has raised funds from three local angel networks because it prepares for expansion. Trove has built an easy micro-investing app that allows its users to take a position small amounts in additional than 3,000 Nigerian, American, and Chinese stocks, bonds, and ETFs. Trove is a

Founder Institute Applications Opened for Lagos third Cohort.

Founder Institute has opened applications for its third Cohort in order to support more startups to launch new companies across Nigeria and Africa at large. According to the Founder of Loystar, Ayo Dawodu; he says the FI program is for any entrepreneur looking forward to being a successful one solidly

Startup

Visa  supports Small Businesses in Nigeria With New Initiative; ‘Where You Shop Matters’

Worldwide digital payment Visa, has launched its new initiative ‘Where you Shop Matters‘ and it aims at championing and enabling entrepreneurs in Nigeria while encouraging consumers to support small businesses. The initiative comes as a new study shows more consumers are embracing the eCommerce and digital payments over physical cash.

Zoom

Video-conferencing app, Zoom to offer encryption to both free and premium users.

Video conferencing app, Zoom is planning to offer full end-to-end encryption to both free and paid users. This follows the pressure from members of the United States Congress and the public telling the video-conferencing company to ensure privacy. U.S. Senators Sherrod Brown, an Ohio Democrat, and Richard Blumenthal, a

VC4A Calls for African scale-ups In The 'Venture Showcase Series A.'

VC4A has announced the 2020 ‘Venture Showcase Series A’ in partnership with AWS Activate to give selected entrepreneurs the opportunity to introduce their companies to early-stage African investors. This is going to be a virtual gathering of African-focused early-stage investors in collaboration with their technical partner AWS Activate, VC4A will

Funding

South African Fintech startup, Planet42 receives $2.4M funding in a round led by Change Ventures

South African fintech startup, Planet42 has received $2.4 million in funding from Change Ventures to help it scale its growth. Other investors who participated in the round include Martin Villig, CEO of Bolt, Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP) and other Estonian tech entrepreneurs. Planet42

Funding

Egyptian online real estate platform, Sakneen gains backing from Silicon-Valley based Incubator, Y Combinator.

Egyptian online real estate platform, Sakneen has gained backing from Silicon-Valley based Incubator, Y-Combinator. Sakneen was part of Y Combinator’s Winter 2020 batch that graduated earlier this year with a virtual demo day and secured $150,000 from Y Combinator. Sakneen is an online real estate platform that will

AppsAfrica Innovation Awards 2020 Entries Opened.

AppsAfrica Innovation Awards entries are opened and they opened to corporates, established ventures, or start-ups who have launched services in at least one African market for the sixth time this year. This is to celebrate technology and mobile applications from across Africa, showcasing the continent’s best innovations across 12

Funding

Egyptian medicine delivery startup, Chefaa secures pre-Series A investment to expand its services.

Egyptian medicine delivery startup, Chefaa has secured a pre-Series A investment round to expand its services in the region. The investment came from US venture capital fund and accelerator 500 Startups, Saudi Arabian fund Vision Ventures, Womena, and other investors. According to the tech news site, Menabytes, the startup did

Funding

Egyptian learning startup, Zedny rolls out to provide online courses in Arabic.

Egyptian learning platform, Zedny has rolled out to provide over 200 online courses and 400 animated video summaries in Arabic. This comes after the secured a pre-seed investment of $1.2 million from a handful of investors. The startup integrates gamification into the HR development cycle to enable individuals to

Startup

Orange plans to enter Nigerian and South African markets soon.

France’s largest telecom group Orange is planning to enter the South African and Nigerian markets soon. According to Reuters, the Chief Executive Officer (CEO) at Orange, Stephane Richard said, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things

Funding

Egypt Startup Zedny gets $1.2 Million Investment.

Zedny, an Arabic learning startup in Egypt has gotten an investment of $1.2million and the  assets will be coordinated to their locale wide extension The Egyptian stage has great 5,000 hours open to clients. The firm offers years-long learning and can be gotten to over the whole Middle

Startup

Cairo Angels introduce fundraising consultancy for early-stage startups.

Angels Investment network, Cairo Angels has introduced a fundraising consultancy for early and growth-stage startups that operates in the Middle East and Africa. Cairo Angels are Egypt’s first formal network of angel investors that invest in and support startups and early-stage, high-growth businesses. The Angels Network has partnered with

Startup

South Africa’s LifeQ, Samsung rolls out VeoSens, wearable insurance, and health management solution.

South African biotech startup, LifeQ in partnership with Samsung and Hannover Re has rolled out VeoSens, a wearable integrated insurance and health management solution. LifeQ uses technology and analytics to improve the health and well-being of humans.  Its solutions fill the gap between medical devices and basic consumer devices while

Asia

Uber Appoints A New head For its Asia Pacific Business; Pradeep Parameswaran.

Uber has appointed Pradeep Parameswaran, as its new head for the Asia Pacific part of the business and he is set to begin his new role next week. Parameswaran was the chief of Uber India and South Asia and during his time of leadership, he helped Uber develop and successfully

C. Moore Media launches “The Future is Female Mentorship Program.”

C. Moore Media has launched a Public Relations (PR) and communications mentorship program dubbed, “The Future is Female Mentorship Program” to provide business development needs to African Tech female founders. The Female Mentorship Program aims to provide the underserved market of African female founders of early-stage start-ups with the PR

Startup

Ride-hailing company, Uber to partner with Flutterwave to launch Uber Cash.

Ride-hailing company, Uber is planning to partner with FinTech firm, Flutterwave to launch Uber Cash, a digital wallet feature in Africa. Flutterwave is a B2B payment gateway network that allows clients to tap its APIs and also customize payments applications. According to TechCrunch, the new partnership will allow Uber riders

Startup

Kenyan Company "Raise" Launches Their Public Beta fundraising platform for African startups

Raise, a Kenyan company has launched its public beta end-to-end fundraising platform for African startups in order to make fundraising easier and gives solutions to fundraising through its digital platform. The platform also helps gives permits to founders and investors to open a personal virtual deal room, issue compliant electronic

Funding

South African startup, Sun Exchange secures $3m to expand into new markets across Africa

South African peer-to-peer solar leasing platform, Sun Exchange has secured a $3 million investment as part of its Series A round to expand into new markets across the African continent. The solar leasing platform has now closed a $4 million round with the fresh $3 million investment by the Africa