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IDT Corporation Expands BOSS Money App Into Francophone Africa

IDT Corporation Expands BOSS Money App Into Francophone Africa

IDT Corporation, a prominent global fintech company, has announced the expansion of its cutting-edge BOSS Money app into the Francophone region of Africa, encompassing Senegal, Côte d’Ivoire, Cameroon, and the Democratic Republic of Congo. This strategic move represents a significant milestone in IDT's mission to extend transformative

TechStars-Backed Insurtech Startup, MyCover.ai Receives $1.25M Pre-Seed Funding To Scale

TechStars-Backed Insurtech Startup, MyCover.ai Receives $1.25M Pre-Seed Funding To Scale

MyCover.ai receives $1.25 million pre-seed funding to revolutionize the African insurance landscape.

Breaking: Starlink Goes Live In Kenya

Breaking: Starlink Goes Live In Kenya

In a groundbreaking move, Starlink, the pioneering satellite internet company, has officially launched its services in Kenya. This expansion into the East African powerhouse marks a significant milestone for Starlink's mission to provide reliable and accessible internet connectivity to remote and underserved areas worldwide. Starlink is now available

UAE's E-commerce Startup YallaHub Secures $6 Million In Pre-Series A Round

UAE's E-commerce Startup YallaHub Secures $6 Million In Pre-Series A Round

UAE-based marketplace aggregator YallaHub has secured a $6 million pre-Series A round. The new round was co-led by numerous MENA-focused private investors such Fedor Ovchinnikov, founder of Dodo Brands; Regolith, an ecosystem for financial and investment instruments, and others. The fresh funds will be geared towards improving the IT platform

UAE Mobility Startup ONE MOTO Technologies Raises $40 million In Lease Financing

UAE Mobility Startup ONE MOTO Technologies Raises $40 million In Lease Financing

UAE-based mobility startup, ONE MOTO Technologies has raised $40 million in lease financing to accelerate its offering of electric delivery vehicles in the UAE. The round was led by Pyse along with other prominent investors who value the potential of electric vehicle (EV) adoption in the rapidly growing delivery sector.

Justice For Twitter Africa Employees: Strengthening Labor Laws And Holding Companies Accountable

Justice For Twitter Africa Employees: Strengthening Labor Laws And Holding Companies Accountable

Growdash, UAE based restaurant startup secures $750,000 in pre-seed funding

Growdash, UAE based restaurant startup secures $750,000 in pre-seed funding

Growdash hyper-competitive, a UAE-based startup that empowers restaurants to build and execute profitable online growth strategies, today announced the closing of a US$750,000 pre-seed round of funding led by Flat6Labs. The round also included participation from Plus Venture Capital (+VC), Judah VC, TPN Investments as well as a

Pharmarun Wins ($10K) Pitch2Win 2023 Competition

Pharmarun Wins ($10K) Pitch2Win 2023 Competition

PharmaRun, a health-tech startup, has emerged as the winner of the third edition of the highly anticipated Pitch2Win competition, just over a year after being crowned as one of the winners in the Microsoft - GreenHouse Scale-Up Accelerator Program. This remarkable achievement grants the startup an equity-free investment of $10,

Twende Receives $33K From CIBAN To Address Employee Transportation Issues In Côte D'Ivoire

Twende Receives $33K From CIBAN To Address Employee Transportation Issues In Côte D'Ivoire

Twende, an innovative startup dedicated to transforming employee transportation solutions in Côte d'Ivoire, has received angel funding from the Côte d'Ivoire Business Angels Network (CIBAN). CIBAN, one of the country's leading angel investment networks, has invested $33,000 in Twende, recognizing the tremendous potential

Flapmax, Microsoft Invite Application For 2nd Cohort Of FAST Accelerator Program

Flapmax, Microsoft Invite Application For 2nd Cohort Of FAST Accelerator Program

Flapmax, a US-based Artificial Intelligence (AI) company and Microsoft have partnered to launch the second cohort of the FAST Accelerator program. This initiative aims to empower and fund the next wave of innovative startups and entrepreneurs across Africa. Following the resounding success of its inaugural edition, the FAST Accelerator 2023

Flutterwave Partners IATA To Empower Airlines with Seamless Payments Options

Flutterwave Partners IATA To Empower Airlines with Seamless Payments Options

Flutterwave has partnered with the International Air Transport Association to integrate its cutting-edge payment technology into IATA's Financial Gateway to enable Africans to conveniently purchase their flight tickets in their local currencies.

Bahraini Student Startup, Unipal, Secures $500,000 Follow-on Investment For Saudi Expansion

Bahraini Student Startup, Unipal, Secures $500,000 Follow-on Investment For Saudi Expansion

YC-Backed KASO Raises $10.5 Million and Launches F&B Fintech Vertical, Aiming to Reach $1 Billion GMV Target by 2024

YC-Backed KASO Raises $10.5 Million and Launches F&B Fintech Vertical, Aiming to Reach $1 Billion GMV Target by 2024

KASO, the leading B2B platform digitizing & automating procurement between restaurants and food suppliers in the Middle East, has announced it has raised $10.5 million in seed funding to fuel its mission of disrupting the food supply

Uber Partners Sety To Roll Out “Emergency Feature” For Its Nigerian Riders

Uber Partners Sety To Roll Out “Emergency Feature” For Its Nigerian Riders

Uber, the global ride-hailing company, has taken an important step toward ensuring the safety of its Nigerian riders and drivers with the introduction of two new features in partnership with Sety.

Apple Sets July 25th For Price Adjustments For In-App Purchases In Nigeria, Egypt, Others

Apple Sets July 25th For Price Adjustments For In-App Purchases In Nigeria, Egypt, Others

Apple has announced that it will be adjusting its pricing for apps and in-app purchases in Egypt, Tanzania, and Nigeria, starting from July 25th, 2023. These changes are expected to have an impact on both developers and consumers in these African markets. While Apple did not explicitly state whether the

UAE Healthtech Startup Alma Health Secures $10M Series A Funding

UAE Healthtech Startup Alma Health Secures $10M Series A Funding

UAE-based direct-to-patient digital healthcare company Alma Health has secured $10 million in a Series A funding. The round was co-led by Knuru Capital and Hambro Perks Oryx Fund. Other investors that participated in the round include: e& Capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures, while KCP Capital acted

Uganda's New Digital Tax Law: Implications On Nation’s Economy, Freedom Of Speech

Uganda's New Digital Tax Law: Implications On Nation’s Economy, Freedom Of Speech

Uganda passed new tax law to impose a 5% levy on income earned by foreign providers of digital communications services like Twitter, Netflix, and Facebook.

Visa Launches African Fintech Accelerator Programme

Visa Launches African Fintech Accelerator Programme

Visa has introduced a fresh initiative called the Africa Fintech Accelerator programme, which aims to support African startups by providing them with expertise, connections, technology, and investment funding. The initiation of the Africa Fintech Accelerator programme is a result of Visa's recent promise to dedicate US$1 billion

Acorn Fintech Secures Fund From Equity Capital EPT Tech Fund

Acorn Fintech Secures Fund From Equity Capital EPT Tech Fund

Acorn Fintech, a South African start-up has just received funds from EPT Tech Fund, a venture capital firm. The venture capital firm is focused on emerging start-ups in Africa, aiming to secure pre-seed funds. The announcement was made on Tuesday by Joanna Govender, CEO of EPT Tech Fund.

African Fintechs Gain Financial Backing From World Bank

African Fintechs Gain Financial Backing From World Bank

Through the Southern Africa Innovation Bridge Portal initiative, the World Bank has provided financial support to ten fintech start-ups. This initiative has created an opportunity for underserved communities, which are often seen as high-risk by investors, to access funding. Supported by the World Bank and Switzerland’s State Secretariat of

Parket Launches Its Operations In Johannesburg

Parket Launches Its Operations In Johannesburg

In South Africa, parking problems are widespread and affect both commercial and residential areas. The influx of residents and tourists in cities contributes to a shortage of parking spaces. Parket, a proptech start-up, has officially initiated its operations in Johannesburg, offering a solution to the city's parking challenges.

Flutterwave Launches Tuition For Seamless Overseas Education Fees Payments For Africans

Flutterwave Launches Tuition For Seamless Overseas Education Fees Payments For Africans

Flutterwave has unveiled Tuition for Africans to effortlessly settle various fees for educational institutions within Africa and overseas.

Nigeria's Propel Raises $2.7M Seed To Scale Talent Platform

Nigeria's Propel Raises $2.7M Seed To Scale Talent Platform

Nigerian HR tech startup, Propel has announced raising $2.7 million (€2.5 million) in seed funding.

Dubia-based refurbished-electronics startup, Revibe, raises $2.3m for expansion

Dubia-based refurbished-electronics startup, Revibe, raises $2.3m for expansion

Revibe, a Dubai-based refurbished-electronics startup, announced it has raised US$2.3 million in order to accelerate its growth within the US$6 billion refurbished consumer electronics market in the MENA region — which is expected to reach US$20 billion within the next decade.

Egyptian fintech Menthum raises pre-Seed funding

Egyptian fintech Menthum raises pre-Seed funding

Menthum was founded in 2021 by Himanshu Shrimali and Ismail Sarhank. This innovative digital platform serves both B2B and B2C customers, enabling them to invest in secure treasury bills (T-bills) through a reliable money market fund.