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Maltento Secures $3.3m For Insect-based Feed Solution

Maltento Secures $3.3m For Insect-based Feed Solution

Maltento, a biotech startup in Cape Town South Africa, has successfully raised $3.3 million in seed funding from Sand River Venture Capital. The company's primary focus is on discovering and utilizing the beneficial compounds found in insect-based feed solutions. This investment represents a major achievement for Maltento
Jun 12, 2023 2 min read
A Dive Into  Turkey's Vibrant Gaming Industry
Features

A Dive Into Turkey's Vibrant Gaming Industry

Turkey has been making significant progress in the gaming industry in recent years. The industry continues to evolve and expand, driven by talented developers, a growing market, and increasing government support. The country has seen a growing number of game developers, studios, and events that contribute to the overall gaming
Jun 12, 2023 3 min read
Venture Forward Awards Scholarship To 40 Underrepresented Aspiring VCs
Venture Capital

Venture Forward Awards Scholarship To 40 Underrepresented Aspiring VCs

Venture Forward, recently awarded scholarships to 40 recipients as part of the VC University Cohort 13 class. The scholarship comes with full tuition, dedicated house hours, and 3months of a curated mentorship program. According to the organization, the scholarship recipients were competitively selected from hundreds of candidates who went through
Jun 12, 2023 1 min read
The VC Funding Gap: Why Northern Nigerian Start-Ups Are Being Left Behind -Surayyah Ahmed
Features Featured

The VC Funding Gap: Why Northern Nigerian Start-Ups Are Being Left Behind -Surayyah Ahmed

Nigeria’s startup ecosystem is booming, with a growing number of innovative companies emerging across the country. However, there is a stark divide between startups in the northern and southern regions of Nigeria when it comes to securing venture capital (VC) funding. Northern Nigerian startups are being left behind, and
Jun 11, 2023 5 min read
The Ouut's Highlight Of The Week
African tech startups Featured

The Ouut's Highlight Of The Week

This week, The Ouut highlights events that kept the ecosystem talking. Catch up on all you missed this week.
Jun 10, 2023 2 min read
Google Launches Accelerator For Cleantech In Middle East, Africa
Press Release

Google Launches Accelerator For Cleantech In Middle East, Africa

Google has announced the launch of Google for Startups Accelerator: Climate Change. This 10-week, equity-free program is specifically designed for Seed to Series A startups that are working hard to tackle Climate Change with technology. This amazing opportunity is being offered in partnership with Google Cloud and is specifically targeted
Jun 9, 2023 1 min read
Saudi's B2B Autobia Secures Seed Funding For Service  Expansion
Funding

Saudi's B2B Autobia Secures Seed Funding For Service Expansion

Saudi-Arabia-based business-to-business (B2B) platform Autobia has secured $2.5 million in a seed funding round. The investment was led by Sadu Capital and received participation from Wa’ed Ventures by Aramco, Raz Holding, Techstars, and a group of angel investors. The latest investment will enable Autobia to expand within Saudi
Jun 8, 2023 2 min read
World Environment Day: Meet Nadeera, The Startup Making Recycling Easy
Features

World Environment Day: Meet Nadeera, The Startup Making Recycling Easy

As the world celebrates Environment Day, sustaining the environment to address climate change remains a priority. However,  technology startups are not left out of the game, today the Ouut spotlights, Nadeera, a Middle East startup digitising the recycling of solid waste. World Environment Day is an annual event observed on
Jun 8, 2023 3 min read
Dream VC Introduces  Its 2023 Cohort of “Launch into VC”
Daily

Dream VC Introduces Its 2023 Cohort of “Launch into VC”

Dream VC is thrilled to announce the latest group of fellows for its highly anticipated Launch into VC (LIVC) program. This program serves as an intensive crash course for aspiring junior professionals and graduates aiming to enter the African venture capital landscape.   With an impressive track record, over 85% of
Jun 7, 2023 2 min read
Why FSD Africa Backs Africa Climate Ventures with $1.2M
News Analysis

Why FSD Africa Backs Africa Climate Ventures with $1.2M

FSD Africa Investments (FSDAi) has invested $1.2 million in Africa Climate Ventures (ACV), a visionary venture builder dedicated to combating climate change while tapping into the continent's immense potential for carbon markets. This investment sets the stage for ACV to build a $45 million portfolio of climate-positive
Jun 7, 2023 3 min read
LemFi Partners Pesa Swap to Boost Kenya's Remittance Volume
Daily

LemFi Partners Pesa Swap to Boost Kenya's Remittance Volume

Kenya has long been a hub for remittances, with its citizens residing overseas sending substantial amounts of money back home. Giving Egypt and Nigeria a hot pursuit for the number one spot. To further strengthen this vital source of income, LemFi, an African cross-border money transfer platform, has partnered with
Jun 7, 2023 2 min read
UAE's Floral Marketplace Floranow Fully Buys Saudi's Flower Distributor Bloomax
New Analysis

UAE's Floral Marketplace Floranow Fully Buys Saudi's Flower Distributor Bloomax

Floranow, a UAE-based B2B floral marketplace has fully bought Saudi Arabia’s fresh flower distributor Bloomax. The startup bought 100 percent shares of Bloomax, with the transaction funded by both debt and equity. With this acquisition, Floranow will now have a direct presence in nine KSA cities, expanding its current
Jun 6, 2023 2 min read
African Startups Still in Existential Battle as Mara, Chipper Lays Off Again
Features

African Startups Still in Existential Battle as Mara, Chipper Lays Off Again

In the constantly evolving landscape of African startups, two prominent players, Mara and Chipper Cash, have recently faced tumultuous times marked by multiple rounds of layoffs. These layoffs have raised concerns and cast doubt on the future of these once-promising tech startups. As the African startup ecosystem matures, the challenges
Jun 6, 2023 2 min read
Helium Health Raises $30M Series B Round To Scale Its HeliumCredit
Funding

Helium Health Raises $30M Series B Round To Scale Its HeliumCredit

Helium Health has raised $30 million in a Series B funding round led by AXA IM Alts, in a ground-breaking development for Nigerian health tech. This investment will accelerate the growth and reach of their fintech product, HeliumCredit, as well as cement their position as trailblazers in advancing universal health
Jun 6, 2023 2 min read
London-based Unlimit Enters Another African Market, Receives Kenyan Payments Licence
Daily

London-based Unlimit Enters Another African Market, Receives Kenyan Payments Licence

Unlimit, one of the leading global fintech companies has received a license from the Central Bank of Kenya to roll out its payments services in the country. This comes barely a week after the payment giant which recently rebranded from “Unlimint” to Unlimit received a similar license from the Central
Jun 6, 2023 2 min read
How East African Startups Snatches 64.6% of Africa's VCs Funding in May
Features

How East African Startups Snatches 64.6% of Africa's VCs Funding in May

Over the past few years, East Africa has emerged as a formidable contender for the title of Africa's technology headquarters. With Nairobi, the capital of Kenya, often referred to as the African Silicon Valley, the region's tech ecosystem has been thriving. The numbers speak for themselves,
Jun 5, 2023 3 min read
SC Women in Tech Awards $50,000 to 3 Female-led Startups in Saudi Arabia
Funding

SC Women in Tech Awards $50,000 to 3 Female-led Startups in Saudi Arabia

The Standard Chartered Women in Tech program initiated by Saudi's Falak Investment Hub has awarded $50,000 in equity-free cash prizes to three female-led startups in Saudi Arabia. The startup that won the first-place is Sahm taking home $25,000, second place went to Nqoodlet winning $15,000
Jun 5, 2023 2 min read
Nigeria’s Nearpays Wins Big at Gitex Africa Tech Conference
Daily

Nigeria’s Nearpays Wins Big at Gitex Africa Tech Conference

Nigerian fintech startup, Nearpays has emerged as the overall winner of the highly coveted Fintech and Blockchain Technology category at the Gitex Africa tech conference. The startup, which provides a comprehensive financial payment platform, clinched the $10,000 prize by outperforming the fierce competition in the Supernova Challenge held in
Jun 5, 2023 2 min read
The Empowerment Of MENA's Ecosystem Via Arabization
Features

The Empowerment Of MENA's Ecosystem Via Arabization

Arabization, also known as the Arabization of technology or the localization of technology, refers to the process of adapting and translating technological products and services into the Arabic language. Localization also considers translating and adapting software interfaces, documentation, and content into the local language. This involves not only translating words
Jun 2, 2023 2 min read
Impacts of Fuel Subsidy Removal on the Nigerian Tech Startups
Features

Impacts of Fuel Subsidy Removal on the Nigerian Tech Startups

Nigeria, a country known for its thriving tech ecosystem and the growing number of startups, is currently facing a major challenge. The government’s recent removal of fuel subsidy has resulted in soaring fuel prices from the official pump price of $0.40 (185 naira) to $1.18 (550 naira)
Jun 2, 2023 4 min read
WhiteBIT, One of Europe’s Leading Crypto Exhanges Expands to Nigeria
New Analysis

WhiteBIT, One of Europe’s Leading Crypto Exhanges Expands to Nigeria

WhiteBIT, one of Europe’s leading cryptocurrency exchanges, has made its official debut in Nigeria, marking a significant milestone in its global expansion efforts. With a steadfast commitment to security, liquidity, speed of execution, and user-friendly trading tools, WhiteBIT is poised to revolutionise the cryptocurrency landscape in Nigeria. Also, the
Jun 2, 2023 2 min read
Yellow Card Partners Tether to Drive Stablecoin Education, Adoption Among African Youth
Crypto

Yellow Card Partners Tether to Drive Stablecoin Education, Adoption Among African Youth

Yellow Card and Tether, two prominent players in the cryptocurrency industry, have announced the successful completion of Phase 1 of their partnership in three key African markets. Over a period of two months, the partnership focused on raising awareness, providing education, and driving the adoption of USD₮, Tether’s stablecoin,
Jun 1, 2023 2 min read
Egypt's Fintech Giant Fawry Partners With Infobip
Daily

Egypt's Fintech Giant Fawry Partners With Infobip

Egypt’s leading payments Fawry has entered a partnership with global cloud communications platform, Infobip to enable payments through META channels. The new deal offers Fawry’s users a seamless payment experience while giving Infobip access to the Egyptian market. The partnership will see Fawry leverage Infobip’s omnichannel solutions
Jun 1, 2023 2 min read
Mawdoo3 Partners with UAE-based Ad-tech, ArabyAds, For Media Growth
Daily

Mawdoo3 Partners with UAE-based Ad-tech, ArabyAds, For Media Growth

Jordan Arabic Content Publisher, Mawdoo3, has partnered with global ad-tech company ArabyAds and its publisher monetisation platform, ThePubverse. The partnership will enable ArabyAds to be Mawdoo3’s media representative,  bringing on board the advertiser base of ArabyAds and ThePubverse. Since its establishment in 2010, Mawdoo3 boasts of having more than
Jun 1, 2023 2 min read
Google Startups Growth Academy Invites African Healthtech Startups To AI for Health Programme
AI for Health

Google Startups Growth Academy Invites African Healthtech Startups To AI for Health Programme

Google for Startups Growth Academy has announced the start of its programme, AI for Health. A hybrid programme dedicated to supporting and accelerating the growth of startups, using artificial intelligence (AI) and machine learning (ML) technology to develop tech solutions in the healthcare and wellness industry, thereby improving the health
Jun 1, 2023 2 min read
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