(Page 42)

Sign in Subscribe

Turkey Foodtech Startup Bundle Kitchen Secures $1.25 Million in Seed Round for Expansion

Turkey Foodtech Startup Bundle Kitchen Secures $1.25 Million in Seed Round for Expansion

Turkey-based Foodtech Startup Bundle Kitchen has secured a $1.25 million seed round from Nuwa Capital, alongside participation from Turkish VC fund Kybele Investment. Bundle Kitchen will leverage this to develop the tech architecture and expand across the region. Founded in 2020, Bundle Kitchen is a leading multi-brand virtual food

Why African Startups Must See Funding as a Means Rather than an End

Why African Startups Must See Funding as a Means Rather than an End

Securing funding is a significant achievement worthy of recognition, but it should be viewed as the starting point rather than the end goal. The actions taken after obtaining investments are more crucial than the funds raised. The growth of internet access has led to a thriving startup ecosystem in Africa.

SA Fintech, TymeBank Raises $77.8M from Norrsken22 and Blue Earth Capital

SA Fintech, TymeBank Raises $77.8M from Norrsken22 and Blue Earth Capital

TymeBank, a digital banking platform based in South Africa, has successfully raised $77.8 million in a pre-Series C funding round. Norrsken22 and Blue Earth Capital took the lead in the funding round, with a focus on African markets and impact investments. Tencent was also part of the investors and

V2Techs Plans to Disrupt Power Generation using Remora Motor

V2Techs Plans to Disrupt Power Generation using Remora Motor

Electricity production and distribution have taken a new turn as V2Techs changes the narrative. The cleantech start-up is revolutionizing power generation with its innovative electromagnetic combo motor. This motor was named “Remora” after the fish that attaches itself to larger marine animals. Remora has the potential to be a game-changer

Unyte Africa Partners AXA Mansard to Provide Innovative Insurance Services to Africans

Unyte Africa Partners AXA Mansard to Provide Innovative Insurance Services to Africans

The insurance industry is still at various developing stages in many countries across Africa. According to data from Statista, the industry represents less than three per cent of insured catastrophe losses worldwide. Regardless, it is home to almost 18 per cent of the global population. Despite the low levels of

PayTabs Partners Egypt's FlapKap to Support E-commerce Growth in UAE

PayTabs Partners Egypt's FlapKap to Support E-commerce Growth in UAE

Payment solutions provider PayTabs has entered into a partnership with revenue-based financing platform FlapKap to support the growth of UAE e-commerce. The partnership will enable UAE-based small and medium-sized e-commerce firms (SMEs), webpreneurs, and PayTabs entrepreneurs to swiftly and seamlessly get finance offers. Through the collaboration, more SME companies will

ARM Labs Invite Applications for its Innovation Programme 5.0

accelerator programme

ARM Labs Invite Applications for its Innovation Programme 5.0

ARM Labs has announced the commencement of applications for the fifth edition of its Innovation Programme. As a prominent investment firm in Nigeria, ARM is dedicated to bolstering the growth and advancement of the country’s startup ecosystem. Also, the ARM Labs Innovation Programme is an intensive support initiative that

Israeli Cybersecurity Startup Entro Secures $ 6 Million in Seed Funding

Israeli Cybersecurity Startup Entro Secures $ 6 Million in Seed Funding

Israeli cybersecurity startup Entro has secured $6 million in Seed funding led by StageOne Ventures and Hyperwise Ventures and some Angel investors. The Angel investors include the founder of Trusteer and Transmit Security, Rakesh Loonkar, Mickey Boodaei, founder of Imperva, and Amichai Shulman, founder of Imperva and AirEye Founded in

Deal Source Africa Platform to bridge the $331 billion funding gap in Africa

Deal Source Africa Platform to bridge the $331 billion funding gap in Africa

The Deal Source Africa program was officially introduced during the West Africa Deal Summit in Accra. Its primary aim is to establish connections between African businesses and investors, deal advisors, as well as African Impact Funds and investors. The program aims to address the funding gap of $331 billion that

SA SME Fund raises Over $30m above it's Target for VC Fund of Funds

SA SME Fund raises Over $30m above it's Target for VC Fund of Funds

The SA SME Fund, which brings together government and business to stimulate economic growth has secured over $30m (R600 million) Venture Capital Fund. The standalone investment vehicle is pleased to announce that this amount exceeds the fund’s initial target of R500 million. The VC FoF’s appeal to institutional

Leveraging African Fintech Growth for Financial Inclusion

Financial Inclusion

Leveraging African Fintech Growth for Financial Inclusion

Africa’s fintech sector has held a commanding lead on all fronts in recent years. Despite taking a significant hit from the global VC downturn in 2022, it remains the most backed sector on the continent, receiving 38 per cent of total investment for the year, according to Briter Bridges.

Egypt’s Fintech, Paymob, Obtains Certification To Operate In Saudi Arabia

Egypt’s Fintech, Paymob, Obtains Certification To Operate In Saudi Arabia

Middle East, North Africa and Pakistan’s (MENAP’s) fast-growing fintech startup, Paymob has obtained Saudi Arabia’s Payment Technical Services Provider (PTSP) certification to fully operate in the Kingdom of Saudi Arabia. This development allows Paymob to provide its seamless, secure payment gateway services to merchants in KSA. In

Digital Birth and Death Registration Via eCRVS: Empowering Nigeria's Tech Sector & Boosting the Economy

digital birth and death register

Digital Birth and Death Registration Via eCRVS: Empowering Nigeria's Tech Sector & Boosting the Economy

Stewart Brand, a renowned American writer, once said, “Once a new technology rolls over you, if you’re not part of the steamroller, you’re part of the road.” True to it, in order to be prominently featured in the current tech revolution, the respective African governments have in recent

Saudi Furniture Marketplace Baytonia Closes First Seed Round

Saudi Furniture Marketplace Baytonia Closes First Seed Round

Saudi-based online furniture marketplace Baytonia has closed its first seed round spearheaded by Khwarizmi Ventures with participation from angel investors. However, the amount of funding was not disclosed. The startup will use the fresh funding to develop its customer experience and service and expand its high-quality product offerings across the

MasterCard Partners FCMB to Roll out Contactless Tap-on-Phone Payment Service in Nigeria

MasterCard Partners FCMB to Roll out Contactless Tap-on-Phone Payment Service in Nigeria

Mastercard has partnered with First City Monument Bank (FCMB) and Netplus to introduce a contactless payment service called Tap-on-Phone in Nigeria. This innovative technology revolutionises how consumers, merchants, and financial institutions process payments by enabling seamless transactions without needing physical contact with a device at the Point-of-Sale (POS). It enables

Why Grey Sites its East African Hub in Kenya

East African hub

Why Grey Sites its East African Hub in Kenya

Grey, a Nigerian fintech startup has sited its East African hub in Kenya in its quest to expand operations in the region. The YC-backed startup has now joined Flutterwave, its fellow compatriot who recently chose Kenya as its East African regional headquarter. This is rather a strategic move by these

A Glimpse Of Jordan's Digitization Efforts So Far

A Glimpse Of Jordan's Digitization Efforts So Far

Jordan is one of the smallest countries in the Middle East yet making significant strides towards becoming a digitized country. Even though there is little report about the nation’s tech ecosystem, the Information Communications and Technology (ICT) sector in Jordan is among the fastest growing sectors in the economy,

uLesson's Miva Open University Approval: A Catalyst for Nigerian Educational Sector Transformation

uLesson's Miva Open University Approval: A Catalyst for Nigerian Educational Sector Transformation

uLesson, a Nigerian edtech giant, has recently announced its foray into the tertiary education sector having been granted an Open Distance eLearning License for Miva Open University. The license, awarded by the Federal Executive Council (FEC) following a recommendation from the National Universities Commission (NUC) presents a significant opportunity to

The Emerging Trend of Climate-tech Startups in Africa

The Emerging Trend of Climate-tech Startups in Africa

Climate change is a serious issue that is impacting numerous lives globally. Warmer temperatures, sea level rise and extreme weather have already led to damaged property and critical infrastructure. In addition, the well-being and economic sectors, including agriculture, forestry, fisheries, and tourism, have suffered adverse consequences. All these have led

SA Cybersecurity Company, Port443 Secures Undisclosed Funding for Expansion

SA Cybersecurity Company, Port443 Secures Undisclosed Funding for Expansion

Tech start-ups have varying focuses, with some serving consumers directly and others specializing in providing services for the systems that serve consumers. Port443, a South African cybersecurity company offering such services, recently received undisclosed funding from Iziko2.0 and RMB Ventures. Port443 specializes in security automation and integrations, offering software

UAE's LegalTech Clara Secures Investment From Plug and Play

UAE's LegalTech Clara Secures Investment From Plug and Play

UAE-founded legaltech startup Clara has secured an undisclosed investment from the global innovation platform, Plug and Play. In addition to the investment, the legal tech startup has entered a partnership to provide access to its range of products to startup founders in Plug and Play’s ecosystem. Founded in 2018,

Plug and Play Reinvests On Morocco-Based B2B E-commerce Startup Chari

Plug and Play Reinvests On Morocco-Based B2B E-commerce Startup Chari

Plug and Play has invested a second round in the Moroccan e-commerce platform, Chari. However, the amount invested was not disclosed. The commitment in Chari forms part of Plug and Play’s inaugural cohort in Morocco in collaboration with the Mohammed VI Polytechnic University and Startgate. Chari is an e-commerce

Gricd Rebrands As ‘Figorr,’ Receives $1.5M From Atlantica Ventures-Led Seed Round

Atlantica Ventures

Gricd Rebrands As ‘Figorr,’ Receives $1.5M From Atlantica Ventures-Led Seed Round

Figorr, formerly Gricd, has successfully secured $1.5 million in seed funding to expand its operations across Africa. The funding round was led by Atlantica Ventures, with participation from Vested World, Jaza Rift, and Katapult. This significant investment will allow Figorr to develop new solutions that streamline the insurance process

SA, Insuretech, Root Expands its operations to the UK

SA, Insuretech, Root Expands its operations to the UK

Cape-town based Insurtech has decided to spread its roots across continental borders. Root has selected the UK as its next destination for offering digitized insurance services. The company is looking to grow and establish a presence in other parts of the world. The insurtech company has a team of 50

MBZUAI Enters Partnership with OurCrowd Arabia

MBZUAI Enters Partnership with OurCrowd Arabia

The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has entered a partnership with Israeli VC fund OurCrowd, to promote the growth of the university’s AI technology ecosystem. The Memorandum of Understanding (MOU) will create an AI-focused VC fund to attract local and global AI technology startups