UAE-based recruitment startup, RemotePass has rolled out a new physical debit card that would facilitate payments for remote workers. The new service will enable remote workers who are active on RemotePass to receive instant payments at no cost while eliminating delays involved with international transfers. Co-founder and CEO of RemotePass,

The term “agritech” refers to technological advancements and innovations used in agricultural processes to boost output while requiring fewer inputs and improve agricultural practices. Agritech’s tangible applications include faster agricultural equipment, better crops, and digital supply chain monitoring. Africa’s changing environment and expanding population may benefit from these

An Israeli-based startup, Entrio, has secured funding of $7.5 million to grow its IT asset management platform. The funding round was led by Communitas Capital Partners. Other investors that supported the funding round are BNY Mellon, Vintage Investment Partners, and Alicorn Venture Partners. This new investment will support Entrio

A $14 million (R250 million) financing facility has been secured by Paymenow, a market-leading Earned Wage Access (EWA) platform, through Rand Merchant Bank (RMB), creating a structure unique to the EWA industry in South Africa. The startup made this known through its LinkedIn handle. Through its ownership of shares in

To grow its presence in South Africa and beyond, TROOP, a creator of corporate meeting technology and services, announced it had raised $11 million (about R201 million) in Series B funding. By 2023, TROOP wants to triple the number of employees it has, and by 2025, it wants to have

German energy company, Juwi Renewable Energies announced today that the 84 MW Wolf Wind Farm in the Eastern Cape had reached financial close. Juwi claims that work has begun on the facility and that it will start producing electricity for the South African grid by the first quarter of 2024.

Egyptian VC firm Acasia Ventures has participated in the $1 million Seed round secured by the Lagos-based last-mile delivery platform Fez Delivery. The investment round was led by Nigeria’s discovery fund Ventures Platform, however, the amount Acasia invested was undisclosed. Acasia Ventures General Partner, Biola Alabi said, “Fez has

Startups are leading the way in Africa’s industry 4.0. The region is experiencing  a transition buoyed by the many new startups building on artificial intelligence (AI) decision-optimization software. African startups have been able to take advantage of artificial intelligence (AI) and machine learning, which can recognize which business

Ramp, an international start-up in decision science with its headquarters in the UK, has secured a $5 million seed investment round. The business was established in 2018 to give the large majority of companies who still rely on spreadsheets for financial modeling an alternative. AlbionVC led the seed fundraising round,

In order to democratize access to the African venture capital arena, the Africa Chamber of Digital Commerce (ACOFDC) and Dream VC have announced their strategic ecosystem partnership. The goal of the new partnership between the ACOFDC and Dream VC is to engage, educate, and upskill the African diaspora as a

Botswana’s Aeronautical Solutions has created the nation’s first unmanned aerial vehicle (UAV) for use in anti-poaching drills as well as for security and surveillance needs. The drone project, funded by the Botswana Innovation Fund (BIF), is a partnership between Aeronautical Solution and the partners and network of the

Eagle Towers, the portfolio division of Infra Impact Investment Managers, a South African infrastructure investment company, has secured over $5million (ZAR 100 million) loan facility that will be utilized to support the business’s expansion objectives. The Prescient Infrastructure Debt Fund of Prescient Investment Management provided the lending facility. Eagle

The Wahala Continues Expectedly, this year began in similar fashion as Q4 2022. The inability of the global economy to handle financial and social inefficiencies has created a devastating wahala in the tech ecosystem. Before we continue, here is a cool definition of “wahala”: an African word commonly used in

Tkyr, a Saudi digital platform for food delivery, raised a US$ 4 million fund in a Pre-Series A round led by a Saudi food company,  Food Square. Other investors participating in the round include; Ittihad Al-Khalidiyah, Haif, and Mateen Food. Founded in 2021, Tkyr provides an application that connects customers

Innovators in the green technology sector in Africa are urged to submit applications for the Green Innovation Hubs (GiH) incubation initiative. The program is intended to provide innovative enterprises with the chance to develop their operations through specialized mentorship, funding, and networking opportunities in industries like renewable energy, water, food,

Stitch, a payments infrastructure firm based in South Africa, has increased the scope of its services to offer end-to-end payment services (PSP). A system for orchestrating and reconciling payments called PayOS as well as card and debit order pay-ins were all introduced before this breakthrough. With flexibility and customizability, Stitch’