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Innovate Africa Launches a $2.5M Angel Fund for Early-Stage Africa-Focused Startups
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Press Release

Innovate Africa Launches a $2.5M Angel Fund for Early-Stage Africa-Focused Startups

Jul 10, 2024 4 min read
MENA VC Funding Dips by Nearly Half to $882 Million in H1 2024
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MENA

MENA VC Funding Dips by Nearly Half to $882 Million in H1 2024

MENA startups witnessed a VC funding declined from $1.6 billion in H1 2023 to $882 million (-46%) in the first six months of 2024.
Jul 9, 2024 3 min read
UAE’s Agri-focused Fintech Maalexi Secures $1M Investment from Stride Ventures
Daily

UAE’s Agri-focused Fintech Maalexi Secures $1M Investment from Stride Ventures

Maalexi, a UAE-based fintech startup specializing in agriculture, has successfully raised $1 million in venture debt from Stride Ventures, an Indian venture debt firm. This investment marks a significant milestone for Stride Ventures' international strategy and highlights its broader commitment to the GCC region. The new funding will accelerate
Jul 9, 2024 2 min read
Revolutionizing International Travel for Africans: The Role of African TravelTech Startups
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Features

Revolutionizing International Travel for Africans: The Role of African TravelTech Startups

Jul 8, 2024 4 min read
EXITS MENA Expands into Saudi Arabia in a Strategic Move to Foster Regional Innovation and Growth
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New Analysis

EXITS MENA Expands into Saudi Arabia in a Strategic Move to Foster Regional Innovation and Growth

Jul 5, 2024 3 min read
India’s CoinDCX Acquires BitOasis to Tap into the MENA Crypto Market
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News Analysis

India’s CoinDCX Acquires BitOasis to Tap into the MENA Crypto Market

Jul 4, 2024 3 min read
African Tech Startups Face a Funding Winter: Analyzing the H1 2024 VC Landscape
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Features

African Tech Startups Face a Funding Winter: Analyzing the H1 2024 VC Landscape

The first half of 2024 has marked a challenging period for African tech startups, with venture capital (VC) funding hitting its lowest point since H2 2020, ($780 million) representing a 31% decline from the second half of 2023 and an even steeper 57% drop compared to H1 2023.
Jul 4, 2024 5 min read
Egypt’s El Kheta Secures $400k in Funding to expand online education opportunities in Egypt
Daily

Egypt’s El Kheta Secures $400k in Funding to expand online education opportunities in Egypt

Egypt-based edtech startup, El Kheta has secured $400k in funding from EdVentures, a strong supporter of Edutech startups in the MENA region. Founded in 2019, El Kheta provides a platform with tailored curricula for students, and the opportunity to create a personalized study plan that fits their schedule. EdVenutures, launched
Jul 4, 2024 1 min read
Colombian Fintech Startup Minka Expands into Africa, Signaling Growing Interest from Latin American Startups
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New Analysis

Colombian Fintech Startup Minka Expands into Africa, Signaling Growing Interest from Latin American Startups

Jul 3, 2024 2 min read
SNPIT Partners Astar Network to Transform Blockchain-Integrated Photography and NFT Marketplaces
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Press Release

SNPIT Partners Astar Network to Transform Blockchain-Integrated Photography and NFT Marketplaces

Jul 3, 2024 2 min read
UAE’s Lyvely Secures License from RAK DAO to Become MENA’s First-Ever Licensed SocialFi Platform
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Press Release

UAE’s Lyvely Secures License from RAK DAO to Become MENA’s First-Ever Licensed SocialFi Platform

Jul 2, 2024 3 min read
Saudi Edtech Jeel Secures Seven-Figure Seed Funding to Revolutionize Edutainment for Arab Youth
Daily

Saudi Edtech Jeel Secures Seven-Figure Seed Funding to Revolutionize Edutainment for Arab Youth

Jeelin , a trailblazer purposeful edutainment digital content for children, adolescents, parents, and educators in the MENA region, has announced the successful close of a seven-figure dollar seed funding round from Razm Investments alongside a consortium of angel investors. The startup will leverage this investment to boost its presence in the
Jul 2, 2024 2 min read
valU Closes 10th Securitized Bond Issuance at $25M, Marking a Milestone for Fintech in MENA
New Analysis

valU Closes 10th Securitized Bond Issuance at $25M, Marking a Milestone for Fintech in MENA

valU, a leading fintech startup in the Middle East and North Africa (MENA), has today announced the successful closing of its 10th securitized bond issuance, valued at $25 million (EGP 1.2 billion). This issuance is part of an extended securitization program worth EGP 9.0 billion and signifies a
Jul 1, 2024 3 min read
Meet Warwick Sneider, Helping South African Financial Brands Achieve Regulatory Compliance
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Daily

Meet Warwick Sneider, Helping South African Financial Brands Achieve Regulatory Compliance

Jun 28, 2024 2 min read
Saudi Ad Tech Startup Sweply Raises $2M in Seed Round to Accelerate Growth and Innovation
Daily

Saudi Ad Tech Startup Sweply Raises $2M in Seed Round to Accelerate Growth and Innovation

Sweply, a burgeoning ad tech startup based in Saudi Arabia, has successfully secured $2 million (7.5 million SAR) in a seed funding round with significant participation from Sanabil 500 Global and Salla. This investment marks a pivotal moment for Sweply as it aims to revolutionize digital advertising in the
Jun 27, 2024 2 min read
Smpl Holdings Launches a $10M Fund to Empower Tech and AI Startups Across MENA
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MENA

Smpl Holdings Launches a $10M Fund to Empower Tech and AI Startups Across MENA

Jun 26, 2024 3 min read
Comfi Secures $5M in Debt Funding to Revolutionize B2B Payments in the UAE, KSA
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MENA

Comfi Secures $5M in Debt Funding to Revolutionize B2B Payments in the UAE, KSA

Jun 25, 2024 2 min read
Egypt's Connect Money Secures $8M Seed Funding to Roll Out a One-Stop-Shop Embedded Finance Platform
Daily

Egypt's Connect Money Secures $8M Seed Funding to Roll Out a One-Stop-Shop Embedded Finance Platform

Connect Money, an Egyptian-based banking-as-a-service (BaaS) platform focusing on embedded finance services, has secured $8 million in seed funding co-led by Egypt-based VCs DisrupTech Ventures, Algebra Ventures, and Lorax Capital Partners, with participation from One Stop Capital and MDP. Founded early this year by Ayman Essawy, Wadi Jalil, and Abdelaziz
Jun 25, 2024 3 min read
Flutterwave Refocuses on Core Business, Restructures Workforce
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Daily

Flutterwave Refocuses on Core Business, Restructures Workforce

Jun 24, 2024 2 min read
NIBSS’s AfriGOPay Gets New Leadership to Live Up to Its Full Potential After Launching Over a Year Ago
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News Analysis

NIBSS’s AfriGOPay Gets New Leadership to Live Up to Its Full Potential After Launching Over a Year Ago

Jun 24, 2024 3 min read
French Breega Announces First Close of $75M Africa Fund to Back Early-Stage Startups
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News Analysis

French Breega Announces First Close of $75M Africa Fund to Back Early-Stage Startups

Jun 20, 2024 4 min read
Spotlight on Ampersand Amidst Strategic Partnership with BYD to Transform Africa’s Electric Motorcycle Market
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News Analysis

Spotlight on Ampersand Amidst Strategic Partnership with BYD to Transform Africa’s Electric Motorcycle Market

Jun 19, 2024 3 min read
Scan to Pay takes center stage in Spenda's Fintech Suite
Press Release

Scan to Pay takes center stage in Spenda's Fintech Suite

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked. It’s these individuals that payment service providers like Spenda are empowering through the use of innovative payment solutions that address the financial inclusion gap. In its latest move to do so, Spenda has integrated Scan
Jun 19, 2024 3 min read
Safaricom Partners with Pezesha to Bridge the Financing Gap for Kenyan SMEs
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New Analysis

Safaricom Partners with Pezesha to Bridge the Financing Gap for Kenyan SMEs

Jun 18, 2024 3 min read
Wilkins Avenue AR Unveils the First-Ever Immersive Musical in Spatial Computing: “Out There”
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Wilkins Avenue AR Unveils the First-Ever Immersive Musical in Spatial Computing: “Out There”

Jun 18, 2024 3 min read
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