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Egypt’s Fintech Firm, ValU Partners FAS Labs to Extend its Offerings to the Saudi Market

Arabian Centers Company

Egypt’s Fintech Firm, ValU Partners FAS Labs to Extend its Offerings to the Saudi Market

valU, Egypt’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, has expanded its digital financial solutions to customers in the Kingdom of Saudi Arabia through a partnership with FAS Labs, which is owned by Fawaz Abdulaziz Alhokair Co. (Alhokair) and Arabian Centers Company (ACC). FAS Labs

Nigeria’s Indicina Secures $3M from Target Global to Help Lenders Give Credit to their Customers

Nigeria’s Indicina Secures $3M from Target Global to Help Lenders Give Credit to their Customers

Nigeria-based fintech startup, Indicina which uses data to solve the loan eligibility challenge for lenders has secured $3 million in Target Global-led seed round to expand into new markets in Africa, reinforce its key product offerings, build more products for consumers’ credit recommendation, and bolster its infrastructure. Yvonne Johnson launched

African Politics Should Prioritize Tech Development

African Politics Should Prioritize Tech Development

African politics has always been characterized with pseudo promises. Adopting democracy accords the citizens of a state necessary relevance and power to hold elected officials accountable for failed promises. In navigating the affairs that strengthens Africa’s grip on the global tech pie, politics must offer more. This goes beyond

Egypt's Bus-hailing Startup, SWVL Shut Down Operations in Kenya and Pakistan Amidst Planned Layoff

Egypt's Bus-hailing Startup, SWVL Shut Down Operations in Kenya and Pakistan Amidst Planned Layoff

Swvl, an Egyptian bus-hailing startup has announced the suspension of its daily and city-to-city services in Kenya and Pakistan effecting from today. SWVL Daly, City-City, and Business-Business are the three services provided by the shared mobility startup in the countries. While SWVL Daly was created for intra-city rides in the

Kenya's Safaricom Partners Visa to Launch M-Pesa Virtual Visa Card for Global Digital payments

Kenya's Safaricom Partners Visa to Launch M-Pesa Virtual Visa Card for Global Digital payments

Safaricom, East Africa’s biggest telecommunication company and operator of the M-Pesa mobile money product, and Visa, one of the world’s major card payment companies, have announced the launch of a virtual card that allows M-Pesa customers to make digital transactions globally. The long-awaited M-Pesa GlobalPay Visa virtual card

Constant Ventures launches $100M fund to invest in West African Startups

venture capital

Constant Ventures launches $100M fund to invest in West African Startups

Constant Ventures, a part of the Constant Group is raising a $100 million venture capital fund to invest across a range of technology start-ups with a focus on financial inclusion, education and healthcare. Investee companies will initially be located across Nigeria and Ghana, with the fund set to target the

Nigeria's Tech Mobility Startup, DriveMe Raises Undisclosed Fund to Expand Across Nigeria

Nigeria's Tech Mobility Startup, DriveMe Raises Undisclosed Fund to Expand Across Nigeria

DriveMe, a Nigeria-based technology-enabled mobility startup that provides access to verified and professional drivers; through a one-stop platform aggregating product and service providers within the mobility space across Africa has today announced that It has raised an undisclosed amount in pre-seed funding round for product development and expansion across Nigeria.

Maisha Meds Hits 1,000 Active Facilities, Expands to Nigeria

Maisha Meds Hits 1,000 Active Facilities, Expands to Nigeria

Kenyan-based digital pharmacy network, Maisha Meds, has reached 1,000 active facilities, making it one of the largest digital pharmacy networks in Sub-Saharan Africa. Founded in 2017 with operations across Kenya, Uganda, Tanzania, Zambia and more recently Nigeria, Maisha Meds provides a business management software and reimbursement programs for pharmacies,

Egypt's Appetito Acquires Lamma, Becomes Africa's Largest E-Commerce Platform by Market Size

Egypt's Appetito Acquires Lamma, Becomes Africa's Largest E-Commerce Platform by Market Size

Appetito, Egypt’s Quick-Commerce platform that delivers groceries and household products to customers from 11 dark stores in three Egyptian cities, is acquiring Lamma, another Q-Commerce platform that operates in the Maghreb regions of Tunisia and Morocco, for an undisclosed sum in a deal that is expected to close by

SA's Leading Calling App, Talk360 Secures $4M Seed Round to Expand Across Africa

SA's Leading Calling App, Talk360 Secures $4M Seed Round to Expand Across Africa

Talk360, a leading Voice over Internet Protocol (VoIP) player in Africa, which enables people to make international calls through its app for a fee, has secured $4 million in a HAVAÍC-led seed funding round. Some angel investors like Gaston Aussems (ex-Mollie), Robert Kraal (ex-Adyen), Gabriel de Montessuss (President WorldPay International)

AIMS Ghana Collaborates with Google to Strengthen Research in Africa

Artificial Intelligence

AIMS Ghana Collaborates with Google to Strengthen Research in Africa

The African Institute of Mathematical Sciences – Ghana (AIMS Ghana) and Google Research have signed a Masters Sponsored Research Agreement (MSRA) to push the boundaries of scientific research in areas of specialty such as artificial intelligence. The agreement will strengthen AIMS and Google’s existing partnership as part of their continued

2 months after going public, SWVL lays off 32% of its workforce

2 months after going public, SWVL lays off 32% of its workforce

Egypt born but Dubai based mobility startup SWVL has announced plans to reduce its workforce by 32 percent. The company said the process is part of a portfolio optimization program that will enhance efficiency and reduce central costs to accelerate its path to profitability to turn cash flow positive in

SA’s fintech startup, Finclusion Group secures undisclosed funding from Egypt’s CASF

Cairo Angels Syndicate Fund

SA’s fintech startup, Finclusion Group secures undisclosed funding from Egypt’s CASF

South African-based fintech startup, Finclusion Group has today secured an undisclosed amount of funding from the Egypt-based micro VC fund, the Cairo Angels Syndicate Fund (CASF) for further expansion. Timothy Guy co-founded Finclusion Group with his co-founder and co-CEO Tonderai Mutesva in 2019 as an African-focused fintech platform building out

What Should Africans Expect from Starlink?

What Should Africans Expect from Starlink?

In view of the global digitization dominance, internet access should not be considered a luxury anymore. Digital inclusion is a key enabler of efficient financial inclusion and effective e-commerce services. Mobile technology has advanced rapidly in Sub-Saharan Africa, but internet access has not. Internet penetration in Africa is 18%, which

Ayoken, NFT Marketplace for Creatives Secures $1.4m to help Creatives earn more through Digital Collectibles

Ayoken, NFT Marketplace for Creatives Secures $1.4m to help Creatives earn more through Digital Collectibles

Ayoken, a Non-Fungible Token (NFT) marketplace for creatives, has secured $1.4 million in a pre-Series A round led by Founders Factory Africa, Yepxas-based Kon Ventures, Europe-based venture capital collective Crypto League, Ghana-based R9C Ventures, and Maximus Ventures to help creatives grow their revenue streams through digital collectibles. Joshua King,

B2B retail marketplace, BetaStore secures $2.5M to help informal retailers in West and Central Africa

B2B retail marketplace, BetaStore secures $2.5M to help informal retailers in West and Central Africa

Nigerian-based B2B retail marketplace for informal retailers, BetaStore has secured $2.5 Million in a pre-series A round led by 500 Global, with participation from VestedWorld, and Loyal VC to solve stock-outs and financing challenges for informal retailers in West and Central Africa. BetaStore allows informal traders to source fast-moving

Africa’s Disrupt Story: What’s up Somalia?

Africa’s Disrupt Story: What’s up Somalia?

The development of tech is a matter of primary concern for the future development of any economy. Tech has promoted not only research, but also the expansion of related training facilities at all levels. For Somalia’s underdeveloped economy, growing in this light should be a priority in order to

Musk’s Starlink gets a nod to operate in Nigeria and Mozambique

Nigerian Communication Commission

Musk’s Starlink gets a nod to operate in Nigeria and Mozambique

Starlink which is powered by SpaceX whose experience in building rockets and spacecraft was deployed to build the world’s most advanced broadband internet system that provides high-speed, low-latency broadband internet across the globe, has received approval to launch its service in Nigeria and Mozambique. The CEO of the company

Zimbabwean FlexID Secures Funding to Provide Decentralized Digital ID for unbanked Africans

Algorand Foundation

Zimbabwean FlexID Secures Funding to Provide Decentralized Digital ID for unbanked Africans

FlexId Technologies (formerly FlexFinTx), a Zimbabwean digital identity startup has signed a Simple Agreement For Equity (SAFE) of an undisclosed amount with the Algorand Foundation, to further develop and scale its Self Sovereign Identity (SSI) platform for the unbanked Africans. The blockchain-enabled identity startup plans to make its decentralized digital

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

Tunisia-based Venture Capital firm, 216 Capital Ventures has secured $6.4 million through subscription from Smart Capital, the management company of the ANAVA Fund -whose Fund of Funds has a target size of about $200M, and aims to invest in more than 13+ startups at each stage of development (Seed

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

Mastercard Partners Travel Platform, Musafir venture to boost seamless travel bookings across MENA

The world’s leading card payment company, Mastercard, has announced its partnership with the travel website, Musafir to digitize end-to-end payment flows and launch new innovative payment products with attractive travel benefits to both consumers and corporates in the Middle East and North African region. As the travel industry continues

Moroccan freight Startup, CloudFret Secures $1M Funding to scale across two continents

Moroccan freight Startup, CloudFret Secures $1M Funding to scale across two continents

CloudFret, a Moroccan-based freight startup that uses artificial intelligence to optimize truck transportation by tracking the movement of empty cargo trucks and linking them with loaders has secured a $1 million funding round to scale further in the European and African markets. The startup, which was founded by Driss Jabar

Egypt's Healthtech Startup, Esaal raises $1.7M Seed Round to Scale across MENA

Egypt's Healthtech Startup, Esaal raises $1.7M Seed Round to Scale across MENA

Egypt-based healthtech startup, Esaal, whose service cuts across physical health consultation, mental health, nutrition, and a range of others has raised a $1.7 million seed investment from A15, -its sole investor- to invest in product and brand development, hire more talent as well as scale its offerings across the

How Egyptian SWVL is Spreading its Tentacles in the Global Mobility Space

How Egyptian SWVL is Spreading its Tentacles in the Global Mobility Space

The past decade has seen mobility and logistic startups improve on safety, performance, and sustainability measures. These improvements have seen improved user-satisfaction as startups try to meet the growing demand for flexible mobility options. Although e-commerce has driven a majority of these demands, one cannot overemphasize the efforts these mobility

The World's Largest Ride-Sharing Company, Uber Celebrates one billionth Ride Milestone in Africa

The World's Largest Ride-Sharing Company, Uber Celebrates one billionth Ride Milestone in Africa

Uber Technologies Inc., the world’s largest ride-sharing company announced that it has achieved a billion trips in Africa since entering the market less than 10 years ago. According to the mobility company, over 10 billion kilometers of trips have been completed, and “this is equivalent to traveling to the