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TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, B2B marketplace acquires Ghanaian-based Green Lion to drive expansion across Ghana

TradeDepot, a leading B2B eCommerce platform that connects micro-retailers with distributors and manufacturers of fast-moving consumer goods (FMCGs), has announced the acquisition of Green Lion, a fast-growing B2B eCommerce platform in Ghana, for an undisclosed sum. This will help the company expand and provide seamless service delivery. TradeDeport will acquire

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egyptian logistics startup, OneOrder secures $1M funding from A15

Egypt-based logistics startup, OneOrder, has successfully raised $1 million in a fundraising round to resolve supply chain inefficiencies for restaurants in Egypt. VC firm A15 led the fundraising round. OneOrder is a tech-enabled supplier and wholesale distributor platform covering the supply chain and distribution for HORECA, i.e., hotels, restaurants,

Kenyan fintech startup, Credrails secures seed funding to revolutionize financial infrastructure in Africa

Kenyan fintech startup, Credrails secures seed funding to revolutionize financial infrastructure in Africa

Kenyan financial infrastructure startup Credrails will close a deal worth $2.5 million in a seed funding round to connect Africa to its API. The seed funding round was led by Softbank Group Corp. and participated in Unicorn Growth Capital, Precursor Ventures, and Samos Investments. Credrails delivers the infrastructure to

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce raises $40 M Series A to launch BNPL merchant stock financing, expand across Africa

Marketforce, a Kenya-based retail B2B and end-to-end distribution network, has raised $40 million in Series A funding to help finance merchant inventories and expand across Africa. Ten13 VC, SOSV Select Fund, Vu Ventures, Vastly Valuable Ventures, and Uncovered Fund were among the investors in the round, led by V8 Capital

Avidea Insurance raises $696,000 for Expansion

Avidea Insurance raises $696,000 for Expansion

Tunisian digital insurance startup, Avidea, has announced it raised $696k in a Pre-Series A funding round to hire more talent, expand the product’s functional scope, and expand to new markets. The investment round was led by Capsa Capital Partners, a private equity firm and vehicle 216 Capital Fund. Avidea

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Fawry partners other tech founders to establish ‘Roaderz’, a last mile delivery for SMEs

Leading Egyptian e-payment solution provider, Fawry, has announced that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found Roaderz, a tech-enabled crowdsourcing platform to connect individual couriers and small delivery operations with e-commerce merchants and social sellers. Roaderz, through AI, would allow merchants to

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant gets nod from the Kenyan Central Bank to operate in the country

Cellulant, a Payment Service Provider has gotten the approval of the Central Bank of Kenya to expand its payments services for businesses, banks, and consumers in the East African country. With this approval, Cellulant will continue to allow businesses to collect payments online and offline, while allowing anyone to pay

Africa’s Tech Savvy Youths and the 4IR

Africa’s Tech Savvy Youths and the 4IR

Key players and Features of previous industrial revolutions In discussing Africa’s Tech Savvy Youths and the 4IR, it is important to ascertain its development. At the traditional stage, the world was not tech savvy. Western Europe was characterized by a subsistent, agricultural based economy, with intensive labor and low

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Emmanuel Uduebholo

Nigerian start-up, Meeula launches smart business card for effective networking among professionals

Meeula, a Nigerian start-up has launched a smart lead-generating business card to aid corporate professionals, entrepreneurs, and business executives to effectively network. Meeula was founded in May last year by Emmanuel Uduebholo to ease the stress of moving around with a paper business card by the executive. Meeeula allows its

South African startup, Zindi raise $1 M to outsource data scientists to global companies

South African startup, Zindi raise $1 M to outsource data scientists to global companies

South African startup Zindi, has secured $1 million in a seed funding round to aid the expansion of its network of data scientists. The seed funding round had four investors, with Shakti Capital taking the lead, and had Launch Africa, Founders Factory Africa, and Five35 Ventures participating. Zindi is a

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Flutterwave Secures $250m Series D, Becomes the most valuable tech startup in Africa

Pan African fintech startup, Flutterwave has announced that it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest valued African startup with this investment.

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Morocco’s Freterium raises $4M to expand its freight trucking software across MENA

Freterium, a Morocco-based startup that digitalizes freight trucking through its software, has raised a $4 million seed round to expand across the country and the Middle East and North African region. The funding round was led by San Francisco-based investor, Partech with participation from CDG Invest, Y Combinator, Flexport, Swiss

Nigerian fintech startup, Earnipay, raises $4M in seed funding to offer on-demand salaries to employees in Africa

Nigerian fintech startup, Earnipay, raises $4M in seed funding to offer on-demand salaries to employees in Africa

Nigerian fintech startup, Earnipay, has raised $4 million in seed funding to provide salary solutions to employees. The seed round was led by venture capital firm Canaan, with participation from XYZ Ventures, Voltron Capital, Ventures Platform, and Paystack CEO Shola Akinlade. Earnipay is a fintech solution that offers a start

VC Corner: the best startup founders are the ones willing to grind, think outside of the box – Eunice Ajim

VC Corner: the best startup founders are the ones willing to grind, think outside of the box – Eunice Ajim

In 2021, African startups raised over $4 billion in venture capital, with seven tech startups becoming unicorns, a meteoric rise from 2019 and 2020. This success for startups became a precursor for more funding activities by VC firms. Despite the huge capital that came into the continent, only two early-stage

Nigerian agency banking startup, CrowdForce raises $3.6M to boost access to cash for underserved communities

Aruwa Capital Management

Nigerian agency banking startup, CrowdForce raises $3.6M to boost access to cash for underserved communities

Abuja-based startup, CrowdForce, a Y Combinator-backed agency banking platform, has today raised a $3.6 million Pre-Series A funding round to triple its PayForce agent network this year and deepen its financial service offerings to underserved Nigerian communities. The equity-and-debt round was led by Aruwa Capital Management with participation from

Africa’s Disrupt Story: The Case of Fintech Startups in Nigeria

Africa’s Disrupt Story: The Case of Fintech Startups in Nigeria

Disrupt During the 1940s polyvinyl chloride became common, hence the name “vinyl”. Vinyl records were the bomb. The tech informed the process of video/audio recording and video/audio casting through the 20th century. It was laughable when Lou Ottens decided to shrink large disks into a more efficient pocket

Egyptian e-commerce startup, Wasla, raises $9M from Contact, plans regional expansion

Contact Financial Holding

Egyptian e-commerce startup, Wasla, raises $9M from Contact, plans regional expansion

Egyptian e-commerce startup, Wasla has raised $9 million from Contact Financial Holding, an Egyptian non-bank that offers consumer finance service. The e-commerce startup is currently preparing to launch new online shopping capabilities including BNPL financing, a new online payment option and regional expansion. Wasla has before this founding received $1.

YC-backed Pharmtech, Remedial Health raises $1M pre-seed fund to stem fake drugs in Africa

Global Ventures

YC-backed Pharmtech, Remedial Health raises $1M pre-seed fund to stem fake drugs in Africa

Remedial Health has today announced it has secured $1 million in pre-seed funding to digitize pharmacies and standardize pharmaceuticals in a bid to stem the supply of fake and substandard drugs in Africa. The pre-seed round was co-led by UAE based Global Ventures, and Nigerian based VC firm, Ventures Platform,

South African API fintech startup, Stitch, closes $21m Series A funding round

South African API fintech startup, Stitch, closes $21m Series A funding round

African API fintech startup, Stitch, has announced the close of a $21 million Series A funding round to enhance its product offering and expand across Africa. This comes after the South African startup emerged from stealth with a $4 million raise early last year and a further $2 million seed

Why Mdundo is targeting more Telco partnership across Africa

Why Mdundo is targeting more Telco partnership across Africa

Mdundo, a music streaming service focused on Africa, is looking to expand its agreements with telecom service providers across the continent to boost its earnings and subscriber base. This expansion is due to collaborations with MTN and Airtel in Nigeria and Vodacom in Tanzania, which doubled its user base by

Excel@Uni Secures $314k to Help SA Students Through College

Excel@Uni Secures $314k to Help SA Students Through College

South African Edtech startup, Excel@Uni, has announced it raised $314k from impact investor E Squared to address the challenges that higher education faces. Excel@Uni was launched in 2018 by Lungelo Linda Gumede to support students through college by connecting them with exceptionally dedicated tutors. Tutors undergo a rigorous

Kenyan plastics recycling company, Mr. Green Africa, secures funding to scale its business across Africa

Kenyan plastics recycling company, Mr. Green Africa, secures funding to scale its business across Africa

Mr. Green Africa, a Kenyan plastics recycling pioneer company, is a circular recycling business that uses a technology-driven plastics collection model. The model enables waste collection at the source, integrating informal waste workers, micro-entrepreneurs, and consumers into a formal value chain. The plastic recycling company has secured an undisclosed amount

Mecho Autotech gets $2.15M to expand vehicle maintenance

Mecho Autotech gets $2.15M to expand vehicle maintenance

Nigerian vehicle repair and maintenance startup Mecho Autotech has raised $2.15M in a seed funding round to expand its capacities and acquire more customers. Investors in the round included Future Africa, Hoaq Capital, Cathexis Ventures, V8 Capital, Silver Squid, Tekedia Capital, and the round was oversubscribed by over 300%

Senegalese retail-tech startup ProXalys raises $150k pre-seed funding from Haskè Ventures

Senegalese retail-tech startup ProXalys raises $150k pre-seed funding from Haskè Ventures

Senegalese B2B Ecommerce platform for FMCG products, ProXalys, has raised $150k in pre-seed funding to expand across the country and, later, the West African region. Haskè Ventures, a venture builder based in Dakar and focused on transforming the startup landscape led the investment round. ProXalys was founded in 2021 by

Carscan is Disrupting Africa’s Auto-tech Space through Thermography

Carscan is Disrupting Africa’s Auto-tech Space through Thermography

About Carscan If you have an insurance company and are looking for an area where it will receive as most patronage, Africa should do. Being one of the world’s hot regions for insurance due to its underdeveloped insurance sector, Insurtech is accelerating insurance inclusion in Africa by creating disruptors