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Shatablee Raises $1.2M to Disrupt Egypt’s Traditional Home Design Market

Shatablee Raises $1.2M to Disrupt Egypt’s Traditional Home Design Market

Egypt-based interior design and home renovation startup, Shatablee has announced it raised a $1.2 million funding round. The round will help scale its operations to optimize and fully digitize the interior finishing journey. Founded in 2021 by Moustafa Amer, Shatablee aims to transform the traditional home finishing process digitally.

Growing Interest in Emerging Technologies (Crypto and Web3) among Africans

Growing Interest in Emerging Technologies (Crypto and Web3) among Africans

The Web The World Wide Web (also called the web) celebrated its 30th anniversary with half of the world online in 2019. Overtime, the web has transformed the world and also widened humans’ scale. With web 1.0, the user’s role was primarily to read the information provided. The

Sudan’s 249Startups Hub launches “Rhino Investment” equity fund and Impact Acceleration Program for startups/SMEs in the country

Sudan’s 249Startups Hub launches “Rhino Investment” equity fund and Impact Acceleration Program for startups/SMEs in the country

Sudan-based innovation hub 249Startups Hub has announced the launch of an equity fund “Rhino Investments” to help fund 14 seed-stage startups and SMEs in the country. The hub would allocate $500,000 in capital and also launch an acceleration program to help these startups scale and grow their businesses through

Wattnow raises $1.3 million in pre-Series A round

Wattnow raises $1.3 million in pre-Series A round

Tunisia-based IoT energy management solution, Wattnow, has announced it closed a $1.3 million pre-Series A funding round. Katapult Climate and 216 Capital led the round. from Launch Africa Venture alongside Cross Boundary, Oman Technology Fund and a business angel from Saudi Arabia all participated in the round. Wattnow is

Okhi, Nigerian smart address start-up secures $1.5M seed extension to scale its service across Nigeria

Chapel Hill Denham

Okhi, Nigerian smart address start-up secures $1.5M seed extension to scale its service across Nigeria

OkHi, a Nigerian smart addressing start-up that eliminates the in-person verification of customers’ addresses by banks, fintech companies, and other businesses has secured $1.5 million in seed extension to scale its service across Nigeria. The round brings its total seed raise to $3 million. Chapel Hill Denham, Flutterwave’s

Ghanaian e-commerce startup Tendo has launched in Nigeria with backing from big name investors

Ghanaian e-commerce startup Tendo has launched in Nigeria with backing from big name investors

Ghanaian e-commerce platform Tendo has launched in Nigeria after securing investments from leading accelerators such as Catalyst Fund, Google, and Y Combinator. The startup, allows anyone to start an online business without upfront capital. Tendo connects small businesses and merchants to individuals who resell. This allows resellers to add their

Dream VC launches two fellowship programs to democratize knowledge and access to the Venture Capital Space in Africa

Dream VC launches two fellowship programs to democratize knowledge and access to the Venture Capital Space in Africa

Dream VC, an investor accelerator and community-driven educational platform has launched two fellowship programs – Launch into Venture Capital (LIVC) and Investor Accelerator – to train more than 50 future investors in Africa. Founded by Cindy Ai and Mark Kleyner in 2021, Dream VC provides rigorous remote programs centred specifically around venture

Mowarrid, Egypt-based B2B marketplace acquired by Saudi Arabia-based B2B e-commerce platform, Sary

Mowarrid, Egypt-based B2B marketplace acquired by Saudi Arabia-based B2B e-commerce platform, Sary

Mowarrid, an Egyptian leading B2B Marketplace which focuses on B2B food and grocery, allowing retailers to procure their needs across its platform digitally has been acquired by the Saudi Arabian-based B2B e-Commerce platform, Sary for an undisclosed amount. Last December, the start-up secured the biggest E-commerce funding round in Egypt

Dash Raises $32.8M in Seed Funding

Dash Raises $32.8M in Seed Funding

Ghana-based fintech Dash, has announced that it has raised $32.8 million in an oversubscribed seed round. The round, which comes after a $500,000 pre-seed, continues a list of fintech deals amid a wave of innovation rippling through the sector, which accounted for up to 60% of Africa’s

Egyptian logistics startup, Naqla, raises $10.5M in Pre-Series A Funding, to expand into other sectors

Egyptian logistics startup, Naqla, raises $10.5M in Pre-Series A Funding, to expand into other sectors

Egyptian logistics startup Naqla has raised $10.5 million in a pre-series A funding round to expand into other sectors. The round was led by prime investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family. Co-founded in 2017 by Sherif Taher, Naqla is transforming the

Egyptian Healthtech Chefaa Raises Undisclosed Investment

Egyptian Healthtech Chefaa Raises Undisclosed Investment

Egyptian patient-centred pharmacy benefits platform using AI to improve health services, Chefaa, has raised a funding round from Newtown Partners, Global Brain and GMS Capital Partners. The undisclosed round is part of Chefaa’s journey to further expand its network, support the release of its Chefaa Prime product, a complete

Vula Mobile, South African health-tech startup partners Novartis to provide seamless eye care services across Africa

Vula Mobile, South African health-tech startup partners Novartis to provide seamless eye care services across Africa

Vula Mobile, a South African health-tech startup, a medical referral app and online platform which hosts a network of health professionals and connects healthcare workers by providing a safe and secure platform to share advice has partnered with the leading medicines firm, Novartis to provide an improved eye care services

Rocket Health, Ugandan Health Start-up, raises $5M Series A Round to Scale across Africa

Rocket Health, Ugandan Health Start-up, raises $5M Series A Round to Scale across Africa

Rocket Health, a Ugandan health start-up that specializes in online medical consultation, collection of samples, and the delivery of medicines to Ugandans has today raised $5 million in Series A round. The round was led by Creadev; an evergreen investment firm backed by the Mulliez family, with participation from Grenfell

Ivorian health-tech startup Susu raises $2.2M in pre-seed funding to help Africans access quality health care

Ivorian health-tech startup Susu raises $2.2M in pre-seed funding to help Africans access quality health care

Ivorian health-tech startup Susu has raised €2 million ($2.2 million) in a pre-seed funding round with angel investors. Part of the funding was also raised as debt, and grant financing from BPI France, the French government’s public investment bank. Susu is a global health-tech startup that provides preventive

Kasha Global Bridge Funding round from Beyond Capital Ventures

Kasha Global Bridge Funding round from Beyond Capital Ventures

East Africa’s premier femtech retailer for high-quality, affordable health and personal care items, Kasha Global, has announced it secured a $300,000 Series A2 Bridge fundraising round from Beyond Capital Ventures, a new women-led impact venture capital business. Kasha was launched in 2016 by Amanda Arch and Joanna Bichsel.

Egyptian start-up, Homzmart, acquires Berlin-based technology company, MockUp Studio, expands into Europe

Egyptian start-up, Homzmart, acquires Berlin-based technology company, MockUp Studio, expands into Europe

Homzmart, an Egyptian-based start-up and leading furniture and home goods marketplace platform in the Northern Africa and the Middle East region announced its successful acquisition of the Berlin-based technology company, MockUp Studio to extend its consolidation of the furniture value chain and expansion into Europe. The acquisition confirms that Homzmart

Stax, a Pan-African Super App that Allows Transactions via Automated USSD Codes, Raises $2.2M in a Seed Round

Noemis Ventures

Stax, a Pan-African Super App that Allows Transactions via Automated USSD Codes, Raises $2.2M in a Seed Round

Stax, a firm that uses automated USSD codes to allow Africans to buy airtime, send and request money, and move payments between accounts has secured a $2.2 million initial extension round. World Within Ventures and Noemis Ventures, both headquartered in the United States, lead the seed extension round, and

Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Kouncel Secures $1.2M Pre-Seed Funding Round from Zaldi Capital

Egypt-based online legal education platform, Kouncel, has secured $1.2 million pre-Seed round. The whole cash raised will be divided into two parts: $280,000 in banknotes and the remainder in in-kind services. The round was led by Zaldi Capital. The African Development Bank (AFDB), the Academy for Scientific Research

Nigerian fintech startup Sudo Africa raises $3.7M in pre-seed funding to expand into other African markets

Nigerian fintech startup Sudo Africa raises $3.7M in pre-seed funding to expand into other African markets

Nigerian financial service startup Sudo Africa has secured $3.7 million in pre-seed funding. Sudo Africa is a card issuing API platform, that enables developers and businesses to issue physical and virtual cards instantly. The pre-seed round was led by U. S-based Global Founders Capital (GFC) and had participating, Picus

Emerging markets neobank Canza Finance raises $3.27 million in seed funding

Emerging markets neobank Canza Finance raises $3.27 million in seed funding

Canza Finance, an emerging markets neobank that is building the world’s largest non-institutional-based financial system, announced the completion of its $3.27M seed round. The funding round was led by Fenbushi Capital. Dominance Ventures, Bixin Ventures, Consensys, Protocol Labs, Emergo Ventures, MEXC Global, NGC Ventures, XanPool, Hashkey, the founders

Mumerz raises $1.2 million for Regional Expansion

Mumerz raises $1.2 million for Regional Expansion

Egypt-based e-commerce platform offering products for mothers, soon-to-be mothers and children Mumerz, has raised $1.2 million in a pre-Seed round led by Disruptech, a local venture capital firm. The startup was co-founded in 2021 by Amir Shenouda and Nadia Gamal El Din, to address the information, advising, and product

South African Crypto Exchange, VALR raises $50M in Series B funding round to expand across Africa

South African Crypto Exchange, VALR raises $50M in Series B funding round to expand across Africa

VALR, a cryptocurrency exchange based in South Africa, has raised $50 million in a Series B round to help it expand across the continent. This is the largest fundraising round ever by an African cryptocurrency company. VALR’s valuation now stands at $240 million, more than ten times what it

Paga announces official launch in Ethiopia following regulatory approval

Paga announces official launch in Ethiopia following regulatory approval

Leading African fintech company, Paga, has announced its official launch in Ethiopia following the receipt of regulatory approval by the National Bank of Ethiopia. In a statement, Paga explained that the launch was in partnership with the Bank of Abyssinia, a leading lender in the Horn of Africa country. Paga

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Salary on-demand startup, Cadana, partners with Flutterwave to expand into Nigeria

Cadana, a salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company. Cadana helps businesses delight their employees by providing modern payroll platforms that allow employees access to their earned salary on-demand, anytime, anywhere. Following this partnership, Flutterwave processes payments

Kenyan retail startup Cartnshop raises $400k in angel funding to expand operations

Kenyan retail startup Cartnshop raises $400k in angel funding to expand operations

Kenyan e-commerce startup Cartnshop has raised $400,000 in its first funding round to accelerate commercialization operations in the coming months. Cartnshop is a tech-enabled platform that allows retail businesses in Africa to expand their sales, using online sales channels. Cartnshop uses a SaaS model to enable African SMEs to