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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

Swiss-based Crypto Valley VC launches Fund for African Blockchain Startups

Swiss-based Crypto Valley VC launches Fund for African Blockchain Startups

Crypto Valley Venture Capital (CVVC), a Switzerland-based VC firm has launched an Africa-focused early-stage fund to back blockchain startups in the continent. This was disclosed by the investor on Monday at the Blockchain Hub adjacent to the World Economic Forum in Davos, Switzerland. CV VC is an early-stage venture capital

AMP Global, Blockchain Entertainment Company secures $5.6M to scale its play-to-watch service

AMP Global, Blockchain Entertainment Company secures $5.6M to scale its play-to-watch service

AMP Global Technologies, a blockchain-enabled video entertainment platform, has secured a $5.6 million seed round. The seed funding which are of two parts, $3 million from friends, family, and angel investors, and $2.6 million from venture capitalists will be used to scale its play-to-watch service to more users.

Understanding the Metaverse: How Africans can leverage information to benefit from the Metaverse

Understanding the Metaverse: How Africans can leverage information to benefit from the Metaverse

The significance of the Metaverse’s knowledge cannot be over-emphasized. With the rapid increase in the blockchain technology adoption in finance, gaming, entertainment, and several other areas, it has become a necessity to benefit from this emerging technology. The Metaverse is simply a virtual world where people live, work, shop,

4 Ways Using Tech in HR Can Help Reduce Your Costs

4 Ways Using Tech in HR Can Help Reduce Your Costs

The first thought that comes to my mind when I think about including tech in HR is how much it will cost. It is obvious that tech in HR is a huge investment but how much are you willing to spend to cut your costs? The HR department was once

SA's Edtech, Foondamate secures $2 million to scale its AI-powered learning chatbot

Artificial Intelligence

SA's Edtech, Foondamate secures $2 million to scale its AI-powered learning chatbot

South African-based edtech startup, FoondaMate has secured $2 million in LocalGlobe-led funding round to scale its WhatsApp and Facebook-based learning Chabot to students across the globe. The startup’s first backer XX accelerator also participated in the round, alongside investors like Emerge Education, Odunayo Eweniyi of FirstCheckAfrica, and Iyin Aboyeji

The Next Wave. Is Africa Ready? Issue of Rising Interest Rates

The Next Wave. Is Africa Ready? Issue of Rising Interest Rates

Interest rate has scared Africans and African businesses. Even innovators have not been spared. With the nest wave around, African governments cannot afford to sleep on this. The state of interest rate greatly reflects the economic situation of any country or region. Interest rate greatly reflects the trajectory of an

Sylndr, Egypt's used automobile marketplace secures $12.6M pre-seed to scale

Algebra Ventures

Sylndr, Egypt's used automobile marketplace secures $12.6M pre-seed to scale

Sylndr, an Egyptian used automobile marketplace, has raised $12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and various regional and global angel investors. This is the region’s and Sub-Saharan Africa’s highest investment in

S.A's CSIR Develops App to assist pupils with Reading and Listening Skills

S.A's CSIR Develops App to assist pupils with Reading and Listening Skills

South Africa’s Council for Scientific and Industrial Research (CSIR), a world-class African research and development organization that undertakes directed, multidisciplinary research and technological innovation that contributes to the improved quality of life of South Africans has developed an application to help children with their reading, and listening skills and

5 Ways to Reduce Your Recruitment Costs Without Compromising the Quality of Your Hires

5 Ways to Reduce Your Recruitment Costs Without Compromising the Quality of Your Hires

Technology is consistently evolving and helping individuals from numerous industries perform their work faster and better. These technological advancements also have an impact on how people are hired. Recruitment is one of the most expensive operating costs of any business. An employer’s objective is to find ways to cut

MTN NG’s fintech subsidiary, MoMo PBS Ltd Formally kickoff Operations in Nigeria

MTN NG’s fintech subsidiary, MoMo PBS Ltd Formally kickoff Operations in Nigeria

YESTERDAY, the MTN Group announced that MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB), has formally kicked off its operations in Nigeria. The official commencement of operation comes at the heels of the company’s successful pilot test launched on 16 May 2022 in commemoration of its

Eversend seeks funding for expansion after growing transaction volumes by 46-fold

Eversend seeks funding for expansion after growing transaction volumes by 46-fold

Pan-African money transfer startup, Eversend has disclosed plans to raise additional capital in the coming weeks after growing transaction volumes 46-fold last year to $232 million. The jump in transaction volumes results from the company switching its focus from Africans remitting money home to cross-border businesses and cryptocurrency traders, said

Kenya’s aquaculture startup, Victory Farms raises $5M to expand into three new markets in Africa

aquaculture tech startup

Kenya’s aquaculture startup, Victory Farms raises $5M to expand into three new markets in Africa

Kenyan’s aquaculture tech startup, Victory Farms which deals in tilapia fish and run hatcheries, nursery ponds, and deep-water cages, announced today that it had raised $5 million in Ed Brakeman, a senior managing director at Bain Capital, and Hans den Bieman, founder and ex-CEO of Mowi-led investment round. This

Mastercard and OPay announce strategic partnership to boost digital inclusion

Mastercard and OPay announce strategic partnership to boost digital inclusion

Mastercard and fintech giant OPay has announced a strategic partnership that will open up digital commerce to millions of people across the Middle East and Africa. This partnership which marks a significant boost for wider financial inclusion and economic prosperity will see OPay consumers and merchants in the region – including

The Next Wave, Is Africa Ready? GDP Concerns

The Next Wave, Is Africa Ready? GDP Concerns

The next wave is here, and the positives incubated in it are already being felt across sectors. The region cannot get carried away by the miniature successes it has experienced so far. There are real economic concerns stemming from years of unsolved economic shocks the region has experienced. Gross Domestic

American Tech giant, Oracle opens its first African R&D Lab in Morocco

American Tech giant, Oracle opens its first African R&D Lab in Morocco

Oracle, the world’s largest database management company, has announced the opening of a new facility of its Oracle Labs in Casablanca’s Casanearshore Park in the Kingdom of Morocco. Oracle’s first lab in Africa results from the collaboration between the company and its Moroccan partners – the Moroccan government

Autochek acquires Morocco's Kifal Auto as it expands to North Africa

Autochek acquires Morocco's Kifal Auto as it expands to North Africa

In a play that will see it expand to North Africa, digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount. KIFAL was founded in 2019 by Nizar Abdalaoui Maane. The company is among the leading auto marketplaces in Morocco, one of Africa’s largest

How YC-backed Nigerian Startup, Identitypass, is Bridging the Identity Verification Gap in Africa

How YC-backed Nigerian Startup, Identitypass, is Bridging the Identity Verification Gap in Africa

Verification of users has become more necessary with the development of digital businesses globally. The most basic use of this tool is to offer or engage users based on verified personal information. This approach to customer acquisition forms the core of YC-backed Nigerian startup, Identitypass. Identitypass was founded in January

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

In sub-Saharan Africa, 90% of retail is informal, highly inefficient and characterised by layers of intermediaries. To curb this, Twiga, a B2B ecommerce startup is launching Twiga Fresh, a new subsidiary, through which it will farm and distribute its own agricultural produce to traders. The Kenyan startup says it has