Egyptian fintech giant, Fawry, has announced Thursday its plan to raise EGP 800 million (~$50.9 million) in growth capital through a rights issue to existing shareholders.
In a statement,
Finclusion Group, a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series
Recently, African Tech-Startups have taken the center stage particularly in the area of access to funding. In 2021, African tech companies did unimaginable numbers by surpassing every prediction by experts
SweepSouth, an online home services platform backed by Naspers, has announced the acquisition of Filkhedma, an Egyptian home services startup.
Launched in 2014, SweepSouth is an online platform providing on-demand
South African Fintech startup Crossfin has been acquired by Ethos’ Mid-Market Fund I (EMMF I) and Patrice Motsepe’s African Rainbow Capital (ARC) in a deal worth $94.3m.
The
South African fintech startup, Paycode, has secured an undisclosed investment from one of Nigeria’s leading financial services providers, Investment One Financial Services Limited (Investment One). This deal was made
Zak Calisto, CEO, and Founder of Karooooo and Cartrack has acquired Cape Town-based on-demand logistics startup Picup Technologies for $4.8m. Picup Technologies was purchased for 70.1% by Karooooo
Nigerian fantasy sports company Fantastic.ng, has sealed a multimillion naira promotional partnership deal with Dutch conglomerate LambWeston, owners of the Poundo Potato brand in Nigeria.
Fantastic.ng was launched
Nigerian automotive tech startup Autochek has announced the acquisition of Cheki Kenya and Uganda from Ringier One Africa Media (ROAM) for an undisclosed amount.
The acquisition will enable Autochek’s
Uber Technologies has announced plans to acquire Transplace, a logistics company currently valued at $2.25-billion and owned by TPG Capital.
Transplace was created in 2000, with contributions from some
Invest In Africa (IIA) has announced a partnership with Vodafone Ghana to help local businesses improve their digital skills.
Invest In Africa was founded in 2012, the organization currently operates
Kenyan startup MarketForce has announced the acquisition of Digiduka to accelerate its services across Africa.
MarketForce was launched in 2018, the startup enables an end-to-end retail distribution to allow consumer
