Startup

A collection of 438 posts

Startup

Moroccan Eyewear eCommerce Startup LNKO Secures $335k Funding

Moroccan eyewear eCommerce startup LNKO has announced it received a $335k investment from CDG Invest. LNKO was founded by Maha Bennani in 2020, the startup is a direct-to-consumer (D2C) eyewear company that offers excellent glasses directly to customers. Note that LNKO has benefited from close support as part of the

Startup

Moroccan Fintech Startup Mosaiclab raises $225k for Konta

Moroccan Fintech startup MosaicLab has announced it raised $225k for Konta, an invoice processing software. MosaicLab, based in Casablanca, unveiled Konta, an invoice-to-pay automation platform driven entirely by Moroccan artificial intelligence (AI) technology. Konta was unveiled by Mosaiclab as an AI driven payment platform. Konta is focused on using it’

Startup

South Africa’s Fintech startup Bloofold launches Alternative Payments rail

In its bid to provide an easier and cheaper payment method, Johannesburg-based Fintech startup Bloofold has announced it’s rolling out an alternative payments rail for spaza shops and tavern owners. Bloofold was founded in 2017 by Thabang Kekana and is based in South Africa, the startup is focused on

Startup

Egyptian Healthtech startup Yodawy raises $7.5m Series B funding round

Egyptian Healthtech startup Yodawy has announced it raised a $7.5m Series B funding round as it bids to expand its service delivery across Africa. The round was led by Middle East Venture Partners, Global Ventures, and Algebra Ventures, with the participation of CVentures, P1 Ventures, and Athaal Angel Investors

Startup

South Africa’s Healthtech Startup iNNOHEALTH raises 7-figure seed Capital

South African Healthtech startup iNNOHEALTH has announced it secured an undisclosed seven-figure seed investment from an unnamed Hong Kong-based VC firm as it hopes to expand its service quality and delivery. iNNOHEALTH was founded in 2020 by medical doctors Chad Marthinussen and Wade Palmer and chartered accountant Abdul Malick Salie,

Startup

South Africa’s Mineworkers Investment Company launches $10.5m for Early-stage Startups

Johannesburg-based Mineworkers Investment Company (MIC) has announced the launch of MIC the Khulisani Ventures, a $10.5m early-stage investment targeted at local startups with innovative and high-growth capabilities. The MIC was established in 1995 by the Mineworkers Investment Trust (MIT) to create is a Black-owned Investment Company focused on providing

Startup

Ada Animation closes Pre-seed Funding to develop African Content

Ada Labs Africa’s entertainment Tech startup Ada Animation has announced it raised an undisclosed pre-seed capital from Nigeria’s venture capital firm Platform through its technology vehicle, Unicorn Group. Ada Animation was founded in 2020, with the aim of building capacity in Nigeria’s animation industry, tell animated African

Startup

Kenyan B2B eCommerce Startup, MarketForce, raises $2m pre-Series A Funding

Kenya’s eCommerce startup MarketForce has announced it raised $2m to focus on its business-to-business (B2B) retail marketplace. P1 Ventures, Y Combinator, Launch Africa, V8 Capital, Future Africa, GreenHouse Capital, Rebel Fund, Remapped Ventures, and other unnamed investors all participated in the round. MarketForce is an end-to-end retail distribution platform

Startup

Moroccan Spend Management Startup Konta Raises $223k

Moroccan B2B startup Konta has announced it raised $223k from the Southbridge A&I and Axxam Family Office’s investment company. Konta, a B2B spend management startup established, developed, and sponsored by Mosaic lab, has positioned itself as a pioneering SaaS solution for the digital management of supplier expenditure

Startup

Senegalese Fintech Startup InTouch Secures Funding

Senegalese-based aggregator of financial solutions and digital services InTouch has announced it raised an undisclosed amount of fund from the CFAO company, alongside Mobility54, TotalEnergies and Worldline, InTouch’s two long-term partners, also reaffirmed their commitment to the pan-African company with the transaction. InTouch was founded by Omar Cissé. The

Startup

9 African Startups Selected for Y Combinator Summer 21 batch

Nine African startups have been selected to take part in the Silicon Valley-based Y Combinator S21 batch accelerator, receiving $125,000 each in seed funding as well as further investment opportunities at a demo day in September. Of the nine selected startups, Nigeria and Egypt lead the way with three

Startup

Ghanaian Agribusiness Startup Green Gold Farms, raise $1.6million in funding

Ghana-based Agritech startup Green Gold Farms has announced it raised $1.6m in a funding round from Absa Bank Ghana, Diaspora Capital, Channel Ventures, EPMT Fund, and other early-stage seed investors. Green Gold Farms is an Agribusiness tech startup that aims at adopting modern or advanced technological practices in areas

Business

Vodafone Ghana Teams up with Invest in Africa to Provide Digital Skills of Ghanaian SMEs

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 in five African countries (Ghana, Kenya, Senegal, Zambia, and Mauritania), assisting startups through training and improved access to finance. The

Startup

Edtech Startup Microverse raises $12.5m Series A Funding

San Francisco-based Edtech startup Microverse has announced it raised $12.5m in a Series A round. The round was led by Northzone, a global tech VC firm. Business angels, leading startups from Europe, Africa, and Latin America, and other existing investors also participated in the round. Microverse was founded by

Startup

South African eCommerce Startup Dis-Chem launches its delivery service, DeliverD

Pharmacy and beauty retailer Dis-Chem has announced the launch of its new 60-minute delivery service, DeliverD. The service will be the fourth on-demand delivery offering by a major retailer since Checkers first launched its Sixty60 app in November 2019. DeliverD will first accommodate a limited range of front-shop products during

Startup

Global eCommerce startup WooCommerce’s Partners with Paystack for Payments in Africa

Global eCommerce startup WooCommerce has selected Nigeria’s Paystack as its preferred payment partner in Africa. The partnership will WooCommerce’s merchants to accept payments via Paystack. Since its acquisition by Stripe in October 2020, Paystack has expanded into the South African market and now operates in three African countries.

Startup

Nigerian Cleantech Startup, OneWattSolar Issues ₦10b bond

Nigeria’s Cleantech startup providing off-grid renewable energy OneWattSolar has announced it issuing a $24m bond to deploy clean energy across Africa. The bond issuance was led by Comercio Partners, a Lagos-based investment bank, and supported by Nigerian Shari’ah complaint fund manager, Marble Capital Limited. OneWattSolar was created by

Startup

Kenyan eCommerce Startup, Copia Global, Expands to Uganda

Having established its presence in the eCommerce space in Kenya, Kenyan eCommerce startup, Copia Global, has announced its expansion into Uganda. Copia Global was founded by Tracey Turner. The startup’s unique platform uses agents to carry out commercial activities. Customers intending to make purchases visit an agent with a

Startup

South African Lifestyle Startup Brown and Ayo raises $276k funding from Enygma Ventures

South African haircare startup Brown and Ayo have announced it raised $276k in funding from female-focused VC firm Enygma Ventures. Brown and Ayo were founded in 2019 by Acanda Jaswa, as a hair brand focused on inspiring natural hairstyles and trends for black women in South Africa. The startup has

Startup

Flutterwave makes Y Combinator’s 40 most valuable Private Companies

Six months after its previous publication, US seed-stage accelerator Y Combinator (YC) released its YC Top Companies list which contains startups valued at over $150m or more, featuring 163 companies, with 6 of them being public and 157 private companies. The publication also revealed that private companies valued at over

Startup

Nigerian Fintech startup Fairmoney raises $42million Series B

Nigerian micro-lending Fintech startup, Fairmoney has announced it raised $42m in a Series B funding round led by  US hedge fund and investment firm Tiger Global. Existing investors that participated in the round include – partners of DST, Flourish Ventures, Newfund, and Speedinvest. With an active presence in Nigeria and India,

Startup

Nigerian Fintech Startup PayHippo raises $1 million pre-seed

Nigerian Fintech startup PayHippo has announced it raised $1m in a pre-seed funding round to help scale its business. Ventures Platform, Future Africa, Launch Africa, Sherpa Ventures, Hustle Fund and Mercy Corps Ventures all participated in the round. PayHippo was co-founded by the trio of Chioma Okotcha who’s the

Startup

Egyptian e-Commerce Startup Odiggo expands to UAE

Egyptian e-Commerce automotive spare parts startup Odiggo has announced its expansion to the United Arab Emirates (UAE) having clocked up to one million users over the course of last year. Odiggo was created in 2018 by Ahmed Omar but launched its service in 2019, the startup links customers with vendors

Startup

Moroccan Fintech Startup Yalla Xash Raises $675k

Yalla Xash has announced it raised a $675k investment from Maroc Numeric Fund II as it bids to expand across Africa. Founded by Emir Lallouche and Cedric Tamavond in the year 2017, Yalla Xash is a Fintech startup that focuses on money transfers between North America and Africa. The startup

Startup

Malagasy Edtech startup Sayna raises Funding to Scale

Malagasy Edtech startup Sayna has announced it secured an undisclosed round of funding to help it expand access and launch new products. The funding was secured from I&P Acceleration Technologies, a program dedicated to African digital startups led by Investisseurs & Partenaires (I&P), and Miarakap, an