South African developer of enterprise software engineering solutions Stone Three, has raised an undisclosed amount of funding from Knife Capital as it bids to expand. Stone Three was launched in 2000. The startup has since become a leading industry 4.0 solution business, combining expert services with the power of

Nigeria-based Insurtech startup providing API-driven insurance infrastructure-as-a-service Insurpass has announced it raised an undisclosed amount of investment from the US-based investment syndicate Tekedia Capital. Insurpass was co-founded by Seun Ayegbusi and Tobi Odejinmi. The startup enables companies across all sectors to build, embed, and offer digital insurance products to their

Nigerian B2B payments platform Verto, has raised $10m in a Series A funding round as it aims to expand its service delivery region. The funding round led Quona Capital, alongside The Treasury, Middle East Venture Partners (MEVP), TMT Investments, Unicorn Growth Capital, Zrosk Investments, and P1 Ventures. Verto was launched

Nigerian Edtech startup Edves has announced it raised $575k in a seed funding round to help it improve its product and bring more schools online. The round was led by Beta.Ventures. Launch Africa Ventures, Chinook Capital and Future Africa also participated in the round. Edves which was launched in

South African P2P solar leasing startup Sun Exchange, has raised a further $2.5 million in funding in form of a convertible note to help it scale more quickly. The funding was secured from ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners, which was the

Tunisian data management and analysis startup Biware, has announced it secured $1.2m in its first round of funding from CDC Gestion and Zitouna Capital. Biware was launched in 2011 with about thirty engineers. The startup is focused on supporting companies in creating value from their information reservoirs for increasing

Senegalese logistics startup Yobante Express, has announced it raised $1.2m in a seed funding round to help it spread across South Africa and Nigeria, as it looks to build on its impressive growth. The funding round was led by Grenfell Holdings, Libertad (through its investment branch, Aguila Investments), R-Ventures,

Egyptian leading automotive marketplace, Contactcars.com has announced the acquisition of Sa3ar Technology Solutions, car valuation technology and a dealer-specific auction platform Sa3ar was founded by Adham Hosny and Hussein Hosny. The platform digitises auto-auctions deals by providing car valuation technology and a dealer-specific auction platform. Contactcars.com is a

Moroccan logistics startup, Cloud Fret, has announced it secured $390k from Azur Innovation Fund. Cloud Fret was founded in 2020 by Driss Jabar, the startup is dedicated to connecting loaders and transporters by linking loaders and carriers. Cloud Fret leverages its artificial intelligence to detect empty cargo vehicles and orient

Smart Cities Innovation Program (SCIP) has announced the thirty-one African tech startups that have been selected to take part in the Smart Cities Innovation Programme, which aims to help selected startups scale up their products and services to boost urban transformation. The SCIP program which is partnered by several companies

Pan-African Edtech startup eLearnAfrica  has partnered with the Association of African Universities (AAU) to design, build and deploy learning management systems across the continent, giving university students access to free online courses. eLearnAfrica was launched in 2016, with the aim of providing African universities with inexpensive tools to incorporate eLearning

South African payroll software startup HelloHR has announced it secured an undisclosed amount of funding from the Mauritius-based Finclusion Group. HelloHR was founded by Bernard Bravenboer to make handling payroll and HR administration easier for small businesses. The startup leverages its cloud-based payroll solution to connect accountants, organisations, and employees

South African Agri-fintech startup HelloChoice has announced it secured an undisclosed amount of investment from Standard Bank. The investment from Standard Bank comes with a 25% equity stake in the startup as it looks to strengthen its service and product delivery as the leading digital fresh produce and agricultural marketplace.

Egypt-based social commerce startup Brimore has announced that it has finalized a $3.5m investment from e-payments solutions and banking services provider Fawry. Brimore was founded in 2017. The startups aim at providing payment and supply chain facilities for SMEs selling thousands of products including packaged foods, personal care, and

Cairo-based e-commerce startup Shiphaly, which connects shoppers and travelers, has announced it raised undisclosed six-figure amounts from Saudi Arabian and Egyptian angel investors. The round was led by Faisal Abdulsalam, the creator of Purity and an angel investor in Saudi Arabia and Egypt. Shiphaly is an e-commerce startup founded in

Ugandan solar startup gnuGrid has announced the increase of its seed funding round to $612,500 as it accelerates plans to offer Fintech services in the region. gnuGrid was launched in 2019 by the duo of David Opio and James Dailey. The startup aims to streamline and automate the highly

Shell-backed impact investment firm All On has announced a $2m investment in fintech firm Infibranches Technologies Limited as it bid to bridge the energy distribution gap in Nigeria. Infibranches Technologies Limited was founded in 2019 by Olusola Owoyemi. The Fintech startup is focused on providing access to digital financial services

Less than a month after securing Egypt’s second banking agent license, Egyptian Fintech startup Dopay, has announced it raised $18m in a Series A round. The round was led by Force Over Mass Capital, FMO, and NN Group. Mbuyu Capital and Alder Tree Investments also contributed significantly. Dopay was

Kenyan church-focused Fintech startup Jumuisha, has announced it raised an undisclosed amount in a seed funding round to help it scale. The funding came from Austin based SprintX Venture Studio. The firm will also provide Jumuisha with business strategy, marketing and technology expertise to help it grow. Jumuisha was launched

Egyptian Healthtech and IoT solutions startup Sotech, has announced it raised $1 million in a Pre-Seed funding. The round was led by Innlife Investments, other prominent corporate investors including Al Raya Kuwaiti also participated in the round. Sotech is an Egypt-based firm founded in 2020 during the pandemic by a

African Fintech platform Finclusion Group, has announced it raised $20m in an investment round led by Fintech debt financing provider, Lendable. Finclusion was launched in 2019 by Timothy Nuy, Finclusion drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending. The startup leverages it tech platform to

South African global mobility startup FlexClub, has announced a partnership with the sole distributor of Bajaj Auto in South Africa to offer motorcycle subscriptions to individuals and businesses in South Africa. Flex was launched in November 2018, FlexClub. The startup operates as a global vehicle subscription marketplace for users, simplifying