Egyptian e-Commerce startup MaxAB has announced it acquired Moroccan B2B startup WaystoCap as it plots expansion into the Maghreb region. This announcement came after the startup secured an additional $15m to the $40m Series A round it secured last month. MaxAB was launched by Belal El-Megharbel and Mohamed Ben Halim,

The government of DR Congo has announced a partnership with Schoolap to digitize the country’s entire education system. Schoolap was founded in 2017 by Pascal Kanik and Guy Jose Leta with the aim of digitization of education in the DRC. The platform has been able to provide students in

Kenyan e-Commerce startup MarketForce has announced it raised an additional $100k in funding from the Harambeans Prosperity Fund to the $2m pre-Series A round it announced last month. MarketForce is an end-to-end retail distribution platform founded in 2018 by the duo of Tesh Mbaabu and Mesongo Sibuti, Chief Executive Officer

The Arab Bank has announced the launch of its fintech-focused corporate accelerator program “AB Accelerator” in Egypt. The expansion into Egypt by the Arab Bank is coming 3years after it successfully launched the AB Accelerator in Jordan in 2018. The program aims to help startups scale their market-ready fintech firms

Ibadan-based B2B e-Commerce startup Alerzo has announced it raised $10.5m in a Series A funding round to expand into northern Nigeria. The round was led by New York-based Nosara Capital. FJ Labs and several other investors across the U.S, Europe, and Asia also participated in the round. This

Renowned global financial operator JP Morgan has announced a partnership with the Department of Trade, Industry and Competition of South Africa (DTIC), to invest a $20m fund to help small enterprises scale. The partnership will make JP Morgan the first multinational investment bank in South Africa to implement an Equity

South African celebrity engagement startup myFanPark has announced it secured an undisclosed amount of investment from new local VC firm Seed South to help it further expand. myFanPark was launched in 2019 to enable users to request a personalized shout-out video from their favorite celebrity, such as birthday or celebration

Nairobi-based provider of telematics insurance system for insurance companies AiCare, has announced it secured funding from Nairobi Business Angels Network (NaiBAN). AiCare is an Insurtech startup launched in 2020 by co-founder and CEO Arthur Mulwa, AiCare focuses on providing telematics insurance products to Insurance companies. The startup leverages its in-house

Kenya based customer loyalty startup CashBackApp has announced it raised $475k in a pre-seed funding round. Investors in the round include Lofty Inc, Sherpa Ventures and Loyal VC, and several angel investors based in the US, UK, Nigeria and Kenya. CashBackApp was launched in 2018, to help consumer goods companies

Egyptian fintech startup Fawry, has just announced the expansion of its ‘Heya Fawry’ initiative to increase poor and disadvantaged women’s access to life-enhancing digital financial services and greater economic opportunities. This development is in line with its mission to empower Egyptian women. The Heya Fawry platform will give women

Ethiopia ’s FDRE Jobs Creation Commission, has announced a partnership with Mastercard Foundation Piazza Communication, for the creation of the Yegara platform that connects companies with investors. Through the Mastercard Foundation-funded project, angel investors will be brought together to assist innovative young entrepreneurs. The aim of the Yegara website is

Egyptian mobility startup specializing in participative transportation for school pupils Schoolz app has announced it received six-figure pre-Seed funding from Saudi Arabian and Egyptian investors. Schoolz is a mobility startup founded in 2020 by the trio of Hosni Ahmed, Abdel Monsef Ismail, and Ayman Hamza. The platform uses current technology,

Nigeria-based urban streetwear fashion brand Rooomxix has announced it received a $1.5m investment from Nigerian Fintech startup Patricia to facilitate its nationwide expansion. Rooomxix is a retail streetwear fashion brand launched in July 2018. The brand is focused on revolutionizing street fashion in Africa. The brand is committed to

Ghanaian pan-African eCommerce startup Plendify has launched a B2B e-commerce platform to connects small and large African wholesalers, manufacturers, exporters, and importers with customers. Plendify was established in 2018 by Beau Sackey to help small and medium businesses in Africa execute commercial transactions. The startup operates an e-commerce B2B Marketplace

Africa focused early-stage funding platform Uncap, has officially commenced operations in Sub-Saharan Africa. The program was initiated with the aim of making early-stage funding available for startups in Sub-Saharan Africa. The firm has now invited startups to apply as the application period will last two months and will include a

Nigeria-based e-Commerce startup Obtech has announced it raised over $15k at the pioneering edition of the Hardware Garage Centre in the Enugu state of Nigeria. Hardware Garage is an acceleration center where hardware innovators with scalable ideas in Nigeria are transformed into commercially viable products. The 2021 pioneering edition saw

South African e-commerce startup My Car Guide has announced the launch of its online trading platform for businesses and end-users. My Car Guide was launched in 2020 by Innocent Matlala in Johannesburg to cut out the middlemen in the buying and selling of car spare parts from manufacturers and sellers.

Nigerian mobility Fintech startup providing revenue-based vehicle financing to mobility entrepreneurs across Africa Moove has raised $23m in series-A funding to expand its tech-based vehicle financing platform. The funding round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, the latest. ventures, LocalGlobe, Tekton,

South African Fintech startup Callpay has announced it has been purchased by a global Fintech service provider. The sale of majority shares was based on the company’s valuation of more than $6.8m, as the startup aims to raise investment to help accelerate its growth. Head of partnerships at

Sweden and Kenya-based digital health startup BYON8 has announced it raised $1.5m in seed capital to help it expand across Africa. The funding round was led by People Ventures, a Danish early-stage technology investor, and other investors including Jellyfish Invest and T&W Holding. BYON8 was launched in

Zambia-based Fintech startup Union54 has announced it has partnered with Mastercard to become a Mastercard Principle member, allowing the startup to become an authorized issuer of debit cards. Union54 was launched in 2015 as Zazu by Perseus Mlambo and Alessandra Martini, as at the time, the startup was a challenger

Nigeria-based Agritech startup Zowasel that participated in the UN World Food Program ‘Zero Hunger Sprint’ has received $100k investment funding from Guinness Nigeria Plc and leading pan-African consumer packaged food manufacturer, Promasidor Nigeria Limited. Zowasel was founded by Jerry Oche to create a sustainable marketplace for crops by matching verified