StartupNews Africa
News on the companies, capital and people shaping African technology, in publication order.
Showing 21–40 of 159 articles
Funding
V Bank was officially launched in March 2020, quickly gaining popularity and traction in the Nigerian financial landscape, a popularity that came from offering zero maintenance fees and competitive interest rates.
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These partnerships enable Djamo to issue domestically recognized payment cards, ensuring higher transaction success rates, as local merchant fraud detection algorithms often favor local cards over foreign alternatives.
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AgDevCo aims to address these challenges by providing flexible, long-term capital to small and medium-sized agribusinesses in Africa.
Energy & mobility · Kenya
The follow-on investment supports solar irrigation financing and expansion.
Funding
The investment also positions Dabchy for accelerated growth as it seeks to expand its footprint across the region and diversify its product offering.
Funding
The funding will enable Capi Money to accelerate its expansion, targeting a substantial portion of the €382 billion import market in sub-Saharan Africa, as estimated by the World Bank.
Funding
Qme’s AI-enabled platform tackles inefficiencies in customer queuing and appointment booking. Traditional customer queuing and appointment booking systems bring about long wait times and high no-show rates.
Funding
Taager was founded in 2019 to provide a platform that will help individuals launch and scale their own online businesses by managing product sourcing, warehousing, shipping, and payment collection.
FinTech
Affinity Africa’s growth figures depict a bullish rise of a 3x year-on-year increase in customer base and a 35% month-on-month rise in savings since the app launch.
Funding
Raenest hopes to ease cross-border payments for Africans, enabling them to easily receive and send international payments.
Funding
Everlectric majors on commercial battery electric vehicle (BEV) panel vans, catering to logistics providers and other businesses.
Funding
This fact is reflected by its co-investment with Accel in Nuitee, a Moroccan AI-powered hotel booking platform, marking P1’s biggest investment till date.
Funding
Since ascending to unicorn status in 2024, the company has pulled off a series of strategic acquisition and market entries herald MNT-Halan’s plans to create a space for itself in the emerging finance industry.
Funding
StarkWare is particularly interested in ventures that combine technical expertise with strong business acumen and plan to deploy their solutions on Starknet.
Startups
Mr. Misbah’s previous tenure at Swvl saw him play an instrumental role in ensuring the company listed on Nasdaq through a Special Purpose Acquisition Company (SPAC) transaction, combined with a $4.7 million private placement, and securing sustainable finance with HSBC.
M&A
Wave accounts for 90% of the adult population with a Wave account. The company achieved unicorn status in 2021 after raising $200 million in Series A funding, becoming the first French-speaking African unicorn.
Funding
Saviu Ventures caters to tech and tech-powered businesses across the fintech, health-tech, edtech, climate tech and eCommerce sectors.
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Hakki has developed a credit-scoring system that uses alternative data sources like M-Pesa mobile money usage and ride earnings stability as parameters in determining how to provide affordable financing options for drivers looking to own vehicles.
Funding
WafR leverages its startup proprietary technology to turn small-time merchants into financial service providers, allowing them to facilitate mobile phone top-ups, money transfers and cash-in/cash-out transactions.
Funding
In contrast to other grocery delivery startups that merely function as middlemen, Breadfast operates its own bakeries and fulfillment. This business model has proven instrumental for ensuring product quality and streamlined logistics, while sustaining the company’s unit economics.