Funding
Nigeria’s Raenest Secures $11 Million To Tackle Africa’s Freelance Payment Challenges
Raenest hopes to ease cross-border payments for Africans, enabling them to easily receive and send international payments.
Category
Startups
Reporting filed under Startups.
Showing 21–40 of 99 articles
Funding
SA-based Everlectric Lands Venture Debt Funding To Drive EV Adoption
Everlectric majors on commercial battery electric vehicle (BEV) panel vans, catering to logistics providers and other businesses.
Funding
Israel’s StarkWare Kickstarts $4 Million African Venture Fund For Blockchain Startups
StarkWare is particularly interested in ventures that combine technical expertise with strong business acumen and plan to deploy their solutions on Starknet.
Startups
Swvl Recalls Former Chief Financial Officer Amidst Financial Headwinds
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.
Funding
Saviu Raises €25 Million In Second Close of Funding Round, Plans To Back Early Stage Startups In Francophone Africa
Saviu Ventures caters to tech and tech-powered businesses across the fintech, health-tech, edtech, climate tech and eCommerce sectors.
Funding
Hakki Africa Secures $12.7 Million In Funding From Japanese Investors
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
Kili Ventures Backs WafR With $1.5 Million Seed Funding, Sets Eyes on Morocco’s Market
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
Breadfast Hits $268 Million In Valuation With Series B Extension Round
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.
Funding
NjiaPay Closes Over $1 Million in Pre-Seed Funding to Streamline African Payments
NjiaPay’s platform operates and combines PSP’s and payment methods, offering business a single integration point for managing transactions.
Funding
Ivory Coast’s Cauridor Lands $3.5 Million In Seed Funding to Bolster Africa’s Payment Infrastructure
Cauridor aims to ease cross-border transactions for merchants, banks, telecom operators, and money transfer companies in the untapped region of Francophone Africa.
FinTech
South Africa-based UsPlus Raises $2 million Investment To Bolster SME Financing
UsPlus aims to use the new capital to strengthen its balance sheet and attract further senior debt funding.
M&A
Ignite Power Acquires ENGIE Energy Access In Major African Solar Deal
Ignite Power was founded in 2014 by Yariv Cohen, who pursues the mission of providing solar-powered life-enhancing solutions to some of the continent’s most underserved communities.
Funding
Fincart.io Lands Pre-seed Funding To Revolutionize E-commerce Logistics
Fincart.io addresses these pain points by consolidating the region’s largest courier network into a single platform, enabling merchants to streamline order management, access competitive shipping rates, and unlock financial support.
Funding
Venture Capital Arm of Standard Chartered Backs Furaha With $7 Million
Furaha was founded by Yustus Aribariho and Ian Fernandes, aiming to utilize SC Ventures’ risk management expertise and Yabx’s AI-driven lending platform to address the financial needs of underserved communities.
Funding
Kenya-based Kapu Secures pre-Series A Funding, Hopes To Expand Low-Cost E-commerce in Africa
Kapu boasts of serving 100,000 households per month and processing 2 million customer orders annually, claiming to have delivered $1m in savings to consumers.
Funding
SA-based Insight Terra Secures $5.7 Million To Bolster Climate-tech Platform
Climate change in South Africa aggravates the risks to crucial infrastructure. Insight Terra hopes to bridge this converting real-time data into actionable insights and ensure operational safety and regulatory compliance.
Funding
Enko Education Lands $24 Million, Set Sights On Tripling Its Student Reach Across Africa by 2029
As a testament to Enko Education’s impact, the group has seen more than 1,700 graduates secure admission to over 500 prestigious universities worldwide, including Yale University, Sciences Po, and the University of Toronto.
Funding
Renew Capital Backs Kenya’s Sevi With Funding To Enhance Stock Financing For Retailers
The investment will allow Sevi to further develop its technological infrastructure, expand its network of suppliers and retailers, and enhance financial inclusion for SMEs across Kenya.
FinTech
Egypt’s MoneyHash Lands $5.2 million in Pre-Series A Funding, Seeks To Unify African Payment Systems
MoneyHash’s milestone funding comes amid rising investment in African fintech startups, which have proven to be trailblazers in venture capital funding on the continent.
Funding
SA-based Naked Lands $38 Million In Funding In the Insurtech Sector’s Largest African Deal
“This investment marks an exciting milestone, as we continue to define a new category of insurance,” says Alex Thomson, co-founder of Naked.