FinTech
IFC Places Onafriq’s $50 Million Credit Line On Hold
Since its inception in 2021, Onafriq has rapidly spread across Africa through acquisitions and organic growth while its headquarters remained in London.
Category
Startups
Reporting filed under Startups.
Showing 41–60 of 99 articles
Funding
Nigeria’s SeamlessHR Lands $9 Million In Extension of Series A Funding, Seeks To Support Expansion Across Africa
Since its inception, Seamless HR has designed its offerings with an outlook on Africa, hoping to expand and adapt its innovative solutions to the various needs of businesses across Africa.
Funding
Morocco-based Car Wash Startup Secures $600,000 in Funding To Tackle Water Scarcity
The company says it is committed to social impact, focusing on recruitment and training of local “washmen” and establishing a “Washminute Academy” to provide upskilling opportunities for employees and partners.
Funding
Eco-Conscious Travel Platform Conservio Raises $1 Million To Accelerate Expansion Across South Africa
“We prioritize curating accommodations that not only offer exceptional travel experiences but also contribute to environmental conservation and uplift local communities,” said Lara Dendy Young, CEO and co-founder of Conservio.
Funding
Novastar Ventures Invests $3 Million In Sistema.bio To Support Biogas Solutions in Africa
With this latest funding round, Sistema.bio has raised a total of $18.5 million in 2024. The funds will be used for regional expansion, product development, and supporting the company’s anticipated Series C funding round
Funding
The Awareness Company (TACo) Raises $1.6 Million To Support AI Sustainability Platform
Having onboarded over 50 B2B customers and forged partnerships with the United Nations and Microsoft, TACo seems to be gaining significant traction.
M&A
Expensya Founders Walk Out On Company After Medius Acquisition, Set Eyes On New AI Venture
In his farewell announcement, Jouini expressed pride in Expensya’s achievements and gratitude to colleagues, investors, and partners who contributed to its journey.
M&A
Egypt’s Money Fellows Onboards Key Partner, Accelerates Morocco Expansion Efforts
Network International will utilize its extensive pan-regional experience to support Money Fellows’ expansion into Morocco and the wider African region.
FinTech
Nigeria’s Moniepoint Sets its Gaze on UK Markets
The UK branch of Moniepoint has accrued a total loss of $1.4 million over 17 months since it was founded in August 2022. However, the company’s directors, Tosin Eniolorunda and Felix Ike, retain high hopes about its long-term profitability.
Funding
Sanabil To Channel $3 Billion Startup Investment Into North Africa With Orbit Accelerator
Orbit Startups has a track record of investing in early-stage companies in China and India and has been expanding its presence in the MENA region.
M&A
Egypt’s Nawy Acquires ROA, Aims To Expand Real Estate Services
Nawy will be able to make use of ROA’s capabilities in improving its service portfolio while helping property owners to maximize their investments.
Funding
JOBO Interim Secures #2 Million In Funding To Revolutionize Recruitment in West Africa
In just one year, JOBO Interim has qualified 30,000 workers, with an additional 60,000 in the pipeline. Partnerships with major clients such as Vinci and Yves Rocher highlight the platform’s growing influence
Startups
Egypt’s SWVL Draws Plans Beyond 2028 Amid Bankruptcy Claims
The mobility company has scheduled its Annual Meeting of Shareholders for January 30, 2025. This meeting will set the stage for critical decisions about Swvl’s future.
Startups
Tingo Group Folds Up, Listed For Sale In Shocking Conclusion To Its Operations
According to local reports, Tingo Mobile, which serves as the fintech arm of the group, had already cut ties with contractors earlier in the year.
Startups
Alibaba Sets Foot In Morocco, Allows Local Retailers Expand Global Reach
Morocco’s diverse industries, high-quality products, and strategic location make it an ideal partner for this expansion.”
Funding
Morocco’s Talaty Receives Investment From Witamax To Bolster AI-Powered Credit Solutions
Moreover, the investment by Witamax and Renew Capital indicates a shared vision of empowering local businesses and promoting sustainable economic development.
M&A
Smollan Acquires Yebo Fresh, Aims To Drive Growth In Township Communities
This partnership is projected to address the needs of South Africa’s informal market, valued at over R184 billion annually, by improving efficiency, accessibility, and market insights.
FinTech
Sourcefin Secures $8.3M From Futuregrowth Following TymeBank Acquisition of Capital
The investment in Sourcefin aligns with HGDEF’s mandate to support high-growth, impactful businesses.
Funding
Tyme Group Secures $250 million Series D Funding, Becomes Africa’s Ninth Unicorn
With this valuation, Tyme has taken the critical step to finally becoming a unicorn and Africa’s ninth one.
Funding
South Africa’s The Good People Data Company Closes Undisclosed Amount In Funding Round
TGPDC is a South African startup that offers digital workflow automation, verification processes, and compliance solutions.