Funding
Cauris Finance Secures $40 Million To Power Africa’s Fintech
Cauris’s reputation in the African fintech ecosystem has grown alongside its involvement in transformative ventures.
Category
Startups
Reporting filed under Startups.
Showing 61–80 of 99 articles
Funding
Bpifrance Supports LAfricaMobile With a $7 Million Series A Investment
LAfricaMobile plans to direct the funds towards strengthening its presence in Central Africa and enhancing its product offerings through advanced AI integration.
Funding
Nowlun Secures $1.7 Million To Expand Logistics Operations
This milestone marks an important step not only for Nowlun but also for the broader MENA logistics sector, as the region increasingly embraces innovation to address long-standing inefficiencies.
Funding
Leapfrog Closes Fund IV at $1.15 Billion, Aims To Boost Healthcare, Finance and Climate Solutions In Africa
The $1.15 billion was divided into $808 million in primary commitments and $210 million co-investments. The enormity of these sums reflect strong backing from institutional investors like Temasek, Prudential Financial and the European Investment Bank.
Funding
Kenyan Energy Startup Hydrobox Secures $9 Million In Debt Funding From FMO, EDFI MC
This investment will be geared towards supporting eight small hydro projects across four mini-grids in Kenya. This investment might be the beginning of reliable, affordable electricity for over 10,000 individuals and businesses.
Funding
Solarbox Secures $1M In Pre-seed Funding, Makes Push For Solar-Powered e-mobility Solutions
The initiative will be an effort to tap into Senegal’s significant solar energy potential, which stands among the highest globally
FinTech
Hisa Co-Founder Steps Down as CTO After Risevest Acquisition
Now, with Hisa joining the Rise brand, I wish the team continued success and growth. Hisa will always hold a special place in my heart.” Jackson said in his resignation letter.
FinTech
Mama Money To Change The Face Of South African Banking With WhatsApp-powered Bank Card
“We have always sought ways to make financial services more accessible and tailored to the needs of our unique customer base,” says Mathieu Coquillon, co-founder of Mama Money.
Startups
Yellow Card Obtains South African CASP License
“We look forward to building on our licence stack in South Africa and exploring how that will enable further opportunities, not only in South Africa and the SADC region, but across the continent,” the company said.
Startups
Former Jumia CEO Aims To Bridge Global Talent Gap With JADA
“We are building an academy that is designed to select and develop world-class talent,” said Trivellato, who brings over 10 years of experience in C-suite data & AI roles and management consulting at McKinsey & Co. “
Startups
Andela Forms Crucial Partnership With CNCF, Aims To Produce 20,000 African Cloud Professionals
Andela has been in the limelight for nurturing African talent. Now it has gone further to build on its success, already training 15% of Africa’s 716,000 cloud engineers
Funding
Lingawa Raises $1.1 Million In Funding, Aims To Revolutionize African Language Education
Lingawa would consider a slightly different approach to its business model. It will cater to the diaspora market where Williams believes 20 million Africans exist, but half of them do not speak their mother tongue.
Funding
Beacon Power Secures Series A funding from Partech to expand into Eastern and Southern Africa
BPS has expanded into several African markets, delivering power to over 5 million customers through the Electricity Company of Ghana (ECG), helping the company double its revenue in just two years. In February 2024, ECG even launched a mobile application for electricity services.
Funding
Egypt’s Efreshli Lands Seed Funding To Boost Expansion, Welcomes New Co-founder
The funding will enable efreshli to scale its operations, enhance its digital platform, and expand its reach within Egypt. By providing farmers with access to real-time data and analytics, Efreshli aims to optimise supply chain processes, reduce waste, and ensure that fresh produce reaches consumers more efficiently
Funding
Kobo360 CEO Cikü Mugambi resigns after 12 Months in Office, as Company Fails To Raise New Investments
Her resignation, which she disclosed during a company-wide meeting on 29 October, follows a period of expansion, but financial challenges for the company.
Funding
Sawari Ventures Approves $200 Million To Support More African Startups
70% of the total $200 million, or $140 million, will be allocated to Egyptian startups over the next four to five years.
M&A
IHS Towers Gets $439 million loan to Refinance debt and support Operations
Africa’s largest telecommunications company, IHS Towers has reportedly gotten a $439 million loan to manage currency risks and support its operations across multiple regions. According to reports, virtually half of the loan comes in South African Rand, while the other half is in USD ($255 million). Both parts of the loan come with a 4.50%
Funding
Seed Funding Fuels Lapaire Expansion Plans Into Senegal, Tanzania
The Lapaire Brand Glasses Lapaire has landed funding from AfricInvest and Proparco to expand its area of influence. This development comes nine months after the startup raised $3 million to drive expansion across the continent. Proparco and AfricInvest together approved financing for Lapaire Glasses SA, an optical retail chain offering quality eyewear at a fair
HealthTech
WellPal Relocates To Saudi Arabia, Fueling Regional Growth With New Investment
The company’s decision to relocate aligns with its vision of supporting healthier lifestyles across the MENA (Middle East and North Africa) region, with plans for further regional expansion
Startups
South Africa’s Mustek Bolsters Diversification Plans, Acquires $1.1 Million Majority stake in Cybersecurity Firm
Mustek seals acquisition deal with Sizwe Africa IT 11 October, 2024 Mustek, a South African IT company, has taken a one-million-dollar step as it acquires a 70% stake in CyberAntix, a security operations centre-as-a-service provider, from Sizwe Africa IT. In a deal worth R20 million ($1.1 million) deal, both companies oversaw an R8 million ($457,820)