https://startupnews.africa/Reporting on Africa’s startup economy.https://startupnews.africa/2025/08/24/nedbanks-93m-ikhokha-acquisition-signals-african-banks-shifting-from-fintech-partnerships-to-ownership-for-sme-market-control/https://startupnews.africa/2025/08/24/nedbanks-93m-ikhokha-acquisition-signals-african-banks-shifting-from-fintech-partnerships-to-ownership-for-sme-market-control/Sun, 24 Aug 2025 16:15:47 GMTEbuka OkaforAnalysis. An analysis of Nedbank’s iKhokha acquisition and its implications for South Africa’s SME payments market.AcquisitionsTrending Postshttps://startupnews.africa/2025/04/07/easter-comes-early-25-african-smes-to-get-500k-in-new-fund/https://startupnews.africa/2025/04/07/easter-comes-early-25-african-smes-to-get-500k-in-new-fund/Mon, 07 Apr 2025 15:00:15 GMTSamuel IgeSurrayah Ahmed’s Sabou Capital targets technology-enabled small and medium enterprises across Africa.FeaturedFundingStartupshttps://startupnews.africa/2025/04/07/sa-njiapay-gets-1-3-million-funding-boost-to-scale-payments-services-in-south-africa/https://startupnews.africa/2025/04/07/sa-njiapay-gets-1-3-million-funding-boost-to-scale-payments-services-in-south-africa/Mon, 07 Apr 2025 14:45:12 GMTSamuel IgeThe South African company raised pre-seed funding to build an integrated payments service.FeaturedFundingStartupshttps://startupnews.africa/2025/04/04/how-gro-intelligence-shut-down-amidst-financial-headwinds/https://startupnews.africa/2025/04/04/how-gro-intelligence-shut-down-amidst-financial-headwinds/Fri, 04 Apr 2025 14:06:49 GMTSamuel IgeRetrospective. Gro Intelligence’s funding challenges and the events leading to its closure.FeaturedGeneralStartupshttps://startupnews.africa/2025/04/01/startup-spotlight-kofa-to-cover-africas-energy-sector-with-innovative-solutions/https://startupnews.africa/2025/04/01/startup-spotlight-kofa-to-cover-africas-energy-sector-with-innovative-solutions/Tue, 01 Apr 2025 15:51:53 GMTSamuel IgeProfile. A look at the Ghanaian company’s portable batteries and swap-station network.FeaturedGeneralStartupshttps://startupnews.africa/2025/03/27/startups-in-focus-the-journey-of-mark-mwangis-amitruck-on-rough-terrain/https://startupnews.africa/2025/03/27/startups-in-focus-the-journey-of-mark-mwangis-amitruck-on-rough-terrain/Thu, 27 Mar 2025 11:17:11 GMTSamuel IgeProfile. A profile of the logistics marketplace and its approach to freight transport in Kenya.FeaturedGeneralStartupshttps://startupnews.africa/2025/03/27/temu-tears-up-the-nigerian-market-the-competition-reacts/https://startupnews.africa/2025/03/27/temu-tears-up-the-nigerian-market-the-competition-reacts/Thu, 27 Mar 2025 10:20:29 GMTSamuel IgeThe established marketplaces respond to Temu’s discount-led strategy in Nigeria.FeaturedGeneralStartupshttps://startupnews.africa/2025/03/11/kenyas-mobius-motors-survives-financial-crisis-gets-acquired-by-silver-box-in-rescue-bid/https://startupnews.africa/2025/03/11/kenyas-mobius-motors-survives-financial-crisis-gets-acquired-by-silver-box-in-rescue-bid/Tue, 11 Mar 2025 13:41:09 GMTSamuel IgeSilver Box acquires the Kenyan automaker following its financial crisis.FeaturedM&AStartupshttps://startupnews.africa/2025/03/07/crossboundary-energy-raises-45-million-in-funding-to-accelerate-renewable-solutions-across-africa/https://startupnews.africa/2025/03/07/crossboundary-energy-raises-45-million-in-funding-to-accelerate-renewable-solutions-across-africa/Fri, 07 Mar 2025 15:22:58 GMTSamuel IgeThe clean-power company secured financing from EAAIF for commercial and industrial renewable energy projects.FundingGeneralhttps://startupnews.africa/2025/03/07/ora-technologies-raises-1-9-million-to-bolster-digital-payments-and-e-commerce/https://startupnews.africa/2025/03/07/ora-technologies-raises-1-9-million-to-bolster-digital-payments-and-e-commerce/Fri, 07 Mar 2025 15:12:37 GMTSamuel IgePromoted content. Moroccan investors back the company’s digital wallet and e-commerce expansion.FundingPromoted ContentStartupsPromoted contenthttps://startupnews.africa/2025/03/06/kenyas-badili-raises-400000-in-funding-to-tackle-e-waste/https://startupnews.africa/2025/03/06/kenyas-badili-raises-400000-in-funding-to-tackle-e-waste/Thu, 06 Mar 2025 10:46:41 GMTSamuel IgeBadili sources for used devices from developed markets, takes them through a thorough refurbishment process, then offers them for sale in Kenya at reduced prices.FundingStartupshttps://startupnews.africa/2025/03/06/loftyinc-capital-lands-43-million-to-help-african-startups-navigate-series-a-funding-gaps/https://startupnews.africa/2025/03/06/loftyinc-capital-lands-43-million-to-help-african-startups-navigate-series-a-funding-gaps/Thu, 06 Mar 2025 10:35:40 GMTSamuel IgeComing off the back of this success, LoftyInc launched a second funding round in 2021, with $10 million set as a target. However, it was able to raise $14.2 million, with which it broadened its geographical scope beyond Nigerian borders, spreading to South Africa, Francophone Africa, and Egypt.FundingGeneralhttps://startupnews.africa/2025/03/04/egypts-widebot-gains-crucial-boost-with-saudi-backed-3-million-funding-round/https://startupnews.africa/2025/03/04/egypts-widebot-gains-crucial-boost-with-saudi-backed-3-million-funding-round/Tue, 04 Mar 2025 11:38:17 GMTSamuel IgeThe Egyptian startup raised funding to develop Arabic-language AI.FundingStartupshttps://startupnews.africa/2025/03/03/khula-investors-receive-boost-as-startup-lands-6-7-million-series-a-for-african-farm-platform/https://startupnews.africa/2025/03/03/khula-investors-receive-boost-as-startup-lands-6-7-million-series-a-for-african-farm-platform/Mon, 03 Mar 2025 21:53:39 GMTSamuel IgePromoted content. Since its seed funding round in 2023, Khula’s valuation has reportedly increased tenfold, reflecting investor optimism in its growth trajectory.AgricTechFundingPromoted ContentPromoted contenthttps://startupnews.africa/2025/03/03/finnfund-intensifies-support-for-south-africas-fibertime-with-e2-million-follow-on-funding/https://startupnews.africa/2025/03/03/finnfund-intensifies-support-for-south-africas-fibertime-with-e2-million-follow-on-funding/Mon, 03 Mar 2025 21:13:00 GMTSamuel IgeAs it comes off the heels of an initial €2 million investment in 2023, this second tranche of funding will enable Fibertime to spread its tentacles beyond the wealthy suburbs normally served by fibre providers.FundingStartupshttps://startupnews.africa/2025/03/03/egypts-fawry-sees-profit-skyrocket-by-124-new-ventures-drive-growth/https://startupnews.africa/2025/03/03/egypts-fawry-sees-profit-skyrocket-by-124-new-ventures-drive-growth/Mon, 03 Mar 2025 11:47:16 GMTSamuel IgeLike the biblical Goshen, Fawry has remained untouched by Egypt’s economic crisis that saw the nation’s currency devaluate by 40%. It has even thrived in the process.FinTechStartupshttps://startupnews.africa/2025/02/27/motorola-solutions-acquires-rapiddeploy-aims-to-expand-its-portfolio-in-the-critical-emergency-response/https://startupnews.africa/2025/02/27/motorola-solutions-acquires-rapiddeploy-aims-to-expand-its-portfolio-in-the-critical-emergency-response/Thu, 27 Feb 2025 22:37:51 GMTSamuel IgeFor Motorola Solutions, the addition of RapidDeploy’s cloud-native expertise strengthens its hand in this evolving landscape and reinforces its commitment to providing comprehensive public safety solutions.M&AStartupshttps://startupnews.africa/2025/02/27/kholo-capital-secures-76-million-for-south-african-smes/https://startupnews.africa/2025/02/27/kholo-capital-secures-76-million-for-south-african-smes/Thu, 27 Feb 2025 22:16:49 GMTSamuel IgeKholo Capital will turn its searchlights on investments of about $3.8 million to $10.9 million in SMEs that have demonstrated a minimum EBITDA of R25 million ($1.4 million USD).FundingGeneralhttps://startupnews.africa/2025/02/27/silicon-badia-backs-journify-with-4-million-in-strategic-venture-into-morocco/https://startupnews.africa/2025/02/27/silicon-badia-backs-journify-with-4-million-in-strategic-venture-into-morocco/Thu, 27 Feb 2025 21:57:03 GMTSamuel IgeJournify has also built strategic partnerships with major digital platforms, including TikTok, Google, and Snap, further enhancing its reach and impact.FeaturedFundingStartupshttps://startupnews.africa/2025/02/27/ghana-based-oze-raises-funding-from-visa-and-deg-aims-to-bolster-ai-lending-for-african-smes/https://startupnews.africa/2025/02/27/ghana-based-oze-raises-funding-from-visa-and-deg-aims-to-bolster-ai-lending-for-african-smes/Thu, 27 Feb 2025 21:40:41 GMTSamuel IgeAt the moment, Oze operates across eight African nations including Ghana, Nigeria, and Rwanda, partnering with commercial banks like Ecobank to extend its reach.FeaturedFinTechFundinghttps://startupnews.africa/2025/02/27/nigerias-vfd-group-eyes-fintech-with-3-3-million-v-bank-investment/https://startupnews.africa/2025/02/27/nigerias-vfd-group-eyes-fintech-with-3-3-million-v-bank-investment/Thu, 27 Feb 2025 21:05:53 GMTSamuel IgeV 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.FeaturedFinTechFundinghttps://startupnews.africa/2025/02/21/ivory-coasts-djamo-secures-1-3-million-in-post-series-b-funding/https://startupnews.africa/2025/02/21/ivory-coasts-djamo-secures-1-3-million-in-post-series-b-funding/Fri, 21 Feb 2025 09:43:45 GMTSamuel IgeThese 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.FinTechFundinghttps://startupnews.africa/2025/02/21/agdevco-secures-85-million-from-european-banks-to-bolster-african-food-systems/https://startupnews.africa/2025/02/21/agdevco-secures-85-million-from-european-banks-to-bolster-african-food-systems/Fri, 21 Feb 2025 09:17:58 GMTSamuel IgeAgDevCo aims to address these challenges by providing flexible, long-term capital to small and medium-sized agribusinesses in Africa.AgricTechFundinghttps://startupnews.africa/2025/02/21/bii-invests-additional-4-million-to-accelerate-solar-irrigation-in-kenya/https://startupnews.africa/2025/02/21/bii-invests-additional-4-million-to-accelerate-solar-irrigation-in-kenya/Fri, 21 Feb 2025 09:00:42 GMTSamuel IgeThe follow-on investment supports solar irrigation financing and expansion.FundingStartupshttps://startupnews.africa/2025/02/19/dabchy-closes-pre-series-a-funding-round-to-scale-circular-fashion-in-mena/https://startupnews.africa/2025/02/19/dabchy-closes-pre-series-a-funding-round-to-scale-circular-fashion-in-mena/Wed, 19 Feb 2025 21:46:20 GMTSamuel IgeThe investment also positions Dabchy for accelerated growth as it seeks to expand its footprint across the region and diversify its product offering.FundingStartupshttps://startupnews.africa/2025/02/19/capi-money-secures-17-9-million-to-support-invoice-settlement-for-african-importers/https://startupnews.africa/2025/02/19/capi-money-secures-17-9-million-to-support-invoice-settlement-for-african-importers/Wed, 19 Feb 2025 21:18:31 GMTSamuel IgeThe 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.FundingStartupshttps://startupnews.africa/2025/02/19/egypt-based-saas-startup-qme-raises-3-million-to-revolutionize-customer-experience-in-mena/https://startupnews.africa/2025/02/19/egypt-based-saas-startup-qme-raises-3-million-to-revolutionize-customer-experience-in-mena/Wed, 19 Feb 2025 20:43:13 GMTSamuel IgeQme’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.FundingStartupshttps://startupnews.africa/2025/02/17/egypt-based-taager-secures-6-75-million-to-accelerate-social-commerce-expansion-in-mena/https://startupnews.africa/2025/02/17/egypt-based-taager-secures-6-75-million-to-accelerate-social-commerce-expansion-in-mena/Mon, 17 Feb 2025 21:32:13 GMTSamuel IgeTaager 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.FundingStartupshttps://startupnews.africa/2025/02/17/ghanas-fintech-startup-affinity-africa-lands-8-million-in-seed-funding-to-drive-financial-inclusion/https://startupnews.africa/2025/02/17/ghanas-fintech-startup-affinity-africa-lands-8-million-in-seed-funding-to-drive-financial-inclusion/Mon, 17 Feb 2025 20:56:27 GMTSamuel IgeAffinity 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.FinTechStartupshttps://startupnews.africa/2025/02/17/nigerias-raenest-secures-11-million-to-tackle-africas-freelance-payment-challenges/https://startupnews.africa/2025/02/17/nigerias-raenest-secures-11-million-to-tackle-africas-freelance-payment-challenges/Mon, 17 Feb 2025 15:11:02 GMTSamuel IgeRaenest hopes to ease cross-border payments for Africans, enabling them to easily receive and send international payments.FundingStartupshttps://startupnews.africa/2025/02/17/sa-based-everlectric-lands-venture-debt-funding-to-drive-ev-adoption/https://startupnews.africa/2025/02/17/sa-based-everlectric-lands-venture-debt-funding-to-drive-ev-adoption/Mon, 17 Feb 2025 14:59:10 GMTSamuel IgeEverlectric majors on commercial battery electric vehicle (BEV) panel vans, catering to logistics providers and other businesses.FundingStartupshttps://startupnews.africa/2025/02/17/pi-ventures-closes-first-institutional-fund-raises-50-million-to-back-next-gen-african-startups/https://startupnews.africa/2025/02/17/pi-ventures-closes-first-institutional-fund-raises-50-million-to-back-next-gen-african-startups/Mon, 17 Feb 2025 14:36:58 GMTSamuel IgeThis 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.FundingGeneralhttps://startupnews.africa/2025/02/17/egypt-based-mnt-halan-sets-sails-for-500-million-in-credit-expansion-after-key-acquisitions/https://startupnews.africa/2025/02/17/egypt-based-mnt-halan-sets-sails-for-500-million-in-credit-expansion-after-key-acquisitions/Mon, 17 Feb 2025 13:22:24 GMTSamuel IgeSince 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.FundingGeneralhttps://startupnews.africa/2025/02/07/israels-starkware-kickstarts-4-million-african-venture-fund-for-blockchain-startups/https://startupnews.africa/2025/02/07/israels-starkware-kickstarts-4-million-african-venture-fund-for-blockchain-startups/Fri, 07 Feb 2025 15:14:03 GMTSamuel IgeStarkWare is particularly interested in ventures that combine technical expertise with strong business acumen and plan to deploy their solutions on Starknet.FundingStartupshttps://startupnews.africa/2025/02/06/swvl-recalls-former-chief-financial-officer-amidst-financial-headwinds/https://startupnews.africa/2025/02/06/swvl-recalls-former-chief-financial-officer-amidst-financial-headwinds/Thu, 06 Feb 2025 22:34:42 GMTSamuel IgeMr. 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.GeneralStartupshttps://startupnews.africa/2025/02/06/waves-of-change-senegals-largest-e-ticketing-system-now-controlled-by-fintech-unicorn-wave/https://startupnews.africa/2025/02/06/waves-of-change-senegals-largest-e-ticketing-system-now-controlled-by-fintech-unicorn-wave/Thu, 06 Feb 2025 22:15:17 GMTSamuel IgeWave 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.GeneralM&Ahttps://startupnews.africa/2025/02/06/saviu-raises-e25-million-in-second-close-of-funding-round-plans-to-back-early-stage-startups-in-francophone-africa/https://startupnews.africa/2025/02/06/saviu-raises-e25-million-in-second-close-of-funding-round-plans-to-back-early-stage-startups-in-francophone-africa/Thu, 06 Feb 2025 21:54:57 GMTSamuel IgeSaviu Ventures caters to tech and tech-powered businesses across the fintech, health-tech, edtech, climate tech and eCommerce sectors.FundingStartupshttps://startupnews.africa/2025/02/04/hakki-africa-secures-12-7-million-in-funding-from-japanese-investors/https://startupnews.africa/2025/02/04/hakki-africa-secures-12-7-million-in-funding-from-japanese-investors/Tue, 04 Feb 2025 22:25:46 GMTSamuel IgeHakki 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.FundingStartupshttps://startupnews.africa/2025/02/04/kili-ventures-backs-wafr-with-1-5-million-seed-funding-sets-eyes-on-moroccos-market/https://startupnews.africa/2025/02/04/kili-ventures-backs-wafr-with-1-5-million-seed-funding-sets-eyes-on-moroccos-market/Tue, 04 Feb 2025 21:57:52 GMTSamuel IgeWafR 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.FundingStartupshttps://startupnews.africa/2025/02/04/breadfast-hits-268-million-in-valuation-with-series-b-extension-round/https://startupnews.africa/2025/02/04/breadfast-hits-268-million-in-valuation-with-series-b-extension-round/Tue, 04 Feb 2025 21:44:27 GMTSamuel IgeIn 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.FundingStartupshttps://startupnews.africa/2025/01/31/swedfund-supports-african-infrastructure-fund-with-41-6-million-investment-aims-to-promote-climate-action/https://startupnews.africa/2025/01/31/swedfund-supports-african-infrastructure-fund-with-41-6-million-investment-aims-to-promote-climate-action/Fri, 31 Jan 2025 13:44:08 GMTSamuel IgeEAAIF is a blended finance channel that supports infrastructure projects through public and private debt capital. The fund provides debt products on commercial terms to projects belonging to, and operated, by private sector experts.FundingGeneralhttps://startupnews.africa/2025/01/31/njiapay-closes-over-1-million-in-pre-seed-funding-to-streamline-african-payments/https://startupnews.africa/2025/01/31/njiapay-closes-over-1-million-in-pre-seed-funding-to-streamline-african-payments/Fri, 31 Jan 2025 13:30:52 GMTSamuel IgeNjiaPay’s platform operates and combines PSP’s and payment methods, offering business a single integration point for managing transactions.FundingStartupshttps://startupnews.africa/2025/01/31/finimo-founders-sell-fintech-derivate-exipay-to-stitch-two-years-after-launch/https://startupnews.africa/2025/01/31/finimo-founders-sell-fintech-derivate-exipay-to-stitch-two-years-after-launch/Fri, 31 Jan 2025 13:16:17 GMTSamuel IgeAt the time of acquisition, ExiPay held existing contracts with several enterprise clients and PSPs operating in South Africa and other African markets, including omnichannel retail brand Bash. With this acquisition, Stitch will serve Bash for both their online and in-person payments needs, and will continue serving other existing ExiPay clients.FinTechM&Ahttps://startupnews.africa/2025/01/31/ivory-coasts-cauridor-lands-3-5-million-in-seed-funding-to-bolster-africas-payment-infrastructure/https://startupnews.africa/2025/01/31/ivory-coasts-cauridor-lands-3-5-million-in-seed-funding-to-bolster-africas-payment-infrastructure/Fri, 31 Jan 2025 13:02:19 GMTSamuel IgeCauridor aims to ease cross-border transactions for merchants, banks, telecom operators, and money transfer companies in the untapped region of Francophone Africa.FundingStartupshttps://startupnews.africa/2025/01/31/south-africa-based-usplus-raises-2-million-investment-to-bolster-sme-financing/https://startupnews.africa/2025/01/31/south-africa-based-usplus-raises-2-million-investment-to-bolster-sme-financing/Fri, 31 Jan 2025 12:52:19 GMTSamuel IgeUsPlus aims to use the new capital to strengthen its balance sheet and attract further senior debt funding.FinTechStartupshttps://startupnews.africa/2025/01/29/ignite-power-acquires-engie-energy-access-in-major-african-solar-deal/https://startupnews.africa/2025/01/29/ignite-power-acquires-engie-energy-access-in-major-african-solar-deal/Wed, 29 Jan 2025 15:03:50 GMTSamuel IgeIgnite 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.M&AStartupshttps://startupnews.africa/2025/01/29/fincart-io-lands-pre-seed-funding-to-revolutionize-e-commerce-logistics/https://startupnews.africa/2025/01/29/fincart-io-lands-pre-seed-funding-to-revolutionize-e-commerce-logistics/Wed, 29 Jan 2025 14:49:30 GMTSamuel IgeFincart.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.FundingStartupshttps://startupnews.africa/2025/01/29/venture-capital-arm-of-standard-chartered-backs-furaha-with-7-million/https://startupnews.africa/2025/01/29/venture-capital-arm-of-standard-chartered-backs-furaha-with-7-million/Wed, 29 Jan 2025 14:33:51 GMTSamuel IgeFuraha 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.FundingStartupshttps://startupnews.africa/2025/01/27/fintech-startup-accrue-lands-1-85-million-seed-funding-to-accelerate-cross-border-payments-in-africa/https://startupnews.africa/2025/01/27/fintech-startup-accrue-lands-1-85-million-seed-funding-to-accelerate-cross-border-payments-in-africa/Mon, 27 Jan 2025 17:18:32 GMTSamuel IgeToday, Accrue boasts over 200,000 users across eight African countries: Nigeria, Ghana, Kenya, South Africa, Cameroon, Uganda, Zambia, and Malawi.FinTechFundinghttps://startupnews.africa/2025/01/27/moniepoint-lands-10-million-investment-from-visa-to-support-financial-inclusion-across-africa/https://startupnews.africa/2025/01/27/moniepoint-lands-10-million-investment-from-visa-to-support-financial-inclusion-across-africa/Mon, 27 Jan 2025 16:37:08 GMTSamuel IgeMoniepoint has carved a territory for itself by providing digital financial services to individuals and businesses.FinTechFundinghttps://startupnews.africa/2025/01/24/kenya-based-kapu-secures-pre-series-a-funding-hopes-to-expand-low-cost-e-commerce-in-africa/https://startupnews.africa/2025/01/24/kenya-based-kapu-secures-pre-series-a-funding-hopes-to-expand-low-cost-e-commerce-in-africa/Fri, 24 Jan 2025 11:50:12 GMTSamuel IgeKapu boasts of serving 100,000 households per month and processing 2 million customer orders annually, claiming to have delivered $1m in savings to consumers.FundingStartupshttps://startupnews.africa/2025/01/24/disrupttech-ventures-takes-first-step-into-blockchain-invests-in-hamilton/https://startupnews.africa/2025/01/24/disrupttech-ventures-takes-first-step-into-blockchain-invests-in-hamilton/Fri, 24 Jan 2025 10:45:19 GMTSamuel IgeThis deal marks a pivotal moment for DisrupTech Ventures, as it indicates a willingness to diversify its portfolio beyond traditional fintech to include blockchain-based solutions.FundingGeneralhttps://startupnews.africa/2025/01/24/sa-based-insight-terra-secures-5-7-million-to-bolster-climate-tech-platform/https://startupnews.africa/2025/01/24/sa-based-insight-terra-secures-5-7-million-to-bolster-climate-tech-platform/Fri, 24 Jan 2025 10:30:14 GMTSamuel IgeClimate 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.FundingStartupshttps://startupnews.africa/2025/01/22/enko-education-lands-24-million-set-sights-on-tripling-its-student-reach-across-africa-by-2029/https://startupnews.africa/2025/01/22/enko-education-lands-24-million-set-sights-on-tripling-its-student-reach-across-africa-by-2029/Wed, 22 Jan 2025 21:12:21 GMTSamuel IgeAs 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.FundingStartupshttps://startupnews.africa/2025/01/22/maxula-gestion-kicks-off-fresh-funding-round-for-tunisian-startups/https://startupnews.africa/2025/01/22/maxula-gestion-kicks-off-fresh-funding-round-for-tunisian-startups/Wed, 22 Jan 2025 20:51:34 GMTSamuel IgeThe funding is in step with Maxula Gestion’s broader ambition to inject fresh life into Tunisia’s sports sector through innovative ideas.FundingGeneralhttps://startupnews.africa/2025/01/22/renew-capital-backs-kenyas-sevi-with-funding-to-enhance-stock-financing-for-retailers/https://startupnews.africa/2025/01/22/renew-capital-backs-kenyas-sevi-with-funding-to-enhance-stock-financing-for-retailers/Wed, 22 Jan 2025 20:32:03 GMTSamuel IgeThe 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.FundingStartupshttps://startupnews.africa/2025/01/21/egypts-moneyhash-lands-5-2-million-in-pre-series-a-funding-seeks-to-unify-african-payment-systems/https://startupnews.africa/2025/01/21/egypts-moneyhash-lands-5-2-million-in-pre-series-a-funding-seeks-to-unify-african-payment-systems/Tue, 21 Jan 2025 22:50:30 GMTSamuel IgeMoneyHash’s milestone funding comes amid rising investment in African fintech startups, which have proven to be trailblazers in venture capital funding on the continent.FinTechStartupshttps://startupnews.africa/2025/01/21/sa-based-naked-lands-38-million-in-funding-in-the-insurtech-sectors-largest-african-deal/https://startupnews.africa/2025/01/21/sa-based-naked-lands-38-million-in-funding-in-the-insurtech-sectors-largest-african-deal/Tue, 21 Jan 2025 22:35:21 GMTSamuel Ige“This investment marks an exciting milestone, as we continue to define a new category of insurance,” says Alex Thomson, co-founder of Naked.FundingStartupshttps://startupnews.africa/2025/01/21/ifc-places-onafriqs-50-million-credit-line-on-hold/https://startupnews.africa/2025/01/21/ifc-places-onafriqs-50-million-credit-line-on-hold/Tue, 21 Jan 2025 22:15:02 GMTSamuel IgeSince its inception in 2021, Onafriq has rapidly spread across Africa through acquisitions and organic growth while its headquarters remained in London.FinTechStartupshttps://startupnews.africa/2025/01/20/nigerias-seamlesshr-lands-9-million-in-extension-of-series-a-funding-seeks-to-support-expansion-across-africa/https://startupnews.africa/2025/01/20/nigerias-seamlesshr-lands-9-million-in-extension-of-series-a-funding-seeks-to-support-expansion-across-africa/Mon, 20 Jan 2025 17:49:40 GMTSamuel IgeSince 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.FundingStartupshttps://startupnews.africa/2025/01/17/ilara-health-secures-1-million-in-loan-from-the-us-to-upgrade-kenyan-clinics/https://startupnews.africa/2025/01/17/ilara-health-secures-1-million-in-loan-from-the-us-to-upgrade-kenyan-clinics/Fri, 17 Jan 2025 15:20:06 GMTSamuel IgeThe $1 million loan to Ilara Health is part of a larger portfolio of 22 transactions approved by DFC in the first quarter of FY2025, amounting to nearly $3 billion.FundingHealthTechhttps://startupnews.africa/2025/01/16/morocco-based-car-wash-startup-secures-600000-in-funding-to-tackle-water-scarcity/https://startupnews.africa/2025/01/16/morocco-based-car-wash-startup-secures-600000-in-funding-to-tackle-water-scarcity/Thu, 16 Jan 2025 17:07:40 GMTSamuel IgeThe 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.FundingStartupshttps://startupnews.africa/2025/01/16/eco-conscious-travel-platform-conservio-raises-1-million-to-accelerate-expansion-across-south-africa/https://startupnews.africa/2025/01/16/eco-conscious-travel-platform-conservio-raises-1-million-to-accelerate-expansion-across-south-africa/Thu, 16 Jan 2025 12:50:07 GMTSamuel Ige“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.FundingStartupshttps://startupnews.africa/2025/01/16/novastar-ventures-invests-3-million-in-sistema-bio-to-support-biogas-solutions-in-africa/https://startupnews.africa/2025/01/16/novastar-ventures-invests-3-million-in-sistema-bio-to-support-biogas-solutions-in-africa/Thu, 16 Jan 2025 11:57:44 GMTSamuel IgeWith 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 roundFundingStartupshttps://startupnews.africa/2025/01/15/egypts-raseedi-eyes-5-minute-loans-following-kashat-acquisition-deal/https://startupnews.africa/2025/01/15/egypts-raseedi-eyes-5-minute-loans-following-kashat-acquisition-deal/Wed, 15 Jan 2025 12:42:42 GMTSamuel IgeWith the acquisition of Kashat, Raseedi will be able to offer cash loans of up to EGP 3,000 (approximately $95) to small business owners and sole proprietors, an amount that will be scheduled for disbursement within five minutesFinTechM&Ahttps://startupnews.africa/2025/01/14/the-awareness-company-taco-raises-1-6-million-to-support-ai-sustainability-platform/https://startupnews.africa/2025/01/14/the-awareness-company-taco-raises-1-6-million-to-support-ai-sustainability-platform/Tue, 14 Jan 2025 17:40:56 GMTSamuel IgeHaving onboarded over 50 B2B customers and forged partnerships with the United Nations and Microsoft, TACo seems to be gaining significant traction.FundingStartupshttps://startupnews.africa/2025/01/14/former-director-at-opay-leads-lemfi-to-secure-53-million-series-b-funding/https://startupnews.africa/2025/01/14/former-director-at-opay-leads-lemfi-to-secure-53-million-series-b-funding/Tue, 14 Jan 2025 16:59:09 GMTSamuel IgeAt the moment, LemFi operates across 27 send-from markets and 20 send-to countries, including Nigeria, Kenya, India, China, and Pakistan.FinTechFundinghttps://startupnews.africa/2025/01/13/expensya-founders-walk-out-on-company-after-medius-acquisition-set-eyes-on-new-ai-venture/https://startupnews.africa/2025/01/13/expensya-founders-walk-out-on-company-after-medius-acquisition-set-eyes-on-new-ai-venture/Mon, 13 Jan 2025 11:37:48 GMTSamuel IgeIn his farewell announcement, Jouini expressed pride in Expensya’s achievements and gratitude to colleagues, investors, and partners who contributed to its journey.M&AStartupshttps://startupnews.africa/2025/01/10/egypts-money-fellows-onboards-key-partner-accelerates-morocco-expansion-efforts/https://startupnews.africa/2025/01/10/egypts-money-fellows-onboards-key-partner-accelerates-morocco-expansion-efforts/Fri, 10 Jan 2025 14:25:19 GMTSamuel IgeNetwork International will utilize its extensive pan-regional experience to support Money Fellows’ expansion into Morocco and the wider African region.M&AStartupshttps://startupnews.africa/2025/01/10/nigerias-moniepoint-sets-its-gaze-on-uk-markets/https://startupnews.africa/2025/01/10/nigerias-moniepoint-sets-its-gaze-on-uk-markets/Fri, 10 Jan 2025 13:30:16 GMTSamuel IgeThe 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.FinTechStartupshttps://startupnews.africa/2025/01/08/sanabil-to-channel-3-billion-startup-investment-into-north-africa-with-orbit-accelerator/https://startupnews.africa/2025/01/08/sanabil-to-channel-3-billion-startup-investment-into-north-africa-with-orbit-accelerator/Wed, 08 Jan 2025 10:29:09 GMTSamuel IgeOrbit 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.FundingStartupshttps://startupnews.africa/2025/01/06/egypts-renile-lands-450000-funding-seeks-to-accelerate-regional-growth/https://startupnews.africa/2025/01/06/egypts-renile-lands-450000-funding-seeks-to-accelerate-regional-growth/Mon, 06 Jan 2025 16:15:39 GMTSamuel IgeCEO Eltawab also announced that the company is setting its eyes on contracts worth EGP 40 million ($1.3 million) in the first quarter of 2025.AgricTechFundinghttps://startupnews.africa/2025/01/06/egypts-nawy-acquires-roa-aims-to-expand-real-estate-services/https://startupnews.africa/2025/01/06/egypts-nawy-acquires-roa-aims-to-expand-real-estate-services/Mon, 06 Jan 2025 15:25:45 GMTSamuel IgeNawy will be able to make use of ROA’s capabilities in improving its service portfolio while helping property owners to maximize their investments.M&AStartupshttps://startupnews.africa/2024/12/27/jobo-interim-secures-2-million-in-funding-to-revolutionize-recruitment-in-west-africa/https://startupnews.africa/2024/12/27/jobo-interim-secures-2-million-in-funding-to-revolutionize-recruitment-in-west-africa/Fri, 27 Dec 2024 23:57:53 GMTSamuel IgeIn 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 influenceFundingStartupshttps://startupnews.africa/2024/12/26/chinas-gotion-joins-morocco-ev-fray-invests-e128-million/https://startupnews.africa/2024/12/26/chinas-gotion-joins-morocco-ev-fray-invests-e128-million/Thu, 26 Dec 2024 18:09:50 GMTSamuel IgeGotion’s new facility will have an initial production capacity of 20 gigawatt hours (GWh), with a potential to expand to 100 GWh.FundingGeneralhttps://startupnews.africa/2024/12/26/valu-raises-10-million-via-debt-market-in-latest-securitization-deal/https://startupnews.africa/2024/12/26/valu-raises-10-million-via-debt-market-in-latest-securitization-deal/Thu, 26 Dec 2024 16:16:08 GMTSamuel IgeIn a move that further diversifies the company’s offerings and enhances convenience for its growing customer base, ValU recently partnered with Visa to launch the Titanium credit card, providing exclusive benefits to its customers.FinTechFundinghttps://startupnews.africa/2024/12/26/egypts-swvl-draws-plans-beyond-2028-amid-bankruptcy-claims/https://startupnews.africa/2024/12/26/egypts-swvl-draws-plans-beyond-2028-amid-bankruptcy-claims/Thu, 26 Dec 2024 08:18:12 GMTSamuel IgeThe 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.GeneralStartupshttps://startupnews.africa/2024/12/25/pbr-life-sciences-lands-1-million-in-pre-seed-funding-to-accelerate-ai-powered-healthcare-expansion/https://startupnews.africa/2024/12/25/pbr-life-sciences-lands-1-million-in-pre-seed-funding-to-accelerate-ai-powered-healthcare-expansion/Wed, 25 Dec 2024 23:24:01 GMTSamuel IgePBR Life Sciences boasts of being the first firm in the region to establish an holistic and multifaceted healthcare data platform in form of “Versus”, its flagship solution that leverages artificial intelligence and machine learning to analyze data collected from retail pharmacies.FundingHealthTechhttps://startupnews.africa/2024/12/24/tingo-group-folds-up-listed-for-sale-in-shocking-conclusion-to-its-operations/https://startupnews.africa/2024/12/24/tingo-group-folds-up-listed-for-sale-in-shocking-conclusion-to-its-operations/Tue, 24 Dec 2024 22:43:07 GMTSamuel IgeAccording to local reports, Tingo Mobile, which serves as the fintech arm of the group, had already cut ties with contractors earlier in the year.GeneralStartupshttps://startupnews.africa/2024/12/24/alibaba-sets-foot-in-morocco-allows-local-retailers-expand-global-reach/https://startupnews.africa/2024/12/24/alibaba-sets-foot-in-morocco-allows-local-retailers-expand-global-reach/Tue, 24 Dec 2024 21:57:58 GMTSamuel IgeMorocco’s diverse industries, high-quality products, and strategic location make it an ideal partner for this expansion.”GeneralStartupshttps://startupnews.africa/2024/12/20/moroccos-talaty-receives-investment-from-witamax-to-bolster-ai-powered-credit-solutions/https://startupnews.africa/2024/12/20/moroccos-talaty-receives-investment-from-witamax-to-bolster-ai-powered-credit-solutions/Fri, 20 Dec 2024 01:17:24 GMTSamuel IgeMoreover, the investment by Witamax and Renew Capital indicates a shared vision of empowering local businesses and promoting sustainable economic development.FundingStartupshttps://startupnews.africa/2024/12/19/smollan-acquires-yebo-fresh-aims-to-drive-growth-in-township-communities/https://startupnews.africa/2024/12/19/smollan-acquires-yebo-fresh-aims-to-drive-growth-in-township-communities/Thu, 19 Dec 2024 23:49:48 GMTSamuel IgeThis 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.M&AStartupshttps://startupnews.africa/2024/12/18/sourcefin-secures-8-3m-from-futuregrowth-following-tymebank-acquisition-of-capital/https://startupnews.africa/2024/12/18/sourcefin-secures-8-3m-from-futuregrowth-following-tymebank-acquisition-of-capital/Wed, 18 Dec 2024 22:56:05 GMTSamuel IgeThe investment in Sourcefin aligns with HGDEF’s mandate to support high-growth, impactful businesses.FinTechStartupshttps://startupnews.africa/2024/12/18/proparco-backs-equator-africa-fund-with-5m-to-support-climate-focused-african-startups/https://startupnews.africa/2024/12/18/proparco-backs-equator-africa-fund-with-5m-to-support-climate-focused-african-startups/Wed, 18 Dec 2024 10:47:59 GMTSamuel IgeThe Equator Africa Fund has its headquarters in Nairobi and Lagos, using the local expertise in conjunction with global best practices to support startups with a potential to bring transformation.FundingGeneralhttps://startupnews.africa/2024/12/18/tyme-group-secures-250-million-series-d-funding-becomes-africas-ninth-unicorn/https://startupnews.africa/2024/12/18/tyme-group-secures-250-million-series-d-funding-becomes-africas-ninth-unicorn/Wed, 18 Dec 2024 10:11:25 GMTSamuel IgeWith this valuation, Tyme has taken the critical step to finally becoming a unicorn and Africa’s ninth one.FundingStartupshttps://startupnews.africa/2024/12/17/sanari-capital-raises-80m-africa-focused-fund-targets-technology-driven-growth/https://startupnews.africa/2024/12/17/sanari-capital-raises-80m-africa-focused-fund-targets-technology-driven-growth/Tue, 17 Dec 2024 13:02:13 GMTSamuel IgeSanari Capital focuses on mid-market investments, majorly serving founder-run, owner-managed, and family-owned businesses.FundingGeneralhttps://startupnews.africa/2024/12/12/morrocos-z-systems-secures-1-million-to-back-traditional-retailers/https://startupnews.africa/2024/12/12/morrocos-z-systems-secures-1-million-to-back-traditional-retailers/Thu, 12 Dec 2024 15:49:01 GMTSamuel IgeAt present, z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”FundingGeneralhttps://startupnews.africa/2024/12/10/south-africas-the-good-people-data-company-closes-undisclosed-amount-in-funding-round/https://startupnews.africa/2024/12/10/south-africas-the-good-people-data-company-closes-undisclosed-amount-in-funding-round/Tue, 10 Dec 2024 15:58:01 GMTSamuel IgeTGPDC is a South African startup that offers digital workflow automation, verification processes, and compliance solutions.FundingStartupshttps://startupnews.africa/2024/12/09/sonatel-spearheads-1-million-funding-round-to-help-eyone-digitize-real-time-medical-record-access/https://startupnews.africa/2024/12/09/sonatel-spearheads-1-million-funding-round-to-help-eyone-digitize-real-time-medical-record-access/Mon, 09 Dec 2024 15:46:58 GMTSamuel IgeUnder Gueye’s leadership, Eyone has gained recognition for its contributions to healthcare innovation. In 2017, the company won the second prize in the national phase of the Orange MENA Social Entrepreneur Prize.FundingHealthTechhttps://startupnews.africa/2024/12/09/seedstars-africa-lands-42-million-in-seed-funding-sets-focus-on-series-a-startups/https://startupnews.africa/2024/12/09/seedstars-africa-lands-42-million-in-seed-funding-sets-focus-on-series-a-startups/Mon, 09 Dec 2024 15:02:54 GMTSamuel IgeThe fund has already deployed $10 million to five startups operating across eight African countries, collectively serving over 60 million people.FundingGeneralhttps://startupnews.africa/2024/12/07/cauris-finance-secures-40-million-to-power-africas-fintech/https://startupnews.africa/2024/12/07/cauris-finance-secures-40-million-to-power-africas-fintech/Sat, 07 Dec 2024 19:41:25 GMTSamuel IgeCauris’s reputation in the African fintech ecosystem has grown alongside its involvement in transformative ventures.FundingStartupshttps://startupnews.africa/2024/12/03/bpifrance-supports-lafricamobile-with-a-7-million-series-a-investment/https://startupnews.africa/2024/12/03/bpifrance-supports-lafricamobile-with-a-7-million-series-a-investment/Tue, 03 Dec 2024 22:21:35 GMTSamuel IgeLAfricaMobile plans to direct the funds towards strengthening its presence in Central Africa and enhancing its product offerings through advanced AI integration.FundingStartupshttps://startupnews.africa/2024/12/03/nowlun-secures-1-7-million-to-expand-logistics-operations/https://startupnews.africa/2024/12/03/nowlun-secures-1-7-million-to-expand-logistics-operations/Tue, 03 Dec 2024 16:44:33 GMTSamuel IgeThis 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.FundingStartupshttps://startupnews.africa/2024/11/30/leapfrog-closes-fund-iv-at-1-15-billion-aims-to-boost-healthcare-finance-and-climate-solutions-in-africa/https://startupnews.africa/2024/11/30/leapfrog-closes-fund-iv-at-1-15-billion-aims-to-boost-healthcare-finance-and-climate-solutions-in-africa/Sat, 30 Nov 2024 17:28:04 GMTSamuel IgeThe $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.FundingStartupshttps://startupnews.africa/2024/11/30/kenyan-energy-startup-hydrobox-secures-9-million-in-debt-funding-from-fmo-edfi-mc/https://startupnews.africa/2024/11/30/kenyan-energy-startup-hydrobox-secures-9-million-in-debt-funding-from-fmo-edfi-mc/Sat, 30 Nov 2024 17:26:54 GMTSamuel IgeThis 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.FundingStartupshttps://startupnews.africa/2024/11/30/egypt-closes-in-on-fund-of-funds-initiative-to-support-local-vcs/https://startupnews.africa/2024/11/30/egypt-closes-in-on-fund-of-funds-initiative-to-support-local-vcs/Sat, 30 Nov 2024 17:25:41 GMTSamuel IgeIn an interview with Al Sharq Bloomberg Channel, Al-Abd highlighted the aim of the program’s expansion which was to reinforce Egypt’s growing startup ecosystem while extending its reach to growing African and Arab markets.FundingGeneralhttps://startupnews.africa/2024/11/29/solarbox-secures-1m-in-pre-seed-funding-makes-push-for-solar-powered-e-mobility-solutions/https://startupnews.africa/2024/11/29/solarbox-secures-1m-in-pre-seed-funding-makes-push-for-solar-powered-e-mobility-solutions/Fri, 29 Nov 2024 18:08:17 GMTSamuel IgeThe initiative will be an effort to tap into Senegal’s significant solar energy potential, which stands among the highest globallyFundingStartupshttps://startupnews.africa/2024/11/28/ariika-lands-3m-in-funding-to-accelerate-growth-in-the-middle-east/https://startupnews.africa/2024/11/28/ariika-lands-3m-in-funding-to-accelerate-growth-in-the-middle-east/Thu, 28 Nov 2024 13:40:43 GMTSamuel Igeariika has successfully opened its flagship store in Baghdad, Iraq, a move that capitalized on the market’s booming economy.Fundinghttps://startupnews.africa/2024/11/22/mtn-joins-the-space-internet-fray-with-leo-satellite-partnership/https://startupnews.africa/2024/11/22/mtn-joins-the-space-internet-fray-with-leo-satellite-partnership/Fri, 22 Nov 2024 12:08:57 GMTSamuel IgeThe idea of a partnership with LEO satellite providers comes off the back of the recent MTN 5.5G trials, which is the first of its kind in Africa.GeneralM&Ahttps://startupnews.africa/2024/11/21/hisa-co-founder-steps-down-as-cto-after-risevest-acquisition/https://startupnews.africa/2024/11/21/hisa-co-founder-steps-down-as-cto-after-risevest-acquisition/Thu, 21 Nov 2024 20:58:36 GMTSamuel IgeNow, 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.FinTechStartupshttps://startupnews.africa/2024/11/21/mama-money-to-change-the-face-of-south-african-banking-with-whatsapp-powered-bank-card/https://startupnews.africa/2024/11/21/mama-money-to-change-the-face-of-south-african-banking-with-whatsapp-powered-bank-card/Thu, 21 Nov 2024 09:46:58 GMTSamuel Ige“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.FinTechStartupshttps://startupnews.africa/2024/11/20/yellow-card-obtains-south-african-casp-license/https://startupnews.africa/2024/11/20/yellow-card-obtains-south-african-casp-license/Wed, 20 Nov 2024 20:21:18 GMTSamuel Ige“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.GeneralStartupshttps://startupnews.africa/2024/11/19/former-jumia-ceo-aims-to-bridge-global-talent-gap-with-jada/https://startupnews.africa/2024/11/19/former-jumia-ceo-aims-to-bridge-global-talent-gap-with-jada/Tue, 19 Nov 2024 18:57:12 GMTSamuel Ige“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. “Startupshttps://startupnews.africa/2024/11/19/andela-forms-crucial-partnership-with-cncf-aims-to-produce-20000-african-cloud-professionals/https://startupnews.africa/2024/11/19/andela-forms-crucial-partnership-with-cncf-aims-to-produce-20000-african-cloud-professionals/Tue, 19 Nov 2024 09:12:10 GMTSamuel IgeAndela 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 engineersGeneralStartupshttps://startupnews.africa/2024/11/18/lingawa-raises-1-1-million-in-funding-aims-to-revolutionize-african-language-education/https://startupnews.africa/2024/11/18/lingawa-raises-1-1-million-in-funding-aims-to-revolutionize-african-language-education/Mon, 18 Nov 2024 21:02:27 GMTSamuel IgeLingawa 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.FundingStartupshttps://startupnews.africa/2024/11/18/beacon-power-secures-series-a-funding-from-partech-to-expand-into-eastern-and-southern-africa/https://startupnews.africa/2024/11/18/beacon-power-secures-series-a-funding-from-partech-to-expand-into-eastern-and-southern-africa/Mon, 18 Nov 2024 14:27:13 GMTSamuel IgeBPS 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.FundingStartupshttps://startupnews.africa/2024/11/18/starlink-gets-approval-to-launch-its-internet-services-in-chad/https://startupnews.africa/2024/11/18/starlink-gets-approval-to-launch-its-internet-services-in-chad/Mon, 18 Nov 2024 13:56:50 GMTSamuel IgeChad’s Communications Minister, Boukar Michel, emphasised the importance of this partnership, stating, “A large part of our territory is not covered by fibre optics, and I believe that Starlink will help us bridge this gap.”GeneralM&Ahttps://startupnews.africa/2024/11/16/egypts-efreshli-lands-seed-funding-to-boost-expansion-welcomes-new-co-founder/https://startupnews.africa/2024/11/16/egypts-efreshli-lands-seed-funding-to-boost-expansion-welcomes-new-co-founder/Sat, 16 Nov 2024 03:43:58 GMTSamuel IgeThe 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 efficientlyFundingStartupshttps://startupnews.africa/2024/11/14/natsave-collaborates-with-airtel-money-to-launch-fikiliza-overdraft/https://startupnews.africa/2024/11/14/natsave-collaborates-with-airtel-money-to-launch-fikiliza-overdraft/Thu, 14 Nov 2024 21:18:42 GMTSamuel IgeThis feature is particularly useful for individuals and small business owners who may lack access to traditional banking services. It will be providing them with a convenient and secure means to obtain short-term credit.FinTechGeneralhttps://startupnews.africa/2024/11/14/access-bank-uk-acquires-mauritius-fourth-largest-bank/https://startupnews.africa/2024/11/14/access-bank-uk-acquires-mauritius-fourth-largest-bank/Thu, 14 Nov 2024 20:20:59 GMTSamuel Ige“Mauritius, renowned for its robust financial services sector, which contributes 13.4% to its gross domestic product, provides Access UK with a solid foundation to expand its operations in the high-growth personal and corporate banking segments.”FinTechGeneralhttps://startupnews.africa/2024/11/04/kobo360-ceo-ciku-mugambi-resigns-after-12-months-in-office-as-company-fails-to-raise-new-investments/https://startupnews.africa/2024/11/04/kobo360-ceo-ciku-mugambi-resigns-after-12-months-in-office-as-company-fails-to-raise-new-investments/Mon, 04 Nov 2024 22:09:42 GMTSamuel IgeHer resignation, which she disclosed during a company-wide meeting on 29 October, follows a period of expansion, but financial challenges for the company.FundingStartupshttps://startupnews.africa/2024/11/04/starlink-halts-new-sign-ups-amid-network-congestion/https://startupnews.africa/2024/11/04/starlink-halts-new-sign-ups-amid-network-congestion/Mon, 04 Nov 2024 21:04:52 GMTSamuel Ige“No roaming plans are available in Kenya at this time. Starlink is working to restore service in the disrupted areas and a notification will be sent once the residential plan is back,”GeneralM&Ahttps://startupnews.africa/2024/11/03/mtn-nigeria-in-recovery-mode-hikes-tarriff-amidst-514-9-billion-loss/https://startupnews.africa/2024/11/03/mtn-nigeria-in-recovery-mode-hikes-tarriff-amidst-514-9-billion-loss/Sun, 03 Nov 2024 00:18:10 GMTSamuel IgeMTN Nigeria’s Billboard (Source: Alamy) MTN Nigeria has revealed its financial results for the past nine months ending September 30, 2024. Data showed that the telco’s net losses grew by more than 3335% year on year to N514.928 billion, according to details from the telecommunication company’s unaudited financial statement revealed. This loss spiked from N14.984FinTechhttps://startupnews.africa/2024/10/29/moniepoint-lands-us110-million-investment-to-scale-digital-payments-and-banking-solutions/https://startupnews.africa/2024/10/29/moniepoint-lands-us110-million-investment-to-scale-digital-payments-and-banking-solutions/Tue, 29 Oct 2024 15:24:51 GMTSamuel IgeMoniepoint Inc. announced that it has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at using this funding to power the dreams of millions of businesses and customers across Africa and the globe. The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund, whichFinTechhttps://startupnews.africa/2024/10/22/sawari-ventures-approves-200-million-to-support-more-african-startups/https://startupnews.africa/2024/10/22/sawari-ventures-approves-200-million-to-support-more-african-startups/Tue, 22 Oct 2024 23:22:12 GMTSamuel Ige70% of the total $200 million, or $140 million, will be allocated to Egyptian startups over the next four to five years.FundingStartupshttps://startupnews.africa/2024/10/22/ihs-towers-gets-439-million-loan-to-refinance-debt-and-support-operations/https://startupnews.africa/2024/10/22/ihs-towers-gets-439-million-loan-to-refinance-debt-and-support-operations/Tue, 22 Oct 2024 21:56:53 GMTSamuel IgeAfrica’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%M&AStartupshttps://startupnews.africa/2024/10/18/yellow-card-lands-33-million-series-c-to-fund-growth-and-expansion/https://startupnews.africa/2024/10/18/yellow-card-lands-33-million-series-c-to-fund-growth-and-expansion/Fri, 18 Oct 2024 14:44:01 GMTSamuel IgeYellow Card, founded in Nigeria in 2019, is a fintech company that operates in 20 countries and facilitates more than $3 billion in transactions across the continentFinTechFundinghttps://startupnews.africa/2024/10/18/kenyas-sistema-bio-secures-15-million-in-seed-funding-to-boost-clean-energy-technology-across-africa/https://startupnews.africa/2024/10/18/kenyas-sistema-bio-secures-15-million-in-seed-funding-to-boost-clean-energy-technology-across-africa/Fri, 18 Oct 2024 14:09:34 GMTSamuel IgeWith its operations cutting across three continents, Sistema.bio boasts of positively transforming the lives of over 100,000 farms and more than 600,000 people worldwide while reducing over 1 million tons of CO2e emissions annually.AgricTechFundinghttps://startupnews.africa/2024/10/18/seed-funding-fuels-lapaire-expansion-plans-into-senegal-tanzania/https://startupnews.africa/2024/10/18/seed-funding-fuels-lapaire-expansion-plans-into-senegal-tanzania/Fri, 18 Oct 2024 00:14:32 GMTSamuel IgeThe 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 fairFundingStartupshttps://startupnews.africa/2024/10/17/wellpal-relocates-to-saudi-arabia-fueling-regional-growth-with-new-investment/https://startupnews.africa/2024/10/17/wellpal-relocates-to-saudi-arabia-fueling-regional-growth-with-new-investment/Thu, 17 Oct 2024 22:37:16 GMTSamuel IgeThe 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 expansionHealthTechStartupshttps://startupnews.africa/2024/10/14/m-kopa-appoints-former-nokia-ceo-as-new-board-chair-to-drive-global-growth/https://startupnews.africa/2024/10/14/m-kopa-appoints-former-nokia-ceo-as-new-board-chair-to-drive-global-growth/Mon, 14 Oct 2024 16:05:08 GMTSamuel IgeThis strategic appointment comes as M-KOPA, widely known for providing affordable smartphones and digital financial services to underserved consumers, seeks to expand its reach in emerging markets.FinTechhttps://startupnews.africa/2024/10/14/ketraco-adani-sign-landmark-736-million-deal-for-kenyan-power-transmission-lines/https://startupnews.africa/2024/10/14/ketraco-adani-sign-landmark-736-million-deal-for-kenyan-power-transmission-lines/Mon, 14 Oct 2024 07:47:48 GMTSamuel Ige“This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”GeneralM&Ahttps://startupnews.africa/2024/10/11/transform-health-fund-secures-111-million-targets-more-health-tech-startups/https://startupnews.africa/2024/10/11/transform-health-fund-secures-111-million-targets-more-health-tech-startups/Fri, 11 Oct 2024 20:41:00 GMTSamuel IgeFunding to bolster African Health-Tech System 11th October, 2024 Pan-African investment, AfricInvest, has announced that it has successfully closed its Transform Health Fund (THF), surpassing its initial $100 million benchmark in the process. The funding, with a final figure pegged at $111 million, was managed in partnership with the Health Finance Coalition (HFC). The HealthFundingHealthTechhttps://startupnews.africa/2024/10/11/south-africas-mustek-bolsters-diversification-plans-acquires-1-1-million-majority-stake-in-cybersecurity-firm/https://startupnews.africa/2024/10/11/south-africas-mustek-bolsters-diversification-plans-acquires-1-1-million-majority-stake-in-cybersecurity-firm/Fri, 11 Oct 2024 18:56:30 GMTSamuel IgeMustek 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)Startupshttps://startupnews.africa/2024/10/10/us-based-bg-titan-debuts-e-farms-in-uganda-flags-off-plans-to-expand-across-east-africa/https://startupnews.africa/2024/10/10/us-based-bg-titan-debuts-e-farms-in-uganda-flags-off-plans-to-expand-across-east-africa/Thu, 10 Oct 2024 22:12:21 GMTSamuel IgeUS-based BG Titan Group has launched its Titan E-Farms initiative in Uganda. This launch represents a first step aimed at transforming agriculture across East Africa. With a total project size exceeding $650 million, the Titan E-Farms project aims to establish a sustainable agricultural model that supports economic growth while tackling critical environmental challenges. On theAgricTechStartupshttps://startupnews.africa/2024/10/10/nigerian-fintech-okra-broadens-horizons-through-cloud-launch/https://startupnews.africa/2024/10/10/nigerian-fintech-okra-broadens-horizons-through-cloud-launch/Thu, 10 Oct 2024 00:47:10 GMTSamuel IgeNigerian open banking startup, Okra, has officially made its entrance into the cloud infrastructure market on the wings of its new service, Nebula. Nebula is a new cloud service designed to support local innovation and reduce reliance on foreign solutions. This feature positions Nebula competitively against local rivals like Nobus, Galaxy and Layered – allAgricTechStartupshttps://startupnews.africa/2024/10/10/equator-africa-lands-5-million-funding-to-boost-climate-tech-innovation-in-africa/https://startupnews.africa/2024/10/10/equator-africa-lands-5-million-funding-to-boost-climate-tech-innovation-in-africa/Thu, 10 Oct 2024 00:24:33 GMTSamuel IgeClimate Tech to contribute to combating climate changeFundingStartupshttps://startupnews.africa/2024/10/09/tunl-successfully-secures-seed-funding-for-ecommerce-export-growth-in-south-africa/https://startupnews.africa/2024/10/09/tunl-successfully-secures-seed-funding-for-ecommerce-export-growth-in-south-africa/Wed, 09 Oct 2024 22:41:51 GMTSamuel IgeSouth African shipping company for eCommerce exporters, TUNL, has completed a seed round to boost marketing support for small and medium sized enterprises (SMEs). This funding comes ten months after the startup announced its $1 million pre-seed funding to accelerate its expansion within its primary market, South Africa. At the same time, it aims toFundingStartupshttps://startupnews.africa/2024/10/03/kazang-initiates-card-acquisition-service-to-facilitate-payments-for-zambian-merchants/https://startupnews.africa/2024/10/03/kazang-initiates-card-acquisition-service-to-facilitate-payments-for-zambian-merchants/Thu, 03 Oct 2024 18:51:48 GMTSamuel IgeThe launch of Kazang Pay in Zambia comes on the heels of the introduction of the solution in South Africa, where around 60,000 small and micro merchants use Kazang Pay to accept card payments.FinTechStartupshttps://startupnews.africa/2024/10/03/yellow-malawi-secures-2-million-funding-to-light-up-malawi/https://startupnews.africa/2024/10/03/yellow-malawi-secures-2-million-funding-to-light-up-malawi/Thu, 03 Oct 2024 00:52:24 GMTSamuel IgeMalawi is reportedly one of the least electrified countries in the world, with 11% of the population connected to electricity, 42% in cities and only 4% in villages.Fundinghttps://startupnews.africa/2024/10/02/mastercard-partners-with-amazon-to-boost-digital-payments-in-egypt-and-south-africa/https://startupnews.africa/2024/10/02/mastercard-partners-with-amazon-to-boost-digital-payments-in-egypt-and-south-africa/Wed, 02 Oct 2024 23:41:45 GMTSamuel IgeAs a crucial part of the collaboration, Amazon will adopt Mastercard Gateway as a payment solution that will be made available in 40 markets in the regionFinTechGeneralhttps://startupnews.africa/2024/10/02/south-african-consortium-launches-17-million-seed-funding-to-bolster-indigenous-startups/https://startupnews.africa/2024/10/02/south-african-consortium-launches-17-million-seed-funding-to-bolster-indigenous-startups/Wed, 02 Oct 2024 22:59:08 GMTSamuel IgeFunding to provide early stage capital to at least 50 startupsFundingStartupshttps://startupnews.africa/2024/10/02/tymebank-reaches-crucial-milestone-secures-r7-billion-in-deposits/https://startupnews.africa/2024/10/02/tymebank-reaches-crucial-milestone-secures-r7-billion-in-deposits/Wed, 02 Oct 2024 08:32:11 GMTSamuel IgeTymeBank surpasses 10 million customers six years after fundingFinTechStartupshttps://startupnews.africa/2024/09/30/9-african-startups-recognized-on-the-2024-impact-100-list-for-global-innovation/https://startupnews.africa/2024/09/30/9-african-startups-recognized-on-the-2024-impact-100-list-for-global-innovation/Mon, 30 Sep 2024 16:09:28 GMTStartup News AfricaNine innovative African startups across various sectors have been honored on the Norrsken 2024 Impact/100 list, highlighting the continent’s growing potential to tackle global challenges through technology and entrepreneurship. The Impact/100 list, curated by the Norrsken Foundation, features 100 of the most promising impact startups worldwide, described as “100 ways to fix the future.” ThisStartupshttps://startupnews.africa/2024/09/29/raiz-launches-in-nigeria-transforming-digital-banking-with-multi-currency-accounts/https://startupnews.africa/2024/09/29/raiz-launches-in-nigeria-transforming-digital-banking-with-multi-currency-accounts/Sun, 29 Sep 2024 12:10:15 GMTStaff WriterRaiz is set to transform the way Nigerians interact with banking services by introducing multi-currency accounts and leveraging advanced artificial intelligence technologies. This groundbreaking approach aims to make banking more accessible, efficient, and inclusive for individuals and businesses alike. One of the standout features of Raiz is its Global Passport Account, which allows users toStartupshttps://startupnews.africa/2024/09/18/8-african-startups-make-techcrunch-battlefield-200-list/https://startupnews.africa/2024/09/18/8-african-startups-make-techcrunch-battlefield-200-list/Wed, 18 Sep 2024 16:20:00 GMTStartup News AfricaTechCrunch has announced that eight African startups—seven from Nigeria and one from Morocco—have been selected to participate in the prestigious Startup Battlefield 200 competition for 2024. This annual event shines a spotlight on the world’s top early-stage ventures, providing them with a global platform to pitch their innovative ideas, gain invaluable exposure, and compete forStartupshttps://startupnews.africa/2024/09/14/talk360-secures-1-4m-in-pre-series-a-funding-to-expand-global-reach/https://startupnews.africa/2024/09/14/talk360-secures-1-4m-in-pre-series-a-funding-to-expand-global-reach/Sat, 14 Sep 2024 15:30:00 GMTStartup News AfricaTalk360, the South African-based international calling app, has secured $1.4 million in a pre-Series A funding round led by long-standing investor HAVAÍC. This latest injection brings the company’s valuation to around $30 million and fuels its mission to connect seven million people by 2025. Founded in 2016 by South African entrepreneur Dean Hiine and DutchFundinghttps://startupnews.africa/2024/09/12/egyptian-fintech-startup-paymob-extends-series-b-to-72m-to-fuel-mena-expansion/https://startupnews.africa/2024/09/12/egyptian-fintech-startup-paymob-extends-series-b-to-72m-to-fuel-mena-expansion/Thu, 12 Sep 2024 03:05:09 GMTStartup News AfricaEgyptian fintech startup Paymob has announced a $22 million extension to its Series B funding round, bringing the total raised to $72 million. The extension was led by EBRD Venture Capital, with participation from existing investors including PayPal Ventures, British International Investment (BII), FMO, A15, Nclude, Helios Digital Ventures, and Endeavor Catalyst. Founded in 2015FinTechFundinghttps://startupnews.africa/2024/09/11/proparco-grants-loan-to-rubyx-to-speed-up-development/https://startupnews.africa/2024/09/11/proparco-grants-loan-to-rubyx-to-speed-up-development/Wed, 11 Sep 2024 16:15:08 GMTSamuel IgeRubyx CEO says Proparco’s backing will help speed up implementation of digital lending solutionsFundinghttps://startupnews.africa/2024/09/10/starlink-flags-off-operations-in-zimbabwe/https://startupnews.africa/2024/09/10/starlink-flags-off-operations-in-zimbabwe/Tue, 10 Sep 2024 00:35:09 GMTSamuel IgeElon Musk-owned satellite company continues to make inroads into AfricaGeneralStartupshttps://startupnews.africa/2024/09/05/flutterwave-appoints-new-cfo-nine-months-after-former-cfo-resigns/https://startupnews.africa/2024/09/05/flutterwave-appoints-new-cfo-nine-months-after-former-cfo-resigns/Thu, 05 Sep 2024 00:41:10 GMTSamuel IgeMitesh Popat Replaces O’Neal Bhambani as Chief Financial OfficerFinTechGeneralStartupshttps://startupnews.africa/2024/09/02/nala-expands-its-operations-in-uganda-after-acquiring-imto-license/https://startupnews.africa/2024/09/02/nala-expands-its-operations-in-uganda-after-acquiring-imto-license/Mon, 02 Sep 2024 21:58:00 GMTSamuel IgeTanzanian FinTech Startup, NALA Follows in Flutterwave’s Market Entry as it obtains a Money Remittance License in UgandaFinTechGeneralStartupshttps://startupnews.africa/2024/09/02/kenyan-e-commerce-startup-chpter-raises-1-2-million-in-pre-seed-funding/https://startupnews.africa/2024/09/02/kenyan-e-commerce-startup-chpter-raises-1-2-million-in-pre-seed-funding/Mon, 02 Sep 2024 16:00:26 GMTSamuel IgeChpter’s Acceptance into Norssken and Safaricom Park Accelerator Programs May Have Strengthened Closing Pre-seed DealFundingStartupshttps://startupnews.africa/2024/09/02/transportation-startup-lula-acquires-zeelos-south-african-branch/https://startupnews.africa/2024/09/02/transportation-startup-lula-acquires-zeelos-south-african-branch/Mon, 02 Sep 2024 00:20:20 GMTSamuel IgeLULA has taken over the South African branch of the US-based staff bus-sharing startup Zeelo in an acquisition of undisclosed amount. LULA is a ride sharing platform dedicated to serving office workers. Zeelo launched in South Africa in the year 2019 and has raised $33 million in funding. It has completed more than 2 millionM&Ahttps://startupnews.africa/2024/08/31/kredete-raises-2-25m-in-seed-funding-to-help-african-immigrants-make-payments/https://startupnews.africa/2024/08/31/kredete-raises-2-25m-in-seed-funding-to-help-african-immigrants-make-payments/Sat, 31 Aug 2024 00:25:25 GMTSamuel IgeKredete, a Nigerian financial software platform has raised US$2.25 million in seed funding to help it further scale across the continent. Having already built a presence in up to 20 African countries, Kredete is focused on enabling African Immigrants to builf credit scores and send money back home. Kredete was founded in 2023 with theFinTechFundingStartupshttps://startupnews.africa/2024/08/30/rwandas-ampersand-secures-added-2-million-in-equity-and-debt-funding/https://startupnews.africa/2024/08/30/rwandas-ampersand-secures-added-2-million-in-equity-and-debt-funding/Fri, 30 Aug 2024 22:19:03 GMTSamuel IgeAHL Venture Partners and Everstrong Capital back the electric-mobility company’s expansion in East Africa.Fundinghttps://startupnews.africa/2024/08/29/flutterwave-secures-bank-of-uganda-license-to-empower-seamless-payments/https://startupnews.africa/2024/08/29/flutterwave-secures-bank-of-uganda-license-to-empower-seamless-payments/Thu, 29 Aug 2024 18:03:00 GMTSamuel IgeFlutterwave gets major boost to its operations in Uganda as it finally secures a Payment Systems Operator (PSO) license from the Bank of Uganda. This will enable businesses in the country to access its payment solutions. This license will enable businesses in Uganda to make single and bulk payouts to suppliers, employees, and partners. ThisFinTechGeneralhttps://startupnews.africa/2024/08/22/ihs-towers-lays-off-100-employees-as-profit-margins-decrease/https://startupnews.africa/2024/08/22/ihs-towers-lays-off-100-employees-as-profit-margins-decrease/Thu, 22 Aug 2024 00:18:57 GMTSamuel IgeCurrency devaluation results in $1.9 billion in losses in the 2023 fiscal yearGeneralM&AStartupshttps://startupnews.africa/2024/08/20/waza-bursts-into-the-scene-with-8m-global-trade-boost-for-african-businesses/https://startupnews.africa/2024/08/20/waza-bursts-into-the-scene-with-8m-global-trade-boost-for-african-businesses/Tue, 20 Aug 2024 00:11:28 GMTSamuel IgePayments and liquidity platform aims to solve trade deficits resulting from increasing demand for the dollarFinTechFundingGeneralStartupshttps://startupnews.africa/2024/08/19/wattnow-secures-investment-from-lateral-frontiers-vc-to-accelerate-global-expansion/https://startupnews.africa/2024/08/19/wattnow-secures-investment-from-lateral-frontiers-vc-to-accelerate-global-expansion/Mon, 19 Aug 2024 19:18:23 GMTStartup News AfricaWattnow, a Tunisian startup specializing in AI-powered energy management solutions, has secured an undisclosed investment from Lateral Frontiers Venture Capital. The funding comes from Lateral Frontiers’ recently closed $28 million Fund II, aimed at supporting high-growth ventures across Africa and beyond. Founded in 2018 by CEO Issam Smaali, Wattnow has developed a smart energy managementFundinghttps://startupnews.africa/2024/08/10/hohm-energy-enters-business-rescue-months-after-8-million-raise/https://startupnews.africa/2024/08/10/hohm-energy-enters-business-rescue-months-after-8-million-raise/Sat, 10 Aug 2024 15:59:00 GMTSamuel IgeInability to service debts, cash flow problems, and electricity stability cripple Hohm EnergyM&AStartupshttps://startupnews.africa/2024/07/16/bamburis-largest-shareholder-sanctions-182-8-million-sale-to-amsons-group/https://startupnews.africa/2024/07/16/bamburis-largest-shareholder-sanctions-182-8-million-sale-to-amsons-group/Tue, 16 Jul 2024 16:40:10 GMTSamuel IgeBamburi‘s biggest shareholder has approved a $182.8 million buyout offer from the Amsons Group. Holcim, the shareholder company in question, is a Swiss construction materials manufacturing company. It has made the decision to sell its 58.6% stake in Bamburi, Kenya’s biggest cement maker to Amsons, a Tanzanian energy group. Bamburi boasts of being the largestM&Ahttps://startupnews.africa/2024/07/02/launch-africa-ventures-invests-over-4-3-million-usd-in-african-startups/https://startupnews.africa/2024/07/02/launch-africa-ventures-invests-over-4-3-million-usd-in-african-startups/Tue, 02 Jul 2024 07:35:00 GMTStartup News AfricaThe Venture firm insists it remains committed to “invest, grow and scale” African tech startupsFundinghttps://startupnews.africa/2024/07/01/peleza-merges-with-prembly-forms-prembly-group/https://startupnews.africa/2024/07/01/peleza-merges-with-prembly-forms-prembly-group/Mon, 01 Jul 2024 04:20:00 GMTStartup News AfricaPeleza, the Kenyan identity management startup has merged with YC-backed Prembly. The outcome of this merger is a new business entity known as the Prembly Group. The move follows a long period of collaboration between the two partners during which they realized that a permanent merger would enable cost-saving and enhance revenue growth from jointM&Ahttps://startupnews.africa/2024/06/25/egyptian-fintech-startup-connect-money-raises-8-million-usd-seed-money/https://startupnews.africa/2024/06/25/egyptian-fintech-startup-connect-money-raises-8-million-usd-seed-money/Tue, 25 Jun 2024 07:07:00 GMTStartup News AfricaConnect Money Secures Funding For Northern African ExpansionFundinghttps://startupnews.africa/2024/06/02/kenyan-gro-intelligence-shuts-down-operations-due-to-bankruptcy/https://startupnews.africa/2024/06/02/kenyan-gro-intelligence-shuts-down-operations-due-to-bankruptcy/Sun, 02 Jun 2024 23:07:34 GMTSamuel IgeAgricultural data analytics startup, Gro Intelligence has reportedly decided to shut down its operations in the United States of America. This comes on the heels of its difficulty of securing sufficient capital to stay in business. The company is also under investigation by the United States Securities and Exchange Commission (SEC) reportedly over fraud. AgFunderNewsStartupshttps://startupnews.africa/2024/06/02/yola-fresh-secures-7-million-to-fund-agri-tech-innovations-in-morocco/https://startupnews.africa/2024/06/02/yola-fresh-secures-7-million-to-fund-agri-tech-innovations-in-morocco/Sun, 02 Jun 2024 01:18:00 GMTStartup News AfricaMoroccan Agri-Tech Company Receives $7 Million Pre-series A For Transparent and Sustainable Food Supply YoLa Fresh, an innovative Moroccan agri-tech startup has taken giant strides towards accelerating its expansion in its home base. It has successfully raised up to $7 million in a pre-Series A funding round to fuel its expansion. This $7 million pre-SeriesFundinghttps://startupnews.africa/2024/05/30/patoranking-partners-with-alx-africa-launches-500000-tech-scholarship/https://startupnews.africa/2024/05/30/patoranking-partners-with-alx-africa-launches-500000-tech-scholarship/Thu, 30 May 2024 22:45:00 GMTStartup News AfricaIn a strategic partnership with ALX Africa, the Patoranking Foundation has launched its $500,000 (approx. NGN700 million) tech scholarship initiative which aims to provide 40 young tech-passionate Africans with access to a variety of technology programs in data analytics, cloud computing, and Salesforce administration. The foundation has invested over $1 million (approx. NGN1.4 billion) inFundinghttps://startupnews.africa/2024/05/16/flutterwave-hit-by-security-breach-loses-over-11-billion-naira/https://startupnews.africa/2024/05/16/flutterwave-hit-by-security-breach-loses-over-11-billion-naira/Thu, 16 May 2024 17:25:00 GMTStartup News AfricaOne month after court order to recover $24 million, FinTech company, Flutterwave suffers another security breachFinTech