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.
Topic
African Startups
Reporting on African Startups.
Showing 81–100 of 141 articles
Funding
Proparco Backs Equator Africa Fund With $5M To Support Climate-Focused African Startups
The 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.
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
Sanari Capital Raises $80M Africa-Focused Fund, Targets Technology-Driven Growth
Sanari Capital focuses on mid-market investments, majorly serving founder-run, owner-managed, and family-owned businesses.
Funding
Morroco’s Z.Systems Secures $1 Million To Back Traditional Retailers
At present, z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”
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.
Funding
Sonatel Spearheads $1 Million Funding Round To Help Eyone Digitize Real-Time Medical Record Access
Under 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.
Funding
Seedstars Africa Lands $42 Million In Seed Funding, Sets Focus On Series A Startups
The fund has already deployed $10 million to five startups operating across eight African countries, collectively serving over 60 million people.
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.
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
Egypt Closes In On Fund of Funds Initiative To Support Local VCs
In 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.
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
M&A
MTN Joins The Space Internet Fray With LEO Satellite Partnership
The 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.
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
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