Funding · Africa
Sabou Capital plans investments in 25 African SMEs
Surrayah Ahmed’s Sabou Capital targets technology-enabled small and medium enterprises across Africa.
Topic
Funding
Reporting on Funding.
Showing 1–20 of 93 articles
Fintech · South Africa
South Africa’s NjiaPay raises $1.3 million to expand payments services
The South African company raised pre-seed funding to build an integrated payments service.
Energy & mobility · Africa
CrossBoundary Energy raises $45 million for renewable energy projects across Africa
The clean-power company secured financing from EAAIF for commercial and industrial renewable energy projects.
Fintech · Morocco · Promoted content
ORA Technologies raises $1.9 million for payments and e-commerce
Moroccan investors back the company’s digital wallet and e-commerce expansion.
Funding
Kenya’s Badili Raises $400,000 In Funding To Tackle E-waste
Badili sources for used devices from developed markets, takes them through a thorough refurbishment process, then offers them for sale in Kenya at reduced prices.
Funding
LoftyInc Capital Lands $43 Million To Help African Startups Navigate Series A Funding Gaps
Coming 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.
Companies · Egypt
Egypt’s Widebot raises $3 million in Saudi-backed funding
The Egyptian startup raised funding to develop Arabic-language AI.
Funding · Promoted content
Khula Investors Receive Boost as Startup Lands $6.7 Million Series A For African Farm Platform
Since its seed funding round in 2023, Khula’s valuation has reportedly increased tenfold, reflecting investor optimism in its growth trajectory.
Funding
Finnfund Intensifies Support For South Africa’s Fibertime With €2 Million Follow-on Funding
As 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.
Funding
Kholo Capital Secures $76 Million For South African SMEs
Kholo 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).
Funding
Silicon Badia Backs Journify With $4 Million In Strategic Venture Into Morocco
Journify has also built strategic partnerships with major digital platforms, including TikTok, Google, and Snap, further enhancing its reach and impact.
Funding
Ghana-based Oze Raises Funding From Visa and DEG, Aims To Bolster AI Lending For African SMEs
At the moment, Oze operates across eight African nations including Ghana, Nigeria, and Rwanda, partnering with commercial banks like Ecobank to extend its reach.
Funding
Nigeria’s VFD Group Eyes Fintech With $3.3 Million V Bank Investment
V 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.
Funding
Ivory Coast’s Djamo Secures $1.3 Million In Post Series B Funding
These 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.
Funding
AgDevCo Secures $85 Million From European Banks To Bolster African Food Systems
AgDevCo aims to address these challenges by providing flexible, long-term capital to small and medium-sized agribusinesses in Africa.
Energy & mobility · Kenya
BII invests another $4 million in Kenya’s SunCulture
The follow-on investment supports solar irrigation financing and expansion.
Funding
Dabchy Closes Pre-Series A Funding Round To Scale Circular Fashion In MENA
The investment also positions Dabchy for accelerated growth as it seeks to expand its footprint across the region and diversify its product offering.
Funding
Capi Money Secures $17.9 Million To Support Invoice Settlement For African Importers
The 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.
Funding
Egypt-based SaaS Startup QME Raises $3 Million To Revolutionize Customer Experience in MENA
Qme’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.
Funding
Egypt-based Taager Secures $6.75 Million To Accelerate Social Commerce Expansion in MENA
Taager 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.