Starting a company is no easy feat. It takes hard work, dedication, and perseverance to get a business off the ground. But in today’s world, there are a number of tools and technologies that make it easier than ever before to start a company. You will have to consider...
Google today announced the participants in Google for Startups Accelerator Africa Class 7. The selected startups are developing solutions in areas such as healthcare, education, fleet management, logistics automation, and recruiting. This seventh class includes 15 tech startups from seven African countries, with Cote D’Ivoire joining for the first time....
Flapmax announced today the twelve companies selected for the first cohort of the FAST startup accelerator, created to help strengthen and scale Africa’s digital ecosystem in partnership with US tech titan Microsoft. Flapmax’s twelve-week startup accelerator begins March 21st. The diverse class of entrepreneurs come from 6 different countries, serve...
Fonbnk, a US-based company that leverages the widespread penetration of billions of prepaid mobile SIM cards to enable interoperability between the Web3 internet and traditional fiat-based monetary systems, announced on Tuesday the closing of a $3.5 million seed round. Fonbnk allows anyone in Africa and other emerging markets that use...
International tech powerhouse Microsoft has announced new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. According to the announcement, these new initiatives will be under the remit of its recently established Africa Transformation Office (ATO). Microsoft’s recently launched...
According to a press report published by Forbes Middle East, OPay has garnered a significant amount of support in Egypt. The Nigeria-founded fintech entity is one of Africa's most valuable startups and unquestionably one of Africa's fintech unicorns. It is also considered one of the fastest-growing companies in the Egyptian...
Clickatell, a Cape Town-founded and California-based fintech firm, CPaaS innovator and creator of the Chat Commerce platform yesterday announced it has secured $91-million in its latest Series C round of funding. This round was led by Arrowroot Capital, with participation from Kennedy Lewis Investment Management, Endeavor Global and Harvest. According to...
Lipa Payments, a South African-based fintech start-up, has secured a R10-million ($659-thousand) investment from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank SA. Lipa Payments was one of the finalists in Capitec Bank’s Life 2.0 Hackathon in 2020. The fintech is bringing the “Tap to Pay” experience to...
Thndr, the Egyptian digital investment platform, announces a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO. The new funding will go...
Investment into the African tech startup ecosystem almost trebled over the course of a record-breaking 2021 that saw total funding pass the US$2 billion mark for the first time. This is according to the seventh edition of the annual African Tech Startups Funding Report released by startup news and research...
Ventures Platform, the early-stage “discovery” venture capital fund championing the next generation of African entrepreneurs, has announced the first close of its new US$40m Pan-African, early-stage fund to invest in market-creating innovations. With this close led by the Nigeria Sovereign Investment Authority (NSIA), the new fund features participation from...
Gozem, a leading multi-vertical super app platform in West & Central Africa, announced today the closing of a $5 million Series A round raised from corporate and institutional investors spread across four continents with specialities in healthtech, fintech, and mobility. The main investors of the round include AAIC, Thunes (TransferTo),...
Adumo, one of South Africa’s largest independent payment processors, today announced it has acquired SwitchPay, a South African startup providing alternative payment services to merchants and retailers, for an undisclosed amount. According to Adumo CEO Paul Kent, the investment comes at a time when consumer interest in new payment options...
A home-grown fintech start-up, Float, has brought South Africa’s first interest-free Buy Now, Pay Later (BNPL) product that uses a customer’s existing credit, to market. This novel product enables consumers to get their purchases upfront and use existing credit to pay in up to 24 interest-free, fee-free equal monthly instalments....
Kenyan tech startup Wowzi has announced its plans to create one million gig jobs for African youth in 2022 through its online marketplace, after it says it has successfully delivered over 150,000 paid jobs in 2021. The firm that makes scalable influencer campaigns accessible to brands and companies of any...
AURA, a leading African-based security and medical response marketplace, has secured $4.7-million (R62 million) in a Series A funding round, which was led by South Africa's MultiChoice Group (MCG), KLT Holdings and Buffet Investments. This latest round positions AURA favourably for its global expansion plans, the firm says. AURA is a...
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