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...
MFS Africa, one of Africa’s largest digital payments networks, has raised $100-million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including the recently announced acquisition of Baxi in Nigeria. The new investor...
Amazon Web Services has launched the AWS Startup Loft Accelerator, a 10-week, virtual, equity-free acceleration program for early-stage startups in countries across Europe, the Middle East and Africa. Participants of the startup accelerator will have tailored personal training with access to experienced advisors, subject matter experts, investors, and some of...
This week, the Presidential Office held a special meeting with individuals from various organisations that are invested in the growth and support of local entrepreneurs and businesses to discuss what is needed to eliminate the red tape obstructing the growth of small and medium enterprises. Among them were representatives from...
There is a persistent issue when it comes to the lack of education and how it contributes to the cycle of poverty, especially in underdeveloped areas of the world. According to UNESCO, more than 617-million children worldwide are lacking knowledge in basic subjects. The situation is alarming in Sub-Saharan Africa...
Last month, US-based fintech unicorn startup Chipper launched its free Chipper Cash app in SA to facilitate peer-to-peer (P2P) money transfers and instant cross-border payments in Africa. According to a statement from the company, the Chipper Cash app was created to make money transfers easy and efficient for Africans at...
Recently, global engineering talent outsourcer Andela reached the highly exalted status as a unicorn startup - a startup with a valuation of $1-billion or more. Andela joins an exceedingly exclusive group as one of Africa's 5 startup unicorns currently operating. The first startup in Africa to achieve a ten-figure valuation...
Yesterday, Chipper, one of the fastest growing African fintech start-ups that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable South Africans to enjoy free unlimited instant domestic money transfers,...
Unicorn Group, a pan-African, investment company targeting innovative ideas, start-ups, and early-stage companies in the technology and technology-enabled sectors across Africa has launched the Unicorn Incubation campus in Johannesburg, South Africa. The Unicorn incubation and innovation campus aims to host an entrepreneurial ecosystem under one roof and help African entrepreneurs...
Wave, a Senegal-based mobile money provider have raised $200-million in a Series A round of funding, reports Tech Crunch. The investment marks the largest-ever Series A funding round for a fintech startup in Africa, and it values Wave at around $1.7-billion. No other startup company in Africa has managed to raise...
Despite the limitations of a global pandemic and its attendant lockdowns, African venture capital had a bumper year in 2020. According to a report from the African Private Equity and Venture Capital Association, the number of total reported venture capital deals in Africa in 2020 rose to 319 from 140...
South Africa-based, fintech enablement solutions provider, Ukheshe Technologies has announced a new partnership with global next-generation card solutions and digital security company, dzcard. Headquartered in Thailand, with offices worldwide including in India and Tanzania, dzcard's new partnership with Ukheshe will enhance the firm's customisable solutions for various digital ecosystems and...
Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank's venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the payment platform's value surge to $2-billion. OPay's latent funding and the...
Neuralink, the brain-computer interface startup founded by tech tycoon Elon Musk, has raised $205-million during a round of Series C funding. The biggest amount raised by far for any company in its field. In a post on Neuralink's official blog, the company says that Dubai-based venture capital firm Vy Capital...
Go1, one of the world’s largest corporate education content hubs for on-demand training and resources, recently announced a $200-million Series D round - valuing the company at more than $1-billion. The online learning platform, co-founded by South African Melvyn Lubega and Australian Andrew Barnes together with their friends from high...
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other African cities are quickly emerging as leading startup and investment...
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