Startups
News updates on startups in Africa. Send tips to info@techtrendske.co.ke.
Madica announces new investment in three African startups
1 day ago
Madica announces new investment in three African startups
Madica, a structured investment program designed for pre-seed stage startups in Africa has announced its first set of investments in…
Cellulant announces new executives appointments
1 week ago
Cellulant announces new executives appointments
African payments firm Cellulant has announced the appointment of several leading executives to its management team. The company said in…
Mastercard Foundation launches agribusiness challenge for SMEs in Africa
2 weeks ago
Mastercard Foundation launches agribusiness challenge for SMEs in Africa
The Mastercard Foundation Fund for Resilience and Prosperity has launched an Agribusiness Challenge Fund targeting SMEs across 20 countries in…
How this healthtech startup is changing the face of Kenyan healthcare
3 weeks ago
How this healthtech startup is changing the face of Kenyan healthcare
Healthcare is one of the biggest challenges facing Africa today, with research showing that as many as half of all…
Applications for the Visa Everywhere Initiative 2024 Open
3 weeks ago
Applications for the Visa Everywhere Initiative 2024 Open
Visa has opened applications for its 2024 edition of the Visa Everywhere Initiative (VEI), a global open innovation program and…
Ghana’s health-tech startup Rivia acquires SaaS company Waffle to expand digital healthcare network
3 weeks ago
Ghana’s health-tech startup Rivia acquires SaaS company Waffle to expand digital healthcare network
Ghana-based health tech leader Rivia has announced the acquisition of Waffle, another Ghanaian SaaS company specializing in software for small…
LemFi receives regulatory approval to offer remittance services in Kenya in partnership with Wapi Pay
3 weeks ago
LemFi receives regulatory approval to offer remittance services in Kenya in partnership with Wapi Pay
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received approval…
Kenya’s BURN secures $12 million to expand its clean cooking products across Africa
4 weeks ago
Kenya’s BURN secures $12 million to expand its clean cooking products across Africa
BURN Manufacturing (BURN), a leading Kenyan clean cookstove manufacturer, distributor, and carbon project developer raised over $12 million to expand…
Winner of the MEST Africa 2023 Challenge Announced
March 25, 2024
Winner of the MEST Africa 2023 Challenge Announced
MEST Africa, the Pan-African tech entrepreneurship training program, seed fund, and incubator, has announced Koa Academy as the grand prize…
South African fintech Float secures $11 million in funding
March 21, 2024
South African fintech Float secures $11 million in funding
Float, the South African fintech which offers shoppers a smarter way to use their credit cards has secured $11 million…
Nigerian fintech Zone raises $8.5m to scale its decentralized payment infrastructure
March 20, 2024
Nigerian fintech Zone raises $8.5m to scale its decentralized payment infrastructure
Zone, the Nigerian payment infrastructure company has raised $8.5 million in an oversubscribed seed funding round led by VC firms…
Bolt launches a Ksh.2.9m accelerator program for its drivers in Kenya
March 19, 2024
Bolt launches a Ksh.2.9m accelerator program for its drivers in Kenya
Ride hailing platform Bolt has today launched an Accelerator Program for its drivers and riders in Kenya. The program will…
Village Capital launches call for startups in Africa focused on Greentech
March 19, 2024
Village Capital launches call for startups in Africa focused on Greentech
Village Capital, with support from Moody’s Foundation, have launched Greentech 2024: The Future of Sustainability, an investment-readiness accelerator. The program…
Empowering Innovation: OPPO’s Strategic Collaboration with Startups on Tech Advancements
March 7, 2024
Empowering Innovation: OPPO’s Strategic Collaboration with Startups on Tech Advancements
Today, with 150 million startups worldwide and another 50 million launching each year, innovation and creativity are reshaping industries. However,…
Founders Factory Africa LIVE podcast details the importance of choosing the right capital in 2024
March 5, 2024
Founders Factory Africa LIVE podcast details the importance of choosing the right capital in 2024
Founders Factory Africa recently hosted a live version of The African Pre-seed Podcast. The episode focused on the good and bad…
Solcon Capital and IFC partner to provide growth capital to deep tech companies in South Africa
March 5, 2024
Solcon Capital and IFC partner to provide growth capital to deep tech companies in South Africa
IFC and Solcon Capital have announced an agreement to support deep tech startups in South Africa and India. This strategic…
Sankalp Africa Summit 2024: Empowering Africa’s Entrepreneurs to Drive Global Sustainable Solutions
March 1, 2024
Sankalp Africa Summit 2024: Empowering Africa’s Entrepreneurs to Drive Global Sustainable Solutions
The recently concluded 11th Edition Sankalp Africa Summit 2024 hosted at Kenya School of Monetary Studies in Nairobi, has once…
Nigerian debt recovery startup BFREE secures $2.95m funding
March 1, 2024
Nigerian debt recovery startup BFREE secures $2.95m funding
BFREE, a Nigerian tech-enabled debt collection startup has secured $2.95 million in fresh funding, to redefine debt collection in Africa.…
Strategic policies needed to grow the startup ecosystem in Africa, Mozilla study
March 1, 2024
Strategic policies needed to grow the startup ecosystem in Africa, Mozilla study
The last couple of years have been very interesting for the African startup ecosystem. 2023 specifically saw a rebalancing of…
IFC announces top 100 women-led startups in She Wins Africa Initiative
February 27, 2024
IFC announces top 100 women-led startups in She Wins Africa Initiative
IFC has announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program. She…
South African climate-tech Hohm Energy secures $8m to scale adoption of rooftop solar
February 22, 2024
South African climate-tech Hohm Energy secures $8m to scale adoption of rooftop solar
Amidst a growing energy crisis, South Africa finds itself in the grip of escalating power shortages, resorting to daily electricity…
Roam raises $24M funding to scale electric vehicle production in Kenya
February 20, 2024
Roam raises $24M funding to scale electric vehicle production in Kenya
Kenyan Electric Vehicle (EV) maker Roam has secured $24M in a Series A round to scale its operations in the…
Empowering Africa’s Economic Future: Fintech’s Role in Driving Financial Inclusion in Africa
February 17, 2024
Empowering Africa’s Economic Future: Fintech’s Role in Driving Financial Inclusion in Africa
In recent years, Africa has emerged as a hotbed for innovation and entrepreneurship, with its rapidly growing population and increasing…
Britam targets insurtech and fintech startups with new incubation programme
February 16, 2024
Britam targets insurtech and fintech startups with new incubation programme
Britam has launched Beta Lab, a new insurance innovation and acceleration programme to nurture budding insurtech and fintech startups. The…
OX Delivers secures funding to roll-out affordable clean transport for Africa
February 16, 2024
OX Delivers secures funding to roll-out affordable clean transport for Africa
OX Delivers, a UK-based emobility startup, has received a £1.2 million funding grant from Energy Catalyst as the company readies its next-generation affordable…
Catalyst Fund Invests $1.8M in African Climate Startups
February 14, 2024
Catalyst Fund Invests $1.8M in African Climate Startups
The Catalyst Fund today announced an investment of $1.8 million in 9 early-stage climate tech startups across Africa. This brings…
Visa Africa Fintech Accelerator program hosts first demo day in Nairobi
February 14, 2024
Visa Africa Fintech Accelerator program hosts first demo day in Nairobi
Visa held its Africa Fintech Accelerator program first demo day on February 13th in Nairobi to showcase innovations from emerging…
Kenyan healthtech Ilara Health secures $4.2M to scale its tech-enabled primary care model
February 12, 2024
Kenyan healthtech Ilara Health secures $4.2M to scale its tech-enabled primary care model
Ilara Health, the healthtech company digitising and consolidating highly fragmented primary care in Kenya, has today announced the close of…
EABL parent firm picks Kenyan startup for inaugural growth accelerator programme
February 12, 2024
EABL parent firm picks Kenyan startup for inaugural growth accelerator programme
Kenyan startup Wowzi has been selected to join the first cohort of Diageo PLC’s growth accelerator programme through Diageo’s work…
Glovo Launches Graduate Program for Young Kenyan Talent, How to Apply
February 6, 2024
Glovo Launches Graduate Program for Young Kenyan Talent, How to Apply
On-demand delivery platform Glovo has launched an Africa Graduate Program targeting young talent in Kenya. Known as Glovo Africa Graduate…
Venture Capital in Africa: A Broken System in Need of Repair
February 1, 2024
Venture Capital in Africa: A Broken System in Need of Repair
In recent years, Africa has been touted as the next frontier for investment, with its burgeoning tech scene and a…
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
January 29, 2024
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
alGROWithm secures funding to scale its Growth Talent Accelerator Program across six African countries
January 24, 2024
alGROWithm secures funding to scale its Growth Talent Accelerator Program across six African countries
In March 2022, alGROWithm announced an initiative where they started building Africa’s first-ever Growth Talent Accelerator Program (GTAP). Fast forward…
SafeBoda to resume its operations in Kenya in February
January 23, 2024
SafeBoda to resume its operations in Kenya in February
Ride-hailing platform SafeBoda has announced that it’s resuming operations in Kenya more than a year after leaving the market. The…
Kenyan agritech startup Shamba Pride raises $3.7M
January 22, 2024
Kenyan agritech startup Shamba Pride raises $3.7M
Shamba Pride, the Agri SME based in Kenya has raised $3.7 million from EDFI AgriFI – the EU Agriculture Financing Initiative…
Uzapoint and Pezesha partner to provide embedded working capital to merchants in Africa
January 17, 2024
Uzapoint and Pezesha partner to provide embedded working capital to merchants in Africa
Uzapoint Technologies has partnered with SME financing platform Pezesha to provide access to finance for micro and small businesses across…
Sycamore Capital exits CMA Sandbox, announces commercial launch of the Cashlet mobile savings and investments app
January 15, 2024
Sycamore Capital exits CMA Sandbox, announces commercial launch of the Cashlet mobile savings and investments app
Sycamore Capital, a Kenyan-based fintech company, has announced its successful exit from the Capital Markets Authority (CMA) sandbox as an…
Safaricom and partners launch accelerator program for local startups
January 15, 2024
Safaricom and partners launch accelerator program for local startups
Kenya’s leading telco Safaricom has launched an accelerator program targeting local startups. Known as Spark Accelerator the program aims to…
Kenyan startups raised highest amount of funding in Africa in 2023
January 12, 2024
Kenyan startups raised highest amount of funding in Africa in 2023
2023 was an interesting year for African startups. According to ‘Africa: The Big Deal’, a tech research firm, the year…
Parcel shipping platform TUNL raises $1 million to accelerate growth of e-commerce exports from Africa
December 18, 2023
Parcel shipping platform TUNL raises $1 million to accelerate growth of e-commerce exports from Africa
TUNL, a South African parcel shipping platform has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa…
Nigeria’s social commerce platform MAKA raises $2.65M Simplify Buying Fashion and Beauty Products in Africa
December 15, 2023
Nigeria’s social commerce platform MAKA raises $2.65M Simplify Buying Fashion and Beauty Products in Africa
MAKA, the Nigerian fashion and beauty e-commerce platform, has raised a $2.65M pre-seed round. The investment was co-led by prominent…
Techstars and ARM Labs invest $1.4 million in 12 African startups
December 14, 2023
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
Onafriq eyes global expansion after rebranding from MFS Africa
December 13, 2023
Onafriq eyes global expansion after rebranding from MFS Africa
After rebranding last month, Africa’s digital payments network Onafriq, Formerly MFS Africa, has revealed plans to expand to new markets. …
BasiGo secures $5m debt facility to scale local production
December 7, 2023
BasiGo secures $5m debt facility to scale local production
BasiGo, the Kenyan electric vehicle manufacturer has secured $5 million in debt funding from the British International Investment (BII), the…
FinTech startup Grey unveils new look to boost global expansion
December 5, 2023
FinTech startup Grey unveils new look to boost global expansion
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans has rebranded completely with…
President Ruto commits to sign Startup Bill into law by April 2024
November 30, 2023
President Ruto commits to sign Startup Bill into law by April 2024
In a move expected to boost the country’s startup ecosystem, Kenya’s President William Ruto has promised to sign the Startup…
Head and Heart Philanthropy Launches Mosaic Genius Tech Studio for Tech Entrepreneurs in Africa
November 29, 2023
Head and Heart Philanthropy Launches Mosaic Genius Tech Studio for Tech Entrepreneurs in Africa
Head and Heart Philanthropy – the philanthropic arm of Mosaic Genius has launched Mosaic Genius Tech Studio, a new accelerator…
Estonian flagship startup event Latitude59 to be hosted in Nairobi
November 28, 2023
Estonian flagship startup event Latitude59 to be hosted in Nairobi
Latitude59, Europe’s premier startup and tech event is coming to Nairobi. The event which has been running for 11 years…
Twiga Foods raises undisclosed amount of funding
November 27, 2023
Twiga Foods raises undisclosed amount of funding
Twiga Foods, the Kenyan agri-tech startup has raised an undisclosed amount of funding capital from a group of investors including…
Endeavor Kenya launches scale-up program for high growth founders in East Africa
November 27, 2023
Endeavor Kenya launches scale-up program for high growth founders in East Africa
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched the ScaleUp Program, its inaugural cohort-based initiative for high-growth…
Kenya’s MPost relocates its headquarters from Nairobi to Rwanda
November 27, 2023
Kenya’s MPost relocates its headquarters from Nairobi to Rwanda
MPost, the Kenyan tech startup that transforms mobile numbers into virtual addresses is relocating its headquarters from Nairobi to Rwanda…
Lawyers Hub opens applications for the 2023 Startup Law Accelerator
November 22, 2023
Lawyers Hub opens applications for the 2023 Startup Law Accelerator
Lawyers Hub has opened applications for its 2023 Startup Law Accelerator program. The Africa Startup Law Accelerator seeks to accelerate…
Dubai launches $136M VC fund to invest in tech startups
November 20, 2023
Dubai launches $136M VC fund to invest in tech startups
The Dubai Integrated Economic Zones Authority (DIEZ) has launched of a US$136 million venture capital (VC) fund to invest in…
Here are the five South African startups selected for the Irish Tech Challenge 2023
November 17, 2023
Here are the five South African startups selected for the Irish Tech Challenge 2023
The five selected for the Irish Tech Challenge South Africa 2023 have been revealed. Now in its second successful year, the…
Fintech firm Cellulant Granted Payment Licenses to Operate in Egypt
November 16, 2023
Fintech firm Cellulant Granted Payment Licenses to Operate in Egypt
Cellulant has today announced that it has received approval from Egypt to operate as a Payment Service Provider and Payment…
Norrsken22’s tech growth fund closes at $205m to back African tech startups
November 6, 2023
Norrsken22’s tech growth fund closes at $205m to back African tech startups
Pan-African venture capital firm Norrsken22 has closed its first African technology growth fund at $205m, surpassing its target of $200m. …
[South Africa] Milken–Motsepe Prize in Green Energy finalists announced
November 3, 2023
[South Africa] Milken–Motsepe Prize in Green Energy finalists announced
The Milken Institute and the Motsepe Foundation has announced the five teams advancing to the Finalist Round of the Milken–Motsepe Prize in…
MarketForce closes shop in three out of its five African markets, what’s next?
October 31, 2023
MarketForce closes shop in three out of its five African markets, what’s next?
Kenyan B2B e-commerce startup MarketForce has wound up operations in three of its five markets in Africa. The startup is…
Bootstrapping vs. Seeking Funding: Choosing the Right Path for Your Startup
October 27, 2023
Bootstrapping vs. Seeking Funding: Choosing the Right Path for Your Startup
Start your company without outside investment? Absolutely. In fact, many successful companies like Kilo Health have done just that. However,…
Seven Kenyan women-led startups receive Ksh. 9.8 million funding from Standard Chartered Bank
October 26, 2023
Seven Kenyan women-led startups receive Ksh. 9.8 million funding from Standard Chartered Bank
Standard Chartered Kenya on Wednesday awarded KES 1.4 million (USD 10,000) each to seven women startups that graduated from its…
Kuramo Capital to invest $150 million in women-led startups across Africa
October 18, 2023
Kuramo Capital to invest $150 million in women-led startups across Africa
Kuramo Capital Management, a Sub-Saharan Africa (SSA) focused investment management firm has revealed plans to invest $150 million (Ksh. 22…
South African logistics startup Tripplo raises $1.8m funding
October 16, 2023
South African logistics startup Tripplo raises $1.8m funding
South African logistics software platform Tripplo, has closed its seed funding extension round with a $1.8 million equity investment. The…
Cameroonian fintech Koree wins the $50k 2023 Ecobank Fintech Challenge
October 9, 2023
Cameroonian fintech Koree wins the $50k 2023 Ecobank Fintech Challenge
Koree, a fintech startup based in Cameroon, is the overall winner of the 2023 Ecobank Fintech Challenge. Koree emerged the…
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
October 9, 2023
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Nigeria’s agritech startup ThriveAgric has launched a new project to empower 125,000 smallholder farmers with financial inclusion access. Know as…
11 African startups selected for Google’s inaugural Africa AI First Accelerator program
October 5, 2023
11 African startups selected for Google’s inaugural Africa AI First Accelerator program
Google today unveiled the first cohort for its ‘Google for Startups Accelerator: AI First’ program. The 11 startups, picked from…
$1 million Africa Blue Wave initiative to support tech startups in Africa launched
October 5, 2023
$1 million Africa Blue Wave initiative to support tech startups in Africa launched
BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have launched the Africa Blue Wave, a…
Kenya-based Kua Ventures invests over $1 Million in local SMEs
September 27, 2023
Kenya-based Kua Ventures invests over $1 Million in local SMEs
Kua Ventures, an impact investment firm based in Kenya has invested more than $1 million (Ksh. 145 million) in SMEs…
Lipa Later closes $5M debt raise, targets to raise an additional $20M
September 27, 2023
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
Kenyan logistics startup Sendy confirms insolvency and goes into administration
September 27, 2023
Kenyan logistics startup Sendy confirms insolvency and goes into administration
Kenyan logistics startup Sendy has gone into administration and appointed Peter Kahi of PKF Consulting Limited to oversee its operations.…
Five African health-tech startups among 30 selected for Google for Startups AI Program
September 26, 2023
Five African health-tech startups among 30 selected for Google for Startups AI Program
The Google for Startups Growth Academy: AI for Health has unveiled the thirty startups from around the world selected for…
IFC announces a $3.4 million investment in African e-commerce platform ANKA
September 25, 2023
IFC announces a $3.4 million investment in African e-commerce platform ANKA
IFC has announced a $3.4 million equity investment in leading African e-commerce platform ANKA. The funding will allow ANKA, an…
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
September 21, 2023
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
September 21, 2023
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
September 20, 2023
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
Fintech startup Sendwave targets Kenyans in the US with new banking product
September 18, 2023
Fintech startup Sendwave targets Kenyans in the US with new banking product
Fintech startup Sendwave has unveiled a new product that will allow users to earn interest and pay reduced fees on…
Five Kenyan cleantech startups selected for JICA’s Project NINJA accelerator 3rd cohort
September 18, 2023
Five Kenyan cleantech startups selected for JICA’s Project NINJA accelerator 3rd cohort
Five Kenyan cleantech startups have been selected to take part in the 3rd cohort of Japan International Cooperation Agency’s (JICA)…
Uganda’s agritech startup Emata raises $2.4 million seed funding
September 14, 2023
Uganda’s agritech startup Emata raises $2.4 million seed funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending…
Lipa Later gears up for public fundraising in the US as it seeks to raise more funding
September 13, 2023
Lipa Later gears up for public fundraising in the US as it seeks to raise more funding
After raising KES 500 million ($5 million) in a privately placed debt issuance earlier this week, Lipa Later has revealed…
Catalyst Fund marks its first close to back climate tech startups in Africa
September 11, 2023
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
Jay-Z and Jack Dorsey-funded Bitcoin Non-profit ₿trust Acquires African Bitcoin Developer Training Company Qala
September 11, 2023
Jay-Z and Jack Dorsey-funded Bitcoin Non-profit ₿trust Acquires African Bitcoin Developer Training Company Qala
₿trust, a non-profit organisation which exists to decentralise the development of Bitcoin software, has announced its acquisition of Qala. Qala…
Twiga Foods suppliers yet to benefit from the Ksh.300M Hustler Fund promised by the government
August 29, 2023
Twiga Foods suppliers yet to benefit from the Ksh.300M Hustler Fund promised by the government
Agri-tech startup Twiga Foods has revealed that its suppliers are yet to benefit from the Ksh.300 Hustler Fund promised by…
MEST Africa Opens Applications for its Startup Pitch Competition
August 28, 2023
MEST Africa Opens Applications for its Startup Pitch Competition
MEST Africa has opened applications for its 2023 Challenge Startup Pitch Competition for African startups. This year, the program is…
Treepz among startups selected for 2023 VC4A Venture Showcase Africa
August 23, 2023
Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz, the African car-sharing and rental marketplace is among the 12 startups selected to to participate in this year’s VC4A…
BREAKING: Cellulant to lay off 20% of its workforce
August 23, 2023
BREAKING: Cellulant to lay off 20% of its workforce
Cellulant, the Kenyan-based payments firm is laying off 20% of its workforce. The restructuring exercise the fintech says is expected…
Google announces AI First accelerator program for African startups
August 22, 2023
Google announces AI First accelerator program for African startups
Google today announced the launch of a new accelerator program to support Artificial Intelligence (AI) startups in Africa. The “Google…
BuuPass hits 10 million tickets milestone, hosts networking event with key partners
August 21, 2023
BuuPass hits 10 million tickets milestone, hosts networking event with key partners
BuuPass, the Kenyan digital bus ticketing company founded in 2016 has revealed that it has so far sold over 10…
Eric Jackson takes over as new Hisa CEO
August 16, 2023
Eric Jackson takes over as new Hisa CEO
Kenyan fintech Hisa has announced the appointment of Eric Jackson as its new Chief Executive Officer (CEO). Jackson takes over from…
[South Africa] Gauteng Accelerator Programme 2023 applications open
August 15, 2023
[South Africa] Gauteng Accelerator Programme 2023 applications open
The Gauteng Accelerator Programme (GAP) has opened applications for its 2023 innovation competition. The competition is seeking entrepreneurs, innovators, and…
List of 12 growth stage startups selected for 2023 VC4A Venture Showcase Africa
August 14, 2023
List of 12 growth stage startups selected for 2023 VC4A Venture Showcase Africa
Leading startup platform in emerging markets VC4A has announced the 12 African startups that have been selected to participate in…
Founders Factory Africa secures $144 million to invest in more early-stage startups
August 14, 2023
Founders Factory Africa secures $144 million to invest in more early-stage startups
South Africa-based venture builder, Founders Factory Africa has secured an additional $114 million in funding to scale its hybrid tech…
Mobility fintech Moove secures $76M equity, debt from Mubadala and BlackRock
August 10, 2023
Mobility fintech Moove secures $76M equity, debt from Mubadala and BlackRock
Moove, the African mobility fintech has secured $76 million in new funding, consisting of $28m in equity from new and…
Kenyan logistics startup Sendy reportedly up for sale
August 8, 2023
Kenyan logistics startup Sendy reportedly up for sale
Sendy, the Kenya Fulfillment and logistics startup is reportedly up for sale. Techcabal reports that the startup is currently at…
[Nigeria] Prembly acquires data sharing firm Tunnel
August 3, 2023
[Nigeria] Prembly acquires data sharing firm Tunnel
Prembly, which bills itself as a leading compliance and security infrastructure company in Africa has announced its acquisition of secure…
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
August 1, 2023
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
Safaricom to start investing in tech startups with two new subsidiaries
July 28, 2023
Safaricom to start investing in tech startups with two new subsidiaries
Kenya’s leading telco Safaricom will soon start investing in local tech startups after its shareholders approved two new subsidiaries. The…
Copia confirms it’s laying off 350 employees
July 27, 2023
Copia confirms it’s laying off 350 employees
Kenyan Last-mile delivery and eCommerce platform Copia has confirmed that it’s indeed laying off 25% (around 350 members) of the…
BasiGo bringing its Electric Buses to Rwanda
July 26, 2023
BasiGo bringing its Electric Buses to Rwanda
BasiGo, the Kenyan-based electric bus manufacturer is expanding to Rwanda. The company, which recently partnered with the Associated Vehicle Assemblers…
Kenyan fintech Boya launches Virtual Visa cards for SMEs
July 25, 2023
Kenyan fintech Boya launches Virtual Visa cards for SMEs
Boya, the Kenyan fintech firm on Tuesday launched its virtual Visa expense card targeting local businesses. The card was launched…
Zuri Health raises an undisclosed amount for funding from Five35 Ventures
July 21, 2023
Zuri Health raises an undisclosed amount for funding from Five35 Ventures
Six months after raising an undisclosed amount of funding from Moroccan VC UM6P Ventures, Kenyan health-tech startup Zuri Health has…
Visa opens applications for its Africa Fintech Accelerator Program
July 20, 2023
Visa opens applications for its Africa Fintech Accelerator Program
Payments tech company Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech…
Applications for cohort 4 of the ASIP accelerator program open
July 17, 2023
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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