Search Results for: equity
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News
Fintech startup Hisa unveils real-time online stocks trading platform
Fintech startup Hisa has launched an application that allows Kenyans to invest in the stock market directly from their phones…
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News
Kenyan Supply Chain and Logistics Startup Leta Secures $3M Funding
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital,…
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Startups
Kenyan fintech Hisa among 9 African startups selected for the second batch of €7.5 million Startup Wise Guys fund
Kenyan fintech Hisa is among the nine African startups selected for the €7.5 million Startup Wise Guys fund. Selected…
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News
Wasoko dismisses reports that it has shut down its operations in Kenya
Kenyan-based B2B e-commerce startup Wasoko has dismissed reports that it has shut down its operations in the country. On Monday,…
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Startups
Kenya’s home furniture startup MoKo has raised $6M to accelerate growth
MoKo has been around since 2014, a period in which the company has undergone a considerable metamorphosis. It was first…
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News
Hisa among 7 Kenyan tech startups selected for MEST Africa Challenge 2022
Kenyan fintech Hisa Inc is among the 36 African startups selected for the 2022 MEST Africa Challenge. The mobile investment…
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News
Kenyans in the diaspora can now pay bills on M-PESA via NALA Money
Tanzanian fintech startup NALA which was launched in 2018 to enable Africans in the diaspora easily send money home has…
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News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
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News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
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Startups
Nigeria’s restaurant management startup Vendease has raised $30 million to scale its food supply business
Nigerian startup Vendease which makes it easy for restaurants to access food supplies has raised $30 million in Series-A funding.…
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News
Kenya’s Zuri Health and Damu Sasa to benefit from $7M fund from Bill Gates Foundation
Thirty companies from 14 African countries will benefit from a $7 million fund fronted by pan-African support organization Investing in…
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News
Kenya is Hosting Polygon’s First Web 3.0 Bootcamp in Africa, here’s how to sign up
Polygon has opened applications for the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp…
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News
Unicorn Growth Capital, EchoVC join Celo Foundation to support Web3 projects across Africa
Unicorn Growth Capital, an Africa-focused venture fund investing at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), and EchoVC,…
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Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
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News
Safaricom, NCPWD Link Persons with Disabilities with Job Opportunities Through Online Portal
Safaricom has partnered with the National Council of Persons with Disabilities (NCPWD) to connect persons with disabilities with job opportunities…
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Interviews
[Interview] We’re consolidating African retailers’ business needs in one easy-to-use platform, MarketForce CEO
As the e-commerce marketplace expands, new players are stepping in to make it easy for merchants to source products and…
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News
12 Kenyan Startups Selected for the 2022 Google Black Founders Fund
Tech giant Google has announced 60 qualifiers for the Google for Startups Black Founders Fund (BFF) for African startups. The…
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News
Kenyan Court Freezes Another Sh400.6 Million Belonging to Flutterwave
Nigerian fintech Flutterwave is once again in the Kenyan courts for the wrong reasons. Early Tuesday, the High Court of…
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Startups
Kenyan B2B E-commerce Startup Wasoko Opens an Innovation Hub in Zanzibar
Innovation plays an ever-increasing role in growing Africa’s emerging technology ecosystem. In fact, A study by Briter Bridges and AfriLabs…
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Startups
Kenya’s Fintech Pezesha Has Raised $11 Million to Expand Across Africa
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding has raised $11…
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News
Nigeria’s B2B e-commerce startup Omnibiz has raised $15 million to accelerate expansion
There is a growing number of startups across Africa that are helping to connect manufacturers with wholesalers and retailers. Nigeria’s…
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News
Kenya’s Lori Systems has raised an undisclosed amount of funding from Google
Kenya e-logistics company Lori Systems which operates across East Africa has raised an undisclosed amount of Round B funding from…
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News
Visa announces grant to support women entrepreneurs in Africa
Global payments firm Visa has announced a grant in support of African women entrepreneurs. The African Women Impact Fund (AWIF)…
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News
Kenyan digital media houses win Google News Initiative Innovation Challenge
The news business has changed dynamically since the arrival of social media platforms. Media houses have been forced to become…
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News
CBK Governor Says Flutterwave is Not Licensed To Operate In Kenya
The Governor of the Central Bank Of Kenya (CBK), Dr Patrick Njoroge has said that fintech companies Flutterwave and Chipper…
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Startups
AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
Africa’s multi-asset investment platform AfricInvest and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African…
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Startups
Celo Announces New Web3 Fund for African Startups Adopting Crypto Strategies
Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.…
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Startups
Kenyan Court Freezes Flutterwave’s Bank Accounts Over Money Laundering Allegations
Nigerian unicorn fintech Flutterwave has lately been in the news for both good and bad reasons, but the unflattering reasons…
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News
Flutterwave appoints ex-Goldman Sachs MD Gurbhej Dhillon as new CTO
Flutterwave has announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as its Chief Technology Officer (CTO). As…
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Startups
Nigeria’s Moove has raised $20m debt funding from British International Investment
The British International Investment (BII) has extended $20 million in debt funding to Nigerian mobility startup Moove. The 4-year structured…
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News
Moringa School raises an undisclosed amount of funding from Leading Investor Proparco
Learning-accelerator Moringa School has raised an undisclosed amount of funding from Proparco to support its expansion outside Kenya. The funding…
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News
Investor Network Unveils Programme to Support Africa’s Sustainable Development Goal Targets
Africa is the most vulnerable to the effects of Climate Change despite contributing only 4% of carbon dioxide emissions. Yet,…
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News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
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News
GreenHouse Capital announces 13 startups selected for the Microsoft Scale-up Accelerator
Thirteen startups from East and West Africa are set to benefit from a six-week accelerator program by GreenHouse Capital and…
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News
University Don, Prof. Timothy Waema launches a book on strategy
Prof. Timothy Waema, a Professor at the University of Nairobi and his two co-authors, Ron Price and Dr. Evans Baiya…
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News
Nigerian EdTech startup Afrilearn joins the UNICEF Innovation Fund
Nigerian EdTech startup Afrilearn has emerged as the only Nigerian startup to join the latest cohort of the UNICEF Venture Fund. Afrilearn…
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Startups
This Nigerian fintech is simplifying banking for immigrants
Nigerian fintech startup Vesti is changing the way immigrants access banking services around the world. The company launched by two…
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BUSINESS
I&M Group reports 44% increase in profit after tax in Q1 2022 results
I&M Group PLC has reported a 44% growth in Profit after tax to Kes 2.7 billion compared to Kes 1.9…
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News
CV VC Firm Launches Early-Stage Fund for African Blockchain Startups
Crypto Valley Venture Capital (CV VC) has today announced the launch of its African Blockchain Early-Stage Fund targeting blockchain startups…
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News
Healthtech startup Zuri Health raises $1.3-million to expand across Africa
Kenyan healthtech startup Zuri Health has raised $1.3-million in funding to expand across Africa. The startup which offers mobile-based healthcare…
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News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
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Startups
Nigerian Trade Tech Firm Norebase Raises $1M in Pre-Seed Round
Norebase, a Nigeria-based trade technology firm announced on Wednesday that it has secured $1M pre-seed funding round. The funding round…
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New Appointments
Jack Ngare Leaves Microsoft ADC for Google Cloud
Former Managing Director of Microsoft Africa Development Centre (ADC) Jack Ngare has moved to Google Cloud Office as Technical Director…
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Startups
Kenyan Electric Vehicle Maker Opibus Rebrands to ROAM
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants…
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News
New fund targets early-stage AI tech startups in Africa
Swedish AI Fund (SAIF), an NGO providing financial aid, grants and scholarships to AI projects has announced a new fund…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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Startups
Kenyan fintech 4G Capital raises $18.5M from Lightrock
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock. …
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Startups
15 African Startups Qualify for Google’s Accelerator Bootcamp
A total of 15 startups from seven African countries have been selected to participate in Google for Startups Accelerator Africa…
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Startups
Vehicle financing startup Moove secures $105 million for expansion
African fintech mobility startup Moove has raised $105 million in new Series A2 financing. This comes just seven months after…
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BUSINESS
High-Net-Worth Kenyans rate climate change as a risk to their wealth, report
Kenya’s dollar millionaires have identified climate change as a great threat to their wealth, with 84 percent citing the global…
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Startups
M-KOPA raises $75M funding as it hits two million customer milestone
Connected asset financing platform M-KOPA, has raised $75M funding. The ”Growth Equity round” as the company describes it in a press…
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Startups
Kenyan startup MarketForce raises $40M to scale its merchant inventory financing program
Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce has raised $40…
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Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
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Startups
Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Thndr, the Egyptian digital investment platform has announced a new $20 million series A investment round. The funding was co-led…
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BUSINESS
Netflix unveils a $1M scholarship fund to support TV and film students in Africa
Streaming giant Netflix has launched a $1 million scholarship fund to support TV and film students in Sub-Saharan Africa. The…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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Startups
Kenyan Mobile commerce platform Copia raises $50 Million to ramp up African expansion
Kenyan-based mobile commerce platform Copia has raised $50 million in a Series C equity round led by Goodwell Investments. Copia…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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Startups
Kenyan BNPL Startup Lipa Later Secures $12M funding to Expand Across Africa
Kenyan buy-now-pay-later (BNPL) startup Lipa Later has raised $12 million funding from a consortium of investors to expand its operations…
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BUSINESS
Airtel Kenya is broke, surviving on hefty shareholder loans
Kenya’s second-largest telco Airtel Kenya is broke and surviving on a series of shareholder loans from its parent company Bharti…
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Startups
Egyptian fintech startups called to apply for Orange Ventures seed challenge
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from…
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CLOUD
Digital Realty to acquire majority stake in South African data centre company Teraco
Digital Realty has entered into a definitive agreement to acquire a majority stake in Teraco Data Environments Pty, Africa’s largest…
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News
FSD Africa announces a £3m investment in Kenyan fintech firm MFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
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Startups
AfDB to invest $170 million in Nigerian startups
The African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises program…
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News
Opera is celebrating 15 years of connecting Africa to the Internet with a massive data giveaway
To celebrate its 15th year on the continent Opera has announced that it will be running a massive data giveaway…
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Startups
Auto financing startup Autochek Africa begins loan services for brand new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new…
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News
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
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BUSINESS
Jumia consumers to enjoy FREE delivery this Black Friday
Jumia Kenya consumers will enjoy free delivery and pick up this Friday the 12th the whole day from 11AM as…
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News
[This Week in Tech] Telkom Kenya signs a $100M deal to scale its 4G network and other top stories
Kenya’s 4G subscriptions market share will more than double from 24.2% in 2021 to 53.6% by 2025. Local telcos have…
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BUSINESS
Jumia Black Friday Officially Launched, crazy deals up for grabs
Jumia has today launched the 9th edition of its “Jumia Black Friday” campaign. Dubbed Kila siku ni Black Friday (30…
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Startups
Kenya-based electric mobility startup Opibus raises $7.5m funding
Kenya-based electric mobility startup Opibus has raised US$7.5 million in equity and grant funding, the largest ever in an electric…
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News
Irvine Partners to lead Spotify’s PR activities in Sub-Saharan Africa
Irvine Partners, a multi-national public relations and integrated marketing agency, has been awarded the Spotify communications account in Sub-Saharan Africa.…
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Startups
Kenyan-based payroll startup Workpay expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core…
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News
![[Africa Cloud Review] Simon Ngunjiri: Cloud is transforming healthcare in Africa](https://techtrendske.co.ke/wp-content/uploads/2021/10/Cloud-computing-and-healthcare-390x220.jpeg)
[Africa Cloud Review] Simon Ngunjiri: Cloud is transforming healthcare in Africa
Cloud computing is one of the leading trends in digital transformation for 2021 and beyond. Leading tech companies have already…
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News
African fintech startup Payday joins Techstars Toronto Accelerator program
Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
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News
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the…
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24BIt
![[24Bit Podcast] A Discussion with Facebook's Alex Handrah Aime on the company's connectivity initiatives and investments in Africa](https://techtrendske.co.ke/wp-content/uploads/2021/10/Alex-Handrah-Aime-2-1-390x220.jpeg)
[24Bit Podcast] A Discussion with Facebook’s Alex-Handrah Aime on the company’s connectivity initiatives and investments in Africa
In this episode, Nick Kanali sits down with Alex-Handrah Aime. Director, Network Investments – Emerging Markets at Facebook to discuss…
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News
Sendy acquires a significant stake in West African logistics startup Kamtar
Kenyan tech-logistics startup Sendy has completed a strategic equity investment in West African logistics platform Kamtar. On the heels of…
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News
Mastercard Launches a Global Small Business Initiative to Accelerate Economic Recovery
Mastercard – through the Center for Inclusive Growth – on Thursday launched Strive, a global initiative focused on strengthening the…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Africa is an emerging data center market
Africa is an emerging data center market and has witnessed around 15 data center investments in 2020. The region is…
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News
Nigeria’s healthtech startup 54gene secures $25 million in a Series B round
Nigeria’s healthtech startup 54gene, has raised $25M in a Series B round funding to expand its capabilities to contribute to…
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News
Google partners with Kenyan women MPs to improve digital skills
Google and the Kenyan Women Parliamentary Association (KEWOPA) have announced a collaboration to improve gender equity, diversity and inclusion within…
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CLOUD
Africa Data Centres to build large hyperscale data centres across Africa
Africa’s carrier-neutral co-location data centre provider, Africa Data Centres has announced plans to build large hyperscale data centres throughout Africa,…
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News
Zepz, Formerly WorldRemit, Raises $292M Series E Financing, Achieves $5B Valuation
Digital cross-border payments platform Zepz, formerly WorldRemit, has raised $292 million in new primary financing, achieving a valuation of $5…
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News
Nokia, Safaricom and UNICEF connect more primary schools to the Internet across Kenya
Nokia has come together with multiple stakeholders, including Safaricom, UNICEF and the Kenyan Ministries of Education and ICT, to connect…
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BUSINESS
Equitel rolls out 4G services for its customers in Kenya
Equity’s mobile virtual network operator, Equitel, has launched 4G services to offer its customers improved Internet banking services. Equitel says…
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News
Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments
Kenyan fintech startup Wapi Pay has raised $2.2 Million in pre-seed funding to scale up global payments and remittances between…
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News
Visa signs agreement to acquire Currencycloud
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and…
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News
Convergence Partners closes its third fund at at US$120 million to drive digital inclusion in Africa
Convergence Partners has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at…
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News
1,410 Wings to Fly Scholars Attain University Qualifying Grades Representing a University Transition Rate of 86%
Beneficiaries of the 2017 Wings to Fly scholarships who sat for the 2020 KCSE exams have out-performed themselves registering an improvement in…
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News
EFG Hermes Kenya Launches Online Trading Mobile App
Kenya’s brokerage firm EFG Hermes has unveiled a new mobile app to offer retail investors seamless and convenient stock trading…
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News
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both…
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News
Industrialization Ministry launches Startup Savanna, a business acceleration programme for local early-stage startups
The Kenyan Ministry of Industrialization, Trade and Enterprise Development (MoITED) has launched Startup Savanna, a business acceleration programme that will…
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News
IMPACC to invest up to $150k in social businesses in Africa
IMPACC today announced plans to provide smart equity investment of between $30,000 – $150,000 with a period of 6 to…
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News
[Column] Angela Kyerematen-Jimoh: Women are playing a key role in driving impact through technology in Africa
The past year has been very challenging, from the stress of living through a global pandemic to the various lockdown…
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News
[Interview] Zahra Baitie-Boateng, Head of Partnership and Programs, Africa’s Business Heroes
Zahra Baitie-Boateng, is the Head of Partnership and Programs, Africa’s Business Heroes, Jack Ma Foundation’s flagship philanthropic program in Africa to support…
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News
Applications for the HiiL Justice Accelerator to close on 30th April
Southern African justice startups looking for the opportunity to take their business to new heights have until 30 April 2021…
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COLUMNS
[Column] Faizal Bhana: Shariah-compliant Structuring and its Relevance to Impact Investing
Sustainable finance, specifically impact investing, has gained considerable momentum over the past few years and shows no sign of slowing…
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Startups
Applications for 2021 Grindstone Accelerator programme now open
Applications for this year’s Grindstone’s accelerator programme are now open. Grindstone Accelerator is an equity-free structured entrepreneurship development programme that…
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