Search Results for: startups
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Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
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Startups
SA Remittance Fintech Mama Money Aims to offer Lowest Transfer Charges
Fintech startups in Africa are doing a spectacular job at revolutionizing remittances, accessibility, saving, and the whole culture surrounding finances.…
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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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News
Glovo Kenya tech startup pitch competition winners announced
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya. Glovo in partnership with…
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News
Sa Nyoung Kim: Local entrepreneurs should partner with big firms to drive customer value
Small and Medium Enterprises (SMEs) constitute over 90 per cent of businesses in Kenya and provide seven out of ten…
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News
BFA Global and FSD Africa launch a $3.3m fintech venture launcher for climate resilience in Africa
BFA Global and FSD Africa have unveiled a new venture launcher to support entrepreneurs in the fintech for climate resilience…
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News
Oracle, ICT Authority launch Digital Skills Development Initiative for Presidential Digital Talent Program graduates
ICT Authority and tech firm Oracle Kenya have signed a Memorandum of Understanding (MoU) to introduce a specialized training programme…
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CLOUD
Amazon is bringing a new AWS Local Zone cloud infrastructure to Kenya
Amazon Web Services has announced plans to launch an AWS Local Zone in Kenya. AWS, an Amazon.com, Inc. company made…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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Startups
Flutterwave goes live in Tanzania
African fintech Flutterwave has received approval from the Bank of Tanzania (BoT) to launch its payment service in the country.…
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News
Kenya looks to FinTech to supercharge financial inclusion, report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing…
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INSURANCE
YC-backed Curacel unveils new platform to enable tech companies offer insurance
Curacel, a YC-backed African insurance infrastructure startup, has launched an embedded insurance product that will enable tech companies to offer…
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Interviews
[Interview] Narek Verdian, CTO, Glovo: Understanding our users is at the heart of our development process
Narek Verdian is the Chief Technology Officer at Glovo, an on-demand delivery platform founded in Barcelona in 2015. The startup…
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Startups
Dream VC opens applications for its VC Fellowship Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2022 fellowship program for VCs in Africa.…
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Startups
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity at Flutterwave 3.0, a virtual event held on Friday, 18th February…
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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
BitKE to host a webinar on startup funding in Africa, register to attend now
2021 was the biggest year, so far, in the history of funding for African startups which saw over $4.6 billion…
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BUSINESS
Questions you should ask before investing in Kenyan stocks
Investing in every part of the globe has its opportunities and risks. In various parts of Africa there are strengths…
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News
Logistics startup Truck It raises $13 million seed round, largest in MENAP trucking space
Pakistan’s logistics tech startup Truck It In has closed a $13 million seed round jointly led by venture capital firms…
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News
Kenyan logistics startup Amitruck raises $4M funding to expand across Africa
Kenya-based digital trucking logistics startup Amitruck has secured $4 million in seed funding to expand its operations across Africa. The…
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Startups
Wealth-tech startup Ndovu launches in Kenya to provide users with easy access to global financial market
Wealth-tech startup Ndovu has today officially launched in Kenya. Founded by Radhika Bhachu, Ro Nyangeri, and Gianpaolo De Biase, Ndovu…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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Apps
3 trends set to dominate African mobile apps in 2022
In 2021, the mobile industry in sub-saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced…
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New Appointments
Moringa School names Scale-Up Specialist Snehar Shah New CEO
Learning-accelerator Moringa School has appointed Snehar Shah as its new CEO. Snehar succeeds Audrey Cheng and brings a vast experience…
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News
Fourth edition of Africa Tech Summit Coming to Nairobi This February
One of Africa’s top tech events the Africa Tech Summit is coming to Nairobi. The event will take place on…
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News
EU Ranks Huawei World’s 2nd Highest Investor in R&D
Huawei has ranked second in the 2021 EU Industrial R&D Investment Scoreboard, up from third place in the previous year’s…
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News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
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Startups
Ventures Platform Closes its First $40M Pan-African Fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across…
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Startups
How to Start a Startup
A startup is just like any other business, a very big effort on the part of the one who sets…
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COLUMNS
LEON KIPTUM: Kenya’s economy could benefit from fintech growth and innovation
Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the…
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News
AUDA-NEPAD, JICA, Afreximbank and BCG partner to support 5 Kenyan healthcare startup
The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG)…
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Startups
Pan African smart technologies venture studio Adanian Labs opens applications for its 2021 venture building program
Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa has…
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Startups
28 businesses to take part in this year’s GrowthAfrica circular economy accelerator
Africa’s business accelerator GrowthAfrica has kicked off a circular economy focused accelerator programme targeting innovative ventures across Kenya, Uganda, and…
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New Appointments
Wael Elkabbany to head Microsoft’s newly established Africa Transformation Office
Microsoft has appointed Wael Elkabbany to lead its newly established Africa Transformation Office (ATO). Under Elkabbany’s leadership, the ATO will…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud is the centrepiece of new digital experiences for African businesses
Cloud technology has helped businesses in sub-Saharan Africa manage the disruptions caused by the coronavirus pandemic, something we have extensively…
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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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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
[This Week In Tech] Facebook changes its corporate name to Meta and other top stories
This has been quite an interesting week for tech. We covered so many interesting stories from across Africa and the…
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Startups
2nd Cohort of NINJA Accelerator in Kenya kicks off
5 Kenyan startups have been selected to be part of the 2nd cohort of NINJA Accelerator programme. NINJA Accelerator is…
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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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Startups
Ian Lessem: The rise of African tech unicorns
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or…
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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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Interviews
[Interview] Femi Apesin, OnePipe Growth & Marketing Lead: We are making API integration seamless for African banks and fintech companies
The African fintech space has been growing rapidly in Africa over the last few years. Fintech generally refers to companies…
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News
Benkiko Finance – Making Cryptocurrencies Easier To Use
Benkiko is a Kenyan Blockchain startup that is working on a digital bank with the goal of making Cryptocurrencies easier…
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News
PATRICK NDEGWA: Growing a successful tech startup in Kenya – 4 key elements
The tech scene in Kenya is thriving. Even amid a global pandemic, economic uncertainty, and election fever, our dynamic African…
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News
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme. The programme was launched yesterday at an online event moderated by security…
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News
Nigeria’s Agritech startup Releaf secures $4.2m seed funding to drive industrialisation of food processing in Africa
Nigeria’s agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing has raised $2.7 million seed…
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News
LG Unveils Ksh 2 Billion Global Startup Innovation Contest
LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas…
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News
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka has raised a $1.2 million seed funding round, after successfully ending the Techstars Toronto Accelerator Program…
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News
East African Startup ecosystem poised for massive growth in 2021
Africa has a very vibrant startup ecosystem. Even with the pandemic, these startups have gone ahead and raised massive funding…
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News
East Africa’s Startup ecosystem players in Nairobi to design the future of Africa Tech
Leading startup ecosystem players in Africa have today kicked off a two-day workshop to design solutions for challenges that the…
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Interviews
![[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app](https://techtrendske.co.ke/wp-content/uploads/2021/08/Maryanne-Michuki-1-390x220.jpeg)
[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app
According to the Insurance Outlook Report 2019/2020 East Africa by Deloitte, insurers in the region have experienced better times than…
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News
Kenyan Fintech Startup Kwara Selected for Mastercard Start Path Program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.…
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CLOUD
Caroline Mukiira : Hybrid Cloud – The Catalyst for Increased Financial Inclusion in Africa
Africa has made huge strides over the past decades towards the financial inclusion. The digitization and simplification of money management…
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News
Orange Mali and German Cooperation inaugurate 4th Orange Digital Center in Africa and the Middle East
Orange and the German Cooperation are inaugurating, an Orange Digital Center in Bamako, an ecosystem entirely dedicated to the development…
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News
Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
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News
KES 5.3 million accelerator programme launched to drive innovation in Kenya’s insurance sector
FSD Africa, the Insurance Regulatory Authority, and Tellistic Technology Services have launched BimaLab, a KES 5.3 million accelerator programme designed…
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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
Catalyst Fund announces Circle of Corporate Innovators to accelerate startup-corporate partnerships
Global inclusive tech accelerator Catalyst Fund has announced pioneer members of its Circle of Corporate Innovators to accelerate startup-corporate partnerships.…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud is empowering African businesses with the certainty of a quicker time-to-value
The speed with which Africa’s business sector has changed over the past year has been nothing short of astonishing. Business…
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News
Ivorian transport startup Moja Ride partners with O-CITY for its next phase of growth in mobility innovation
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan has partnered with…
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News
Three local InsurTech receive Ksh 1.25 million each from IRA, Prudential innovation hub
Three local startups have each received Ksh 1.25 million in cash awards from the Insurance Regulatory Authority (IRA) innovation hub…
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News
CMM PR launches 2nd edition of mentorship programme for African female tech founders
C. Moore Media International Public Relations (CMM), a New York-headquartered PR agency focusing on the US, UK, and African markets,…
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News
Kenyan startup MarketForce acquires Digiduka to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the Kenyan end-to-end retail distribution startup for consumer brands in Africa, announces the strategic acquisition of Digiduka, a startup…
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News
Ethiopian-based edtech startup Gabeya launches its revamped marketplace
Gabeya, the Pan-African source for freelance professional talent, has expanded its revamped marketplace, the first of its kind in terms…
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News
Nigerian e-health startup Helium Health launches in Kenya
Lagos-based e-health startup Helium Health has launched its operations in Kenya. The startup is partnering with three local providers, including Philips…
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News
Toyota AI Ventures rebrands to Toyota Ventures, adds $300m to invest in emerging tech and carbon neutrality
Toyota’s first standalone, early-stage venture capital firm, Toyota AI Ventures, will change its name to Toyota Ventures. The VC firm…
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News
[Column] Ian Lessem: Venture Capital trends shaping the African investment landscape
As the second half of 2021 approaches and Covid-19 vaccinations roll out across the globe, albeit at varying rates, Ian…
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New Appointments
E-Logistics startup Lori Systems appoints Uche Ogboi as its new CEO
Lori Systems, Africa’s e-logistics platform has announced the appointment of Uche Ogboi as its new Chief Executive Officer. Ogboi takes…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud services are transforming Africa’s productive capacity
From banks looking to accelerate the rollout of new applications to startups disrupting entire industries with innovative, cloud-powered models, cloud…
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News
Dream VC Launches Fellowship Program For Aspiring VCs Africa
Dream VC Launches Fellowship Program For Aspiring VCs AfricaDream VC, a Remote Venture Capital Upskilling Institute, has launched a new…
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News
Nigerian social and video commerce platform Rabawa raises $163k funding for expansion
Nigerian social and video commerce platform Rabawa has raised US$163,000 in funding from US-based VC firm Aptive Capital to help…
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News
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has…
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News
Kenyan fintech startup Kwara selected for Japan-led Ninja Accelerator Programme
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya.…
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News
Google to offer Android and cloud development scholarships to developers across Africa
Google has announced a new programme to offer new scholarships for Android, Web and Google Cloud development to developers across…
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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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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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News
[24Bit Podcast] The Opportunities Fintech brings to Africa: A discussion with Flourish Ventures Principal Efayomi Carr
In this latest episode of our 24Bit podcast, I sat down with Efayomi Carr to discuss Fintech in Africa. Efayomi…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Africa is Undergoing a Revolution in New Cloud and Data Centre Capacity
Compared with other Data Centre markets around the world, Africa is unique in the sense it has a population of…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud Infrastructure Spending in Africa is on the rise
Enterprises have been moving to the cloud as more increasingly rely on it other than on-premise data centres. While the…
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News
Fintech VC firm Flourish Ventures Opens new Office in Kenya
Flourish Ventures, a global fintech venture capital firm, has opened a new office in Kenya to support fintech startups across Africa.…
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News
Digital adoption in Africa supersedes other regions globally, Report
Although Africa currently trails other regions in terms of digital adoption and maturity, the pace of adoption and infrastructure buildout is…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud adoption is now a necessity
As we have previously highlighted, businesses in Africa are increasingly turning to cloud to improve operational efficiency and COVID-19 is accelerating…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud Platforms are Empowering Africa’s Digital Economy
In our last column of the Africa Cloud Review, we highlighted how the pandemic has boosted the uptake of cloud services…
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Startups
Kenyan-based fundraising platform Raise secures $25k investment from Nigeria’s Microtraction
Kenyan fundraising and equity management platform Raise, has raised $25,000 funding from Nigeria’s Microtraction to help African startups fundraise and…
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News
Kikao64 opens new co-working space in Eldoret town
Kikao64 has opened a new co-working space, an ‘inspirational hub’, in Eldoret town. The company says this launch is in…
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News
[Column] Tolu Oyekan: How to forge an inclusive economic recovery in Africa
The spread of COVID-19 in many African countries has been more contained and the death toll slightly reduced than some…
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News
Kenya Bets on ICT for Economic Transformation
Kenya is championing ICT to aid economic transformation. During the 2021 Africa Business Forum held virtually, President Uhuru Kenyatta praised…
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News
JICA expands its startup NINJA accelerator program to Kenya
The Japan International Cooperation Agency (JICA) is expanding its startup accelerator program (NINJA Accelerator) to Kenya. NINJA Accelerator is part…
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News
[Interview] We’re deploying Cloud-based solutions for African organizations, Incentro Africa CEO
Dennis De Weerd is the CEO at Incentro Africa, an IT service provider delivering custom build cloud-based software solutions for the European and…
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Startups
Google to Invest $5 million in Kenyan Start-Ups
American tech giant Google has pledged to invest $10 million in Kenya – about Ksh 1.1 bn – to support…
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News
Mobile Retail Platform Copia Global hosts MIT Global Entrepreneurship Lab project
Mobile retail platform Copia Global was among the startups from around the world selected to host a Global Entrepreneurship Laboratory…
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News
Kinyungu Ventures Research calls for Changes to Cut-and-paste VC Strategy In Africa
There continues to be a wide misalignment between traditional venture capital models and the African market, this is according to…
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News
Kenyan e-health startup Damu-Sasa receives a $20,000 grant funding from Villgro Africa
Kenyan e-health startup Damu-Sasa has received a $20,000 grant funding from Villgro Africa to enable it to enhance its contributions…
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News
Kenyan team wins $5000 IBM and David Clark Cause’s Call for Code Challenge
A team of developers from Kenya are the winners of IBM and David Clark Cause’s 2020 Call for Code Global…
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News
Kenya e-commerce startup Sokowatch among winners of AppsAfrica Innovation Awards 2020
Kenyan based B2B e-commerce startup Sokowatch is among the winners of the AppsAfrica Innovation Awards 2020. The awards celebrates the…
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News
Six Emerging FinTech Trends in Africa
Africa is quickly becoming the centre of new fintech innovations and adoptions. Many financial technology start-ups are coming up across…
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News
Nigerian fintech startup CredPal raises $1.5million funding round
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its…
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