funding
-
Startups
Kenyan low-cost ISP Poa Internet raises $28 million funding
Kenyan low-cost internet service provider Poa Internet has closed a $28 million round of funding led by Africa50. Poa Internet…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Kenyan mental health startup Shamiri Institute raises $1 million, expands to the rest of Africa
Shamiri Institute, a Kenyan mental health startup has raised $1 million in funding from the Templeton World Charity Foundation to…
Read More » -
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…
Read More » -
News
Nigeria’s B2B payments platform Verto secures $10m Series A round for expansion
Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led…
Read More » -
News
Africa’s crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring…
Read More » -
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…
Read More » -
News
SWVL completes $35.5m pre-funding to accelerate growth strategy
Dubai-based provider of mass transit and shared mobility solutions Swvl has completed a $35.5m pre-funding of the aggregate PIPE subscription.…
Read More » -
Startups
African Fintech startup Pngme raises $15m Series A funding
African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
Read More » -
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…
Read More » -
News
Bolt raises Ksh.19.8 Billion funding from D1 Capital To Improve Security on its Platform
Ride-hailing app Bolt has raised Ksh.19.8 billion funding from D1 Capital Partners to bolster safety and security measures on its platform. The…
Read More » -
News
Kenyan-based digital bank Umba raises $2m seed funding to scale its product offerings
Kenyan-based digital bank for emerging markets Umba has raised a US$2 million seed funding round to help it expand product…
Read More » -
News
Ivory Coast based Media Startup StarNews Mobile Raises $1.8m Funding
StarNews Mobile, an Ivory Coast based Media Startup has raised funding from Investors & Partners (I&P), a pioneering impact investing…
Read More » -
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…
Read More » -
News
This Nigerian HR startup has raised a seven-figure round to expand across Africa
Nigeria’s HR startup SeamlessHR has closed a seven-figure deal as it seeks to expand across other African markets. SeamlessHR was one…
Read More » -
Startups
Africa-focused music download service Mdundo Raises $6.4million from IPO
Mdundo, the Kenyan-based music downloading startup owned by a Denish national, has raised $6.4million from its IPO — oversubscribed by…
Read More » -
News
Tanzania’s Menstrual Hygiene Management Enterprise – WomenChoice Industries Secures $200k Funding from Gray Matters
US-based impact investor Gray Matters Capital has today announced $200,000 funding in Tanzania based WomenChoice Industries. WomenChoice Industries is a…
Read More » -
Startups
Kenyan fintech startup Wapi Pay raises capital to scale across Africa
Singapore and Kenyan based Fintech startup ‘Wapi Pay’ has raised seed capital through the accelerator Future Hub making it its…
Read More » -
Startups
On-demand delivery platform Sendy raises $20 million round
Kenyan on-demand delivery platform Sendy has raised a $20 million Series B led by Atlantica Ventures. The funding was also backed…
Read More » -
Startups
Online Travel Agency Timbu Launches New Fund To Invest In Kenyan Travel Startups
Timbu, a Mauritian based online travel agency has launched an investment arm to fund and invest in Kenyan travel and…
Read More » -
Startups
Nigerian Fintech Startup Trove Secures An Undisclosed Amount Of Funding From ARM
Nigerian micro-investing fintech startup Trove has secured an undisclosed amount of funding from asset management firm, ARM. This is the…
Read More » -
News
Agritech startup WeFarm secures $13 Million funding to scale its Smallholder Agricultural Ecosystem
London-based farmer-to-farmer digital network WeFarm has raised $13 million in a Series A round of funding. The round was led…
Read More » -
Startups
Kenya’s agri-tech startup Twiga Foods secures $30M to digitize food distribution
Kenyan food distribution startup, Twiga Foods has raised $23.75 million in a Series B equity round led by Goldman Sachs.…
Read More » -
Startups
Branch International raises another KSh.500M from Centum-owned, Barium Capital
Mobile lender Branch International has announced its fourth commercial paper issuance from Centum-owned advisory firm, Barium Capital, raising Ksh500 million.…
Read More » -
Startups
FasterCapital seeking to fund startups in Kenya
On the 11th July 2019; more than 20 African countries brought into effect what is going to be the largest…
Read More » -
Startups
SafeBoda raises funding from GO-JEK, plans to venture into mobile payments and insurance
Ride-hailing platform SafeBoda has raised an undisclosed Series B round co-led by Allianz X, the digital investment unit of the…
Read More » -
Startups
E-healthcare startup MYDAWA secures $3M funding from Africa HealthCare Master Fund
Kenya’s leading e-healthcare platform MYDAWA, has secured a $3M investment from Africa HealthCare Master Fund. This is the first round…
Read More » -
Startups
Seedstars is launching a $100M fund to invest in African tech startups
Seedstars has announced a new partnership with Paris-based First Growth Ventures to launch a $100 million fund to invest in…
Read More » -
Startups
Branch raises $170 million funding round, announces new partnership with Visa
Visa and Branch International, have announced a partnership that will see virtual Visa prepaid debit cards offered to over 2…
Read More » -
Startups
Partech Africa Report: African tech startups raised US$1.163 billion in equity funding in 2018
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech…
Read More » -
Startups
Nigeria’s Fintech Startup TeamApt closes $5.5M Series A Round To Scale Into Additional Markets
TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A…
Read More » -
News
Andela raises a further $100M in new round of funding
Andela has today announced the completion of a $100M Series D funding led by Generation Investment Management with participation from…
Read More » -
Startups
Nigerian fintech startup Mines, secures $13M funding
Mines, a Nigerian fintech startup re-inventing credit in emerging markets secured $13M funding. The Series A round was led by…
Read More » -
BUSINESS
Branch raises Ksh.350 Million to expand its loan product offerings in Kenya
Mobile loans company Branch International has raised Sh350m to expand its loan product offerings in Kenya. The commercial paper issuance…
Read More » -
News
Kenya’s mSurvey Secures $3.5m Series A Investment
Kenyan SaaS Mobile Consumer Feedback Company mSurvey has announced a Series A round of USD$3.5m, led by Africa focused venture…
Read More »