STARTUPS

AfricInvest STARTUPS

AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund

AfricInvest, a leading multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund…

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BUSINESS

A Look At The Top 10 Women-Led Startups 2022

This year’s top 10 teams were selected from a pool of over 350 start-ups that had applied for the program. This program, which is in its 5th cohort has attracted…

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mtek STARTUPS

mTek secures $3 million investment for digital insurance penetration

On the heels of a recent $1.50 million (KSh 170 million) investment which helped to unlock for Kenyan citizens greater, real-time access to health insurance, plus other general insurance products,…

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bamba STARTUPS

Bamba Raises $3.2M Seed Round 

Bamba, mobile-first enterprise software for micro-merchants in Africa, has secured $3.2m in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the…

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african startup STARTUPS

Why African startup founders becoming investors is “fantastic” for the ecosystem

African startup founders becoming investors in their counterparts even while they are still building their own businesses is “fantastic” for the continent’s startup ecosystem, and demonstrates the growing maturity of…

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andela STARTUPS

Andela Launches New Platform to Power the Future of Customized Work

Andela, the global marketplace for remote technical talent, has announced the launch of its new platform designed to create a more direct, personalized, and successful hiring experience for both talent…

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zalego academy STARTUPS

Zalego Academy Joins the Amazon Web Services (AWS) Training Partner Program

Zalego Academy, a subsidiary of StepWise Inc. that focuses on ICT training and enhancing the employability of youth and people from underserved communities, announced today that it is working with Amazon…

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STARTUPS

Nigeria’s ThriveAgric raises $56.4m debt funding to accelerate African expansion plans

Nigerian startup that leverages technology to empower smallholder farmers across Africa by linking them to finance, data-driven best practices, and access to local & global markets for their commodities has…

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M-KOPA Customer and Agent STARTUPS

M-KOPA Secures $75M Growth Equity Round

M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, announced its $75M Growth Equity round. The round was led…

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Ndovu STARTUPS

Ndovu – The online partner for stock investment that’s been long overdue

Most Kenyans do not know how to go about investments, particularly investments in the stock markets. The stock market so far has been presented as a market for the elite…

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Flutterwave STARTUPS

Flutterwave Closes USD $250m in Series D Funding

Flutterwave Closes USD $250m in Series D Funding, Valuation Rises to Over USD $3bnFlutterwave attracts an all-star line-up of leading new investors. The company announced that it has raised USD…

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BasiGo STARTUPS

BasiGo Secures $4.3 Million from Novastar Ventures and other Silicon Valley Investors

BasiGo, an electric vehicle technology and financing company bringing electric bus services to sub-Saharan Africa, has announced a $4.3 million Seed funding round, led by Novastar Ventures with participation from…

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visa everywhere STARTUPS

Visa Everywhere Initiative 2022 invites fintech and payment startups to showcase their solutions on a global stage

The Visa Everywhere Initiative (VEI), a globally open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand exposure to key fintech…

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NBK Capital STARTUPS

NBK Capital Partners Mezzanine Fund provides US$ 10 million financing to Moove, an African mobility fintech

NBK Capital Partners Mezzanine Fund II (the “Fund”) announced today that it closed a US$ 10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech…

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STARTUPS

After securing $1 million in Seed funding, Zanifu now eyes Uganda and Ghana markets

Zanifu has announced plans to upgrade its platform and grow the number of micro, small and medium enterprises (MSMEs) it extends stock-financing to after securing $1 million in Seed funding….

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STARTUPS

poa! Internet receives $28M from a financing round led by Africa50

When Africa50 launched its innovation challenge calling for solutions to improve last-mile connectivity to increase access to reliable and affordable internet in Africa, it received 673 proposals. Kenya’s poa! Internet…

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STARTUPS

Ugandan asset financing startup, Asaak, secures $30 million to support region’s taxi operators

Ugandan asset financing startup, Asaak, has secured $30 million in pre-Series A equity and debt funding that saw the participation of new and existing investors among others, Resolute Ventures, Social…

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Kwara and Workpay STARTUPS

Kwara partners with Workpay to offer streamlined HR & Payroll services to SACCOs in Kenya

Digital banking fintech startup Kwara has partnered with Workpay to offer Savings and Credit Co-operative Societies (SACCOs) in Kenya with human resource management and payroll processing solutions. The partnership will enable SACCOs to automate…

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Asilimia Portrait Shots STARTUPS

Asilimia secures $2 million to build the financial infrastructure of Africa’s informal economy

Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has raised $2 million to grow its team, deliver new services and…

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BUSINESS

32 Year Old Lady Moving And Shaking The Steel Manufacturing Industry In Kenya

She is an engineer by passion, not by training. Wangechi Kamau, CEO Classic Steel Engineering is not your typical company founder and owner… She is Layed back and at the…

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STARTUPS

Cellulant to power payments infrastructure for ImaliPay

ImaliPay, the Nigerian startup which leverages artificial intelligence (AI) and big data to offer tailored financial products, has partnered with pan-African payments company Cellulant for its payments infrastructure and solutions…

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opibus STARTUPS

Opibus Secures Sub-Saharan Africa’s Largest Ever Fund Raise In Electric Mobility (7.5 Million USD)

Opibus, Sub-Saharan Africa’s leading electric vehicle manufacturer, announced today that it has raised $7.5 mil in funding led by Silicon Valley fund At One Ventures, further supported by Factor[e] Ventures…

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mShwali STARTUPS

mSwali

Kenyan education-based trivia startup mSwali has raised a pre-seed funding round of an undisclosed amount, to enable it to expand its mSwali Quiz MVP from USSD app to a web…

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autochek STARTUPS

Autochek Secures $13.1mn Seed Funding to Scale its Technology and Accelerate Expansion

Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on investors, TLcom Capital and 4DX Ventures, the round also included…

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mazao talks STARTUPS

MARK-UP KENYA and SEMABOX partner to launch Agri-business podcast series Mazao Talks

With support from the EU, MARKUP Kenya is excited to announce a partnership with podcast producing company SemaBOX to create and produce a podcast series called Mazao Talks.  The first season…

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Eden Life App 1 STARTUPS

Eden Life Closes $1.4m Seed Round For Africa’s First Home Services App

Eden Life, Africa’s first home services app for scheduling food, laundry and cleaning services, has completed a $1.4m Seed round, led by UK-based LocalGlobe, along with participation from Samurai Incubate,…

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Mission for the future STARTUPS

Stand a chance to win part of the LG’s Ksh 2 billion Mission for the future innovation contest

LG Electronics (LG) recently launched Mission for the Future, a global competition for startups to unlock innovative technologies and business ideas into the future. This inaugural competition is hosted by the company’s…

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Bolt Food STARTUPS

Bolt Food Scales up its service offering to more areas in Nairobi

Bolt Food has expanded its operations into new areas within Nairobi to bring quality and reliable food delivery services closer to customers. Bolt Food will now be available in Windsor,…

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PawaPay STARTUPS

pawaPay Closes on Seed Funding of $9M

African payments company pawaPay, has secured a $9m Seed raise. The round was led by UK-based investment fund 88mph, with participation from Vunani Capital,  Kepple Ventures, MSA and Zagadat Capital….

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Sendy ltd STARTUPS

Sendy ltd unveils vans campaign for faster-digitized goods delivery service

Sendy Ltd, an on-demand delivery company, has initiated a plan to provide small businesses and individual consumers with low-cost logistical solutions. Small companies and individuals who place their first order…

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