STARTUPS

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
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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
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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
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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 ‚ÄúFund‚ÄĚ) announced today that it closed a US$ 10 million financing facility with Uber‚Äôs 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‚Äôs 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
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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
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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 STARTUPS

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

Eden Life, Africa‚Äôs 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
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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‚Äôs…

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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
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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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Sendy Ltd
STARTUPS

Sendy Ltd debuts electric vehicle fleet for its last-mile delivery service

Sendy Ltd is piloting its first electric vehicle fleets to help address clean transportation in Nairobi.The Kenyan company has partnered with electric vehicle provider ARC Ride to deploy 3-wheeler (3W)…

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akzo nobel
STARTUPS

AKZO NOBEL is stirring things up again with second global startup challenge

Startups are about to explore a world of possibilities in the paints and coatings industry ‚Äď Paint the Future‚Äôs second global startup challenge launched May 18. Led by AkzoNobel (AKZA;…

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STARTUPS

Tanda leveraging Ukheshe Technologies’ Eclipse API to revolutionize price-sensitive East African payments market

With digital banking providing consumers with more efficient ways to access banking records and complete financial transactions outside of local branches, Kenyan agency banking startup Tanda is also working hard…

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tanda
STARTUPS

Kenya banking startup Tanda is now expanding regionally after it secured funding last month

Kenyan agency banking startup Tanda is expanding its operations regionally after closing a funding round in February 2021. This expansion drive comes after Tanda secured backing in February 2021 from…

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e-commerce booster programme
STARTUPS

2000 MSME’s to benefit from new E-Commerce Booster Programme by TMEA, FCDO and EU

With funding from the European Union and UK‚Äôs ForeignCommonwealth Development Office, the Kenya Private Sector (KEPSA) today launched an Ecommerce Booster Program targeting at least 2000 Micro, Small and Medium…

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bolt
STARTUPS

Bolt Raises shs 19.8 billion to bolster the Quality and Safety of its services

Bolt, the leading on-demand mobility platform in Africa, has raised Ksh. 19.8 billion funding from D1 Capital Partners meant to bolster safety and security measures on its platform. The funds will…

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African Tech Startups
STARTUPS

African tech startup funding passes $700m in record-breaking 2020

2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money, from more investors, than ever before. This is according to the…

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STARTUPS

Coca Cola Africa seeks a tech-based solution to measure in-market performance

Coca-Cola Africa has always been lauded for its excellent distribution strategy, somewhere in a rural village where even a government road infrastructure has not penetrated, you will see Soda Baridi…

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Lori Startup
STARTUPS

Kenya’s Lori Startup Expands to Nigeria

Recently someone wondered why Kenyans prefer foreign to local solutions. He mentioned that boda boda delivery service provider, Glovo, that has been doing so well in Nairobi as example. Probably…

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