Funding
SA’s Lulalend raises $6.5m Series A to deepen small business financing
Lulalend, South Africa’s online short-term funding for small and medium enterprises (SMEs) has raised $6.5 million Series A financing co-led...
Nigeria’s moto-taxi firm MAX.ng raises $7m, plans to scale across Africa
MAX.ng, Nigeria's motorcycle transport startup has confirmed its $6 million in eiquity and $1m in grants to bolster its operations...
Nigeria’s MDaaS Global Raises $1M to tackle the $1.6B diagnostics sector in Africa’s most populous nation
MDaaS Global, a Nigerian tech-enabled diagnostic firm has raised $1 million seed funding to scale in Nigeria and replicate its...
Inter Africa Transport Forex raises undisclosed funding from Emerging Capital Partners $640m Africa Fund
Mauritius-based Inter Africa Transport Forex (IATF), a fintech platform that enables transport companies, especially cross-border ones – to better procure,...
SA Insurtech startup Inclusivity Solutions raises $1.56m to expand to new markets in Africa
Cape Town-based insurtech startup Inclusivity Solutions has raised $ 1.5 million first tranche of its Series A round to expand...
AfDB launches a $400m Africa Digital Financial Inclusion Fund to expand digital financial transactions in Africa
The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid...
Futuremakers by Standard Chartered raising $50m to invest in 50,000 youth-led startups
Standard Chartered Bank has launched its new community investment approach called Futuremakers by Standard Chartered to help the next generation...
AgriTech startups to receive £220K from GSMA Innovation Fund for Digitisation of Agricultural Value Chains
The GSMA Innovation Fund for Digitisation of Agricultural Value Chains aims to scale digital solutions for the agricultural last mile...
Seedstars partners with First Growth Ventures to launch a $100mn sub-Saharan Africa venture fund
Seedstars has partnered with First Growth Ventures' founders Tamim El Zein and Maxime Bouan to launch a $100mn sub-Saharan Africa...
AfricInvest and Cathay Innovation join forces to launch a $169m Pan-African Venture Fund
AfricInvest, a PE firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund,...
Daystar Power enters Ghana after raising $10m for West Africa expansion
Daystar Power, a solar energy firm has opened its second branch in West Africa with an office in the Ghanaian...
Mastercard takes a stake in Jumia to accelerate e-commerce growth in Africa
Mastercard has taken a stake in Jumia to grow e-commerce operations and support the digital transformation of the continent. Currently,...
This virtual incubator has raised a new funding round to accelerate startups across Africa
This virtual incubator, which has invested more than $13 million into more than 24 graduated startups has announced that it...
Beyond Capital Fund Makes Second Investment in Kenyan Agritech startup
Beyond Capital Fund, an impact investment fund that invests in for-profit social enterprises throughout India and East Africa has made its second...
GreenTec Capital invests in Namibian high-tech CPU maker PEBL
There are only three computers for every one thousand Africans due in part to the low presence of major PC...
This remittance firm has raised $20m Series C to simplify sending money to Ivory Coast, Kenya & Nigeria
In a move to its users the freedom to send money whenever they want and how they want, this remittance...
This Cryptocurrency Wallet Has Raised More Than $0.5m in Seed Funding to Help Users Transact via SMS
This emerging markets focused cryptocurrency has raised seed funding to help bring cryptocurrency transactions to millions of users in Africa...
With $35,000 in seed funding, this new talent platform will connect Africans to jobs quickly
TalentsinAfrica.com has launched to connect Africans to new opportunities taking on Ringier One Africa Media's Jobberman and the rest with...
Car classifieds marketplace raises six-digit round, goes enterprise & launches in 10 new African markets
Africar Group has raised an undisclosed 6 digits US dollars amount in 2018, from international investors for expansion in Africa, and...
How Sky.Garden is enabling & disrupting eCommerce in Kenya
Sky.Garden is a SaaS mobile commerce platform built for retailers in Africa that allows retailers to sell inventory with ease...
Kings Biofuels receives $50,000 investment from KCIC
Kenya Climate Innovation Center pumped KES 5 million into Kenyan based ecofriendly briquette manufacturerKings Biofuels, as early-stage financing. The company...
Why native African investors are shying from backing local tech startups and why this should change
In May of 2000, The Economist in no subtle terms labeled Africa 'The Hopeless Continent'. Making up its mind that...
Taxify raises $175m investment led by Daimler, joins the unicorn club
Taxify, a leading European ride-hailing company with operations in Kenya, Uganda and Nigeria, has completed an investment round of $175...
Kenya’s Biasharabot, Onesha & Tozzaplus raise funding from Pangea, a Norway-based accelerator
Pangea accelerator has invested in 3 Kenyan startups, from their cohort of over 40 startups (from Egypt, Kenya and Nigeria) and...
Kenya’s Pawame crowdfunds $543k debt financing
Pawame, young Kenyan off-grid solar energy startup, has raised $543,000 in debt finance via Sweden-based crowdfunding company TRINE. This sum...
Frontier Car Group raises $89m from Naspers to expand across Africa
The Frontier Car Group, which operates Cars45 in Nigeria has raised $89m from Naspers to expand its second-hand car auction...
Naspers Ventures leads $50m Series C round for home care company Honor
Naspers Ventures has led a $50m Series C round for home care company Honor, a comprehensive home care company for older...
Cellulant to scale Agrikore, it’s mobile blockchain-based platform to more farmers
After raising $47.5m from the Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, Cellulant, says...
Cellulant Raises $47.5 Million Series C From The Rise Fund to Expand its Digital Payments Across Africa
Cellulant, a digital payments provider that reaches 40 million people across 11 African countries has sold a $47.5m stake to...
Oikocredit invests € 1 million in Rwanda’s Inyenyeri to reach 150,000 households with clean energy
Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and...