Bolt, formerly Taxify has raised $67 million in growth funding for its global expansion plans according to a new report by TechCrunch. Bolt says the funding is part of a bigger round which is ongoing but brings the valuation of the company to over $1 billion, joining the unicorn club. ...
Wala, South Africa's blockchain startup has closed down, the startup’s CEO Tricia Martinez has confirmed in a blog post. The company was founded in 2015 by Tricia Martinez and Samer Saab. It initially provided access to transactional banking, remittances, loans, and insurance, working with specialist providers to offer a full suite of ...
LeBashe, which is 100% black owned and managed, has invested in RainFin, resulting into RainFin’s direct black ownership increasing to over 75% in a move expected to profoundly positive effect on the ability to service the SME segment across SA and Africa. In March last year, LeBashe had acquired a ...
Africar Group has raised an undisclosed 6 digits US dollars amount in 2018, from international investors for expansion in Africa, and now has platforms in 40 different countries taking on struggling Ringier One Africa's Cheki. With 10 new platforms launched in Liberia,Mauritania,Comoros,Mauritius,Nigeria,Djibouti,Sudan,Republic of Congo,Central African Republic and Angola, Africar Group is by ...
Insurtech startup Lumkani has closed a seed funding round to provide highly vulnerable, traditionally excluded, low-income consumers living in informal settlements with insurance coverage. The funding round was led by 4Di Capital and Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion with participation of Lireas. Lumkani ...
Beacon Inclusive is a social enterprise that seeks to reboot equality by catalyzing internet of things technology to foster inclusion of vulnerable groups (Women and Children in low resourced areas, Refugees, and Persons with Disabilities) in society; founded upon the values embracing Inclusion and Diversity. Those who are on the ...
Ace Development is a Kenyan-based startup ran by a group of entrepreneurial university students. The companys main objective is to produce and supply sustainable, renewable and green energy in the form of biomass briquettes made from waste such as char-dust and agricultural produce husks. Ace Development spoke to TechMoran ...
Pangea accelerator has invested in 3 Kenyan startups, from their cohort of over 40 startups (from Egypt, Kenya and Nigeria) and over 400 applications. The three include Biasharabot, Onesha and Tozzplus. Biasharabot (a social media management system and customer service chatbot), Onesha (a digital marketplace for with over 700 creatives) and ...
The Frontier Car Group, which operates Cars45 in Nigeria has raised $89m from Naspers to expand its second-hand car auction in Africa, Latin America and Asia, the FT reports. Early this month, FCG raised $58m Series B funding from Balderton, TPG Growth, automotive funds Fraser McCombs Capital, and AutoTech Ventures and $17M in debt financing ...
Finland based start-up, HMD Global - the home of Nokia phones has raised additional USD 100 million to scale business operations and fund the company’s growth in its second year. The $100m round was led by Geneva based, Ginko Ventures via Alpha Ginko Ltd. with participation from DMJ Asia Investment ...
TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched Africa Fund. The Series A round which will support the expansion of TradeDepot’s footprint in Nigeria and development in other countries. According to Onyekachi Izukanne, co-founder and CEO of TradeDepot, “This ...
Asoko Insight, a London-headquartered provider of corporate intelligence with research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan has completed a $3.6 million Series A fundraising round, as it moves into the next stage of its pan-African expansion plan. The round of funding was led by early shareholders, including ...
South Africa's hearX Group aims to provide affordable access to hearing care using digital solutions that anyone can use anywhere using cutting edge technology, the world's first smartphone diagnostic otoscope, that detects hearing loss in time. The startup launched by Prof De Wet Swanepoel and Dr Herman Myburgh of the ...
Terragon, a Nigerian mobile marketing firm has raised a $5 million funding from TLcom Capital to build its mobile ad technology to connect more brands and SMEs in Africa. The mobile marketing technology helps firms increase their customer reach, engagement and conversions. Terragon also runs Twinpine, a pan-African ad network. According ...
African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth as African entrepreneurs leverage tech and digital to tackle the continent’s fundamental challenges, said a new report from Partech Ventures. The report, says 124 African tech start-ups raised a total of US$ 560 Million in ...
Sierra Leone's Azimuth trading as Easy Solar, a pay-as-you-go solar distribution company has raised funding from Acumen’s Pioneer Energy Investment Initiative, an effort to bridge the funding gap in off-grid energy and accelerate access across the developing world to make clean energy affordable to those underserved by the grid. According to Leslie Labruto, Global ...
Kenyan based eCommerce company, Sky.Garden,which is works as a ''Shopify for Africa'', has raised a $1.2 million to launch its next generation merchant platform later this year and expand across East Africa. The funding round was led by Jesper Drescher, TRK Group based in Norway, The Katapult Accelerator Follow-up Fund, and a ...
Nigeria's Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding to scale its operations with plans to expand into a combined 20 states in Nigeria. The $1m was raised from Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital; as ...
Digital money transfer service WorldRemit has raised $40m to serve 10 million customers connected to emerging markets. With the funds, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as sending an instant message, using the WorldRemit app. Countries in Africa which now receive remittances ...
This post by Keet van Zyl first appeared on Medium here. Keet van Zyl is a Venture catalyst, scale-up Investor and co-founder at Knife Capital. With entrepreneurship conference season hitting South Africa, coffee-infused conversations about the lesser-spotted African Unicorn are unavoidable, and DNA traces of this mythical beast seem to be present in every startup ...
mPharma, a venture-backed startup with a simple mission to make prescription drugs in emerging markets easily accessible, and easily affordable has raised a $6.6 million Series A round to provide doctors, patients and pharmacists access to a network of high quality chronic disease medicines at sustainable prices. The round was led ...
Dubai International Financial Centre (DIFC), a financial hub in the Middle East, Africa and South Asia (MEASA) region has launched a USD 100 million FinTech-focused fund to invest in and accelerate fintech startups from incubation through to growth stage. According to His Excellency Essa Kazim, Governor of DIFC, “It gives me great ...
Jumo, a big data analytics firm which allows cost-efficient provision of loans has raised $6m from Finnfund in form of a debt instrument to support its expansion in Africa and Asia and the development of its platform in order to provide new services for SMEs, small and medium-sized enterprises. The ...
As a promising startup, you may be asking yourself "What exactly do Venture Capitalists have interest in pitches?" Well, the answer is quite simple huh. They are only looking for an opportunity for a great investment in your pitch. A startup can have the best presenters who have an ...
Three of the largest funders in international development -- USAID Development Innovation Ventures (DIV), UKAID (DFID), and an anonymous foundation - are providing outcome funding for the Village Enterprise Development Impact Bond (DIB). Village Enterprise was selected from over 80 organizations to launch the first Development Impact Bond (DIB) for poverty alleviation ...
Ghana's Bloom Impact, a machine learning loans marketplace accessible from smartphones has raised undisclosed funding from Engineers Without Borders Canada, EWB Ventures, an early-stage investor in innovative Africa-based social enterprises. EWB has also invested in M-Shule, Numida Technologies, FarmDrive and Rent-to-Own. Its latest investment in Africa will allow MSMEs to create a digital profile, learn about and apply for ...
FabWoman has raised an undisclosed amount in pre-seed funding from Iconway Ventures to solve the problem of product and brand discovery for women. According to FabWoman co-founders, Anu Odubanjo and Dayo Odubanjo, Fabwoman content and commerce platform aim at serving millennial women in Africa between ages 20 and 40. With topics ...
Johannesburg-based online ideas collaboration platform Nectir, has raised $2m in seed funding to lead the next wave of business innovation management systems. Using strategy alignment and social gamification elements, the Australian-owned company -- with presence in Sydney, Perth & Canberra, as well as Johannesburg in South Africa has recently launched globally and signed up more than twenty-five corporates, representing ...
Azuri Tech has raised £300,000 through a crowdfunding platform from over 100 investors to help more Kenyan homes get connected to affordable home solar power systems. The investment will help Azuri distribute four light solar home systems to Kenyan homes at affordable installments of over 18 months. Virgin Unite provided an ...
Andela has secured $40M in Series C funding to launch offices in two additional African countries over the next year, doubling its developer base from 500 to 1,000 to meet growing demand. Andela is present in Nigeria, Kenya and recently launched in Uganda. We don't want to speculate but the ...
