On January 20, 2025, during President Donald Trump’s inauguration festivities at Washington D.C.’s Capital One Arena, Elon Musk made a hand gesture that ignited…
Egyptian fintech Shahry raises $650k investment
Egyptian fintech Shahry has raised $650 000 in a pre-seed investment from Egyptian bank Egbank. The digital lending startup was founded in January last…
Novastar Ventures closes capital raise for $108m fund two
Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II. The fund will target businesses in East and West…
Absa invests in SA startup stock exchange A2X Markets
SA startup stock exchange A2X Markets has netted an undisclosed amount in investment from Absa bank. In an announcement yesterday, the startup said Absa…
Cryptocurrency platform Luno reaches over 4 million users
SA founded cryptocurrency platform Luno announced today that it has reached over four million customers worldwide, having added a million new users since September…
Covid-19 and African tech startups roundup [13/05/2020]
South Africans can from today buy new and used vehicles again. Emergency repairs can also be carried out on cars, including those that are…
African Crowdfunding Association probing controversial Uprise.Africa
UPDATE (21 May 2020): Uprise.Africa said in a statement issued on 19 May 2020 that the ACfA had completed a review of Uprise Africa’s…
Egyptian end-to-end distribution platform Brimore raises $3.5m
Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning…
Covid-19 and African tech startups roundup [12/05/2020]
FirstRand’s Vumela Fund has committed an additional R25-million to SA fintech lender ProfitShare Partners to lend to small businesses needing capital to supply essentials…
Village Capital announces the names of NextGen Ecosystem Builders Africa 2020 cohort
US venture capital (VC) company Village Capital has announced the names of the business advisors and hub representatives selected for its NextGen Ecosystem Builders Africa…
Egypt’s Source Beauty raises pre-seed funding from 500 Falcons
Cairo-based online beauty platform Source Beauty has raised a pre-seed investment from 500 Startups’s Middle East and North Africa (MENA) region fund, 500 Falcons….
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