News

Yaga raises $2.3m to grow pre-loved fashion market in Africa

Women across Africa and Asia will soon be spoilt for choice when it comes to second-hand clothing after Yaga, a women-founded e-commerce start-up, raised…

$2m in prizes awarded to African youth-led start-ups

Twenty African youth-led enterprises have won grant funding of up to $100 000 each in this year’s African Youth Adaptation Solutions Challenge (YouthADAPT) competition….

African start-ups can now enter Global Startup Awards

Entries to the 2023 Global Startup Awards in Africa have officially opened. Start-ups, entrepreneurs, and innovation organisations at all stages of the growth cycle…

Blnk raises $32m to power instant consumer credit in Egypt

Blnk, a fintech start-up that enables instant consumer credit in Egypt, has raised $23.7 million in equity and debt funding, and $8.3 million in…

GPP acquisition offers opportunities for senior developers

In the wake of Africa’s tech talent shortage, financial services firm GPP is set on offering attractive opportunities for senior developers who can help…

Egypt’s Lucky fintech strikes it lucky with 10m users

Lucky, a leading fintech platform for credit products, offers and cashback rewards in Egypt and the Middle East, confirmed that more than 10 million…

Africa’s e-security is the worst among all continents

Africa’s e-security index is the worst among all continents, according to the latest edition of Surfshark’s Digital Quality of Life Index. It scores at…

Learners strut their start-up stuff

Tech solutions featured strongly in green start-up ideas presented by learners at the finals of the Primestars Step Up 2 a Green Start Up…

Bitvice wants to spread Bitcoin custodianship in South Africa

Over four million South Africans own cryptocurrency and Bitcoin investment platform Bitvice wants to increase that number dramatically. This is only one of the…

ImaliPay brings fintech options to South African gig workers

Fintech platform ImaliPay has announced its expansion into South Africa. This move leverages a partnership with Stitch to rely on its payment and open…

IFC, Novastar and Arcadia Funds star in $110m TradeDepot funding round

African retail and ecommerce marketplace TradeDepot raised $110 million in a Series B equity funding round led by Novastar, CDC Group, Endeavour Catalyst and…

Carry1st partners with PayPal and Chipper Cash to bring payments to Africa

Carry1st, Africa’s leading mobile games publisher, partnered with online payments pioneers PayPal and Chipper Cash to enable people across Africa to purchase virtual goods and services online…

World Mobile launches hybrid network into Zanzibar sky

World Mobile is launching its unique hybrid mobile network supported by low altitude platform balloons in Zanzibar. The balloons are the first to officially…

Vumela Fund backs Kusini Water expansion

The FNB Business and Edge Growth investment vehicle Vumela Fund has announced a new deal with Gauteng-based clean watertech start-up Kusini Water. This investment…

Engen Convoy Fund investment unlocks opportunities for DKN Transport

Road freight logistics solutions company DKN Transport will be able to expand its fleet size and create additional jobs thanks to an undisclosed, but…

Mobiz gets $4m US expansion boost

A collection of investors including Futuregrowth, Allan Grey E-Squared Ventures, Launch Africa and HAVAÍC participated in a pre-series A funding round that raised $4…

1kx leads $5m funding round for NFTfi expansion

Innovative NFT-based marketplace NFTfi has secured $5 million in a funding round supported by day one investor 1kx and attracted Ashton Kutcher’s Sound Ventures…

VoxCroft Analytics get big investment from Knife Capital

Open-source intelligence company, VoxCroft Analytics, raised close to $2 million in Series-A funding from Knife Capital. This investment will speed up expansion of US…

Recap: 2021 SAVCA Venture Capital Conference

The Southern African Venture Capital and Private Equity Association (SAVCA) represents about 170 members who manage more than R185 billion in assets and its…

Tencent leads $48m Ozow Series B funding round

Storied South African fintech company Ozow attracted TenCent, Endeavor Catalyst and Endeavor Harvest Fund in a series B funding round that totaled $48 million….

MultiChoice leads R62m AURA funding round

South Africa’s leading security and medical response marketplace AURA secured R62 million in a successful Series A funding round led by MultiChoice Group, Buffet…

JUMO raises $120m from Fidelity and Visa in bumper funding round

Fintech start-up JUMO has raised $120 million with Fidelity, Kingsway Capital and Visa among the biggest participants in its latest round of funding. This…

Renewable energy start-up SOLA gets on the grid early

SOLA Group has reached commercial operation providing solar energy to Amazon Web Services (AWS) three months earlier than expected. This will fulfil the commission…

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