Startup news

Vehicle financing startup Moove grows with $105m funding

African startup Moove Africa, which provides revenue-based vehicle financing, will expand to seven new emerging markets in Europe, Asia and the Middle East in…

Luno hits new milestone with 10 million customers

Luno, the crypto company founded by two South Africans, now has 10 million customers in over 40 countries. Luno’s latest one million customers were…

Kippa launches new digital payments product for SMEs

Kippa, a fast-growing Nigerian fintech start-up offering digital business and financial management solutions for SMEs in Africa, has launched its second product, Kippa Payments….

African startups can now apply for next e-Track cohort

Applications for the upcoming e-Track programme, hosted by UCT GSB Solution Space, have just opened. This three-phase venture accelerator was developed by a specialised…

Cape Town based Locstat raises investment from Grindstone Ventures

Cape Town based advanced analytics company, Locstat, has secured undisclosed amount of funding from Grindstone Ventures. Founded in 2016, Locstat enables customers to unlock…

SmartWage seed round raises $2M to transform African workforce

Human resources and communications technology start-up SmartWage raised $2 million in an oversubscribed seed funding round that drew participation from Idris Bello (founding partner…

Adtech startup addvirtt exits stealth to democratise sports advertising

South Africa-based sports advertising start-up addvirtt is plugging African brands into the formerly unattainable high impact, high-value TV visible advertising inventory of Europe’s biggest…

Egypt fintech, Lucky, raises $25M in Series A

Lucky, the leading app in Egypt for credit products, offers and cashback rewards, has raised $25 million in a Series A funding round. The…

Nona Digital acquired by South Africa’s Yoco

African payments and software company, Yoco, has acquired the leading fintech and Web3 software development agency in Africa, Nona Digital. The acquisition significantly accelerates…

New Google.org Fellowship to empower African entrepreneurs

The Tony Elumelu Foundation (TEF) and Google announced an inaugural Google.org Fellowship to provide one million additional Africans with access to TEFConnect, as part…

Moove raises $105M in Series A2 round to power global expansion

Nigeria’s pioneering mobility fintech Moove attracted four new investors in a successful $105 million Series A2 funding round. AfricInvest, MUFG Innovation Partners, Latitude, and…

Three SA startups chosen for Google for Startups Accelerator Africa Class 7

Google has announced the participants in Google for Startups Accelerator Africa Class 7. The selected startups are developing solutions in areas such as healthcare,…

Telecel selects 10 start-ups for Accelerator Programme

Ten start-ups from across the continent have been selected for the 2022 Telecel Group Africa Startup Initiative Program (ASIP) Accelerator Programme, powered by leading…

Digital health startup, Cardo Health, launches telemedicine app in SA

Cardo Health, founded by Tobias Strålin (a former McKinsey Partner and European start-up practice leader) has launched Kena Health in South Africa. For the…

CrowdForce raises $3.6M during Series A

HAVAÍC, Aruwa Capital Management (Aruwa), and Asian African Investment & Consulting (AAIC) have announced a joint US$3.6 million pre-series A investment in CrowdForce. Empowering Nigeria’s underserved and unbanked population, the financial…

Fintech group, Capital Appreciation Limited, acquires Responsive Technology

South African fintech group, Capital Appreciation Limited has acquired the Responsive Technology group for the purchase price of R48,68 million. The acquisition includes 100% of…

iiDENTIFii cracks nod for JSE Enterprise Acceleration Programme

Remote biometric digital facial authentication and automated onboarding technology start-up iiDENTIFii has secured a coveted spot in the JSE Enterprise Acceleration Programme. The company…

Floatpays secures R15M investment from Naspers Foundry

Floatpays, a Cape Town-based on-demand earned wage access platform, has received a R15 million investment from Naspers via its early-stage tech investment arm, Naspers…

Clickatell secures $91M in oversubscribed Series C funding round

Chat commerce company Clickatell has secured $91 million in a Series C funding round led by Arrowroot Capital, with participation from Kennedy Lewis Investment…

MarketForce raises $40M in largest Series A round in East and Central Africa

Nairobi-based MarketForce, a B2B platform for retail distribution of consumer goods and digital financial services in Africa, has closed a $40 million Series A…

Lipa secures R10M financing from Imvelo Ventures

South African-based fintech start-up Lipa Payments has secured a R10 million investment from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank. The…

Cape Town based BNPL startup secures Weaver Fintech investment

PayJustNow, a Cape Town-based digital payment platform specialising in Buy Now Pay Later (BNPL), has secured an investment from a major fintech player, which…

Fintech unlocks digital potential of Krugerrands

South African Fintech Troygold allows Kruger rand owners to upload and digitise their physical assets and then use it for transactions and finances. Customers…

Microsoft gains access to Open AI code base, trouble for Google?

Nedbank PayShap, hot air, or viable payment solution?

AI crypto: What is AI in crypto and how will it change the game?

Support SMEs to combat SA unemployment, plead experts

Covid-19 slows investments in East African start-ups

FSAT Labs: These 16 start-ups made the cut

Retro Sony Walkman music player NW-A300 comes stylishly compact

Modeling agencies in trouble as AI strikes, here’s why

Get extraordinary photography with the HUAWEI Mate50 Pro

Review: Hyundai Staria R2.2 multicab

GR Corolla to continue Toyota’s hot hatch legacy in SA

Review: Tiguan Allspace 1.4 TSI 110 kW R-Line