Startup news

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…

Alpha Intelligence Capital leads $100M InstaDeep Series B

Tunisian artificial intelligence start-up InstaDeep announced that it raised $100 million and closed a successful Series B funding round led by Alpha Intelligence Capital…

South African HR software startup, Wamly, secures second round investment

Wamly, the video interview software startup founded by Francois de Wet in 2018, has secured a 2nd round investment from South African venture capital…

Partech launches accelerator to help European startups expand to Africa

Paris-based tech investment firm Partech has launched Chapter54, an accelerator programme to support European startups wanting to expand into Africa, via its innovation division,…

Sengalese logistics company, PAPS, raises $4.5M in Series A funding

Many global companies like Amazon, Alibaba and JD have built massive companies by leveraging strong logistics infrastructure. The biggest problem for many companies, especially…

Recruitment AI start-up Job Crystal is here to help SMEs

Job Crystal, a women-led, South African recruitment website offering online solutions since 2015, has announced the launch of a world-first, AI-powered tool. CRYSTAL uses machine…

Carry1st funding round brings a16z investment to Africa

Africa’s leading mobile games publisher Carry1st announced a $20 million Series A extension that drew participation from Andreesen Horowitz (a16z), Avenir and Google. Grammy…

POA closes $28M funding round to expand internet service

Infrastructure investment platform Africa50 led a $28 million funding round to support internet service provider Poa Internet’s expansion in Kenya. The equity investment will…

Periculum launches in Nigeria to build credit assessment infrastructure

Canadian fintech startup and credit assessment company, Periculum, has launched in Nigeria to tackle the challenge of domestic credit in underserved markets. The company…

Up to R1m up for grabs in the uYilo eMobility Programme Kick Start Fund

Established in 2013 as an initiative of the Technology Innovation Agency (Act 26 of 2008), the uYilo eMobility Programme is a multi-stakeholder programme that…

Applications now open for the Circular Economy Accelerator incubator

The Fetola Circular Economy Accelerator (CEA), an initiative that aims to provide South African entrepreneurs looking to scale their businesses in the circular economy…

Lipa Later gains $12m funding to expand credit footprint in Africa

Odyssey Capital’s flexible payment fintech start-up Lipa Later closed a $12 million pre-Series A funding round that will help it expand its service into…

Ivory Coast based e-commerce startup ANKA, formerly Afrikrea, raises US$6.2M in pre-Series A

Ivory Coast based e-commerce platform Afrikrea has rebranded to ANKA while successfully completing a US$6.2M pre-Series A round led by Investisseurs & Partenaires. The…

Early-stage VC Fifty Years leads $1.1m HealthLeap pre-seed

South African healthtech start-up HealthLeap closed a successful $1.1 million pre-seed funding round led by deep tech investor Fifty Years. The firm is renowned…

C-Lab startups win big at CES 2022

C-Lab Inside: Four Projects From Samsung Employees To Debut Since 2016, Samsung has been exhibiting its C-Lab Inside projects at Eureka Park, the main…

Bfree raises $1.7m to expand operations

Nigerian ethical credit management FinTech start-up Bfree closed a successful pre-Series A funding round that will power its further expansion into Asia, Europe and…

Fresha raises over $52 million in Series C round

Fresha, a leading platform for beauty and wellness, has announced over $52 million in additional investment extending the company’s recent $100 million Series C…

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Southern African start-ups shine on GITEX Africa stage

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