Startup news

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…

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…

Global Trends In Startup Sub-Sectors

The COVID-19 pandemic has impacted the world in various ways and created shifts in some technology startup sub-sectors. It revived several that were previously…

Floatpays wants to banish Januworry

Floatpays is a technology platform that enables on-demand access to pay, seamless savings and financial education to help build employee financial wellness for a…

Superside raises $30m to hire more South African talent

Fully remote startup, Superside, has announced a US$30 million (R485 800 500,00) Series A funding round co-led by Prosus Ventures and Lugard Road Capital,…

South African proptech startup expands to Australia

Founded by Gil Sperling and Daniel Levy, Flow is a South African proptech startup that automates rental and seller listings on Facebook, Instagram, and…

Broadband Africa Forum 2024

South Africa’s Deskless Workers: A Workforce Under Strain

How AI is Rewriting Urban Planning in Developing Regions

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

German luxury cars require a rethink for China

Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain