Startup news

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…

Flutterwave raises $250M, now valued at over $3B

Flutterwave, the African fintech founded in 2016 that helps businesses make and accept payments anywhere from across Africa and around the world announced, has…

Egyptian ecommerce platform, Wasla, raises $9M in funding

Wasla, the Egyptian e-commerce mobile web browser and desktop extension, has raised $9 million in funding from Contact Financial Holding. With the tie-up, Contact…

Egypt proptech startup, Nawy, raises $5M in seed funding

Egyptian proptech startup, Nawy, has concluded its seed funding round securing $5 million in investment led by the Sawiris family office. Nawy is an…

Stitch raises $21M in Spruce House led Series A

South African fintech API Stitch closed a $21 million Series A funding round that drew participation from The Spruce House Partnership, PayPal Ventures and…

Egyptian investment startup, Thndr, secures $20M in Series A

Thndr, the Egyptian digital investment platform, has secured $20 million in a Series A investment round co-led by Tiger Global, BECO Capital and Prosus…

Nigerian healthtech startup, Reliance Health, raises $40M in Series B

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M (R622 426 000,00) Series B funding round led by General Atlantic, a…

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…

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…

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…

InfraCo expands e-mobility interests with Zembo investment

Private Infrastructure Development Group (PIDG) company InfraCo Africa, together with a consortium including Dutch private equity firm DOB Equity and Toyota Tsusho’s VC facility Mobility 54, has signed…

Luno and Invenfin back Root insurance API in $3m seed round

Cape Town-based low-code insurance platform start-up Root closed a $3 million seed funding round to help expand its infrastructure build to support the digital…

BriteGaze joins Enza Capital in $1m Craydel pre-seed

Enza Capital led an early-stage investment round for Kenyan edtech start-up Craydel. The pre-seed round also attracted Reshaad Sha’s AI investment fund BriteGaze, along…

Applications for ReadyForWork Accelerator open

Stars From All Nations (SFAN), an education company that unlocks the potential of the youth has announced that applications for its ReadyforWork career accelerator. Applications…

African mobility fintech partners with e-logistics company

Sub-saharan mobility fintech Moove has partnered with Lori Systems, a leading e-logistics company in Africa as the fintech aims to move into the logistics industry. Moove partners…

Applications open for new SaaS-focused accelerator in Africa

A new accelerator programme targeted at digital B2B SaaS startups in East and West Africa has launched applications. The programme has been founded by…

4IRI and Cisco expand EDGE incubation hub network to Cape Town

Small business enabling platform Fourth Industrial Revolution Incubator (4IRI) together with the Small Enterprise Development Agency (Seda) and Cisco launched South Africa’s third EDGE…

EXCLUSIVE: New telehealth solution delivers essential services to rural areas

Remote Doctors 4 Africa (RD4A) is a new application bringing hospital-grade diagnostic equipment to the citizens in remote corners of South Africa, Botswana, Ethiopia…

Nominations for SA’s Five Most Exciting Startups award competition are open

Since 2017 entrepreneur education platform Heavy Chef has been hosting a credible annual “Top 5 Most Exciting Startups” list that has previously included some…

SA Fintech start-up launches physical card

Johannesburg-based fintech start-up has launched its newly branded SOLMate prepaid debit cards to round out its service offering that includes an electronic wallet app…

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