Venture capital

Nigeria’s Kwik secures $2M in Series A funding round

French-Nigerian B2B startup Kwik, a provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has successfully closed its $2 million…

4DX leads $3M Eksab seed round

Egyptian fantasy football start-up Eksab raised $3 million is a seed round led by 4DX Ventures. The round also drew participation from Darwazah Capital,…

Nigerian agritech, ThriveAgric, raises $56.4M

Nigerian based ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors. The raise also…

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…

Susa Ventures leads $5M seed round to scale Powered By People

Susa Ventures led a $5 million seed round alongside Flexport Fund, Golden Ventures and JVentures that will enable global makers wholesale marketplace Powered by…

Lightrock continues developing market support with 4G Capital Series C

Lightrock led a $18.5 million Series C funding round for Kenya-based neobank fintech 4G Capital, continuing a busy 2022 investing in developing markets. Lightrock…

Luno launches early-stage investment arm

Cryptocurrency company, Luno, a wholly-owned subsidiary of Digital Currency Group (“DCG”), has launched Luno Expeditions, a global, early-stage investment arm to support fintech and crypto/web3…

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…

South African cryptocurrency exchange raises $50M in oversubscribed Series B

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values…

Four African startups join tenth Catalyst Fund Inclusive Fintech cohort

Global tech accelerator Catalyst Fund, managed by BFA Global, has announced its tenth cohort of fintech companies that are building solutions designed to improve…

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…

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…

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…

Morocco based logistics startup Freterium raises $4M

Morocco-based transport management software startup, Freterium, has raised $4M in its latest funding round which closed in December. The seed round was led by…

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…

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…

Egypt’s YFS raises $7M in Series A funding

Yalla Fel Sekka (YFS), the Egyptian on-demand logistics provider specialising in instant delivery and dark store management, has raised $7 million in a Series…

Docklands Ventures acquires SA parking startup, ParkUpp

South African parking startup, ParkUpp, has been acquired by real estate investment company Docklands Ventures, owned by ex-JLL Chairman for Sub-saharan Africa, Mark Bradford….

Kenyan healthtech startup, Afya Rekod, raises $2M in seed funding

Kenyan based healthtech startup, Afya Rekod, has raised $2 million (R30 608 600,00) in seed funding. The round was led by Mac Venture Capital, a…

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