Venture capital

Nigerian tech startup Kuda secures $25-million

Kuda, a digital bank that operates in Nigeria has secured $25-million in a Series A funding round led by Valar Ventures, a New York-based…

Mali edtech startup secures funding from Zoom

Bamako-based edtech startup Kabakoo Academies has secured an undisclosed amount of funding from cloud-based video conferencing service, Zoom. Kabakoo Academies has secured an undisclosed…

Local car tech startup FlexClub secures $5-million

South African tech startup FlexClub, a car subscription marketplace, has secured $5-million in a seed round of funding led by Kindred Ventures. FlexClub secures…

Egyptian fintech Dayra secures $3-million

Cairo-based fintech startup Dayra has joined Y Combinator’s (YC) Winter 21 group and secured the largest debt and equity Pre-Seed round in the region…

Stellenbosch tech startup Quench receives funding

Stellenbosch-based startup Quench has secured an undisclosed amount of funding from local venture capital firm, Imvelo Ventures, founded by Capitec Bank and Empowerment Capital…

African fintech startup secures $170-million

African fintech startup Flutterwave has secured $170-million in funding in a Series C round led by Avenir Growth Capital and Tiger Global Management LLC…

SA fintech group secures $15-million in funding

Joburg-based fintech group Adumo has received $15-million in funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth…

Egyptian edtech OTO Courses nets investment

Egyptian edtech OTO Courses, which offers online English language courses to individuals and businesses, has raised a six-figure dollar investment. Tech publication Menabytes reported…

Another report, another number, for VC investments in African startups [Opinion]

Those in Africa’ tech startup scene can be forgiven for being confused when asked how much venture capital (VC) goes to the continent’s startups….

Ingressive Capital grows African tech fund to $10m

Lagos based venture capital (VC) fund Ingressive Capital has announced that it has doubled its investment fund to $10-million, to back high-growth, tech-enabled startups…

Wallets Africa raises fresh capital from Samurai Incubate, Mozilla, Michael Seibel

Nigerian fintech startup, Wallets Africa, has raised an undisclosed round of investment. Founded in 2018, Wallets Africa makes it easy for users to transact across…

Former Springbok Bryan Habana’s Paymenow nets R4m seed funding round

Stellenbosch based fintech startup Paymenow today announced that it had landed a R4-million investment from ViaMedia, which is part of the Digital Ecosystems Group…

Egypt’s MoneyFellows lands $4m Series-A deal

Egyptian fintech platform MoneyFellows has secured $4-million in a Series-A investment from venture capital (VC) firms Partech and Sawari Ventures, as it works towards…

VC4A calls on scale-ups to pitch for up to $10m at 2020 Venture Showcase Series A

African startup funding platform VC4A is calling for African scale-ups looking to raise between $500 000 and $10-million to sign up to its Venture…

TIA signs agreement to co-invest with black-owned VC WZ Capital

The Department of Science and Technology’s Technology Innovation Agency (TIA) has agreed to work with and offer matching funds with WZ Capital, a black-owned…

Egyptian edtech Zedny launches arabic learning platform after netting $1.2m

Egyptian edtech Zedny has launched its arabic learning and development platform after netting a pre-seed investment of $1.2-million. Dubai-based tech platform Magnitt reported in…

SA fintech Planet42 founded by Estonian duo raises $2.4m [Updated]

Planet42, a South Africa based fintech founded by two Estonian entrepreneurs has raised €2.2-million ($2.4-million) from a number of Estonian investors. Planet42 partners with…

Africa-focused fintech Chipper Cash nets $13.8m Series-A round

San Francisco based fintech startup Chipper Cash, which services several African markets, has closed a $13.8 million Series-A investment round. US tech publication TechCrunch reported…

This SA entrepreneur wants to help companies to lend staff to other firms [Q&A]

SA’s Teambix is offering companies a seemingly novel way of making extra revenue during the difficult time of the Covid-19 pandemic. Rather than lay…

Futuregrowth invests in SA personal finance startup LifeCheq

Futuregrowth Asset Management has invested in LifeCheq, a startup that offers digitised holistic personal finance. LifeCheq, which was founded in 2015 by Abubakari Malik…

Egyptian on-demand medicine delivery platform Chefaa nets pre-Series A investment

Egyptian on-demand medicine delivery platform Chefaa has raised a pre-Series A investment round from US venture capital fund and accelerator 500 Startups, Saudi Arabian…

SA entrepreneur looks to angels to fund online PPE marketplace Insupply

Yossi Hasson, the managing director of Techstars, and ParcelNinja founder Justin Drennan are in talks to invest in Insupply, an online marketplace that connects…

Crossfin invests in SA fintech truID

African fintech investor Crossfin has invested an undisclosed amount in SA fintech truID through its ventures investment arm, Crossfin Ventures. TruID’s API provides financial…

Acer’s New Nitro AI Gaming Gear Is Here—But Is It Worth It for South Africans?

R19,000 for Bass? Sony Tests South Africa’s Audio Appetite

Tech Stocks Tank – Can SA Survive a Global Meltdown?

SA Business Confidence: Fintech Lula Sounds Alarm on SME Reality

Why MVNOs are gaining ground — and how Huge NXTGN is accelerating the shift

Acer Unleashes Beastly New Predator BiFrost and Nitro GPUs with AMD Radeon RX 9000 Series

Philips Evnia Drops Jaw-Dropping QD OLED Monitors: 240Hz, Ambiglow, and All the Good Stuff

Microsoft launches new Surface devices in new AI era

Gravity is a true driver’s EV SUV

L2 charging and the power of dwell time

Tires and tariffs