Venture capital

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…

Credit focused fintech company secures R10-million investment

Johannesburg-based commercial credit risk technology provider Inoxico has secured R10-million in equity investment from the Vumela Fund. Inoxico has secured R10-million in equity investment…

SA entertainment startup secures $225 000 investment

Cape Town-based entertainment startup Hitchat has secured $225 000 in a Series A funding round from undisclosed international investor partners. HitChat secures investment The…

SA edtech receives R9.2-million towards new campus

WeThinkCode, a South African edtech startup, has secured a R9.2-million investment from E Squared Investments towards the implementation of a new campus in KwaZulu-Natal. SEO…

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…

Sun Exchange secures $3m investment, closes $4m round

SA blockchain-based solar panel micro-leasing marketplace Sun Exchange has raised a $3-million (R50-million) investment from ARPF, a Mauritian private equity fund which is advised by…

Egyptian mental health platform Shezlong nets investment

Egyptian startup Shezlong has raised a new round of investment, from Asia Africa Investment Consulting (AAIC), angel investor Mohamed El Khamissy and Cairo-based angel…

22-year-old founders behind SA startup Merge App net $100k

Johannesburg based startup Merge has raised $100 000 in investment from Nigerian investor Platform Capital. Merge, which was founded in 2017 by school friends…

Impact Angel Network makes follow-on investment in Ethiopian food delivery startup

Members of US impact investment firm Renew Strategies‘s Impact Angel Network (IAN) have made a third investment in Roadrunner Technology Solutions, a partner of…

Aptive Capital calls on startups to apply to pitch online for $10k investment

US investor Aptive Capital is looking to invest $10 000 each in five startups that come out tops in a virtual pitching contest. The…

SA cashless payments platform Sticitt lands R3m from new VC

Cape Town based cashless payments platform Sticitt has landed a R3-million investment from a new SA venture capital (VC) company, Crucis VC. Sticitt was…

Nigerian startup Jamborow raises $400k for blockchain-based fintech platform

Nigerian startup Jamborow has reportedly raised $400 000 from its shareholders to expand its blockchain-based B2B fintech platform. Tech publication Techmoran reported in an…

LionPride Agility Fund invests in SA healthtech BusyMed

SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. Neither the investor nor the startup disclosed the…

How one VC has got around the challenge of doing due diligence during Covid-19 [Q&A]

Venture capital is, like any venture capitalist can tell you, an art more than a science. When you’re putting so much money into a…

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