Venture capital

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…

Kenyan fintech Asilimia to use over $350k investment to expand customer base

Nairobi-based fintech startup Asilimia has raised $350 000 in funding from pan-African investment firm the Unicorn Group. Asilimia, which was founded in 2017 by…

Xecced Ventures to invest in African startups through $100m Industry 4.0 fund

Is your startup building solutions for the Fourth Industrial Revolution and looking for funding? London-based venture capital (VC) firm Xecced Ventures is looking to…

Naspers Foundry calls on VC firms to help co-invest in SA tech startups

Naspers has called on venture capital (VC) firms to approach the tech company to co-invest with its over R1.4-billion startup funding initiative Naspers Foundry….

Smaller Section 12J funds will struggle to raise investor capital with new changes [Opinion]

National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment…

Microtraction invests in Nigerian online marketing platform Termii

Lagos-based early-stage investor Microtraction has revealed that it has invested in Nigerian online marketing platform Termii. Microtraction, which announced the deal yesterday in a…

EIB to raise €1bn to invest in digital solutions, financial products for girls, women

The European Investment Bank’s (EIB) new SheInvest initiative aims to raise €1-billion to invest in innovative digital solutions and financial products in Africa for…

RMI’s AlphaCode takes 25.1% stake in healthtech Guidepost

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode, announced today that it had taken a 25.1% stake in SA healthtech platform Guidepost….

Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake

US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making…

Egyptian medicine delivery startup Yodawy scoops $1m in Series-A funding

Cairo-based medicine delivery and digital claims startup Yodawy has, in its first external funding deal, raised $1-million in a Series-A round led by Egyptian…

Lori Systems, a logistics startup headed by SA man, nets ‘undisclosed’ Series-A round

Lori Systems — a Nairobi-based logistics startup started by a South African, Kenyan and Togolese — has secured a Series-A round led by Asian…

SA drone startup that netted R1.1m via Indiegogo reveals its sold 12 000 release systems

SA startup Gannet — which last week announced that it had raised $77 350 (over R1.1-million) in an Indiegogo campaign — has revealed that…

Egyptian traveltech startup Tripdizer to invest $300k seed round in tech, building brand

Cairo-based traveltech startup Tripdizer plans to invest the $300 000 seed round it announced that it had raised last week, on developing its platform…

SMEs, investors to lose out with new threshold and changes to Section 12J [Opinion]

In the past financial year South Africa’s Section 12J investment class didn’t only attract the attention of SA taxpayers — who were looking to…

New York VC Modus Capital launches $75m MENA fund

New York based venture capital firm Modus Capital has launched a $75-million Middle East and North Africa (MENA) focused fund. The firm said in…

Fintech ProfitShare Partners secures R25m capital line from Vumela Fund

Johannesburg-based fintech ProfitShare Partners has secured a R25-million capital line from the Edge Growth Ventures-managed Vumela Fund. ProfitShare Partners, which was founded in 2017…

SA’s Hlayisani Growth Fund mulling 12 deals after having invested R200m so far

Hlayisani Growth Fund, a SA fund that aims to make later-stage investments in African small and medium-sized enterprises (SMEs), is mulling 12 potential new…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

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

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West

eActros 300 and Zimi Charge creates EV win for Bakers