Venture capital

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…

MENA focused VC fund Iliad Partners team up with Mexico’s Angel Ventures

Latin American venture capital (VC) firm Angel Ventures and Middle East and North Africa (MENA) focused VC Iliad Partners have launched a new global…

AlphaCode awards SA proptech startup Jamii Cities R450k grant

Johannesburg-based proptech startup Jamii Cities has been awarded a R450 000 grant by Rand Merchant Investment Holdings’ (RMI) fintech incubator AlphaCode. Jamii Cities connects tenants…

Three lessons I learned from my first investment cheque [Opinion]

When I was 21 I managed to raise about $20 000 in seed funding for a social network that I was building with two…

SA’s Vantage Capital provides Morocco’s Equity Invest with €8m mezzanine facility

SA mezzanine fund manager Vantage Capital has provided Equity Invest, a Moroccan holding company with six tech firms in its portfolio, with an €8-million…

The Sun Exchange extends Uprise.Africa crowdfunding campaign to 30 November

SA blockchain-based solar panel micro-leasing marketplace The Sun Exchange has announced an extension of its equity crowdfunding campaign with Uprise.Africa to 30 November. The…

Fintech lender Investmint links small firms looking for funding, with investor

Chris Bruchhausen and Gareth Price are behind one of SA’s latest fintech lenders, Investmint — which links investors with small businesses looking for finance….

Kenyan on-demand delivery platform Sendy raises $2m

Nairobi-based on-demand delivery platform Sendy has raised $2-million in funding from Dutch impact investor Goodwell Investments. Goodwell Investments announced the deal in a post…

Kenyan startup Twiga Foods closes $30m Series-B round

Nairobi-based mobile-based B2B distribution platform Twiga Foods announced today that it has secured almost $30-million in a new round led by Goldman Sachs. It follows the $5-million…

SA startup DentX raises R1m for vehicle repair pricing platform

SA startup DentX has raised R1-million from angel investors Frederik Gerner and Bas Hochstenbach — founders of the entrepreneurial investor team E4EAfrica. DentX helps…

‘SA SME Fund set to be among country’s biggest institutional investors by year end’

South Africa’s R1.4-billion SA SME Fund has thus far approved R1-billion for investment in a number of funds that will lend to small businesses…

Kenya’s BitPesa announces it’s rebranded, secured $15m in debt finance

Nairobi-based fintech BitPesa announced today that it had rebranded to become AZA Group and had secured $15-million in debt financing from South Africa’s the…

Abu Dhabi’s Mubadala to invest $250m in MENA startups

Mubadala, the Abu Dhabi government’s investment company has announced that it will invest a total of $250-million in startups from the Middle East and…

PEG Africa secures $4m in debt capital to expand operations in Senegal

Accra-based pay-as-you-go solar company PEG Africa has secured $4-million in debt capital from a $15-million multi-currency facility led by UK development finance institution CDC Group. The…

Silvertree Holdings no longer just a tech investor after rebrand, new investment

The internet is not the only place to find good businesses to invest in, even for a tech investor, as Silvertree Holdings hopes to…

US duo launch R100m VC fund to invest in women-led startups in Southern Africa

A US business duo has launched Enygma Ventures, a R100-million venture capital (VC) fund which will invest up R10-million in women led startups from…

Egypt’s Sawari Ventures leads $4.5m Series-A round in Almentor.net

Dubai-based elearning platform Almentor.net, which has among its founders an Egyptian, has raised $4.5-million in a Series-A round led by Egyptian venture capital firm…

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