Venture capital

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…

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…

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…

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