Venture capital

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…

Five South African fintech dealmakers your startup should meet

Fintech is one of the fastest growing startup sectors in the world. A number of SA startups have secured multi-million rand investments of late,…

Ventures Platform backs healthtech startup MDaaS with $100k investment

Nigerian venture capital (VC) firm Ventures Platform has invested $100 000 into Lagos-based healthtech startup MDaaS Global. Ventures Platform founder and CEO Kola Aina announced the…

Goodwell launches new Africa-focused €20m fund aimed at inclusive economy

Dutch impact investor Goodwell Investments has announced that it has launched Goodwell IV, a €20-million fund for investments in the inclusive economy in Sub-Saharan Africa. In a statement…

Kenyan logistics startup Bwala Africa Group secures over $200k in funding

Nairobi-based last-mile logistics startup Bwala Africa Group has secured a loan of 24-million Kenyan Shillings ($238 000) from Kenyan bank CFC Stanbic. The startup, which launched…

Nigerian ISP startup Tizeti closes $3m Series A round led by 4DX Ventures

Lagos-based ISP startup Tizeti, and its Wifi.com.ng service, has closed a $3-million Series-A round led by 4DX Ventures. Tizeti builds and operates solar-powered towers while also…

‘Three decades of microfinance key to social investing – Finca Ventures head

Finca International’s 30-year experience in microfinance has given newly launched impact investor Finca Ventures a good grasp on what it takes to scale social…

Leapfrog Ventures’ Takuma Terakubo wants to fund 200 startups by 2020

Leapfrog Ventures founder and CEO Takuma Terakubo says he aims to invest in 200 African startups by 2020. This follows a report by Japanese…

CoGrammar to make 200 hires in Cape after new funding, reveals SA founder

Riaz Moola, the founder of UK and SA-based edtech startup CoGrammar, says his startup will hire 200 employees in Cape Town by the end…

Nigerian payments startup Paystack raises $8m in Series A round led by Stripe

Nigerian payments startup Paystack has raised $8-million in a Series A funding round led by US payments company Stripe. US tech publication Tech Crunch…

Investors use loophole in VC tax incentive to invest in own companies – Sars

Investors are using a loophole in a SA venture capital (VC) tax incentive to invest in companies connected to them and benefit from a…

Kenyan fintech Lendable secures $450k grant from Dutch development bank FMO

Nairobi-based fintech Lendable has secured a $450 000 convertible grant from Dutch development bank FMO. In a statement today (23 August) FMO said the…

State must close door on those that misuse VC tax incentive [Opinion]

This week saw an outcry from South Africa’s venture capital (VC) and private equity sector over amendments the National Treasury plans to make to the…

Fund head puts lack of women angel investors down to information asymmetry

A shortage of information around tech startups has made women sceptical of investing in early-stage businesses. So, says IDF Capital CEO Polo Leteka. Leteka —…

BREAKING: Former PPC Cement head announced as new SA SME Fund CEO [Updated]

Former PPC Cement head Ketso Gordhan was today announced as the new CEO of the SA SME Fund. The announcement that Gordhan will take the helm…

It’s confirmed – SA’s first female focused angel fund to launch this year

In what may be a first for South Africa, the country is set to get its first angel fund focused entirely on women-owned businesses. Alexandra Fraser, one of…

Fintech platform Mines raises $13m in Series-A round led by The Rise Fund

US-based fintech Mines — which was founded by a Nigerian team — has raised $13-million in a Series-A round led by US impact investor The Rise…

Celebrating Innovation: Redmi Note 14 Post-Launch Event in South Africa

How iGaming is becoming more accessible in South Africa

HP Ditches the 15-Minute Wait: Is This the End of Customer Service Hell?

Gozem Secures $30M Series B to Fuel Super App Expansion Across Francophone Africa

Koop’s AI Housekeeper: Could This Be the Solution to SA’s Startup Compliance Headache?

Flow48 Secures $69M Series A to Fuel SME Lending Expansion in South Africa and Saudi Arabia

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

Lucid CEO becomes strategic advisor

Golf 8.5 update with lots of Life

Tariffs trump US new car affordability needs