funding

5 golden rules to enable funding for SMEs

Small and medium businesses are the lifeblood of South Africa’s economy. One of the main challenges entrepreneurs face is access to capital to inject…

E Squared funds agribusiness with a strong focus on food security

In December 2022, impact investor E Squared Investments participated in a follow-on funding round with Nambu Group, an insect protein company founded by Allan…

Carry1st raises $27m in funding round led by BITKRAFT Ventures

In a move that solidifies its position as the premier publisher of mobile games in Africa, Carry1st announced today that it has raised $27…

How to make your business investable

There are two sides to the business investment equation. Financial institutions and venture capitalists need to offer suitable investment packages and correctly identify suitable…

Synatic Secures $2.5 Million in Seed Extension Funding

Local data automation and integration startup, Synatic, has secured an additional $2.5 million (+- R42 million) in a seed extension funding round led by…

Access to capital now critical for growth in ICT sector

South Africa’s ICT sector has experienced huge growth in 2022, according to the latest ICT Market Overview Sizing and Forecast 2022 report. However, structural…

YuLife raises $120M in Series C funding round

YuLife, the tech-driven insurance company on a mission to inspire people to live their best lives, today announced that it has raised $120M (~£95M) in a Series C led by Dai-ichi Life…

Digital Africa Ventures combines entrepreneurial passion with targeted funding to support SA’s underserved tech start-ups

For as long as they can recall, Thandeka Xaba and Nonkululeko Komanyane have been entrepreneurs at heart. This entrepreneurial spirit is evident in both…

Applications open for 2022 Africa’s Business Heroes prize competition

The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications…

Google.org announces $1M grant to funding support women entrepreneurs

Google has announced that its philanthropic arm, Google.org, is committing R15.3 million in charitable funding to support programs helping women entrepreneurs to grow their…

Learn the new rules of business funding

The small business rollercoaster has been particularly rough over the past two years and the few that managed to stay afloat will agree that…

Egyptian ecommerce platform, Wasla, raises $9M in funding

Wasla, the Egyptian e-commerce mobile web browser and desktop extension, has raised $9 million in funding from Contact Financial Holding. With the tie-up, Contact…

Nigerian healthtech startup, Reliance Health, raises $40M in Series B

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M (R622 426 000,00) Series B funding round led by General Atlantic, a…

Kenyan fintech Ubawa secures $350K seed funding

Ubawa Technologies, 2021 African Start-up Awards Start-up of the Year winners for Kenya, has secured $350 000 in seed funding from Nigerian VC Platform…

AFEX opens second round of funding series to strengthen Nigeria’s agriculture sector

AFEX has announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilise Nigeria’s agriculture sector by offering Agro-processors low-cost financing to…

Kenyan fintech secures $1M in seed funding, eyes expansion

Zanifu, the Kenyan fintech that enables access to working capital for Micro, Small & Medium Enterprises (MSMEs) by providing short-term stock financing, has secured…

Up to R1m up for grabs in the uYilo eMobility Programme Kick Start Fund

Established in 2013 as an initiative of the Technology Innovation Agency (Act 26 of 2008), the uYilo eMobility Programme is a multi-stakeholder programme that…

Ivory Coast based e-commerce startup ANKA, formerly Afrikrea, raises US$6.2M in pre-Series A

Ivory Coast based e-commerce platform Afrikrea has rebranded to ANKA while successfully completing a US$6.2M pre-Series A round led by Investisseurs & Partenaires. The…

Bfree raises $1.7m to expand operations

Nigerian ethical credit management FinTech start-up Bfree closed a successful pre-Series A funding round that will power its further expansion into Asia, Europe and…

Fresha raises over $52 million in Series C round

Fresha, a leading platform for beauty and wellness, has announced over $52 million in additional investment extending the company’s recent $100 million Series C…

African entrepreneurs can now apply for $5000 seed capital

African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training…

Cape Town tech startup secures R7-million in funding

Cape Town-based online advertising tech startup Adbot has secured R7-million ($500 000) in capital raise from Enygma Ventures, an investment funding dedicated to supporting…

Egypt tech startup Breadfast secures $26-million in series A round

Cairo-based tech startup, Breadfast, a grocery delivery platform, has secured $26-million in a Series A round of funding co-led by Vostok New Ventures and…

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Clickatell launches WhatsApp payments on FlySafair

Africa’s top start-ups off to Copenhagen for GSA finale

Oikocredit invests $5m in Yellow to grow solar energy market

Here’s why OpenAI will charge for priority access to Chat GPT

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