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Nigeria startup Releaf receives $4.2M funding and looks to scale services

We want to thank our investors - Samurai Incubate Africa, @anafricanfuture @Consonanceinv and everyone else + our benefactor @CFYEmployment and @USAID, and everyone that has supported our mission to make farmers and food factories in Africa more efficient and profitable.
— Releaf (@ReleafAfrica) September 15, 2021

Releaf a Nigerian agritech startup has secured $4.2 million in funding which comprises a $2.7 million seed funding round and an additional $1.5 million in grants. More

in Funding, Press Releases, Startups

Genomics research healthtech 54gene raises $25M in a Serie B funding

Washington D.C-Nigerian genomics research healthtech 54gene has raised $25 million in a Series B round led by Cathay AfricInvest Innovation Fund alongside participation from some existing investors such as Adjuvant Capital, KdT Ventures, and Ingressive Capital. More

in 101 INSIGHTS, Social Media, Trends

Key Finding Digital Reports 2021 On Uganda

TechInAfrica – As a country with a 47 million population, Uganda has seen significant growth in its internet uses. Comparison with previous data (January 2020), shows how the increase of Ugandan internet users is in sync with its growing use of social media and mobile connection in general. Here are some of the highlighted trends from […] More

in Business, Opportunities, Press Releases

Flutterwave partners with Currencycloud to accelerate EU and US expansion drive

Africa fintech unicorn and payment technology company Flutterwave has partnered with Currencycloud, a global payments platform built on smart technology that simplifies the movement of money in today’s multi-currency world. The new partnership looks to accelerate Flutterwave’s expansion into the European and US markets. More

in Funding, Press Releases, Startups

Karooooo acquires SA logitech company Picup for $4.8M

#Karooooo, the Nasdaq-listed mobility software company that owns South Africa’s @CartrackZA Holdings, has acquired digital logistics specialist @PicupSA Technologies in a R70 million deal.#Moneyweb #BusinessNews https://t.co/VphQjBS3ED
— Moneyweb News (@Moneyweb) September 14, 2021

Singapore headquartered Karooooo Ltd. – a leading global provider of a mobility SaaS platform maximizing automotive and workflow data by providing smart transportation real-time data analytics solutions to over 1.4 million connected vehicles – has announced the acquisition of 70.1% of Picup Technologies (Pty) Ltd. for over $4.8 million. More

in Funding, Press Releases, Startups

Ethiopia’s Viable Solutions raises $200K in pre-seed funding

Coming Soon! pic.twitter.com/QOam6FG1vq
— EPhone (@ephonedialer) August 31, 2021

Viable Solutions, the Ethiopian firm behind EPhone a super dialer software raised $200K pre-seed funding that has valued the company at $1.9 million. The round was led by Middle Eastern angel investor Ahmed Al Alola who is the CEO and Co-founder of Gebeya, a pan-African talent marketplace. More

in Funding, Press Releases, Startups

African FinTech platform Finclusion Group secured $20M funding from Lendable

@lendableinc is happy to announce its $20m funding in support of the @FinclusionG!

We look forward to seeing Finclusion reach even more customers across Africa with our funding to drive #financialwellness and #inclusion https://t.co/EagHuw0uuo
— Lendable (@lendableinc) September 14, 2021

African FinTech platform Finclusion Group has secured $20 million in a funding round led by Lendable, a leading fintech debt financing provider More

in Funding, Press Releases, Startups

SA healtech Aviro Health secures pre-series A funding

The companies we partner with believe in the ability of technology to change the global healthcare landscape.

We're proud to be a part of this journey. Learn more about the work we do and visit our site 👉🏽 https://t.co/VgJsaEB4WY pic.twitter.com/vEJ1W3ZqUs
— Aviro (@AviroHealth) September 15, 2021

SA healthtech Aviro Health has successfully closed a pre-series A funding round led by the Edge Growth managed ASISA ESD Fund, Tuksnovation, and TIA. The funds will go into improving and expanding Aviro Pocket Clinic – a digital counseling service empowering patients with accessible and engaging counseling and linkage to services via phones or other devices. More

in Career, Career, Leadership, Opportunities, Resources

Mastercard Foundation and University of Rwanda announce $55M partnership

We’re pleased to announce our new partnership w/@Uni_Rwanda, as part of the Scholars Program. The partnership will enable #higherEd access for 1,200 young Africans with a focus on women pursuing STEM, refugees & displaced youth,& people w/disabilities. https://t.co/O8ntzc94YK
— MastercardFoundation (@MastercardFdn) September 13, 2021

The Mastercard Foundation has teamed with the University of Rwanda in announcing a decades-long $55 million partnership to deliver higher education access for over 1200 Africans. A key focus will go towards women pursuing STEM, the disabled, refugees, and displaced youth. the Mastercard Foundation Scholars Program was launched in 2012 and is part of the Mastercard Foundation Scholars Program. More

in Funding, Opportunities, Press Releases, Startups

$100M innovation fund to fuel tech investments across Africa

The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed at investing in early tech innovations startups across Africa. More

in Ecommerce, Press Releases, Startups

Egypt B2B ecommerce platform Capiter raises $33M Serie A

Quona is excited to announce that we've co-led a $33M Series A for B2B E-commerce platform #Capiter, marking our 1st investment in Egypt! 🇪🇬

Capiter solves 3 key pain points for merchants:
⌛️ Inconvenience
🚫 No transparency
💰 Barriers to working capitalhttps://t.co/5Ecsoy6Sha
— Quona Capital (@QuonaCapital) September 13, 2021

Capiter, a Cairo-based B2B e-commerce startup has completed a $33 million Serie A in a round co-led by Quona Capital and MSA Capital which was accompanied by other investors such as Savola (a MENA food and retail sector strategic investor fund), Shorooq Partners (an Abhu Dhabi-based seed-stage venture capital fund), Foundation Ventures (an early-stage venture capital), Accion Venture Lab (microfinance and fintech impact investing player), and Derayah Ventures (a Riyadh-based VC fund). More

in Funding, Press-releases, Startups

Egypt fintech Kashat raises $1.75M funding in round led by Launch Africa

Kashat, an Egypt-based fintech has raised $1.75 million in a private bridge round led by Launch Africa alongside participation from regional investors among them Cairo Angels. More

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