Vesti has announced that it has raised five hundred thousand dollars $500,000 as part of a pre-seed funding round to improve its product platform, increase its users base and solidify its market penetration into the African market. The funds came from Oxygen Group, Microtraction, Prunedge Technologies, Terramax Ventures, GB Digitals,…
Author: AdeO
Bankrolling a startup can be a serious stumbling block for many entrepreneurs running a startup. A brilliant way to raise enough funds for your venture, that many entrepreneurs are tapping into, is crowdfunding. It’s a great way to source finance for your product or service by relying on the public to put their…
Floatpays, a South African on-demand pay provider, has secured a $4 million seed funding round. The investors in the round include Global Founders Capital, Base Capital, Finca Ventures, Raba Partnership and 4DX Ventures, as well as angels Alan Rutledge, Shaun Hurwitz, Youcef Oudjidane and Olugbenga Agboola, the co-founder and CEO…
Wamly, the one-way video interview software startup, has secured a 2nd round investment from South African venture capital firm, Knife Capital. The deal sees Davey Gant, Knife Capital partner based in UK, joining the Wamly Board of Directors. Wamly is one-way video interview software that connects great companies to talented people and…
African Guarantee Fund (AGF), a non-bank financial institution, has received a $2.5 million co-investment grant from the USAID-funded West Africa Trade & Investment Hub to support high-potential SMEs in West Africa. African Guarantee Fund will leverage this grant, as well as $20 million of private equity, to support its two-part COVID-19 Guarantee…
PayedIn Technology, a fintech company empowering the offline to online transitioning for organisations, businesses, and entrepreneurs, has launched a simple to use electronic payment solution in Nigeria. In support of digitalisation of the economy, all organisations, businesses, and entrepreneurs should have access to a secure and easy-to-use electronic payment solution. The current crop of payment solutions…
MNT-Halan, the Egyptian fintech firm, has announced the addition of its Buy-Now-Pay-Later (BNPL) feature to its comprehensive digital ecosystem that includes small and micro-business lending, payments, consumer finance, bill payments, e-commerce, and delivery. As Egypt’s first provider of the full BNPL experience through the MNT-Halan consumer and merchant apps, users…
The retail sector in Nigeria is still informal and predominantly offline. Unlike B2C eCommerce startups that allow consumers to order items from their favourite marketplace and have it delivered at their doorstep, mum and pop stores do not have this opportunity up until now. With digitization inching into every industry…
Orderin, a South African Delivery-as-a-Service (DaaS) startup, has raised $4.7 million in a recently closed pre-series B funding round. The funding will allow the startup to build its infrastructure and enhance last-mile delivery, which continues to be a pain point for many businesses, particularly small and medium-sized enterprises (SMMEs). The…
Talabat, the Egyptian food delivery and q-commerce platform, has announced their achievement of a Level 1 Certification in the Payment Card Industry Data Security Standard (PCI-DSS), a set of security standards formed in 2004 that aim to safely secure online credit and debit card transactions against data theft and fraud.…
With Apple’s AirPods, you can listen to your favorite music, audiobooks, and podcasts just like any other pair of truly wireless earbuds. But if you know the right tips, you can do a lot more, like talk to Siri, control music playback, and enhance the audio. You can also check and preserve the…
Sote, a Kenyan logistics startup, has raised a $4 million seed extension round, to merge its end-to-end logistics freight forwarding service to a full-service Working Capital loan solution for Africa’s end-to-end supply chain. It secured $3 million in 2020 to support its Nairobi and San Francisco operations. This brings the…
MPOWER Financing, a fintech firm and provider of education loans, has partnered with Flutterwave, an Africa-focused global payments technology company, in order to make the student loan application and payment process seamless for international students from Africa. MPOWER works with more than 350 top universities across the U.S. and Canada to…
Netflix, the global video streaming service, has announced a commitment of US$1 million towards its newly-established Netflix Creative Equity Scholarship Fund (CESF) for film and TV students in Sub-Saharan Africa. The scholarship fund forms part of Netflix’s global Netflix Creative Equity Fund launched in 2021 to be allocated to various initiatives over…
Fawry, the Egyptian payment firm, has announced its plans to raise EGP 800 million ($50.8 million) of growth capital through a rights issue to existing shareholders. The proceeds will be used to fund a new chapter of expansions in financial services for both consumers and merchants. In addition to growing…
Dojah has become the latest Nigerian startup to get into Silicon Valley accelerator—YCombinator. Led by Tobi Ololade and Ayomide Oso, the Lagos-based startup is looking to provide a unified KYC and digital onboarding solution for organizations looking to scale across Africa. Scaling across Africa remains a daunting task for startups…
Bboxx has secured a $5.5 million medium-term senior secured loan from Africa Go Green Fund for Renewable Energy and Efficiency to support the rollout of renewable energy and clean cooking systems across Africa. Bboxx is a global pioneer of Pay-As-You-Go (PAYG) solar home systems and more recently LPG clean cooking…
GoDaddy has partnered with Fawry, the local leading online payment company, to facilitate the process of going online for startups and entrepreneurs in Egypt. In partnership with Fawry, GoDaddy will provide startups and entrepreneurs with unique services and tools, including GoDaddy E-store, to successfully build their digital presence, aiming at…
Carry1st, an African mobile gaming publisher, has announced a $20 million Series A extension round led by Andreessen Horowitz (a16z), its first investment into an African-headquartered company. Joining the Series A extension round are Avenir and Google as well as other prominent angel investors including Grammy winner and crypto investor…
Kylie Jenner has become the first woman to reach 300 million followers on Instagram. With this, she becomes the most-followed woman on the photo and video-sharing platform, overtaking pop star Ariana Grande who previously held the record. In terms of her follower count, Kylie Jenner, 24, is second only to…