Ghana-based Farmerline Group has announced the second close of a Pre-Series A investment raise with an additional US$ 1.5 million investment from social impact investor Oikocredit. The investment is part of a total funding round worth US$ 14.4 million raised by Farmerline from investors including FMO and ARAF. Farmerline supports…
Author: AdeO
UAE-based fintech Tabby has partnered with Egypt’s digital payment solution fintech Paymob to create a seamless buy now pay later (BNPL) solution for both in-store and online retailers. Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants, where they can grow their average order value, conversion rate…
Egypt’s B2B marketplace Mazaya has raised $5 million in a pre-Seed funding round led by Raya Trade & Distribution. Mazaya will deploy the new investment to scale its operations in Egypt and expand into new markets, and potentially into other verticals. Founded in 2021 by Amir Aboul Fotouh, Mazaya allows…
Egypt’s gaming platform InGame Sports has secured over $1 million in a pre-seed funding round led by Openner, a global VC with a unique combination of capital and tech and invests in early-stage tech startups with participation from Sports Radar and other Egyptian and foreign angel investors. The new funding…
Kowry Energy, a sustainability-driven energy service provider focused on power provision across Sub-Saharan Africa has commissioned four decentralised solar energy systems in Nigeria, Senegal and Mali within 16 months of the company’s incorporation. Kowry Energy provides efficient and affordable hybrid energy systems that strengthen and empower communities and businesses. The…
Pan-African support initiative for African health supply chain start-ups, Investing in Innovation (i3), has announced its first cohort of 30 companies. Funded by the Bill & Melinda Gates Foundation and sponsored by Merck Sharp & Dohme (MSD), the World Health Organization Regional Office for Africa, AUDA-NEPAD, and AmerisourceBergen, i3 unites…
Mercedes-Benz and Qualcomm Technologies are deploying Snapdragon Digital Chassis solutions to bring the latest and most digitally advanced capabilities to upcoming Mercedes-Benz vehicles. Both companies have a long-standing technology relationship cut across various technology generations. Mercedes-Benz will now integrate Snapdragon Cockpit Platforms to power digital cockpits, as well as Snapdragon…
ThriveAgric has unveiled the ThriveAgric Marketplace under its new strategy of ‘Farmer Obsession’ through which the company seeks to help boost the productivity of one million smallholder farmers. The company will champion the total wellbeing for smallholder farmers, with the end goal of promoting commercial over subsistence farming, and in…
The African Development Bank Group has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing access…
Flutterwave has announced Google Pay, a mobile payment service, developed by Google, as a payment method on Flutterwave. As part of this collaboration, Google Pay will serve as an additional payment option for merchants on Flutterwave for business. This collaboration will offer safe and seamless payments, as well as convenient…
Cross-border payment app, Chipper Cash used by over five million people throughout Africa and its diaspora has partnered with Highnote, the world’s most modern card issuance platform, to soon launch a new card capability. This new service will empower US-based Chipper Cash customers to access their Chipper Cash digital wallets…
Blockchain ecosystem and cryptocurrency infrastructure provider, Binance, has launched a crypto education tour across 5 countries in French-speaking Africa as part of its mission to drive blockchain adoption and enable greater financial accessibility in the region. In July, Binance announced a partnership with Jokkolabs, one of Africa’s first social impact hubs…
The Economic Commission for Africa (ECA) and Standard Bank Group have announced the African Women Impact Fund (AWIF) Initiative’s achievement of its first commitment of USD$60 million. The move was backed by the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension…
Egypt’s fintech and investment banking marketplace, Exits.me has raised $1 million in a Pre-Seed round. The round is funded through UK-Based Exits.me, a group of notable Egyptian angel investors, Baseeta Investments Holding & Mawelni Holding for Financial Investments, and the founders. Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban…
Remedial Health has closed a $4.4 million equity seed round to boost its mission to expand its operations across Africa. This time around the healthtech startup is looking to penetrate markets in East and West Africa. It also wants to accelerate its expansion across Nigeria and to provide access to…
Ecobank Group has partnered with AMA Academy to develop customised fintech training modules for business, finance, and tech journalists across Africa. The modules will be available in two languages: English and French. The module which has five curriculums will be offered online by industry experts and will culminate in recognition…
Insurtech Turaco has secured $10 million in a Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures. The round also included participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures Limited, and Push Ventures. Founded in 2019, Turaco…
Egypt’s Venture Capital, Cairo Angels Syndicate Fund (CASF) has announced Nigerian Biola Alabi as a Venture Partner. Biola will join the team effective immediately and take the lead on origination, investments, portfolio management and investor relations. An active angel investor and advisor to African technology and media companies, Biola has…
Orange’s mobile money service, Orange Money has teamed up with Cellulant to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service in Botswana enables customers to transfer money online from any bank account to an Orange Money wallet. The Orange Money Card-To-Wallet service is available to…
Nigeria-based cryptocurrency company, Yellow Card announced it has exceeded one million customers in only three years. The pioneering pan-African company reached 1 million customers in March and shows no signs of slowing down. Launched in Nigeria in 2019, Yellow Card has committed its efforts to ensuring financial inclusion and freedom…