Mercedes-Benz has teamed up with Apple Music and Universal Music Group (UMG) to revolutionise in-car sound experience. The partnership also aims to transform not only how music is created, but also how it’s played back and enjoyed in the car – and beyond. Driven by the understanding that many musicians and recording artists…
Author: Oluwasegun Olukotun
Nigeria’s eCommerce solution, Bumpa has secured $4 million in a seed funding round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures (through their commerce fund), SHL Capital (Sahil Lavingia, CEO of Gumroad), Magic Fund, Jedar Capital, DFS Labs, FirstCheck Africa…
The African Development Bank (AfDB) has approved a grant of $2.5 million to the Mozambican government to develop renewable energy resources. Made available by the Sustainable Energy Fund for Africa (SEFA), the grant will be administered by the Bank to implement the Mozambique Renewable Energy Integration Program (MREP). Dr. Daniel…
Egypt’s fintech, Nexta has raised $3 million in investment from digital financial services provider e-finance, bringing the total amount raised to $5.2 million since its inception last year. In March this year, Nexta also raised a $2.2 million pre-Seed round led by Egypt-based fintech fund Disruptech, with participation from global…
Egypt’s food and grocery B2B e-commerce platform MaxAB has secured $40 million in a pre-Series B equity round from Silver Lake, British International Investment (BII), and DisruptAD, with participation from existing investors, Beco Capital, 4DX Ventures, Flourish Ventures and Africa Platform Capital. The fresh funds will be deployed by MaxAB…
Mobility fintech and Uber’s largest vehicle supply partner in EMEA, Moove has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August. Moove launched in London in August with a 100% EV rent-to-buy model that provides mobility entrepreneurs access…
Mastercard today unveiled Crypto Source, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. The payment giant will partner with regulated and licensed crypto custody providers to enable its financial institution partners to gain access to a comprehensive suite of buy,…
Sustainable energy partner for businesses, Yellow Door Energy (YDE) has closed a $400 million new equity to boost the development of its sustainable energy projects in Africa, the Middle East and beyond. The funding was provided by YDE’s newest and now controlling shareholder, Actis, with existing shareholders International Finance Corporation…
Nigerian health technology company, Lifestores Healthcare has raised $3 million in a Pre-Series A funding round led by Health54, the healthcare-focused corporate venture capital arm of CFAO Group, with Aruwa Capital Management, an early-stage growth equity fund based in Nigeria, as a supporting lead, along with participation from other existing…
Ecobank Group has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge. The finalists come from the Democratic Republic of Congo, Nigeria, Senegal, South Africa and Togo. The Ecobank Fintech Challenge is organised in collaboration with partners across Africa and the world, including Arise, gold sponsor…
Bboxx has partnered with Ampersand, an e-mobility company delivering sustainable transport solutions in East Africa, partner to expand Ampersand’s e-mobility scheme in Rwanda. Sequel to a promising initial plot in the country, the scheme is now being launched in Kigali, Africa’s greenest city, and will eventually see the provision of…
Egypt’s fintech, Telda has raised $20 million in a seed funding round led by Global Founders Capital with participation from Sequoia Capital and former Twitter CEO Jack Dorsey’s Block Inc. The fintech startup said that it will use the fresh funds to drive its expansion plans into new markets and…
TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of its fourth annual Africa Tech Female Founder Summit scheduled to hold on Wednesday 9th November 2022 in Nairobi, Kenya. The headline session will feature a fireside chat with Meg Whitman, US Ambassador to Kenya and former CEO…
Egypt’s delivery management solution Roboost has secured a six-figure Seed round from Falak Startups, AUC Angels, as well as follow-on funding from Flat6Labs. The new funding round will accelerate Roboost’s growth by enhancing its AI delivery management solution and expanding its product offering. Founded in 2020 by Hassan Kamel, Mohamed…
Mastercard is teaming up with Nclude, a fintech-focused VC investment platform to further boost Egypt’s vibrant fintech ecosystem and support the country’s digital transformation journey. The partnership will deepen financial inclusion across Egypt by investing in promising early-and-growth-stage fintech and fintech-enabled companies. This new development also builds on Mastercard’s commitment…
Google Cloud and Coinbase have entered into a new, long-term strategic partnership on the growth of the Web3 ecosystem and its developers. The partnership will see Coinbase selecting Google Cloud as a strategic cloud provider to build an advanced exchange and data services. Coinbase will use Google Cloud’s powerful computer…
Nigeria’s digital media & information company, Stears has secured $3.3 million in a seed funding round led by MaC Ventures Capital with participation from Serena Ventures, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund and Cascador, we take a trip down memory lane to see where have come, as we…
Insurance group, Prudential plc has partnered with Google Cloud to improve health and financial inclusion for communities across Africa and Asia. As part of this strategic partnership, Prudential will leverage Google Cloud’s data analytics capabilities, secure and sustainable infrastructure, and the broader Google ecosystem, to accelerate its digital transformation and…
Fintech platform for MSME credit and asset-financing in East Africa, Tugende has closed a pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. Verdant Capital served as Tugende’s financial advisor and arranger with respect to its equity and debt capital raises.…
Treepz has entered into a partnership with FEMADEC Group to deploy eco-friendly mass transit buses in Lagos as part of its continued efforts to “Go Green” and help Nigeria contribute its quota to the United Nations Sustainable Development Goals (SDGs). FEMADEC Express Ltd, a subdivision of FEMADEC Group, specializes in…