Egypt-based platform as a service (PaaS) startup Intella, has raised a $1 million Seed round, led by Hala Ventures, with participation from Falak Startups, Beyond Capital, and a cluster of angel investors. Intella offers real-time, on-demand intelligence and market research for a wide variety of clients. These include government entities, financial…
Author: Oluwasegun Olukotun
Egypt-based fintech startup- PayMint has raised seed funding of 7 figures from AUR Fintech- a subsidiary of AUR Capital, to support PayMint’s expansion plan in fintech and SMEs’ financial inclusion in the Egyptian market. Launched in 2019 by Mohamed Yahya and Mohamed Rabie, provides financial technology services to small and…
Swvl, a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, have announced that they have entered into a partnership to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include…
After several years of battling to legally function in the capital of England, Uber has finally been granted a 30-month licence to operate private hire vehicles in London. The ride-hailing firm confirmed in a tweet that it had secured a two-and-a-half-year licence from Transport for London (TfL), adding that TfL rightly…
Katapult, an investment company focused on highly scalable impact tech startups, and The Tony Blair Institute for Global Change (TBI) have formed a partnership to support impact-tech startups in Africa. The partnership aims to support the best impact tech entrepreneurs across Africa by strengthening the scaling ecosystem for startups and…
Apple made history at the Academy of Motion Picture Arts and Sciences by becoming the first streamer to win the award for Best Picture for “CODA”. The movie which is available on Apple TV+, also won the Best Supporting Actor for Troy Kotsur, and Best Adapted Screenplay for Siân Heder.…
Global sporting icon, entrepreneur, and philanthropist, David Beckham has become a global brand ambassador for the DigitalBits blockchain. As one of the world’s most successful athlete-turned-businessmen, Beckham will help to communicate the transformative power of the DigitalBits blockchain to consumers, brands, and other organizations worldwide. With a shared interest in…
Egypt-based VC Sequence Ventures is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt Deep-Tech fund. The fund is currently in talks with 22 startups to deploy EGP12-17 million in 10 transactions starting as early as May. According to Sequence Ventures Executive Chairman…
Franco-Nigerian on-demand, last-mile delivery startup, Kwik Delivery, has raised $2 million in Series A funding. The funding round was led by XBTO Ventures with participation from new and existing investors like Humla Ventures, Nabuboto, Ubisoft CEO Yves Guillemot, and Pulse Africa founder Leonard Stiegeler. Kwik connects independent delivery partners, either…
Decentralized international activist- and hacktivist collective and movement, Anonymous has hacked the Central Bank of Russia. According to reports, over 35,000 files are in the possession of Anonymous. The group has also said it will release the files within 48 hours. It is not certain the nature of files Anonymous…
Egypt-based company, FlapKap, revolutionizing e-commerce and SaaS growth in the MEA region has launched after completing a $1.2 million fundraise. The fundraise was led by A15, the leading MENA venture capital firm, and one of the most prominent backers of early-stage start-ups in the region. Co-founded by Ahmad Coucha (CEO),…
UAE-based Cypher Capital has launched a $100 million VC fund to invest in startups in blockchain, crypto and other digital assets. “We are very proud and honored to be launching our first and the biggest crypto, digital asset and blockchain private seed fund from the UAE and the Middle East…
Orange Maroc and the German Cooperation has today inaugurated in Rabat, the first “Orange Digital Center” (ODC) in Morocco, a digital ecosystem entirely dedicated to the development of digital skills and innovation. The launch is aimed at supporting the development of new technologies in the Kingdom and make digital more…
YouTube has announced that viewers for the first time will be able to watch full seasons of TV shows on YouTube for free with ads. The new service which for now is accessible to US viewers only will allow viewers to stream nearly 4,000 episodes of their favorite TV shows,…
Qualcomm on Wednesday announced the launch of the Snapdragon Metaverse Fund, established to invest up to $100 million in developers and companies building unique, immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligence (AI) technologies. The fund plans to deploy capital through a combination…
Fast-growing technology-driven agricultural company, ThriveAgric, has raised $56.4M in debt funding from local commercial banks and institutional investors. The raise also included a co-investment grant of $1.75M from the USAID-funded West Africa Trade & Investment. The new investment will enable the company to grow its 200,000+ farmer base, and expand…
Cryptocurrency financial services company, Blockchain.com has chosen Stripe to facilitate payments, mitigate fraud risk, and improve revenue management. Blockchain.com was founded in 2011 and is one of the early infrastructure pioneers of the Bitcoin community. As of January 2022, 37 million verified users from nearly every country had used the…
Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm have launched Nclude by Global Ventures, following approval by the Central Bank of Egypt (“CBE”). Nclude by Global Ventures will focus on accelerating Fintech Innovation and…
Egypt’s leading app for credit products offers, and cashback Lucky has raised $25 million in a Series A funding round. The funding round, which is Egypt’s largest Fintech Series A round so far, was led by Nclude by global Ventures, and Egypt’s largest national banks – Banque Misr, National Bank…
Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, the Republic of…