Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
Rabbit Mobility, an Egyptian micromobility platform, has raised $1.3 million in a funding round led by 500 Global and Untapped Global. The funds will fuel expansion plans across Egypt and North Africa.
WellPal, an Egyptian health-focused eCommerce platform, has relocated to Saudi Arabia after securing fresh funding. With plans to enhance its AI features and expand regionally, WellPal aims to support the Kingdom’s Vision 2030.
TUNL, a South African shipping platform for eCommerce exporters, has closed a seed round to fuel growth, facilitate product expansion into international payments, and improve marketing support for SMEs.
Investors have indicated that they want more frequent updates from the startups they’ve invested in, but some startups are scared of sharing these updates.
Scale, a South African startup, has raised a pre-seed funding of $700,000 to accelerate expansion into Kenya, Zambia, and Cote d’Ivoire and simplify card issuing processes on the continent.
Eighty-percent. That’s the percentage of Nigerian farmers who are smallholder farmers. In a country that has long been dependent on oil revenues, the agriculture industry remains its largest employer of labour. However, its farmers face a plethora of problems, including violent conflict in large parts of the country affecting productivity, access to finance, outdated agricultural…
Seventy-one per cent of people consume music by streaming, while only 4% attend live shows. One reason is that live shows are expensive, but this Nigerian startup wants to solve this, and even Seyi Vibez is on board.
A group has launched a R300 million (about $17 million) seed fund to provide early funding to tech startups in South Africa.
Carry1st, a consumer payments provider and gaming publisher, has expanded beyond gaming via its new partnership with Audiomack, a music streaming platform, to roll out subscription payments.
ETAP has gotten Ghana’s first insurtech licence. The startup is eyeing an Africa-wide expansion as Nigeria’s car insurance market is too small for the company.
Vendease, a Nigerian food tech startup, is set to lay off 20% of its workforce as part of a larger effort to streamline operations and ensure long-term sustainability.
Yellow Malawi, an off-grid solar distribution company in Malawi, has secured a $2 million investment to enable 182,000 people to receive energy access.
If you postpone legal obligations today, you might not have a company tomorrow. Trust me, I’ve seen too many startups fall into traps that could have easily been avoided if they just had the right legal structure in place early on. You shouldn’t wait till you get in trouble, you should set yourself up for…
Userguest, a Moroccan startup, has raised €2.2 million (around $2.4 million) to fuel expansion, enhance its sales team and boost direct revenue for hotels.
Foodpreneurs Hub, a Nigerian-founded foodtech company, says it has raised $500,000 in pre-seed funding from undisclosed investors to advance its mission of combating food insecurity across Africa.
Farid, an Egypt-based edtech startup, has announced that it has received $250,000 in pre-seed funding to help expand its educational platform and enter global markets.
SETTLE, an Egypt-based B2B payment platform, has raised $2 million in pre-seed funding to improve the B2B financial services sector by automating financial workflows for businesses of all sizes.
Accounting software firm Xero is acquiring a South African-born cloud-based reporting, insights and analytics startup, Syft, for $70 million.
LabLabee, an Algerian edtech company, has raised $3.4 million in seed funding to expand its offerings and accelerate expansion into the US market through partners like AWS and Azure.
Hohm Energy, a South African climate startup, has reportedly filed for voluntary liquidation with the Companies and Intellectual Property Commission (CIPC) following reported suspension of operations.