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
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.
DigiTax, a Kenyan eTims tax compliance provider, has expanded into Zambia to assist businesses with Smart Invoice compliance following
Eight African startups — seven from Nigeria and one from Morocco — make it into TechCrunch’s Startup Battlefield 200 for 2024.
Egypt-based fintech startup, Paymob, has raised $22 million in Series B extension funding to further expand its operations in the Middle East and North Africa (MENA) region.
Field, a Nigerian healthtech company, has launched a service to introduce new therapies addressing maternal mortality, child health, and nutrition, with $11 million in funding from the Bill & Melinda Gates Foundation.
The Garage, a Nigerian co-working startup for students, hit profitability four months after launch. Fully bootstrapped, it’s redefining student work productivity and learning with workspaces designed to meet their needs.
Wattnow, a Tunisian cleantech startup, has closed an undisclosed funding round to support its global expansion and promote sustainable energy solutions for businesses.
Ghana’s fintech lending platform Fido has received $20 million in Series B and $10 million in debt funding to extend its reach into new markets and enhance its product offerings. It also aims to expand insurance coverage for climate-related risks for its loan recipients.
Cercli, a payroll startup founded by Akeed Azmi and David Rechein in January 2024, has raised $4 million in seed funding to improve payroll management in the Middle East and North Africa (MENA).
The top three reasons why business owners in Nigeria don’t have insurance are a lack of trust in insurance companies, a failure to see the need, and religious beliefs. The same can also be said for individuals, but there’s a new wave of insurance that can solve this problem. It is a type of insurance…
Chpter, a Kenyan AI-powered social commerce platform, has secured a $1.2 million pre-seed round to expand its product reach across more markets, including Nigeria, Ghana, Egypt, and Morocco.
It’s taken eight months, but the proposed merger between Wasoko and MaxAB has finally been completed. Both companies signed preliminary terms in Q4 2023 ahead of what has been referred to as Africa’s largest tech merger till date. The newly formed entity — which hasn’t been renamed — will be co-led by Daniel Yu, CEO…
Kenyan social commerce startup Sukhiba Connect has raised $1.55 million in a seed extension round to fuel its expansion, following a $1.5 million funding round nearly a year ago.
From Fixit45 to SimbiBot, Abdulazeez Ogunjobi is a serial entrepreneur, but his latest startup Scandium, is quite unusual in Africa. However, it already has a 90% profit margin a year after launch. Find out how it works.