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
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.
There’s never been an easier time to start a business. Want a website to advertise your services? There’s WordPress. Need a professional looking email? There’s Google Workspace. Want eye-catching designs for your social media? Canva can help. As easy as starting a business has become, managing and scaling your operations remains a challenge. There are…
Kenyan HR startup Workpay has secured $5 million in Series A funding, led by Norrsken22. This round will help the company enhance its financial services.
In a surprising turn of events, Quizac, an edtech startup that was billed to shut down this month, has been acquired by the investment syndicate, Tekedia Capital. Both parties declined to comment on the cost of the acquisition. Conversations regarding the acquisition were fast, according to Tade Samson with the deal completed in under a…
Waza, a Nigerian B2B payment and liquidity platform for emerging market businesses, has emerged from stealth with $8 million in equity and debt funding to enter new markets and introduce new offerings.
Do you remember your first job? I sure do. The nerves, the excitement, and let’s be honest, the complete cluelessness about office politics. Fast forward to today, and here I am, helping founders navigate the tricky waters of employee relationships. Trust me, I’ve seen it all — from the “we’re all family here” startups to…
Open Access Energy (OAE), a South African energy company, has received a $750,000 investment from Factor E Ventures to address the country’s severe energy challenges.
After refusing investment due to unfavourable terms, Quizac, a gamified edtech startup is shutting down. But the founder says he does not regret refusing the investment.
Hohm Energy, a South African climate startup, has suspended operations amid financial difficulties, including challenges in servicing existing debts after raising about $12 million in two years
Weeks after reports of an ad service by Chowdeck, Glovo is making a similar move as it seeks to boost revenues and market position.
Lucky ONE, an Egyptian consumer credit fintech, has raised $3 million in a convertible bond round to expand its credit platform, aligning with the government’s efforts to improve credit access for the underbanked.
The recent decision by Mercury Bank to cease serving customers from several countries, including Nigeria, has sent shockwaves through our tech ecosystem. Because I work closely with Nigerian founders, I’ve witnessed firsthand the ripple effects of this move. Mercury cited Know Your Customer (KYC) compliance issues as the primary reason, but this blanket ban raises…
Chowdeck and Chicken Republic have entered an exclusive deal in Lagos and Ibadan. The food delivery company will now be the only distributor of Chicken Republic meals in both cities.
Synapse Analytics, an Egyptian AI startup, has secured another $2 million in investment to support expansion efforts, two years after raising a $2 million pre-Series A round.
Google has announced the 10 African startups selected for the 2024 cohort of its Startup Accelerator Africa program, marking the eighth edition since its launch in 2018.
Cartona, an Egypt-based B2B eCommerce platform, has raised $8.1 million in a Series A extension round, to grow its market share and help retailers. This comes a year after it raised $12 million in Series A funding.
Nigerian healthtech company Intron Health has secured $1.6 million in pre-seed funding to advance its AI technology, bolster its research efforts, and expand distribution.