Startups

YouScribe, in collaboration with Digital Virgo and MTN, has expanded its services to Ghana as part of its multilingual digital library initiative. YouScribe, in collaboration with Digital Virgo and MTN, has expanded its services to Ghana as part of its multilingual digital library initiative.

Launched in January 2024, Rivia, a Ghanaian healthtech startup, has acquired Waffle, a SaaS company, to improve operations.

Roam, a Kenyan electric mobility company, has partnered with Mogo, a financial solutions startup, to provide financing packages to interested electric motorcycle buyers.

As part of its commitment to invest in 1,000 African startups by 2033, Kenya’s Baobab Network, an early-stage investor that supports African startups, has acquired Reflector Marketing, a strategy and branding agency.

Sim Shagaya, a serial entrepreneur and the founder of uLesson, an edtech platform, plans to launch the Honey Badger Fund to support African entrepreneurs.

Thepeer’s plan was to be an “API-based payments layer where fintechs can enable money movement natively from within their respective wallets and apps.” But after three years and $2.1 million in funding, the startup is returning investor funds and shutting down.

Yango Delivery, a logistics startup, has launched a new feature to address the logistics ecosystem’s inefficiency and unclear pricing across Africa.

Janngo Capital Startup Fund (JCSF) has received €4 million ($4.3 million) in investments from Tunisia’s fund of funds, “ANAVA,” to invest in francophone African startups and women-founded businesses.

Wasoko’s valuation has been slashed to $260 million after VNV Global, a Swedish investment firm, cut the value of its stake in the startup by 48%.

Sprints, an AI-focused edtech startup, has closed a $3 million bridge fundraising round to support its expansion plans as it enters ten new markets. It also intends to use the funds to advance its growth strategy.

Following a move to ban fuel-powered vehicles in Ethiopia in February 2024, Dodai, an EV startup, has recently raised $4 million in Series A funding to scale operations.

Tunisia-born and UAE-headquartered AI startup Clusterlab has announced raising $600,000 in pre-seed funding from InstaDeep’s CEO to accelerate research and development of its large language models (LLM).

ANKA, an Ivorian SaaS eCommerce platform for African businesses, has announced that it will close its African-focused marketplace six months after raising $5 million in a pre-Series A extension round, citing an economic downturn and rising payment issues.

In the face of competition from other buy now, pay later platforms in South Africa, Float secured $11 million from Standard Bank to boost growth over the next four years.

Kenyan digital commerce startup tappi expands to Côte d’Ivoire, allowing MTN customers in the West African country to access its services through integrated data bundles.

mTek, an insurtech startup, has secured $1.25 million to fuel expansion in Kenyan and East African insurance markets while integrating emerging technologies, such as AI and machine learning.

Moove has raised $100 million in a Series B funding round led by Uber. The Nigerian vehicle financing platform has also moved its headquarters to the UAE following its partnership with Mubadala, an Emirati sovereign investor.