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
Busbud, a travel booking platform, has acquired Ratality, a South African company offering revenue management optimisation software for ground travel operators, nearly two years after acquiring Betterez.
MPost, a digital postal service company, reportedly launched its electronic P.O. Box system in Rwanda to provide citizens with advanced postal experiences less than six months after moving its operations from Nairobi, Kenya to Kigali.
Following an X debate initiated by former employee Benita Anuforo, who said she is owed ₦2.7 million in salaries, Bloc CEO Edmund Olotu has finally addressed the allegations.
Beltone’s Cash for Microfinance has signed an agreement with Microfinanza Italia to launch a $2.4 million project to help and empower Egyptian entrepreneurs.
Three months after securing $7.4 million in securitised financing, d.light has announced that it will provide 10,000 subsidised solar home systems to Ugandan refugees through a $3.4 million grant.
OmniRetail tops Financial Times’ list of Africa’s Fastest Growing Companies with Moniepoint and AFEX rounding up the top three for Nigeria’s representatives.
In the face of rising inflation, earned wage access startups want to make payday come early for Nigerians, but experts warn it’s not a fix for employees’ financial problems.
Egypt’s Glint secured $3 million in the first close of its second venture fund to support Egyptian entrepreneurs and startups entering regional and international markets.
iProcure, a Kenyan agritech startup placed under administration, filed for bankruptcy on April 26 after failing to convince existing and new investors to provide additional capital.
Swypex, an Egypt-based all-in-one financial management platform, has raised $4 million in seed investment to expand its corporate cards platform.
In its inaugural institutional funding round since its inception 17 years ago, Seamfix has secured $4.5 million from Alitheia IDF. The company intends to allocate these funds towards the development of a pan-African KYC switch.
Almost 11 years and $17.2 million in investment later, iProcure, a Kenyan agritech startup, has been placed under KPMG administration over failure to pay the undisclosed amounts it owes creditors.
Chowdeck has quickly grown to 500,000 users in two years. With $2.5 million in seed funding, it hopes to consolidate its position in the Nigerian market.
Most startups will fail within the first five years of operations, but many are not wound up properly. This article explores how startups can be shut down appropriately.
Ten months after revealing a $3.4 million seed, Ethiopian upcycling startup Kubik has raised $1.9 million in additional seed funding to grow its operations and turn plastic waste into building materials.
Nigeria’s fintech industry is booming but not without risks. In this opinion piece, Gladefinance CEO, Liyi Victor discusses how innovations have reshaped banking but also opened up vulnerabilities, emphasising that security must be foundational, not an add-on, to sustain trust and ensure longevity
Amid a decline in funding for African startups, Madica, an Africa-focused pre-seed investment programme, has announced its inaugural investments with Kola Market, GoBEBA, and NewForm Foods.
In a fundraising effort that brings its total growth investment to R595 million ($31.1 million), HyperionDev, a South African-based edtech platform, has secured R95 million ($5 million).
Investors in Nigerian startup, Thepeer, have requested an audit of the shuttered business, saying at least $500,000 is unaccounted for by the founders.
Bokra, an Egyptian fintech, has raised $4.6 million in pre-seed funding to launch Bokra app, allowing users to manage and grow their wealth.