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
After raising $500,000 funding in October 2023, Cue, an AI-driven customer service platform, has added $2 million funding to drive deeper AI integration on its platform and support growth plans.
MoneyHash, an Egyptian payment orchestration platform, has raised $4.5 million in seed funding to enhance payment services for merchants in the Middle East and Africa.
On this episode of the Techpoint Africa Podcast, Chijioke Dozie, Co-founder and CEO of Carbon discusses Nigeria’s credit scene and its attendant barriers and problems.
Moniepoint’s workforce went from 962 in 2022 to 1,800 in 2023. The company’s VP, Edidiong Uwemakpan, spoke to Techpoint Africa about why this was necessary and the “touch grass” principle that helps employees stay effective.
d.light, a solar solutions provider, has received $7.4 million in securitised financing from Chapel Hill Denham to scale its Pay-Go personal finance service.
Nearly a year after acquiring PayForce, a CrowdForce subsidiary, FairMoney is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya, for $20 million in an all-stock transaction.
Mamamoni will receive €250,000 from the Challenge For Youth Employment over the next two years to expand its network of female agents in Nigeria.
Arnergy, a Nigerian cleantech startup, has raised $3 million in funding from All On, an off-grid energy impact investment company, to scale and accelerate adoption.
Catalyst Fund has invested $1.8 million in nine African climate startups six months after closing the first round of its $40 million fund.
Following increased shipment tracking and management of Jetvision internally, Jetstream Africa, a Ghanaian logistics startup, has launched the AI-powered platform for African importers, exporters, and logistics companies.
Following an ambition to expand to other African countries and extend its franchise, Logidoo has raised $1.55 million in seed funding to improve its cross-border logistics services.
Over 90% of Nigerian startups call Lagos home, yet other cities are catching up. Experts stress the importance of these cities in spreading startup benefits but caution it demands effort.
Ilara Health, a Kenya-based healthtech startup, has secured $4.2 million in a pre-Series A funding round, combining debt and equity. This investment aims to improve healthcare accessibility for everyone in the country.
A Kenyan court has stopped Wasoko, an eCommerce startup, from terminating nine employees amid the company’s merger plans with MaxAB, an Egyptian B2B eCommerce startup.
African tech talent recruiter Remoteli has collaborated with Pathways, a company founded by a Bayern Leverkusen player, to provide tech skills to footballers who couldn’t advance to the professional level.
Klas, a Nigerian edtech platform, has raised a $1 million pre-seed fund to expand its user base, focusing on India and North America.
The depreciation of Nigeria’s currency has led to a significant increase in the prices of software products, prompting local startups to transition towards domestic alternatives.
Bboxx, a data-driven utility platform, is relocating its headquarters from London to Kigali, Rwanda, to invest $100 million and train over 1,000 people.
Kenyan-based startup InspiraFarms has secured $1.09 million to support its off-grid energy cold storage projects across Africa. It comes a month after it raised $5.4 million from InfraCo Africa to pilot its ‘Cooling-as-a-Service’ model.
Senegal’s ProXalys has secured $500,000 in funding from 216 Capital to scale its services, following a $150,000 investment from Haskè Ventures in 2022.