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
With more than 20 years of experience between them, Damilola Thompson and Olaide Olusoji-Oke are building Diligence Africa to help founders and investors make safer investments.
REdimension Capital has hit the first close of its proptech fund, with more than $10 million raised from Rand Merchant Bank, Investec Property Fund, and other investors.
Kenyan agritech startup, FarmWorks, has secured $4.1 million in a pre-Series A round to bolster its data analytics skills and use AI to improve production and impact planting and lending decisions.
CatalyzU (formerly Young African Catalysts) has been accepted into Techstars Toronto as it bids to train and place African talents in non-technical jobs across the globe.
Mastercard has partnered with Alerzo, a Nigerian B2B eCommerce platform, to empower Small and Medium Enterprises (SMEs) by offering digital payment solutions, financial education, and credit access.
Nigerian healthtech startup, Clafiya has disclosed $610,000 in pre-seed funding to fuel its expansion, invest in product development, and hire fresh tech talent.
Following widespread reports of insecurity on ride-hailing platforms, Bolt and Uber have introduced audio recording features, but will this reduce insecurity during trips?
Businesses across Africa spend hours tracking and reconciling their finances, but Flex Finance provides a platform that enables them to track, automate, and reconcile their finances.
Startup founders are always searching for the best way to promote their startups, and building in public offers huge benefits. In this article, Victor Fatanmi shares his thoughts on its suitability for startups and tips founders can use to increase its effectiveness.
Nigerian insurtech startup, MyCover.ai, has raised $1.25 million pre-seed to support its internal operations and tech talent, invest in its proprietary technology, and strategically expand its operations into additional African markets.
Founded in 2020, Nigerian-based HR tech startup, Propel, raises $2.74 million in seed funding to expand its ecosystem of communities, scale its community platform, and introduce new client offerings.
Small businesses in Africa provide more than 80% of the continent’s jobs but do not often use technology in their operations. Moosbu wants to change it with an all-in-one tool for SMEs.
After 18 months of working with cross-border payments startup, Payday, Ogechi Yvonne Obike has announced her intention to step down as the company’s Chief Operating Officer (COO).
Delayed payments affect the cashflows and revenues of almost half of the MSMEs in Nigeria. But Nigerian fintech startup, Zuvy provides invoice financing to cushion these effects and now has $4.5 million to further its mission.
After four years of operating in Nigeria, PalmPay’s payments ecosystem reportedly has over 25 million users, 500,000 mobile money agents, and 300,000 merchants.
Aruwa Capital Management has invested $2 million in Fastizers to expand its product offerings in Nigeria. The Nigerian snack food and confectionery producer also plans to create more jobs with the funds.
Wave, a Senegalese fintech, is the only African startup on Y Combinator’s list of top 50 portfolio companies with the highest revenue in 2022.
Fresh from being named Africa’s best climate tech startup, Kubik has announced $3.34 million in seed funding to eliminate plastic waste in Africa.
More than $300 billion has been raised through Africa’s capital markets. However, investors remain restricted by geography. With ample experience in finance and technology, Eugene Tawiah and Duke Lartey founded SecondSTAX to increase access to capital markets in Africa.
Google for Startups has selected 25 African startups for the third cohort of its Black Founders Fund, with 10 Nigerian and 5 Kenyan grantees.