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
Founded in 2017, Synatic offers a low-code/no-code solution for integrating internal and external data sources
Nigerian software company, VENCO, has raised $670k in pre-seed funding to eliminate the hassles of living in estates or residential and commercial communities in Africa. According to the company, it wants to enhance the living experiences of Africans.
The startup plans to extend working capital financing options to restaurants through its partners, using its extensive data to help underserved clients
The investment will be used to expand the platform’s services and reach, as well as to develop new technology and features.
Kapu, a new social commerce startup founded by a former Jumia executive, has emerged from stealth mode with $8 million in funding. The company aims to revolutionize the way consumers shop for food in Kenya, where sky-rocketing prices have become a major concern. Kapu was founded by Sam Chappatte, a seasoned veteran of the e-commerce…
SafeBoda also exited Kenya in November 2020, less than two years after expanding its services to the country
Moving goods is often an unpleasant experience for businesses and customers in Nigeria, but Fez Delivery hopes to make the experience seamless for all parties.
According to Nopearide, EkoRent Africa, the local subsidiary of the Finnish company, has filed for insolvency, effectively ending its operations.
Njoku Emmanuel, CEO and Founder of crypto payment startup, Lazerpay, has announced that the company will be laying off employees in a bid to extend its operating runway
Orda raised $1.1 million in pre-seed funding, bringing its total funding raised this year to $4.5 million
SWVL also shut down all of its operations in Pakistan two weeks ago, according to several reports
The fintech company offers an investment programme that enables users to acquire cryptocurrency and store money via decentralized wallets
The tech layoff storm has hit yet another Nigerian tech startup. Crypto startup, Quidax, has reportedly just laid off 20% of its workforce, which is a little over 100 employees. Earlier in the year, the company also slashed employee salaries by 30%, and 50% for team leads, with an understanding that the slash would last…
Ivorian fintech startup, Djamo has raised $14 million from Enza Capital, Oikocredit, Partech Africa, Janngo Capital, Axian, Launch Africa, P1 Ventures, and Y Combinator to expand across Francophone Africa.
Pivo, a Nigerian fintech startup that provides financial services for supply chain SMEs in Africa, has raised $2 million in a seed round.
From “great work culture” to owed salaries, layoffs, and fund diversions: An exposé on Healthlane’s activities in Nigeria and Cameroon
Egyptian fintech startup, Blnk, has raised $32 million across two rounds of funding led by Emirates International Investment Company (EIIC) and Sawari Ventures.
A year after raising $30 million in Series A, Yassir raises $150 million from BOND, DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, and Y Combinator for its super app ambitions.
The funds will be used to expand into other Nigerian cities, including Port Harcourt, Enugu, and Jos, by Q1 2023.