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
LemFi, founded by former OPay employees, has raised a $33 million Series A round to drive its expansion and product development.
NALA’s users in the UK and EU can now send money to Nigerians via the app. The Tanzanian startup states it is working on obtaining the necessary licence to allow users in Nigeria to send money out of the country.
The Competition Authority of Kenya has cleared Moniepoint to acquire Kenyan fintech, Kopo Kopo.
Uche Ukonu went from craving small chops on a Saturday morning to building a startup that has made ₦100 million selling small chops online, with zero funding. Here’s how he did it.
Zanifu has secured $11.2 million in debt-equity funding in a pre-Series A round to scale its operations in Kenya and expand its solutions to distributors.
With more than 10 partnerships secured, Jumia could soon launch buy now, pay later services in Egypt.
Kenyan eCommerce startup, MarketForce, is raising $1 million on crowdfunding platform, Capitalize.
Payments giant, Mastercard, buys Into MTN’s future, secures stake in $5.2 billion fintech division.
After bagging a degree in agricultural engineering from the University of Nigeria, Alex Onyia decided to become a software developer. Today, his edtech startup operates in three continents with plans for expansion.
Nigerian healthtech startup, Pharmarun, recently received $10,000 in equity-free funding at the Pitch2Win 2023 competition. The female co-founders and best friends of 20 years walk us through the startup’s operations.
Nigerian-born mobility fintech company, Moove, has raised $76 million in new funding to build the largest tech-driven financial services platform for mobility entrepreneurs.
Kenyan logistics startup, Sendy, is reportedly ceasing operations and considering selling its assets. This move follows several layoffs made by the company since 2022.
Egyptian pharmaceutical marketplace, Auto Cure, has been acquired by Grinta for an undisclosed amount.
Talents Arena has raised $750,000 from UI Investments and several Saudi Arabian and Egyptian angel investors to fuel expansion across the Middle East and North Africa.
Glovo is now Chicken Republic’s exclusive delivery partner in Nigeria, and has its eyes on replicating it in Ghana.
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.
