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
Nigerian fintech startup, TeamApt, has rebranded to Moniepoint as it plans product and market expansion. With more than $1 billion in disbursed loans, could it also be a unicorn?
COVID-19 posed several challenges while also encouraging African innovation; one such startup innovating is Airmed, a Nigerian healthtech startup. In this article, I discuss how Airmed brings consultation and medication delivery closer to patients.
A year after announcing its Series B round, artificial intelligence startup, InstaDeep, will be acquired by BioNTech for $683 million.
Despite rising inflation, users of Nigerian fintech startup, Bamboo, continued investing in stocks in 2022.
Nigerian fintech startup, CredPal, has launched a ride now, pay later service in collaboration with Bolt.
Currently available in 29 countries, Jetstream plans to use the funds to enter new markets.
Releaf, an agritech startup headquartered in Nigeria that builds technology to make it easier for FMCGs to access high-quality ingredients for their factories, has raised $3.3 million in a pre-Series A round.
Techstars Toronto announces the graduation of nine African companies from the winter 2022 cohort of its accelerator program. The companies represent a range of industries and will receive funding, mentorship, and access to a network of entrepreneurs. #techstars #startups
Egyptian procurement platform for hotels, restaurants and catering (HoReCa) businesses, Suplyd, has raised $1.6m in pre-seed funding to expand beyond Cairo and scale its technology
Shortly after a quiet round of staff dismissals, Moove, a mobility fintech company, has raised $30 million in its fifth funding round of 2022, bringing the total amount raised this year to $181.8 million. It says the funds will be used to expand its EV fleet in the MENA region.
Chipper Cash, an African cross-border payments company startup valued at slightly over $2 billion, has reportedly laid off many employees
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.