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.
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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.
Egyptian fintech startup, Money Fellows, raises $31 million in the first close of its Series B round
Money Fellows has secured $31 million in the first close of its Series B round. It plans to expand its services across Africa and Asia while growing its product offering.
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The company will also use the funds to improve the company’s operations and structure.
MoKo Home, a Kenyan furniture startup, gets a $6.5 million Series B round to expand into new markets
The Kenyan omnichannel retailer also plans to use the cash to expand its growth and presence in Kenya by utilising its online channels and forming new collaborations with merchants and outlets to boost offline sales.
Lifestores will also broaden its B2C offerings with trial projects in patient savings, care management, and pharmaceutical distribution.
Six months after announcing a $1.2 million investment, FlapKap, a startup that provides revenue-based financing for businesses in the Middle East and North Africa, has announced a seed round of $3.6 million.
Stears, one of the 60 startups chosen for the Google for Startups Black Founders Fund 2022 batch in September 2022, plans to use the funds to improve its data collection and analysis.
Trade is vital for ensuring Africans get the products they need for various purposes. However, getting products from manufacturers to consumers is fraught with challenges, but OnePort 365 is using technology to ease it.