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
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.
It will also use the funds to expand its product offerings for landlords, real estate brokers, and tenants across Nigeria.
After taking a two-year gap from work, Ik Obi, ex-Paystack Integrations Lead, has founded Alvative, a talent out-sourcing and vetting startup for junior developers.
It plans to extend loans to an additional 10,000 businesses to reach its 40,000 targets within the next 18 months.
The company, currently based in Ghana, is looking to expand to Ivory Coast, where it has already begun recruiting new employees.
The company will use the funds to create new solutions and services to fuel growth across the food value chain.
Ghanaian fintech startup, SecondSTAX, receives a $1.6 million pre-seed round to expand its workforce
The company, which has announced its public launch, plans to expand to Ghana and Kenya by the end of 2022.
Remedial Health has raised $4.4 million in its seed round as it seeks to expand its coverage of Nigeria.
Money laundering charges against RemX Capital Limited, Avalon Offshore Logistics Limited, and OIT Africa Limited have been dropped by Kenya’s Asset Recovery Agency.
While fintech startups dominated Nigeria’s representation in Y Combinator’s Summer 2022 batch, two food delivery companies made the cut. With impressive revenue figures a year after launching, we examine the prospects of food delivery startups in Nigeria.
The company, which claims to have merchants in all 774 Nigerian local governments, also plans to expand its team.
Immunisation prevents over four million deaths annually, but many children do not get vaccinated. HelpMum wants to change this with a grant from the Patrick J. McGovern Foundation.
With less than 30% of Nigerian cars insured, ETAP wants to make car insurance easier to get.
Zapper, a South African mobile payments company, has partnered with Stitch, a South African API fintech startup, to allow Zapper users to make instant electronic funds transfer (ETF) payments.
Five months after completing a pre-seed round, Nigerian fintech startup, Duplo, has received $4.3 million in its seed round to improve payment for businesses.
Kenya’s fintech startup, Pezesha, secures $11 million in pre-Series A to expand its embedded finance offering beyond its current markets. It has also expanded into Nigeria, Rwanda, and Francophone Africa.