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
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.
Grey, a Nigerian fintech startup, raises $2 million in a seed round to expand into East Africa and to launch its business-focused product, Grey Business, in Nigeria and Kenya.
YC-backed fintech Anchor receives $1 million to enable businesses to offer banking services.
Despite the challenges facing eCommerce in Nigeria, Aderonke Ajose-Adeyemi, Co-founder and CEO of Losode, is adamant that her team has what it takes to build the infrastructure for trade in Africa.
On the back of a recent fundraising round, Egyptian BNPL startup, valU has acquired Paynas to extend its services to its customers.
Sabi, a Nigerian eCommerce startup, has launched in South Africa and plans to tap into the country’s $9 billion informal economy.
French-based and Africa-focused startup, Koolboks, has secured $2.5m in a seed round to expand across Nigeria and open offices in the Democratic Republic of the Congo and Ivory Coast.
Airbnb disrupted hotels, PieMe wants to do that for African restaurants. Here’s how the Ugandan-based startup wants to help you turn your kitchen into a profitable restaurant
Kenya’s B2B agritech startup, iProcure, has raised $10.2 million in Series B funding to expand to Tanzania and grow its presence in Kenya and Uganda, where it currently operates.
Pastel, a Nigerian bookkeeping and digital platform for merchants has raised a $5.5 million seed round to expand its product offerings.
After raising $40 million in debt and equity in its Series A round in February 2022, Marketforce, a Kenyan end-to-end distribution platform, laid off 9% of its workforce in July 2022.
TeamApt, a Nigerian fintech startup, has raised more than $50 million in its most recent funding to expand its credit offerings.
DataProphet, a South African startup, has raised $10m in Series A to expand its AI-as-a-service platform for manufacturers and to further invest in its industrial AI product set.
Convertedin, an Egyptian ad automation platform, has closed a $3m seed round to serve brands in Mexico and Brazil. Launched in 2019, it provides an eCommerce marketing operating system to brands and businesses.
The global wall art industry is valued at $46.3 billion globally in 2020 and is expected to grow to $72.61 billion by 2028. And Raknida, an eCommerce platform for wall art, is looking to take a piece of that pie with its augmented reality-enabled artwork.
Businesses like Netflix and Yahoo have learnt the hard way the importance of effective communication. In 2011, the former’s stock prices crashed by more than half in two months because of a communication blunder. Find out how to avoid that in this article.
Bumpa, an eCommerce startup, has integrated with Meta, the parent company of Facebook, Instagram and WhatsApp, to boost social commerce. Find out what this means for social merchants.
Lami Technologies, a Kenyan insurtech startup, has raised a $3.7 million seed round extension following a $1.8 million seed in May 2021. The funds will be used to expand the company’s product offerings.
In 2020, Youverify, a Lagos and San Francisco–based identity verification startup, raised a $1.5m seed round. Now, the company has announced an additional $1m seed round extension to verify 2 billion identities, among other things.
The traditional idea of business-to-customer communication has evolved, especially with the new crop of customer-facing products. Here’s what business owners should know to satisfy their clients.