Data and Martech news from Africa
In partnership with CDP Institute. Explore our Data and Martech news from all around Africa.
Nigerian Grocery Startup Pricepally Raises $1.3M to Expand
Nigerian online grocery startup Pricepally has secured $1.3 million in seed funding….
Nov 29, 2023
Cameroonian health tech Waspito gets a $2.5M seed extension to scale, tap offline patients
Cameroonian health startup Waspito has secured a $2.5 million seed extension…
Nov 29, 2023
Nigerian trade finance startup FrontEdge secures $10m funding to scale operations$10M in debt, and equity from TLG, and Flexport to facilitate trade for African exporters
Nigerian trade finance startup FrontEdge, which helps facilitate cross-border…
Nov 29, 2023
SA’s FinMeUp partners consulting firm for financial education solution
South African fintech startup FinMeUp has partnered with consulting firm….
Nov 22, 2023
Egyptian e-commerce startup WayUp raises seed round of funding
Egypt’s WayUp Sports, an e-commerce platform specialized in performance…
Nov 22, 2023
Kenya’s Ed Partners secures $10m DFC loan guarantee commitment to expand access to affordable education
Kenya’s Ed Partners Africa, a non-banking financial institution that…
Nov 22, 2023
Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises US$7M led by Ventures Platform and MaC VC
Shekel Mobility, a B2B auto dealers marketplace, has secured over US….
Nov 16, 2023
SA insurtech startup Pineapple secures US$21.3m Series B funding
South African insurtech startup Pineapple has raised ZAR400 million (US$21.3…
Nov 16, 2023
Egyptian SaaS e-commerce startup Awfar raises 6-figure funding to expand in Saudi Arabia
Egyptian SaaS e-commerce startup Awfar has secured six-figure US dollar…
Nov 16, 2023
How Ivory Coast’s Babimo is helping small businesses accept QR payments
Ivory Coast-based startup Babimo is helping small businesses overcome….
Nov 8, 2023
Ghana’s Hurupay tackles currency fluctuations with stablecoin-based payments platform
Ghanaian startup Hurupay is helping businesses and individuals across Africa…
Nov 8, 2023
Norrsken22’s debut fund closes at US $205M to back growth-stage startups in Africa
Norrsken22, a Pan-African venture capital firm, has achieved the final close of its…
Nov 8, 2023
Egyptian health tech Almouneer raises US$3.6M to scale its platform for treating diabetes and obesity
Almouneer, an Egyptian health tech company on a mission to revolution….
Nov 1, 2023
BluePeak Private Capital announces final close of US$156m flagship fund
BluePeak Private Capital, an alternative asset manager firm supporting the…
Nov 1, 2023
How SA’s SpekTech uses e-commerce, AI to address climate crisis
South African startup SpekTech is utilising technologies such as e-commerce…
Nov 1, 2023
How SA’s Revio is making waves addressing payments failures in Africa
South Africa’s Revio, a payment orchestration platform that helps mer….
Oct 26, 2023
Nigeria’s Renda is a fulfillment infrastructure provider for Africa’s growing e-commerce market
Nigerian startup Renda is providing access to the end-to-end fulfillment…
Oct 26, 2023
Ghanaian fintech startup PAL is providing payments infrastructure for Francophone Africa
Ghanaian startup PAL is an e-money payment infrastructure and liquidity…
Oct 26, 2023
SA digital identity startup iiDENTIFii expands to Zambia with Zanaco partnership
Cape Town-based digital identity startup iiDENTIFii has partnered Zambian bank….
Oct 18, 2023
SA startup Cue raises US$500k funding to advance AI-powered customer service
South African startup Cue, a frontrunner in AI-driven customer service solutions…
Oct 18, 2023
LeapFrog’s new fund to double down on financial and healthcare sectors in Africa and Asia
LeapFrog Investments, a private equity firm that is keen on the financial and…
Oct 18, 2023
Egyptian insurtech startup Amenli raises $1m funding to fuel growth
Egyptian insurtech startup Amenli has closed a US$1 million equity funding…
Oct 11, 2023
Tanzanian business management startup Bizzyn now active in Kenya, Malawi
Tanzanian startup Bizzyn, a cloud-based financial management software design…
Oct 11, 2023
Senegalese FMCG intelligence startup Lengo AI secures pre-seed funding round
Senegalese FMCG intelligence startup Lengo AI has raised a seven-figure pre…
Oct 11, 2023
Kenyan fintech startup Lipa Later raises US$3.4m debt funding, targets more
Kenya’s Lipa Later, a fintech platform founded to empower African businesses…
Oct 4, 2023
African VC firm Enza Capital launches founder partner program as it closes US$58M across funds
Enza Capital, a venture capital firm that backs startups “organizing the offline…
Oct 4, 2023
Stitch raises US$25M Series A extension led by Ribbit Capital, increasing the round’s total to US$46M
South African fintech Stitch, which has built an “end-to-end payments solution…
Oct 4, 2023
Kua Ventures invests over US$1m in 20 Kenyan SMEs
Kenya-based impact investment firm Kua Ventures has invested more than…
Sep 28, 2023
Pan-African contrarian investor P1 Ventures reaches $25M first close for its second fund
Pan-African venture capital firm P1 Ventures has reached the first close of…
Sep 28, 2023
QED and Partech back South African payment orchestration platform Revio in $5.2M seed
South African payments orchestration platform, Revio, has raised US$5.2 millio…
Sep 28, 2023
Ghana’s Complete Farmer, which connects farmers to global food buyers, raises $10.4M
Ghanaian agritech – Complete Farmer has raised a recently concluded $10.4…
Sep 20, 2023
IFC leads $5M extension round in Ivorian SaaS e-commerce platform ANKA
ANKA, an Ivorian SaaS e-commerce platform for African businesses, has rais…
Sep 20, 2023
Kenyan fintech FlexPay is helping shoppers save for future purchases
FlexPay Technologies is a Kenyan fintech out to enable consumers to afford prod…
Sep 20, 2023
How Nigeria’s IAPrecision is using drone, data tech to make agriculture more efficient
IAPrecision is a first-of-its-kind agricultural industry-focused drone tech…
Sep 13, 2023
Smile ID launches Smile Links, a no-code tool for next-gen identity verification
Smile ID, a leading provider of biometric identity verification solutions, has toda…
Sep 13, 2023
Base Ecosystem Fund, Hashed Emergent invest US$1.9M in Nestcoin to scale its Onboard product
Nestcoin, a development company housing modern finance project onboa…
Sep 13, 2023
LocalGlobe and Pronomos Capital back Itana to pave the way for Africa’s first digital free zone
Talent City, now known as Itana, has raised a $2 million pre-seed, money it…
Sep 7, 2023
Kotani gets $2M pre-seed to help African workers send money home via crypto — without the internet
Nairobi-based Kotani Pay is a crypto payments startup with a vision to make…
Sep 7, 2023
Nigerian embedded finance platform Anchor raises $2.4M to expand product offerings
Anchor, a Nigerian banking-as-a-service (BaaS) provider, has raised $2.4 million…
Sep 7, 2023
Visa partners banks and fintechs in Kenya to launch contactless payments
Visa is working with local banks and fintech companies in Kenya to launch…
Aug 30, 2023
How SA’s FinMeUp is bridging gap between financial education and execution
South African personal finance companion FinMeUp is bridging the gap…
Aug 30, 2023
Nigeria’s SeerBit launches new platform allowing businesses to launch fintech solutions
Nigeria’s SeerBit, a pan-African payment solutions provider, has launched Alpha…
Aug 30, 2023
How Tanzania’s Safiri is bringing African transport operators into the digital age
Tanzanian startup Safiri has created the digital infrastructure that enables trans…
Aug 23, 2023
Nigeria’s Moniepoint cleared to acquire Kenyan fintech Kopo Kopo
The competition regulator in Kenya has given Moniepoint Inc. the green light to…
Aug 23, 2023
Zanifu raises $11.2M to scale its inventory financing offering in Kenya
Zanifu, a Kenyan fintech providing inventory financing to micro, small and…
Aug 23, 2023
Mastercard to purchase a minority stake in MTN’s US$5.2B fintech business
Mastercard has agreed to purchase a minority stake in the fintech division…
Aug 16, 2023
Nigerian mobility fintech Moove announces US$76m new funding to fuel growth
Nigeria’s mobility fintech company Moove, Uber’s largest vehicle suppl…
Aug 16, 2023
Founders Factory Africa raises US$114m funding from Mastercard Foundation, Johnson & Johnson
Founders Factory Africa has secured an additional US$114 million in funding from…
Aug 16, 2023
South African VC Knife Capital closes $50M Series B fund for startups with high exit potential
South African growth-stage investor Knife Capital has reached the final close of its…
Aug 9, 2023
Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint
Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitising the…
Aug 9, 2023
AWS launches 4th round of funding for underrepresented founders in SA
South African startups have been invited to apply for up to ZAR7.5million (US$400…
Aug 9, 2023
Terragon’s $9M raise gives credence to the market maturity in Africa’s cloud and martech space
Africa’s foremost data and marketing technology company, which converts…
Aug 2, 2023
Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up
Traction, a Nigeria-based merchant solution platform today announced a…
Aug 2, 2023
Nigeria’s Remedial Health raises $12m to deliver financial services for neighbourhood pharmacies
Remedial Health, a Nigerian startup digitizing pharmacies and bringing…
Aug 2, 2023
Smile Identity announces rebrand as Smile ID & new product updates
Today, Africa’s leading provider of identity verification solutions, Smile…
Jul 26, 2023
Kenya’s Kyosk is a digital distribution platform for small retail outlets, farmers
Kenyan startup Kyosk has developed a digital-first, data-led distribution…
Jul 26, 2023
Rwandan digital health access startup Kasha raises $21m Series B to expand across Africa
Rwandan startup Kasha, a digital platform for last mile access to health…
Jul 26, 2023
Nigeria’s MyCover.ai to scale its open insurance API platform with new funding
Nigerian Insurtech Startup, MyCover.ai, is announcing today that it has raised…
Jul 19, 2023
Addition leads $6M seed round in Egyptian fintech Flash
Flash, an Egyptian fintech, which provides cashless payment solutions for consum…
Jul 19, 2023
How Kenya’s Tappi is helping SMEs build an online identity in minutes
Kenyan startup Tappi is helping SMEs build their online identity in less than…
Jul 19, 2023
Nigerian mobility fintech Moove closes $8m to expand vehicle fleet in Ghana
Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply…
Jul 12, 2023
Zambia’s Union54 launches chat, payments platform in partnership with Mastercard
Zambia’s Union54, a leading provider of innovative digital financial solutions, has…
Jul 12, 2023
HR tech startup Propel wants to power the open talent economy via tech communities
Propel, a Lagos- and Berlin-based startup that wants to build sustainable talent…
Jul 12, 2023
Kenya’s MyDawa aims to be an all-in-one health platform backed by $20 million funding
Kenyan e-health startup MyDawa has raised $20 million from private equity…
Jul 5, 2023
Nigerian invoice financing startup Zuvy raises $4.5m funding round
Nigerian startup Zuvy, an invoice financing and software company, has…
Jul 5, 2023
Moroccan B2B e-commerce startup Chari banks $1.5m funding from VKAV
Chari, a Morocco-based B2B e-commerce startup with embedded financing for…
Jul 5, 2023
ShopZetu raises pre-seed funding to fuel growth of its fashion marketplace beyond Kenya
Kenyan fashion e-commerce startup ShopZetu is set to add beauty and home…
Jun 28, 2023
Egypt’s TFK acquires Opio to form MENA region’s first fashion aggregator
The Fashion Kingdom (TFK), the leading curated fashion marketplace in Egypt…
Jun 28, 2023
Plastic upcycling startup Kubik closes USD$3.34M seed to scale production in Ethiopia
Kubik, an upcycling startup with operations in Kenya and Ethiopia, has…
Jun 28, 2023
Tunisian expense management company Expensya to be acquired by Swedish firm
Tunisia-founded expense management software company Expensya is to be…
Jun 14, 2023
Terragon’s new solution to transform consumer experience in financial services
By combining its Customer Data Platform (CDP) and Communications Platform…
Jun 14, 2023
How Nigeria’s Creditchek is verifying the creditworthiness of African consumers
Nigerian fintech startup Creditchek is helping lenders mitigate credit risks…
Jun 14, 2023
Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki
Helium Health, the African startup that provides software-as-a-service tools…
Jun 7, 2023
Uganda’s Zofi Cash raises $1m pre-seed funding to help it scale
Ugandan fintech startup Zofi Cash has secured US$1 million in pre-seed funding…
Jun 7, 2023
How Nigeria’s Earnipay is helping income-earners gain on-demand salary access
Nigerian fintech startup Earnipay, which provides flexible and on-demand salary…
May 31, 2023
How Kenya’s Chumz is helping users save and invest from their mobile money accounts
Kenyan startup Chumz has built a goal-based mobile app that helps users save…
May 31, 2023
How Kenya’s GoBEBA is reimagining Africa’s utilities supply chain
Kenyan startup GoBEBA says it is reimagining Africa’s utilities supply…
May 31, 2023
Brazilian fintech EBANX plans to serve 11 African markets by the end of the year
Brazilian fintech company Ebanx S.A. has disclosed plans to operate in 11 African…
May 24, 2023
SA’s Tyme raises $77.8m to fuel global expansion
South Africa’s Tyme, one of the fastest growing digital banking groups in the…
May 24, 2023
How Ethiopia’s JEMLA helps informal retailers access FMCG products
Ethiopia’s JEMLA is a B2B e-commerce wholesale platform that is helping…
May 24, 2023
Partech hits first close of largest Africa-focused fund, at €245M
Partech, the global VC firm with several funds, has reached first close of Partech…
May 24, 2023
M-KOPA snaps up $250M+ debt, equity for its asset financing platform
M-KOPA, the asset financing platform that offers underbanked African…
May 17, 2023
Nigeria’s fitted is using machine learning to make the tailoring industry more efficient
Nigerian startup fitted has developed a digital platform that uses machine…
May 17, 2023
SA e-health startup Quro Medical raises $1.3m funding from Mineworkers Investment Company
South African e-health startup Quro Medical has raised ZAR25 million…
May 10, 2023
How Nigeria’s Towntalk is building a data infrastructure for risk protection solutions
Nigeria’s Towntalk has built a data infrastructure that leverages…
May 10, 2023
Kenya’s Fingo partners Ecobank to launch financial services app
Kenyan startup Fingo has partnered Ecobank to launch a new app aimed at…
May 10, 2023
African payment service provider Nomba raises $30M, backed by Base10 Partners and Shopify
Nigerian payment service provider Nomba has raised $30 million in a pre…
May 3, 2023
Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services
Smile Identity, a KYC compliance and ID verification partner for many African…
May 3, 2023
Kenyan women-only taxi service An Nisa plots Saudi expansion after huge growth
Kenyan women-only taxi service An Nisa is planning expansion to Saudi Arabia…
May 3, 2023
Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services
Smile Identity, a KYC compliance and ID verification partner for many African…
Apr 26, 2023
SA rewards app Maholla raises $1.5m seed funding to help it scale
South African startup Maholla, a viral consumer reward’s app, has concluded…
Apr 26, 2023
How Nigeria’s Peppa makes it safer to shop socially online in Africa
Nigerian startup Peppa is making it safer to shop online in Africa, with a focus on…
Apr 26, 2023
Nigeria’s Alajo is an escrowed digital piggy bank for the underserved
Nigerian startup Alajo is an escrowed digital piggy bank for the under- and…
Apr 19, 2023
African climate startups set to gain ground as VC funding shifts their way
Venture capital activity around climate tech has been heating up in Africa des…
Apr 19, 2023
Nigeria’s Autochek acquires majority stake in Egypt’s AutoTager to strengthen pan-African footprint
Nigeria’s Autochek, an auto-tech company making car ownership more…
Apr 19, 2023
Kenyan agritech Victory Farms raises $35 million Series B
Victory Farms, a Kenya-based aquaculture startup, has raised $35 mill…
Apr 12, 2023
Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa
Last month, pan-African venture capital firm Verod-Kepple Africa Partners…
Apr 12, 2023
Fonbnk and Tanda team up to bring innovative DeFi applications to Africa
Kenyan web3 platform Fonbnk has partnered with Tanda to launch a first…
Apr 12, 2023
Equator secures $40M in commitments for fund targeting climate tech startups in Africa
Equator, a climate tech venture capital firm focused on sub-Saharan Africa…
Apr 5, 2023
DFC invests $25M in Novastar’s Africa People + Planet Fund
The U.S International Development Finance Corporation (DFC) has made…
Apr 5, 2023
Shuttlers raises $4M to fuel its shared mobility solution across Nigeria
Shuttlers, a Nigerian shared mobility company that allows individual and…
Apr 5, 2023
Payday wants to power the future of work for Africa with $3M seed led by Moniepoint Inc
Payday, a neobank issuing global (USD, EUR & GBP) accounts to Africans, has…
Mar 29, 2023
Rwazi to scale its market intelligence platform backed by $4 million seed funding
To save brands from entering emerging markets blindly, Rwazi, a market…
Mar 29, 2023
Google removes hundreds of Kenya-focused loan apps from Play Store
Google has taken down hundreds of loan apps from the Play Store in Kenya since…
Mar 29, 2023
How Peppa is making Africa’s $9Bn social commerce market safe
Social commerce has taken the African commercial landscape by storm recent…
Mar 22, 2023
Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding
Credable, an embedded finance platform that provides its clients with the tech…
Mar 22, 2023
Egyptian ed-tech startup Almentor raises $10m funding to accelerate growth
Egypt’s Almentor, the leading online video learning platform in Arabic, has raised…
Mar 22, 2023
Naspers shuts down Foundry, its $100M fund focused on South African startups
Naspers, Africa’s most valuable tech company by market capitalization…
Mar 15, 2023
Flat6Labs launches $95m VC fund to expand impact in AfricaFlat6Labs launches $95m VC fund to expand impact in Africa
MENA-focused seed investor Flat6Labs has announced the launch of a new…
Mar 15, 2023
Nigerian credit-led fintech FairMoney acquires PayForce in retail-merchant banking play
Nigerian credit-led digital banking platform FairMoney has acquired…
Mar 15, 2023
Egyptian fintech startup Copal partners Mastercard to launch family payments mobile app
Egyptian fintech startup Copal has partnered Mastercard to launch a family…
Mar 8, 2023
Nigeria’s Tabulio is a social network for African tech talent
Nigerian startup Tabulio has developed a social network aimed at connecting…
Mar 8, 2023
How Rwanda’s DoctorAI uses artificial intelligence to improve healthcare outcomes
Rwandan startup, DoctorAI is using artificial intelligence (AI) to help…
Mar 8, 2023
South African car subscription service Planet42 raises $100M equity, debt
Planet42, a South Africa-based car subscription company that buys used…
Mar 1, 2023
Senegal’s Yoonema connects sellers to buyers via SEO-ready marketplace
Funded in 2019, Senegalese e-commerce startup Yoonema is an SEO-ready plat…
Mar 1, 2023
African watchdog forces Jumia to review its terms in push to protect consumers
Africa’s largest e-commerce site Jumia has amended its terms and conditions…
Mar 1, 2023
Only 20% of funded African tech startups had a female founder in 2022
African tech’s gender problem is only getting worse, with just 20.2 per cent of…
Feb 22, 2023
Co-Creation Hub’s edtech accelerator puts $15M towards African startups
Africa’s largest innovation hub Co-Creation Hub (CcHUB) is launching…
Feb 22, 2023
YC-backed HR-payroll provider Workpay raises $2.7M to scale in Africa
Workpay, a Kenyan HR payroll startup will soon roll out its services in 40 countr…
Feb 22, 2023
Africa’s smartphone market shrunk by 18% last year
Africa’s smartphone market shrunk by 18% in 2022 compared to the previous…
Feb 15, 2023
Morocco’s food tech Terraa raises $1.5M led by FoodLabs
Terraa, a Moroccan B2B tech-enabled food distribution platform, has raised…
Feb 15, 2023
Cleantech Qotto embarks on growth plan backed by $8M funding
Qotto, a solar kits provider with operations in Burkina Faso and Benin…
Feb 15, 2023
Partech hits first close of largest Africa-focused fund, at €245M
Partech, the global VC firm with several funds, has reached first close of Partech…
Feb 8, 2023
Nigerian Government to train 250,000 persons on data privacy, protection
The Nigeria Data Protection Bureau, NDPB, says it will be training no fewer…
Feb 8, 2023
Elon Musk’s Starlink now active in Nigeria — first country in Africa
Starlink, a satellite internet service owned by Elon Musk, is now available for custo…
Feb 8, 2023
Egyptian financial services provider MNT-Halan valued at $1B in $400M funding
Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to…
Feb 1, 2023
InstaDeep’s acquisition is a classic case of an African startup gone global
This January, Germany’s largest vaccine maker BioNTech announced that it had…
Feb 1, 2023
Google to ban unlicensed loan apps in Kenya as new rules take effect
Google’s new policy requiring digital lenders in Kenya to submit proof of lice…
Feb 1, 2023
How Kenya’s Zemo helps SMEs to better manage employee expenses
Kenyan startup Zemo is a financial management solution for growing…
Jan 25, 2023
Why international DFIs are looking to African startups to scale impact investing efforts
Even as VC funding dries up across the world, development finance institutions…
Jan 25, 2023
SA gaming startup Carry1st raises $27m for product expansion
South African mobile gaming startup Carry1st has raised a US$27 million…
Jan 25, 2023
South Africa’s Flow gets funding to automate social media advertising for real estate agencies
South African startup Flow is announcing that it has raised $4.5 million in pre…
Jan 18, 2023
Kenya’s Xetova exploring market data gaps in Africa to boost trade insight access
Xetova, a Kenyan startup, is deploying technologies that make information…
Jan 18, 2023
Nigeria’s Arterti helps African healthcare SMEs access multiple finance options
Nigerian fintech startup Arteri is helping African healthcare SMEs access multip…
Jan 18, 2023
Tanzanian fintech startup NALA launches in EU, adding 19 new send countries
Tanzanian fintech startup NALA has officially launched in the European Uni…
Jan 11, 2023
Meta’s main content moderation partner in Africa shuts down operations
Meta’s main subcontractor for content moderation in Africa, Sama, announced…
Jan 11, 2023
Tunisia-founded AI startup InstaDeep acquired in $684m deal
Tunisia-founded enterprise artificial intelligence (AI) startup InstaDeep has…
Jan 11, 2023
Senegalese startup Kwely launches “Made in Africa” marketplace
Senegal-based startup Kwely has launched the minimum viable product…
Jan 04, 2023
Egyptian B2B fresh produce platform Mahaseel Masr raises funding to scale
Egypt’s Mahaseel Masr, a regional B2B fresh produce digital platform, has sec…
Jan 04, 2023
How Nigeria’s Raenest helps freelancers get paid faster
Nigerian startup Raenest is helping remote workers and freelancers…
Jan 04, 2023
Qualcomm announces Africa Innovation Platform to support tech startups
Leading global wireless technology firm Qualcomm has launched its African…
Dec 21, 2022