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In Partnership with CDP Institute
May 11th,2022
Nigeria’s Vendly launches to allow users to make payments via social media
Nigerian startup Vendly has launched a platform that allows users to send and receive money using just their social media handles. Read More.
Kenyan startup launches AI-based shop assistant system
Kenyan startup Phindor has launched a next generation shop assistant system that employs artificial intelligence (AI) to help local businesses digitise record management, data collection and storage. Read More
Identitypass, an identity verification API for Africa, raises $2.8M seed funding
Identitypass has announced that it has raised $2.8 million in seed funding, months after graduating from Y Combinator. The round also comes a few months after the startup raised $360,000 in pre-seed investment last November, bringing its total funding to $3.1 million. Read More.
May 4th,2022
Kenyan startup launches AI-based shop assistant system
Kenyan startup, Phindor has launched a next generation shop assistant system that employs artificial intelligence (AI) to help local businesses digitize record management, data collection and storage. Read More.
South African ed-tech startup Mindjoy is making coding more accessible for kids
Cape Town-based ed-tech startup Mindjoy aims to make coding skills accessible for kids – and grownups – on any internet-enabled device. Making use of Replit, a browser-based development environment that doesn’t require specific hardware or software, Mindjoy provides live, small-group, virtual coding classes to kids aged eight or above. Read More.
South African VC firm HAVAÍC completes final close of $20m fund for early-stage tech investments across Africa
South Africa-based VC firm HAVAÍC has announced the third and final close of the HAVAÍC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology companies in South, East, and West Africa. Read More.
April 27th 2022
Egyptian e-commerce startup Kemitt launches B2B platform
Egyptian e-commerce startup Kemitt has launched a new B2B platform as it diversifies its offering after strong growth in the B2C segment. Kemitt is a marketplace that connects product and furniture designers with consumers, handling the manufacturing, overheads, and last-mile logistics. Read More
Nigeria’s Kudi becomes Nomba as it transitions into omni-channel payments platform
Nigerian fintech startup Kudi has changed its name to Nomba as it transitions into an omni-channel payment platform providing tools to enable businesses to grow. Read More.
April 20th 2022
This Kenyan startup is using AI-enabled imaging to facilitate real-time diagnosis
Kenyan startup Neural Labs is using AI-enabled medical imaging to facilitate real-time diagnosis of various respiratory, heart, and breast diseases and pathologies. Read More.
SA POS solutions provider TallOrder targeting expansion to Europe, US post-funding
South African startup TallOrder, a developer of advanced cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, is working on an expansion to Europe and the United States (US) after banking US$3.1 million in funding in January. Read More.
Kenyan AI-powered conversational e-commerce startup Elloe raises $1m pre-seed round
Kenya’s Elloe, a conversational e-commerce startup, has raised US$1 million in pre-seed capital as it bids to expand across emerging markets. Read More.
April 13th 2022
YC-based Egyptian infrastructure management startup Pylon banks $19m seed funding round
Egyptian startup Pylon, an infrastructure management platform aimed at transforming electricity and water companies in emerging markets, has raised a US$19 million seed funding round to accelerate its expansion, including into new markets. Read More
SA POS solutions provider TallOrder targeting expansion to Europe, US post-funding
South African startup TallOrder, a developer of advanced cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, is working on an expansion to Europe and the United States (US) after banking US$3.1 million in funding in January. Read More
How Kenya’s Wowzi is helping creators monetize their social profiles
Kenyan startup Wowzi has developed an online marketplace that “democratizes influence”, connecting everyday social media users with big brands, and enabling nano and micro creators to earn money by spreading brand messages via social media. Read More.
April 6th 2022
Visa unveils first innovation hub in Africa to drive product development
Global digital payments giant Visa has opened an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco, and Singapore. The studio will bring together developers, Visa’s internal and external clients, and other partners to co-create payment and commerce solutions. Read More.
Kenyan social commerce startup Tushop raises $3m to scale community group-buying
Kenyan social commerce startup Tushop, which enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured US$3 million in pre-seed funding to expand its team and platform, and roll out across Kenya. Read More.
SA HR startup SmartWage raises $2m seed round
South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round to support its vision of transforming Africa’s workforce through digital inclusion, particularly for frontline employees. Read More.
March 30th 2022
Nigeria’s Flutterwave backs UK fintech Dapio in $3.4M round for its contactless payments play
Dapio, the U.K.-based cashless payment solutions provider for businesses, today announced that it has raised $3.4 million to fuel the launch of its “Tap to Pay” solution for Android users in the U.K. and Europe. African payments giant Flutterwave co-led the growth round with Techstars. Daniel Gould, venture partner at Asymmetry Ventures, and PactVC participated. Read More.
Kenya’s Apollo Agriculture raises $40m Series B funding round for international growth
Kenyan startup Apollo Agriculture, a commercial farming platform that helps small-scale farmers maximise their profits, has raised a US$40 million Series B funding round to help it expand internationally and enhance its product. Read More
Morocco’s Al Mada launches $110m pan-African startup investment fund
Morocco’s Al Mada Holding Group has launched a US$110 million pan-African venture capital fund to invest in fast-growing startups across the continent. Al Mada, an investment holding company controlled by the Moroccan royal family, is one of the largest private investment funds in Africa, and its new fund aims to attract innovative investors and take part in the exponentially growing African startup landscape. Read More.
March 23rd 2022
Kenya’s Sokowatch secures $125m Series B, rebrands to Wasoko
Kenyan startup Sokowatch, an e-commerce company leveraging technology to transform the informal retail supply chain, has closed a US$125 million Series B equity round, while also rebranding to Wasoko and launching operations in West Africa.
Launched in 2016, Sokowatch provides free same-day delivery of essential goods and financing to informal retail stores across Africa. The platform enables retailers to order products at any time via SMS or mobile app and receive delivery through its proprietary logistics network to their store. Read More.
Egyptian AI-based healthcare startup DilenyTech acquired by US firm
Egyptian deep technology healthcare startup DilenyTech, which is developing innovative artificial intelligence (AI) solutions for screening and diagnostic radiology workflow, has been acquired by US firm Astute Imaging LLC.
Founded in 2018, DilenyTech aims to revolutionized breast cancer screening and diagnostic workflow by providing innovative AI-based assistance for more accurate detection and expedited reporting. Read More.
Egyptian fitness app Welnes raises $300k seed funding round
Egyptian fitness app Welnes has closed a US$300,000 seed funding round to expand its team and prepare for GCC expansion by 2023.
Launched in 2020 by Amr Saleh and Amr Diab, Welnes is a community app that helps users reach their weight-loss and lifestyle goals by providing them with customized nutrition and workout plans. Read More.
March 16th 2022
Nigerian mobility fintech startup Moove raises $105m Series A2 round to scale globally
Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and Europe over the next six months. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratizing vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs. Read More.
Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock
Kenya-based fintech company 4G Capital, which provides unsecured credit to micro enterprises, has raised $18.5 million in Series C funding from global private equity firm Lightrock.
The equity funding comes as the fintech plans to roll-out a series of new products and services including new loans that will increase the credit limit from $1,000, and allow longer repayment periods from the current maximum of one month. All this is in its plan to expand its clientele base and grow its profits. Read More.
March 9th 2022
How SA’s Wamly is changing the way companies interview for vacant positions
South African startup Wamly is changing the recruitment processes of companies by providing them with one-way video interview software that does away with the need for one-on-one interviews, allowing them to interview more people and better candidates, faster.
Founded in 2018 by Francois de Wet, Wamly allows companies to recruit candidates by sending out a custom link, that will allow the candidates to perform a one-way video interview, just like in real life, but without the need for the employer to be present, allowing the company to interview a lot more people in a shorter space of time. Read More.
Egyptian furniture marketplace Homzmart acquires German tech company
Egyptian startup Homzmart, the Middle East’s leading furniture and home goods marketplace platform, has announced the acquisition of Berlin-based technology company MockUp Studio as it bids to add to its product offering.
MockUp Studio’s technology will allow Homzmart users to visualise their furnished home in minutes. The acquisition means Homzmart will digitise the whole interior design process, starting from an empty room – exploring different layouts, finishings and floorings with different sets of Homzmart’s catalogue assortment – shown as a 360-degree view. Read More
Microsoft announces new initiatives to support 10k African startups over next 5 years
Microsoft, under the remit of its recently established Africa Transformation Office (ATO), has announced a host of new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. Read More.
March 2nd 2022
SA crypto exchange VALR raises $50m Series B to expand across Africa
South African cryptocurrency exchange VALR has raised a US$50 million Series B funding round that values the company at US$240 million and will use the proceeds to expand across the continent.
Launched in 2019, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection of any platform in Africa – seamlessly and securely. It has so far processed over US$7.5 billion in trading volume and serves over 250,000 retail customers and 500 institutional clients from across the world. Read More.
Ivorian healthtech startup Susu has $1M to scale its family-centric insurance product across Africa
As more Africans now suffer from chronic diseases such as diabetes and hypertension, the need for more access to quality healthcare due to the ill-equipped nature of hospitals and lack of insurance, is critical, now more than ever.
Healthtech startups across Africa, such as Ivory Coast- and French-based Susu are stepping up to fill this need. And in a bid to continue providing affordable and accessible healthcare for its customers in Ivory Coast, Senegal and Cameroon, the Ivorian startup is being backed with $1 million in pre-seed funding. Read More.
Kenyan Startup Ziada helps Kenyan informal sector service providers find more jobs
Launched as Kazi in 2017, when the market was quite young, Kenyan startup Ziada returned after hiatus in 2021, and swiftly saw swift uptake of its platform, which helps informal sector service providers access more work opportunities. Read More.
Feburary 24th 2022
SA’s Clickatell closes $91m in Series C funding
The South African global chat commerce leader – Clickatell, which helps businesses to connect, interact and transact with consumers anytime, anywhere, in chat has secured a $91 million Series C round of funding in a new finance round led by Arrowroot Capital, with Kennedy Lewis Investment Management, Endeavor Global and Harvest participating. They will leverage this Series C round of funding in accelerating their product development and expanding their footprint in the United States.
Read More.
Nigeria’s Terragon, launches solution to help 41m Nigerian SMBs with Customer Acquisition and Retention
Africa’s leading Data and Marketing Technology company, Terragon has launched its much-awaited marketing technology platform– TerragonPrime. The platform, which is still in its beta phase, is a realization of a long-time quest and in-house development effort to help Small and medium-sized businesses improve their advertising campaign performance by 50% and acquire customers cost-effectively by leveraging the power of data.
Read more.
Ziada helps Kenyan informal sector service providers find more jobs
Launched in 2017, Ziada is a mobile application that helps service providers in the informal sector find more jobs and grow their businesses by linking them with clients who are actively seeking trusted services, as well as providing business advisory and access to tool/equipment rental.
Read more.
Feburary 16th 2022
Nigeria’s Flutterwave raises $250m Series D funding, valuation triples to over $3bn
Read More.
SA fintech startup Stitch raises $21m Series A round for product, geographic expansion
Read More.
Feburary 9th 2022
Egyptian fintech startup Thndr raises $20m to expand across MENA region
Read More.
SA on-demand startup ParkUpp acquired by Docklands Ventures
Read More.
Feburary 2nd 2022
Egyptian app creation platform SplendApp raises 6-figure pre-seed round
Read More.
Mobility startup Opibus launches first Africa-developed electric bus in Kenya
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Nigerian crypto startup Nestcoin raises $6.45m pre-seed funding round
Read More.
January 26th 2022
Tunisian enterprise AI startup InstaDeep secures $100m Series B funding round
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Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products
Read More.
January 19th 2022
Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange
Read More.
Mobile Commerce – Transforming Africans to global consumers
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Kenyan e-commerce company Copia Global raises $50M to ramp up African expansion
Kenyan B2C e-commerce company Copia Global has raised $50 million in a Series C equity round led by Goodwell Investments.The new financing round welcomed new investors such as Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), and Koa Labs, as well as past investors Lightrock, German development finance institution DEG, and Perivoli Innovations.The round comes three years after Copia’s Series B round of $26 million. According to Crunchbase, the company has raised $53 million. But including its Series C, Copia’s total funding since inception in 2013 now stands at $103 million.
Read More.
January 11th 2021
Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa
SeamlessHR, a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion. The round was led by Pan-African venture capital firm TLcom Capital while new investor Capria Ventures and existing investors Lateral Frontier Ventures, Enza Capital and Ingressive Capital participated.
Read More.
Nigerian rewards startup ThankUCash raises $5.3m seed round for expansion
Nigerian multi-merchant rewards platform ThankUCash has raised US$5.3 million in seed funding as it plans expansion into new markets and further product launches.
Co-founded in 2018 by Simeon Ononobi, Suraj Supekar, Madonna Ononobi and Harshal Gandole, ThankUCash offers cashback on purchases and deals from thousands of merchants, which in turn helps merchants retain customer loyalty, increase revenues, and grow. The startup has recorded over 600,000 users and onboarded over 1,000 stores on its platform, whilst processing more than US$80 million in transaction volume.
Read More.
January 4th 2021
Nigerian fintech, commerce start-up ‘Get It Done Now’ expands to Spain
Nigerian start-up Get It Done Now, a mobile fintech e-commerce platform where a user can access services and get loans and insurance, is expanding to Spain after strong early growth.
Read More.
How this tech start-up has saved the Nigerian government $2m in lossesin 5 years
Nigerian e-health start-up Field Intelligence, which is digitising the supply chain and transforming access to essential, life-saving medicine, claims to have saved the Nigerian government $2 million in losses that would have been attributed to expired medication in the last five years.
Read more.
Nigerian ed-tech startupStranerd launches P2P learning platform
Nigerian startup Stranerd has launched a peer-to-peer learning platform where students can ask and answer homework-related questions, with the service designed to give the smartest students opportunities to offer support to others who may be less skilled in particular subjects.
Read More.
December 21st 2021
Nigerian vehicle subscription startup MAX raises $31m Series B round
Nigeria’s Metro Africa Xpress (MAX), a vehicle subscription platform for low-to-zero emission vehicles, has raised US$31 million in the first close of a Series B funding round, with further closes expected in the next few weeks.
Read More.
Kenyan startup Wowzi raises $3.2m to help creators monetise their social media profiles
Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and seed funding rounds to help it scale its influencer marketing platform across the continent.
Read More.
SA car subscription startup Planet42 raises $30m funding to drive international expansion
South African car subscription startup Planet42 has raised US$30 million in debt and equity funding to drive its international expansion, with its first cars already on the road in Mexico as it aims to provide a total of one million cars worldwide by 2025.
Read More.
December 14th 2021
Somalia’s Ogow Health is improving care paths and serving thousands of patients through data and technology.
Somalian e-health startup ogow health is improving care paths, access to patient data, reporting, and public health information for major interventions such as maternal health and immunisations via app and web based tools now impacting thousands of patients.
ogow health builds digital health solutions empowering and equipping healthcare providers, caregivers and governments in the hardest to reach communities, with its products designed to improve patient access to records, enhance understanding and adherence to healthcare policies, and build patient trust in health systems through innovative and community-centric methods.
Read More.
Nigerian ed-tech startup uLesson secures $15m Series B investment
Nigerian ed-tech startup uLesson has secured US$15 million in Series B funding it will use to add to its team and improve services for its growing community of learners across Africa.
Founded in 2019 by serial entrepreneur Sim Shagaya, uLesson offers live online classes with expert tutors, video lessons and personalised live homework help for primary and secondary school learners online and via its app. uLesson is available in Nigeria, Ghana, Sierra Leone, Liberia, The Gambia, Kenya, Uganda, Rwanda, South Africa, the United States (US) and the United Kingdom (UK).
Read More.
4DX Ventures closes second fund with $60M
Pan-African venture capital firm 4DX Ventures has completed the final close of its second fund at $60 million. The second fund, launched in the first quarter of this year, was expected to close at $50 million, but investor and limited partner (LP) interest saw the fund oversubscribed.
Read More.
Mygarage.africa is digitising how commercial transport vehicles are leased in Nigeria
Mygarage.africa, an online platform is tackling the challenges of leasing public transportation busses in Nigeria by digitising the entire value chain in this market, from the way owners and verified drivers connect, to how the vehicles are maintained and rental fees collected.
Read more.
Nigeria’s Autochek raises $13.1m seed funding round for West Africa expansion
Nigerian auto-tech startup Autochek has raised a US$13.1 million seed funding round to bolster its core auto loan processing platform and deepen its footprint in West Africa. Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, starting with Nigeria and Ghana.
Read More.
October 19th 2021
Sendbox Raises $1.8 Million to Digitise Deliveries For African SMEs
Sendbox, the Nigeria-based e-commerce fulfillment platform for merchants in Africa, has announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments. The new funding will be used to expand the company’s operations in other countries across West Africa, bolster the development of its product range, and hire new talent.
Read more.
Nigeria’s Rent Small Small now the first African Proptech company to join Toronto Techstars Accelerator
Nigerian prop-tech startup Rent Small Small has been accepted to join the latest cohort of the Techstars Toronto accelerator programme, securing US$120,000 in funding and assistance in scaling. Launched in 2018, Rent Small Small is an online platform that allows users to identify homes to rent and pay rent monthly. The startup has so far helped renters save NGN550 million (US$1.3 million) on legal and agency fees and provided over 12,000 monthly stays across 18 locations in Lagos State.
Read More.
Africa’s largest data center under construction in Gauteng, South-Africa
Vantage Data Centers, an American IT company has begun the construction of a new R15bn data center campus. The first phase of the project (80MW) will go online in the third quarter of 2022 and will be based in Waterfall, Gauteng.
Read More.
October 12th 2021
How Nigeria’s Toju is providing alternative credit scoring services for the unbanked
Nigerian fintech startup Toju is providing alternative credit-scoring for the unbanked, having developed a record management platform for local savings clubs, thrift collectors, microfinance institutions and cooperatives.
Read More.
Ghanaian start-up launches football talent identification platform
Ghanaian start-up Kaazi has launched the public beta of its football talent identification and recruitment platform, which will be available to all football players in Africa. Founded in July by Nana Yaw Oppong-Mensah, a former football player, coach and scout, Kaazi is a web-based platform that allows football players to build their own profiles by adding videos and match highlights to showcase their talent directly to scouts and professional football clubs.
Read More.
A journey through the lives of 4 women doing big things in African tech
As male-dominated as the African tech space is, however, some women are making their mark, serving as a source of encouragement for more women to dive in. To celebrate this year’s International Day for the Girl Child, Techpoint Africa showcases 4 tech women doing big things in African Tech; their work, life and how they’re navigating a male-dominated ecosystem.
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OOOOO Partners With myFanPark to Bring Live Video Commerce to South Africa
OOOOO Entertainment Commerce Limited, a mobile commerce platform, is pleased to announce its most recent partnership with myFanPark Inc, to launch interactive, live online shopping in South Africa in 2022.
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Kenyan HR startup WorkPay expands into Nigeria
Kenyan startup WorkPay, which builds human resources (HR) and payroll solutions for Africa, has expanded into Nigeria. Originally called TozzaPlus until it rebranded in 2019, WorkPay is a cloud-based human resources management and payroll solution for small and medium-sized businesses (SMBs) in Africa. The startup’s time tracking and salary disbursement tools help African businesses save money and time by eliminating ghost workers from their payroll and inefficiencies associated with cash payments.
Read More.
Kenya’s Twiga raises $50m Series C round to expand across Africa
Kenyan B2B e-commerce platform Twiga has raised a US$50 million Series C funding round to help it scale its affordable food solutions across Africa. Founded in 2014, Twiga is a B2B food distribution company that builds fair and reliable markets for agricultural producers and retailers through transparency, efficiency and technology.
Read More.
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