Terragon Group

Data and Martech news from Africa

In partnership with CDP Institute. Explore our Data and Martech news from all around Africa.

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

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

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

How Kenya’s Zemo helps SMEs to better manage employee expenses

Kenyan startup Zemo is a financial management solution for growing…

Jan 25, 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

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

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

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

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

Senegalese startup Kwely launches “Made in Africa” marketplace

Senegal-based startup Kwely has launched the minimum viable product…

Jan 04, 2023

Meta sued by Ethiopians and Kenyan rights group for fueling Tigray War

A lawsuit against Facebook’s parent company Meta has been filed in Kenya’s…

Dec 21, 2022

Sun King, a provider of solar energy products in Africa and Asia, expands Series D to $330M

Sun King, a provider of off-grid solar energy products in Africa and Asia, has…

Dec 21, 2022

Qualcomm announces Africa Innovation Platform to support tech startups

Leading global wireless technology firm Qualcomm has launched its African…

Dec 21, 2022

SA’s Finclusion Group adds $2m funding, rebrands

South African company Finclusion Group, which is building Africa’s first credit-led…

Dec 14, 2022

Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform

Taeillo, a Lagos-based startup innovating around the issues relating to time…

Dec 14, 2022

Zeraki, a Kenyan edtech providing digital solutions for school admin, raises $1.8M

Zeraki, a Kenyan edtech that has built digital learning and school data…

Dec 14, 2022

SA data automation startup Synatic raises $2.5m seed extension round

South African data automation startup Synatic has raised a US$2.5 million seed…

Dec 08, 2022

Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

Kapu, a social commerce startup coming out of stealth today having raised…

Dec 08, 2022

Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies

Lagos-headquartered venture capital firm Future Africa is teaming up with TLG…

Dec 08, 2022

Early-stage Africa-focused VC LoftyInc closes oversubscribed $14.3m fund

LoftyInc Capital Management, an early-stage African-focused venture capital…

Nov 30, 2022

South Africa’s Revio allows businesses to connect to multiple payment methods and reduce failures

Revio, a South African API payment and collections company, which makes it…

Nov 30, 2022

Orda raises millions to digitize African restaurants with its cloud-based operating system

Orda, a Nigerian food tech platform that provides a cloud-based restaurant…

Nov 30, 2022

Twitter Africa employees accuse Elon Musk of discrimination over severance terms

Laid-off employees at Twitter’s Africa headquarters are accusing Twitter of…

Nov 23, 2022

Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last…

Nov 23, 2022

FTX processed billions monthly in Africa before going bust

On November 14, Nestcoin, one of the startups leading crypto and web3 effort…

Nov 23, 2022

Kenya’s BasiGo raises $6.6m funding to begin commercial delivery of electric buses

Kenyan startup BasiGo has raised US$6.6 million in new seed funding to begin…

Nov 16, 2022

IFC launches $225M platform to back early-stage startups in Africa, Central Asia, Middle East

The International Finance Corporation (IFC) has today launched a $225 million…

Nov 16, 2022

Modus expands to sub-Saharan Africa with the launch of its AI and blockchain-focused $75M fund

New York-based venture platform Modus has launched Modus Africa, a venture…

Nov 16, 2022

Nigeria’s Kuda takes digital banking play to the U.K. with its remittance product

Kuda, the London-based and Nigerian-operating startup taking on incumbents…

Nov 09, 2022

Egyptian fintech startup Paymob begins expansion into UAE

Egyptian fintech startup Paymob, the leading omnichannel payments…

Nov 09, 2022

Algerian super app Yassir raises $150m Series B funding

Yassir, an African super app platform that offers on-demand services such as ride…

Nov 09, 2022

Amazon Web Services picks Lagos, Nigeria for its second African office

Amazon Web Services (AWS) has announced the opening of its second…

Nov 02, 2022

Egyptian fintech startup MoneyFellows raises $31m in Series B first closing

Egyptian fintech startup MoneyFellows has announced the first close of its…

Nov 02, 2022

Satgana closes €30 million fund to support African climate tech startups

Satgana, a European venture capital (VC) firm headquartered in Luxembourg…

Nov 02, 2022

Egyptian mass e-commerce startup Kenzz raises $3.5m seed funding round

Egyptian mass e-commerce startup Kenzz has raised a US$3.5 million seed…

Oct 26, 2022

How Nigeria’s Lazerpay uses stablecoins to help businesses get paid

Nigerian startup Lazerpay has built a blockchain-powered solution that…

Oct 26, 2022

Nigerian mobility fintech startup Moove raises $16.8m financing facility to scale UK operations

Nigeria-based mobility fintech startup Moove, Uber’s largest vehicle supply…

Oct 26, 2022

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

Despite raising $55 million Series A in 2021, MaxAB, the food and grocery …

Oct 19, 2022

Nigerian retail automation platform Bumpa raises $4M, led by Base10 Partners

Bumpa, a Nigerian startup building the infrastructure to power online comme…

Oct 19, 2022

How Viebeg Technologies is Using Artificial Intelligence to Improve Rwandan Healthcare

Viebeg Technologies, a Health Tech company, backed by venture capital…

Oct 11, 2022

Purple Elephant Ventures, Kenya’s tourism-focused startup studio, raises $1M pre-seed funding

A Kenya-based venture studio with a focus on tourism, Purple Elephant Ven…

Oct 11, 2022

Google picks South Africa for its first cloud region in Africa

Tech giant Google has today announced the launch of a cloud region in South Afr…

Oct 11, 2022

iiDENTIFii, a South African biometrics tech firm raises USD 15 million

iiDENTIFii, the South African-based innovative biometrics tech firm, has…

Oct 05, 2022

Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

After announcing a a pre-seed investment of $625,000 in March, and becoming…

Oct 05, 2022

Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M

Egyptian and MENA-focused venture capital firm Algebra Ventures has…

Oct 05, 2022

African restaurant management startup Vendease secures $30m Series A round, led by Partech Africa and TLcom

Nigerian startup Vendease, a digital platform that allows restaurants in…

Sep 28, 2022

Ghanaian agtech Farmerline raises $1.5M from Dutch investor Oikocredit

Ghanaian agtech Farmerline has secured $1.5 million equity funding from Dutch…

Sep 28, 2022

Pan-African crypto exchange Yellow Card secures $40m Series B funding round

Pan-African cryptocurrency exchange Yellow Card Financial has announced…

Sep 28, 2022

Ghanaian fintech SecondSTAX allows investors to access capital markets outside their countries, raises $1.6M

Secondary Securities Trading and Aggregation eXchange (SecondSTAX)…

Sep 21, 2022

Janngo Capital announces $34m 1st close of $60m Africa-focused tech fund

Janngo Capital has announced the first close of its second fund at EUR34 million…

Sep 21, 2022

Nigeria’s YC-backed Remedial Health raises $4.4M seed funding to provide phamarcies with access to credit

Nigerian startup Remedial Health, which develops solutions to make Africa’s…

Sep 21, 2022

Ghanaian fintech SecondSTAX allows investors to access capital markets outside their countries, raises $1.6M

Secondary Securities Trading and Aggregation eXchange (SecondSTAX)…

Sep 21, 2022

British International Investment plans to invest $100m in Egyptian startups

The UK government’s development finance institution (DFI) British…

Sep 15, 2022

Nigerian financial management app for merchants Kippa bags $8.4M in new funding

EKippa, the Nigerian startup improving the lifecycle of small businesses…

Sep 15, 2022

Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

This February, Africa and emerging market-focused Nestcoin raised…

Sep 7, 2022

Nigerian banking-as-a-service startup Anchor raises $1m pre-seed round

Nigeria’s Anchor, a banking-as-a-service (BaaS) platform making it possible…

Sep 7, 2022

Egyptian mobile commerce startup Sharwa raises $2m seed round

Egyptian startup Sharwa has raised a US$2 million seed funding round as it…

Sep 7, 2022

Kenya’s Lori Systems secures Google funding to help expand digital transport management across Africa

The Nairobi-based Lori Systems, an e-logistics company digitising haulage…

Aug 17, 2022

Pastel, a Nigerian bookkeeping and digital platform for merchants, raises $5.5M led by TLcom

Pastel, a startup that provides software and apps to assist retailers with…

Aug 17, 2022

Egyptian marketing startup Convertedin raises $3m seed round

Egyptian startup Convertedin, a marketing operating system for…

Aug 17, 2022

Bluechip, an African systems integrator with partners like Microsoft and Oracle, is expanding to Europe

Bluechip Technologies, an African enterprise company that partners…

Aug 10, 2022

Amazon Prime Video launches local service in Nigeria

Amazon Prime Video has announced the launch of the localized version of..

Aug 10, 2022

Beacon Power Services raises $2.7M to improve electricity access for sub-Saharan African cities

Beacon Power Services (BPS, and energy tech company, which provides data…

Aug 10, 2022

Bluechip, an African systems integrator with partners like Microsoft and Oracle, is expanding to Europe

Bluechip Technologies, an African enterprise company that partners…

Aug 10, 2022

Egyptian marketing tech startup Stllr Network closes 6-figure funding round

Egyptian marketing tech start Stllr Network has closed a six-figure US…

July 27, 2022

Nigerian recruitment startup Terawork launches app to help employers hire on the go

Nigerian recruitment startup Terawork has launched IOS and Android mobile…

July 27, 2022

Cassava Technologies has announced a $50 million strategic investment from C5 Capital

Africa’s first integrated tech company on a continental scale, Cassava Tech…

July 20, 2022

AfricInvest and Cathay Innovation reach final close of Pan-African fund at €110M

Cathay AfricInvest Innovation Fund (CAIF), a Pan-African fund launched via…

July 20, 2022

IFC invests in Wave, a mobile money company, to increase access to digital financial services in West Africa

IFC, a global development organization, has announced an investment in Wave…

July 20, 2022

Huawei plans to invest $6 million in South African SMEs in the next 3 years

Huawei South Africa has announced its $5.8 million (R100-million) Cloud Spark…

July 13, 2022

Senegalese-US fintech Wave secures €90 million syndicated loan from IFC and others

Senegalese-US fintech Wave has secured a €90 million syndicated loan from the…

July 13, 2022

SA fintech startup Sava closes $1.8m pre-seed funding round

South African fintech startup Sava has announced a US$1.8 million pre-seed…

July 5, 2022

Africa-focused VC firm TLcom Capital expands into pre-seed, North Africa

Africa-focused VC firm TLcom Capital has expanded its deal flow generation into…

July 5, 2022

Nigerian at-home lab testing startup HealthTracka has raised US$1.5 million…

June 29, 2022

Kenyan money transfer startup Kyanda expands to SA

Kenyan fintech startup Kyanda, a money transfer app that aims to help users…

June 29, 2022

Nigerian Investtech startup GetEquity expands to Kenya

GetEquity, a fundraising and venture portfolio management company that…

June 29, 2022

Nigerian ed-tech startup Stranerd launches P2P learning platform

Nigerian startup Stranerd has launched a peer-to-peer learning platform where…

January 4, 2022

Nigerian e-health start-up Field Intelligence, which is digitising the…

January 4, 2022

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…

January 4, 2022

SA car subscription startup Planet42 raises $30m funding to drive international expansion

South African car subscription startup Planet42 has raised US$30 million in…

December 21, 2021

Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and…

December 21, 2021

Nigerian vehicle subscription startup MAX raises $31m Series B round

Nigeria’s Metro Africa Xpress (MAX), a vehicle subscription platform for…

December 21, 2021

Nigerian ed-tech startup uLesson has secured US$15 million in Series B funding…

December 14, 2021

4DX Ventures closes second fund with $60M

Pan-African venture capital firm 4DX Ventures has completed the final close…

December 14, 2022

Somalia’s Ogow Health is improving care paths and serving thousands of patients through data and tech

Somalian e-health startup ogow health is improving care paths, access to patient…

December 14, 2021