Terragon Group

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