Funding
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1.9K10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase
Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts,...
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1.4KIFC invests $20 million in Africa50 Fund to support sustainable infrastructure development in Africa
To support sustainable infrastructure development across Africa, IFC has announced a $20 million equity investment in the Africa50 Infrastructure Acceleration Fund (IAF Fund),...
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1.3KEIB Global announces $30 million investment in Seedstars Africa Ventures I, a VC fund for African entrepreneurs
Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equity investment by EIB...
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1.4KOctavia Carbon Raises Capital to Advance Carbon Capture Technology
Octavia Carbon, based in Kenya, has secured investment to advance its Direct Air Capture (DAC) technology, focusing on CO2 extraction from the...
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1.5KEV startup BasiGo secures $5m debt facility to scale local production
BasiGo, the Kenyan electric vehicle manufacturer has secured $5 million in debt funding from the British International Investment (BII), the UK’s development...
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1.7Ktappi Raises $1.5M to digitize and build online trust for African SMEs
tappi, an end-to-end digital commerce SaaS solution tailored for small and medium-sized businesses, has raised $1.5M in an oversubscribed Pre-Seed round led...
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1.5KMNT-Halan Closes $130 Million Securitization
MNT-Halan, Egypt’s first unicorn and fastest growing fintech, announced today that it has closed five tranches of securitized bond issuances through its microfinance and...
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1.7KBritish International Investment Commits US$26.5M to AFEX to Address Food Security
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities...
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1.9KUntapped Global, Secures US$3 Million From E3 Capital to Scale its Real-Time Data Platform and Accelerate Adoption of Climate Smart Solutions in Africa
Untapped Global, a revenue-based asset financing platform, successfully secured US$3 million in seed funding led by E3 Capital. The investment from E3...
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1.6KNurturing Kenya’s Cleantech Innovation with Japan: JICA’s Project NINJA reveals 5 startups
Adding to the 60th anniversary of diplomatic relations between Japan and Kenya comes a milestone for the Japan International Cooperation Agency (JICA) in...
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4.2KNestcoin raises a $1.9M strategic round to Fuel Onboard Wallet’s Growth
Nestcoin has successfully raised $1.9M in a strategic funding round led by Hashed Emergent, with participation from a global consortium of investors including...
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3.4KInvestor-Founder Disconnect Poses Major Threat to African Tech Funding – New Report Reveals
According to a newly-released report from Wimbart, the leading PR agency specialising in tech & startup sectors across Africa and emerging markets, 71%...
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1.2KFSD Africa Investments commits $19.5 million to boost climate resilience in Africa
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, today announces new investments totalling US$19.5 million to support climate adaptation and climate-aligned infrastructure...
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1.7KRenew Capital Angels Invest in Kenyan Fintech FlexPay
Renew Capital Angels have invested in an innovative Kenyan fintech, FlexPay. FlexPay’s “save now, buy later” platform allows customers to purchase products...
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2.3KLemFi Raises $33 Million To Transform Financial Services
LemFi, a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane...
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1.8KFarm CI Emerges Winner at AFEX Code Cash Crop 4.0 Ag-hackathon
AFEX, Africa’s leading commodities market player, hosted its fourth annual ag-hackathon, Code Cash Crop 4.0, aimed at harnessing the intersection of technology,...
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2.3KFounders Factory Africa Raises $144m Funding from Mastercard Foundation, Johnson & Johnson
Founders Factory Africa has secured an additional $114 million in funding to scale its model to better serve founders across the African tech...
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1.6KRemedial Health raises $12 million to deliver financial services for neighbourhood pharmacies
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has secured $12 million in an...
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1.7KEgyptian fintech Flash raises $6 million seed round
Flash, Egypt’s new cashless payments app, has raised $6 million seed round to accelerate its product development and customer and business acquisition...
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1.9KMoove closes $8mn financing from Absa to expand vehicle fleet for Ghana’s mobility entrepreneurs
Moove, the world’s first mobility fintech, has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date...
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1.6KEze secures $3.7 million seed funding to build global marketplace for electronics wholesaling
Eze, a wholesale marketplace for used and new electronics, has secured $3.7 million in seed funding to develop its technology infrastructure, broaden...
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1.8KFemale founded Zydii – a Kenya-based digital training solutions provider gets new funds
DOB Equity, Kua Ventures, Kaleo Ventures and NaiBAN have invested in a pre-seed funding round in Zydii, a Kenya-based digital training solutions...
