MVX, a digital goods and trade financing company based in Nigeria, has suspended operations, further highlighting the growing challenges faced by companies in the country’s logistics sector.  Founded in 2019 by Tonye Membere-Otaji and Amusan, MVX initially aimed to simplify the process of vessel chartering. However, shortly after its launch, the company shifted focus to […]

Fako Capital, an innovative impact investment fund in Cameroon, is making waves in the nation’s financial landscape. Established with the support of Investisseurs & Partenaires (I&P), it becomes the eighth fund launched by I&P Développement, which continues to strengthen its presence across Africa to support early-stage businesses.  The fund plans to invest up to €500,000 […]

Solarbox Africa, an energy startup and provider of eMobility solutions in Senegal, disclosed on Thursday that its $1 million Pre-Seed round had closed. The round was led by a consortium of investors, including Digital Energy Facility — a collaboration between Agence Française de Développement (AFD), IetP, and Gaia Impact Fund — alongside Launch Africa, JLL Foundation, and Teranga Capital. […]

Lingawa, an innovative edtech startup, secured $1.1 million in pre-seed funding on Monday, marking a significant pivot from its original focus on academic tutoring to a dedicated mission of promoting African language education.  Founded in 2022 and initially known as TopSet, the company aims to help individuals learn and master their native languages, starting with […]

Orange Egypt has pledged USD 52.7 million to enhance startup growth across Africa, with a strong focus on fostering youth-driven innovation.  This initiative was announced by Yasser Shaker, CEO of Orange Egypt, during a press conference on November 15 at the Africa Tech Summit in Nairobi, Kenya. Shaker noted that 40 startups have benefited from […]

Salesforce, a global leader in customer relationship management (CRM) systems, plans to open a Nigerian office, underscoring the digital ecosystem’s development and potential. The company’s strategic growth supports its goal of expanding into new markets and harnessing Africa’s largest economy’s talent and business potential. Sandra Adesuwa Ebere’s appointment as business development lead Read also: Trump […]

Startupbootcamp, a leading global tech accelerator, has announced a partnership with Ashish Thakkar’s Mara Group and Blend Financial Services to establish a $250 million fund dedicated to accelerating African tech startups.  The partnership was finalised at the Future Investment Initiative which was held between October 29 and 31 in Saudi Arabia, to source additional funding […]

Visa announced investments in four startups from its inaugural Visa Africa Fintech Accelerator program on Tuesday, November 5. This initiative is a part of Visa’s larger $1 billion commitment to support Africa’s digital transformation, aiming to drive financial inclusion and strengthen the fintech ecosystem across the continent. Visa is working to close the gap for […]

Agenz, a Moroccan prop-tech startup, has secured an undisclosed investment from Renew Capital, fuelling its expansion plans across Morocco and other parts of Africa. The new funding supports the startup’s mission to bring greater transparency and accuracy to the real estate market. Founded in 2020 by Malik Belkeziz, Agenz utilises advanced data intelligence to deliver […]

Userguest, a Moroccan hospitality-focused startup, has raised $2.4 million in funding to enhance its market reach and boost product development. Founded in 2018 by Ahmed Chami, Assil Bernossi, and Hicham Benyebdri, the company specialises in helping hotels maximise direct bookings by converting website visitors into paying guests through personalised messaging and intelligent incentives.  With operations […]

Regfyl, a Nigerian startup, received $1.1 million in pre-seed funding to improve its platform, which helps businesses maintain compliance. The round of funding, which includes an investment from Rally Cap and help from Techstars, DCG, Musha Ventures, Africa Fintech Collective, and private investors, will allow the business to hire more people, mainly in engineering, sales, […]

A renowned African healthtech business, Field, launched a route-to-market service to offer novel therapeutics to address maternal mortality, newborn and child health, and nutrition. This program will use Field’s distribution, finance, and proprietary technology. The latter now supports a network of more than 40,000 healthcare practitioners in urban and rural parts of Nigeria and Kenya. […]

Ed-tech startup Esoma Solutions was founded in 2018 by Julius Irungu, Kelvin Kung’u, and Esborn Waithuki. It offers e-learning solutions for K-12 learners, with its flagship product, Esoma Kids, providing online foundational literacy and numeracy tools. Initially, Esoma Solutions launched Esoma-KE, an exam preparation platform for children aged 4-10. Over time, the company has broadened […]

Early-stage tech startups in Lagos have a unique opportunity to accelerate their growth through the Lagos Innovates Workspace Voucher programme, which is now open for applications. This initiative is designed to support promising startups by providing access to state-of-the-art workspaces at significantly reduced costs, enabling founders to focus on innovation and business development without the […]

Chpter, a Kenyan e-commerce startup, has secured $1.2M in pre-seed funding. The Marketforce co-founders’ new venture is levelling its tech stack and expanding into Egypt and Nigeria, preparing for a digital commerce boom. Chpter, launched in 2022 by some visionary founders (Tesh Mbaabu, Mesongo Sibuti, Kuria Kelvin, and Mark Kiarie), is transforming the social media […]

South African startup Omnisient, a pioneering “privacy-by-design” company, has secured US$7.5 million in Series A funding. This significant investment will propel the company’s expansion across Africa, enabling Omnisient to tap into new markets and further develop its innovative privacy-focused solutions. With this fresh capital injection, Omnisient is poised to accelerate its growth trajectory, build on […]

PayBox, a Ghanaian fintech startup, has launched its mobile app, Buddy AI. The company’s new mobile application leverages blockchain technology and artificial intelligence (AI) to transform financial transfers and cross-border payments, particularly for small and medium-sized enterprises (SMEs). PayBox’s mobile app is more than just a financial tool; it’s an innovation hub that enhances investment […]

In an unexpected move, Tekedia Capital has bought Quizac, an edtech startup scheduled to close this month. Either party did not disclose the acquisition cost. Tade Samson said quick purchase talks led to a transaction in just a week. Founded in 2019 by Tade Samson, Tobi Awogbemi, Hussein Alayo, and Babatunde Caleb, Quizac provides gamified […]

Workpay, a Kenyan HR and payroll startup, raised $5 million in a series A funding round led by Norrsken22, a pan-African venture capital company. Global payments giant Visa also participated in the round. The round included current investors Y Combinator, Saviu Ventures, Axian, Plug & Play, Verod-Kepple Africa Ventures, and Acadian Ventures. With this investment, […]

Chao, a Nigerian startup, helps students quickly and reliably order food, groceries, and medicine delivery to campuses. The company aims to make essential services more accessible by letting people order them online and delivering them quickly. Gift Akobundu, the company’s founder, a student at the time, struggled to find food after long days at school […]