IT総合 Socium doubles down on Francophone Africa after $5M seed round
Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking...
Annie Njanja
IT総合 IT総合 Kenya’s Octavia gets $3.9M seed to remove carbon from air
As calls for urgent climate action persist, technologies to help remove the heat-trapping greenhouse gases from the atmo...
IT総合 Kenya fines Baltic fintech Eleving’s local arm for misleading customers
Kenya’s competition authority has fined Baltic lender Eleving‘s Kenyan subsidiary for misleading its custome...
IT総合 Podcasting startup Podeo gets $5.4M to go beyond the Arab world
Podcast listeners crossed half a billion people at the end of last year as listenership maintained steady growth. With c...
IT総合 In war-torn Sudan, a displaced startup incubator returns to fuel innovation
Businesses need stability to thrive. Unfortunately for anyone in Sudan, stability has been hard to come by for the past ...
IT総合 Impact investors FMO and BlueOrchard back Ghana’s digital lender Fido in $30M Series B round
Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individual...
IT総合 Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making
Intelmatix, a deep tech b2b startup that’s targeting businesses in the MENA (Middle East and North Africa) region wantin...
IT総合 Intron Health gets backing for its speech recognition tool that recognizes African accents
Voice recognition is getting integrated in nearly all facets of modern living, but there remains a big gap: speakers of ...
IT総合 TikTok Lite exposes users to harmful content, say Mozilla researchers
TikTok Lite, a low-bandwidth version of the video platform popular across Africa, Asia and Latin America, is exposing us...
IT総合 Pesa unlocks new markets to keep remittances flowing to emerging economies
Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive ...
IT総合 Nala to use $40M Series A to build B2B payments platform, scale remittance services
Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 m...
IT総合 Spend management startup SiFi raises $10M to grow further in Saudi Arabia
The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in ...
IT総合 Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in t...
IT総合 Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets
The seed funding follows a $5M grant the startup got from the Gates Foundation to make maternal and child healthcare ava...
IT総合 Productive solar technologies draw investors as global off-grid solar sector funding slumps
Productive Use of Renewable Energy (PURE) technologies, especially those in the solar irrigation and cold chain segment,...
IT総合 Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech
Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity inv...
IT総合 Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa
Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans...
IT総合 MarketForce winds down its B2B e-commerce arm
Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mo...
IT総合 Pula raises $20M Series B to provide agricultural insurance to farmers in Africa, Asia and LatAm
Pula, an insurtech based in Kenya, has since 2015 been keen on enhancing the access to agricultural insurance by small-h...
IT総合 Pan-African VC Verod-Kepple closes its first fund at $60M
Verod-Kepple Africa Ventures (VKAV) plans to back up to 21 growth-stage companies across the continent after closing its...
IT総合 Swiss fintech nsave gets $4M to enable people from unstable economies open offshore accounts
Swiss fintech nsave, which is making banking in Switzerland accessible to people in countries with unstable banking sect...
IT総合 Nala set out to offer remittance services, it’s building a B2B payment platform too
Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, ...
IT総合 BRKZ, a construction-tech startup eyeing MENA, emerges from stealth with $8M
Saudi Arabia is poised to become one of the largest global construction hubs owing to its trillion-dollar infrastructure...
IT総合 Bfree, a Nigerian startup enabling lenders recover debt ethically, gets $3M backing
Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recov...
IT総合 Roam raises $24M to scale electric vehicle production in Kenya
Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitm...
IT総合 Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services
Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical product...
IT総合 Africa-focused funds find their feet amid a downturn
In the midst of a funding downtime last year, and with conditions getting tougher for fund managers raising capital as b...
IT総合 Google’s first Africa cloud region now operational
Google has today said its cloud region in South Africa is operational, coming a year after the tech giant picked Johanne...
IT総合 Speedinvest closes fourth fund at $380 million to back early-stage startups in Europe
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (around $...
IT総合 How African startups raised funding in 2023
After defying the global funding slowdown of 2022, VC investments in African startups dropped considerably last year, mi...