IT総合 YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed
Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive interna...
Tage Kene-Okafor
IT総合 IT総合 Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenyan-based e-commerce player that operates in the East African cou...
IT総合 Backed by Schmidt Futures, Cloudline raises $6M to take aerial autonomy green and mainstream
South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of ca...
IT総合 Al Mada Ventures, the $110M fund for Africans by Africans
Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding ...
IT総合 Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. Accord...
IT総合 Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in ...
IT総合 Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business
Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. ...
IT総合 Social commerce platform Maka raises $2.65M to simplify buying fashion and beauty products in Africa
Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African ve...
IT総合 Ex-Metaswitch CEO John Lazar joins Copia’s board as the Kenyan e-commerce outfit rakes in $20M to push toward profitability
Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Me...
IT総合 South African e-commerce startup TUNL gets funding to accelerate growth of its exports platform
TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Fou...
IT総合 YC-backed fintech Bujeti raises $2M for its corporate cards and spend management platform
African corporate cards and spend management platform Bujeti has raised $2 million in seed funding. The startup, involve...
IT総合 Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Egyptian online auto parts marketplace Mtor has raised $2.8 million in pre-seed investment led by MENA-focused venture c...
IT総合 Immensa, a MENA-based additive manufacturing and digital inventory platform, raises $20 million
The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this ...
IT総合 South African startup GoMetro gets £9M for its fleet management optimization software
GoMetro, a South African tech company that operates in the fleet management space, has raised £9 million (~$11.4 million...
IT総合 FrontEdge raises $10M in debt, equity from TLG, Flexport to facilitate trade for African exporters
In the dynamic landscape of African international trade, a prevalent challenge looms large: A mere 30% of trade volumes ...
IT総合 Paystack reduces operations outside of Africa, affecting 33 employees in Europe and Dubai
African payments company Paystack has reduced its operations outside of Africa, trimming its workforce in Europe and Dub...
IT総合 Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO
In Q3 2023, Jumia reported its adjusted EBITDA loss at $15 million, marking the lowest since its IPO in 2019 (outperform...
IT総合 Why Norrsken founder Niklas Adalberth is betting on Africa
In 2016, Niklas Adalberth, co-founder of Klarna, exited the buy now, pay later giant to establish the Norrsken Foundatio...
IT総合 Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises $7M led by Ventures Platform and MaC VC
The World Economic Forum states that Africa has an average annual demand for 2.4 million cars and 300,000 commercial veh...
IT総合 Norrsken22’s debut fund closes at $205M to back growth-stage startups in Africa
It’s exciting times for growth-stage investment in Africa as Norrsken22, a Pan-African venture capital firm, achieves th...
IT総合 Norrsken22’s debut fund closes at $205M to back growth-stage startups in Africa
It’s exciting times for growth-stage investment in Africa as Norrsken22, a Pan-African venture capital firm, achieves th...
IT総合 Buy now, pay later platform Tabby nabs $200M in Series D funding at $1.5B valuation
The past year and a half have witnessed multiple startups facing valuation cuts as funding from VCs waned in an environm...
IT総合 Egyptian healthtech Almouneer raises $3.6M to scale its platform for treating diabetes and obesity
Obesity and prediabetes are major health concerns in Africa and the Middle East, affecting over 40% of the population. I...
IT総合 French soccer players back African mobile video network StarNews Mobile in $3M round
African mobile video network StarNews Mobile has secured $3 million in pre-Series A funding. StarNews offers African con...
IT総合 African VCs and startups are eyeing the Middle East for new capital, but there’s a catch
African startup funding has seen a significant decline of more than 50% over the past three quarters compared to the pre...
IT総合 In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa
It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete ...
IT総合 New solar mini-grids in Africa to be powered by Husk Power Systems’ $103M Series D
Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announc...
IT総合 Sony Ventures earmarks $10M to invest in African entertainment startups
Sony Group announced today that it has established Sony Innovation Fund: Africa (SIF: AF), a program that will support t...
IT総合 Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M
Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the ...
IT総合 African VC firm Enza Capital launches founder partner program as it closes $58M across funds
Enza Capital, a venture capital firm that backs startups “organizing the offline online” and “digitizing key African ind...