You are here

Tag: Startup

Fintech startup Blnk raises US$23M in funding to accelerate financial inclusion in Egypt 

Share

EGYPT – Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country.  The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers. …

Share
Read More

Fintech startup MoneyFellows closes US$31m Series B funding round to accelerate its growth

Share

EGYPT – Egyptian fintech startup MoneyFellows has announced the first close of its Series B round funding with a US$31 million investment to help it accelerate its growth and move into new markets. The startup raised a US$4 million Series A round back in 2020, and the US$31 million first close of its Series B was led by CommerzVentures, Middle…

Share
Read More

Fintech startup Moneyhash launches its services in Africa

Share

EGYPT – MoneyHash, Egyptian fintech startup, has launched its services across Africa after a successful launch in the MENA region earlier this year. The startup announced a US$3 million pre-seed funding round in February as it emerged from beta, and has now expanded across Africa. MoneyHash has now rolled out its product in Sub-Saharan Africa, starting with Nigeria, Kenya and…

Share
Read More

AI solutions provider Spatialedge acquires startup Cape AI

Share

SOUTH AFRICA – South African startup Cape AI has been acquired by an AI solutions provider Spatialedge in order to scale its offering that makes such solutions available to large enterprises across Africa. Founded in 2019 by Pieter Boon and Adit Mehta, Cape AI helps businesses grow by enabling them to make smart decisions through the use of AI technology.…

Share
Read More

Fintech startup Nexta secures US$3m investment to prepare for its formal launch

Share

EGYPT – Egypt-based fintech startup Nexta has announced a US$3 million investment from e-finance, to prepare for its formal launch. In March of this year, Nexta also received a US$2.2 million pre-Seed round headed by Egypt-based fintech startup Disruptech, with participation from global investors. total amount raised since its inception last year is now at US$5.2 million. Nexta is a…

Share
Read More

Mobility fintech startup Moove secures US$16m to expand its operations

Share

AFRICA – Moove, a mobility startup that provides revenue-based car finance and financial services to mobility entrepreneurs, has secured a £15 million (US$16.73m) fund from Emso Asset Management to expand its operations in the United Kingdom. The African startup has a growing worldwide client base of mobility entrepreneurs and just started in the United Kingdom. Its first foray into Europe.…

Share
Read More

Healthtech startup Strove closes seed round to accelerate its software development

Share

SOUTH AFRICA – Strove, a health technology start-up, has concluded its most recent investment round, which was headed by a venture capital (VC) fund from Japan called Lifetime Ventures, to grow its operations. The capital raise would assist the acceleration of software development as the team continues to create its platform for holistic wellbeing. “We are excited to have closed…

Share
Read More

Data provider startup Stears closes US$3.3m seed round to enhance its business

Share

NIGERIA – Stears, a pan-African data and intelligence company, has closed a seed round of US$3.3 million led by MaC Venture Capital with participation from Serena Ventures, Melo 7 Tech Partners, Omidyar Group’s Luminate Fund, Cascador, and Hoaq Club. Stears was also recently accepted into the Google for Startups Black Founders Fund 2022 cohort, which included some non-dilutive funding. The…

Share
Read More

Real estate startup Spleet secures US$2.6m seed round to extend its residential rent-focused solutions

Share

NIGERIA – Spleet, a real estate technology startup, has successfully received a seed round of US$2.6 million to extend its residential rent-focused solutions across Africa. The funding was spearheaded by MaC Venture Capital. Noemis Ventures, Plug and Play Ventures, Metaprop Venture Capital, HoaQ Fund, Assembly Fund, Ajim Capital, Francis Fund, and Eduardo Campos are some of the investors in this…

Share
Read More

DEALSTREET; CardoO raises US$660K seed round, Livestock Wealth secures US$55k funding, Solutech expands presence across 8 African countries, Cryptyd Raises new funding

Share

Egypt-based IoT devices manufacturer CardoO raises US$660K seed round EGYPT – CardoO, an Egyptian based startup, has managed to attract its seed investment round, which amounted to US$660,000 dollars, led by The Alexandria Angels, with the participation from Sofico Investments, angel investors from Saudi Arabia, and the European Bank for Reconstruction and Development (EBRD). CardoO CEO noted that this investment…

Share
Read More