Venture Capital

African Tech Startup Fund Atlantica Ventures Gets $23.8m From EIB and Boost Capital

Atlantica Ventures, an African tech Startup Fund, has raised over $11.3 million (c. EUR 10m) in junior capital from Boost Africa

Logistics Venture Capital

Freterium Closes $4m Seed round to Disrupt Trucking Industry

Freterium, a Moroccan transport management software provider, has raised $4m in its latest funding round closed in December. The Seed

Funding Investment Venture Capital

Earnipay Nabs $4m to Offer On-demand Salary Access to African employees

Earnipay, a fintech solution that provides flexible and on-demand salary access to income earners, has closed a seed round of

Wasla
Ecommerce Funding Investment Venture Capital

Egyptian eCommerce Startup, Wasla Secures $9m From Contact Financial Holding

Wasla, an Egyptian ecommerce startup, has secured a $9 million investment from Contact Financial Holding, Egypt’s largest non-bank financial services

CrowdForce
Fintech Funding Investment News Venture Capital

Nigerian Agency Banking Startup, CrowdForce Secures $3.6m Led by Aruwa Capital Management

CrowdForce, a financial services startup, has closed a $3.6 million pre-series A funding. Aruwa Capital Management led the equity and

Flutterwave
Fintech Funding Investment Venture Capital

Flutterwave Secures $250m Series D Funding to Become Most Valuable African Startup

Flutterwave, a leading technology company, announced today that it has raised USD $250 million in Series D funding, valuing the

Swvl
Funding Investment Ride-hailing

Egypt’s Swvl Gets $10m From European Bank

Swvl, the Egyptian on-demand bus-hailing firm, has secured a $10m investment from The European Bank of Reconstruction and Development (EBRD)

Stitch
Funding Venture Capital

SA API Fintech, Stitch Secures $21m Series A Round Led by The Spruce House Partnership

Stitch, a South African API fintech startup, has raised a $21 million Series A funding round led by The Spruce

Jiji
Acquisition

Jiji Acquires Tonaton, its Main Competitor in Ghana

Jiji, a Nigerian classified ecommerce platform, has acquired Ghanaian-based classifieds marketplace,Tonaton. Jiji already holds leadership positions in Ghana and Kenya. Additionally, the marketplace

Ecommerce Funding Retail

ProXalys Secures $150k Pre-seed From Haskè Ventures

ProXalys, a Senegalese B2B eCommerce company, has secured a $150,000 pre-seed funding from Haskè Ventures, the venture builder for Francophone