Byline
Articles credited to Startup News Africa.
Showing 1–11 of 11 articles
Startups
Nine innovative African startups across various sectors have been honored on the Norrsken 2024 Impact/100 list, highlighting the continent’s growing potential to tackle global challenges through technology and entrepreneurship. The Impact/100 list, curated by the Norrsken Foundation, features 100 of the most promising impact startups worldwide, described as “100 ways to fix the future.” This
Startups
TechCrunch has announced that eight African startups—seven from Nigeria and one from Morocco—have been selected to participate in the prestigious Startup Battlefield 200 competition for 2024. This annual event shines a spotlight on the world’s top early-stage ventures, providing them with a global platform to pitch their innovative ideas, gain invaluable exposure, and compete for
Funding
Talk360, the South African-based international calling app, has secured $1.4 million in a pre-Series A funding round led by long-standing investor HAVAÍC. This latest injection brings the company’s valuation to around $30 million and fuels its mission to connect seven million people by 2025. Founded in 2016 by South African entrepreneur Dean Hiine and Dutch
Funding
Egyptian fintech startup Paymob has announced a $22 million extension to its Series B funding round, bringing the total raised to $72 million. The extension was led by EBRD Venture Capital, with participation from existing investors including PayPal Ventures, British International Investment (BII), FMO, A15, Nclude, Helios Digital Ventures, and Endeavor Catalyst. Founded in 2015
Funding
Wattnow, a Tunisian startup specializing in AI-powered energy management solutions, has secured an undisclosed investment from Lateral Frontiers Venture Capital. The funding comes from Lateral Frontiers’ recently closed $28 million Fund II, aimed at supporting high-growth ventures across Africa and beyond. Founded in 2018 by CEO Issam Smaali, Wattnow has developed a smart energy management
Funding
The Venture firm insists it remains committed to “invest, grow and scale” African tech startups
M&A
Peleza, the Kenyan identity management startup has merged with YC-backed Prembly. The outcome of this merger is a new business entity known as the Prembly Group. The move follows a long period of collaboration between the two partners during which they realized that a permanent merger would enable cost-saving and enhance revenue growth from joint
Funding
Connect Money Secures Funding For Northern African Expansion
Funding
Moroccan Agri-Tech Company Receives $7 Million Pre-series A For Transparent and Sustainable Food Supply YoLa Fresh, an innovative Moroccan agri-tech startup has taken giant strides towards accelerating its expansion in its home base. It has successfully raised up to $7 million in a pre-Series A funding round to fuel its expansion. This $7 million pre-Series
Funding
In a strategic partnership with ALX Africa, the Patoranking Foundation has launched its $500,000 (approx. NGN700 million) tech scholarship initiative which aims to provide 40 young tech-passionate Africans with access to a variety of technology programs in data analytics, cloud computing, and Salesforce administration. The foundation has invested over $1 million (approx. NGN1.4 billion) in
FinTech
One month after court order to recover $24 million, FinTech company, Flutterwave suffers another security breach