Funding
Nigeria’s Raenest Secures $11 Million To Tackle Africa’s Freelance Payment Challenges
Raenest hopes to ease cross-border payments for Africans, enabling them to easily receive and send international payments.
Category
Funding
Reporting filed under Funding.
Showing 21–40 of 97 articles
Funding
SA-based Everlectric Lands Venture Debt Funding To Drive EV Adoption
Everlectric majors on commercial battery electric vehicle (BEV) panel vans, catering to logistics providers and other businesses.
Funding
PI Ventures Closes First Institutional Fund, Raises $50 Million to Back Next-Gen African Startups
This fact is reflected by its co-investment with Accel in Nuitee, a Moroccan AI-powered hotel booking platform, marking P1’s biggest investment till date.
Funding
Egypt-based MNT Halan Sets Sails For $500 Million In Credit Expansion After Key Acquisitions
Since ascending to unicorn status in 2024, the company has pulled off a series of strategic acquisition and market entries herald MNT-Halan’s plans to create a space for itself in the emerging finance industry.
Funding
Israel’s StarkWare Kickstarts $4 Million African Venture Fund For Blockchain Startups
StarkWare is particularly interested in ventures that combine technical expertise with strong business acumen and plan to deploy their solutions on Starknet.
Funding
Saviu Raises €25 Million In Second Close of Funding Round, Plans To Back Early Stage Startups In Francophone Africa
Saviu Ventures caters to tech and tech-powered businesses across the fintech, health-tech, edtech, climate tech and eCommerce sectors.
Funding
Hakki Africa Secures $12.7 Million In Funding From Japanese Investors
Hakki has developed a credit-scoring system that uses alternative data sources like M-Pesa mobile money usage and ride earnings stability as parameters in determining how to provide affordable financing options for drivers looking to own vehicles.
Funding
Kili Ventures Backs WafR With $1.5 Million Seed Funding, Sets Eyes on Morocco’s Market
WafR leverages its startup proprietary technology to turn small-time merchants into financial service providers, allowing them to facilitate mobile phone top-ups, money transfers and cash-in/cash-out transactions.
Funding
Breadfast Hits $268 Million In Valuation With Series B Extension Round
In contrast to other grocery delivery startups that merely function as middlemen, Breadfast operates its own bakeries and fulfillment. This business model has proven instrumental for ensuring product quality and streamlined logistics, while sustaining the company’s unit economics.
Funding
Swedfund Supports African Infrastructure Fund With $41.6 Million Investment, Aims To Promote Climate Action
EAAIF is a blended finance channel that supports infrastructure projects through public and private debt capital. The fund provides debt products on commercial terms to projects belonging to, and operated, by private sector experts.
Funding
NjiaPay Closes Over $1 Million in Pre-Seed Funding to Streamline African Payments
NjiaPay’s platform operates and combines PSP’s and payment methods, offering business a single integration point for managing transactions.
Funding
Ivory Coast’s Cauridor Lands $3.5 Million In Seed Funding to Bolster Africa’s Payment Infrastructure
Cauridor aims to ease cross-border transactions for merchants, banks, telecom operators, and money transfer companies in the untapped region of Francophone Africa.
Funding
Fincart.io Lands Pre-seed Funding To Revolutionize E-commerce Logistics
Fincart.io addresses these pain points by consolidating the region’s largest courier network into a single platform, enabling merchants to streamline order management, access competitive shipping rates, and unlock financial support.
Funding
Venture Capital Arm of Standard Chartered Backs Furaha With $7 Million
Furaha was founded by Yustus Aribariho and Ian Fernandes, aiming to utilize SC Ventures’ risk management expertise and Yabx’s AI-driven lending platform to address the financial needs of underserved communities.
Funding
Fintech Startup Accrue Lands $1.85 Million Seed Funding To Accelerate Cross-border Payments in Africa
Today, Accrue boasts over 200,000 users across eight African countries: Nigeria, Ghana, Kenya, South Africa, Cameroon, Uganda, Zambia, and Malawi.
Funding
Moniepoint Lands $10 Million Investment From Visa To Support Financial Inclusion Across Africa
Moniepoint has carved a territory for itself by providing digital financial services to individuals and businesses.
Funding
Kenya-based Kapu Secures pre-Series A Funding, Hopes To Expand Low-Cost E-commerce in Africa
Kapu boasts of serving 100,000 households per month and processing 2 million customer orders annually, claiming to have delivered $1m in savings to consumers.
Funding
DisruptTech Ventures Takes First Step Into Blockchain, Invests in Hamilton.
This deal marks a pivotal moment for DisrupTech Ventures, as it indicates a willingness to diversify its portfolio beyond traditional fintech to include blockchain-based solutions.
Funding
SA-based Insight Terra Secures $5.7 Million To Bolster Climate-tech Platform
Climate change in South Africa aggravates the risks to crucial infrastructure. Insight Terra hopes to bridge this converting real-time data into actionable insights and ensure operational safety and regulatory compliance.
Funding
Enko Education Lands $24 Million, Set Sights On Tripling Its Student Reach Across Africa by 2029
As a testament to Enko Education’s impact, the group has seen more than 1,700 graduates secure admission to over 500 prestigious universities worldwide, including Yale University, Sciences Po, and the University of Toronto.