Kenya cemented its position as the leader in Africa’s startup funding landscape in 2024. It raised an impressive $638 million, according to Africa: The Big Deal’s annual funding report. This marked 88% of East Africa’s total funding and was driven by significant investments in climate tech startups like and SunCulture. Meanwhile, Nigerian startups followed closely, […]
Moniepoint has done it again! This Nigerian fintech powerhouse has been on a roll, and in 2023 alone, they handled an incredible 5.2 billion transactions. That’s right – 5.2 billion!
Madica, an Africa-focused pre-seed investment program, has made a strategic investment in Earthbond, a Nigerian climate tech startup focused on providing affordable solar energy solutions to small and medium-sized enterprises (SMEs). This funding will allow Earthbond to enhance its operations and bridge the clean energy gap for businesses across Nigeria. Founded in 2023 by Chidalu […]
Ghana’s leading e-health startup, BIMA, has just secured new funding to boost its growth and reach more underserved communities. BIMA, the first licensed telemedicine provider in Ghana, is changing the game by offering affordable health insurance and digital health services to low-income populations across emerging markets. With over six million users in places like Tanzania, […]
In a bold step toward a more sustainable future, Standard Chartered Bank has invested Ksh 8.75 million in seven women-led startups that are shaking up the sustainability sector. This funding milestone is the latest chapter in the Women in Tech Incubation Program, a collaboration between Standard Chartered Kenya and @iBizAfrica at Strathmore University, designed to […]
Scale, a South African startup specializing in card issuing orchestration for fintechs, has raised $700,000 in pre-seed funding. The round was led by 54 Collective, a sector-agnostic venture capital firm, and First Circle Capital, a fintech-focused VC. Sunny Side Venture Partners and various angel investors also participated in the round.
Currently, in its pre-launch phase, the startup has processed over EGP 50 million in transactions during testing. This success has fueled investor confidence, leading to a $2 million pre-seed funding round.
We bring exciting news for Africa’s fintech landscape! Regfyl, an anti-money laundering (AML) compliance startup from Nigeria, has just secured a whooping $1.1 million in pre-seed funding. They will use this funding to tackle the pressing regulatory challenges faced by our financial institutions. With investment from industry leaders like Techstars, RallyCap Ventures, and Africa Fintech […]
Meet Triply.co, the Kenyan startup shaking things up in the traveltech space! 🏖️ Launched in 2021 by Peter Wachira and Collins Muthinja, Triply.co is your all-in-one platform designed to help travel businesses run smoothly by managing everything from bookings to payroll—saving time and cutting costs! 💼 🚀Triply brings bookings, payments, invoicing, and even payroll into […]
Happy Pay, a rising star in the Buy Now, Pay Later (BNPL) space, just secured R32 million ($1.8 million) in pre-seed funding! 🎉 This round was co-led by E4EAfrica and 4Di Capital, with participation from DotExe Ventures, Launch Africa Ventures, Equitable Ventures, and others. Backed by Fin Africa , Happy Pay is gearing up to […]
