Kenya's Marketforce Slashes 9% of its Workforce
Kenya’s B2B retail end-to-end distribution platform, MarketForce has slashed its workforce by 9%, as a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, [...]
Kenya's FinAccess Raises $500,000 in Pre-Series A Funding
Kenya's FinAccess, which digitises Savings and Credit Cooperative Organisations (SACCOs) and farming cooperatives in the East Africa region, has raised $500,000 in its pre-series A funding round. Investors who took [...]Kenya's FaidiHR Raises Undisclosed Amount, Eyes Entry into Uganda, Tanzania DRC
Kenyan HR startup FaidiHR has raised n undisclosed amount of funding from SprintX, a US-based Venture Capitalist (VC) for early-stage startups. The startup has thus also rebranded from Crew HR [...]VC Firm Oui Capital Hits 1st Close of its $30 Million 2nd Fund
Africa-focused venture capital firm, Oui Capital has announced the launch of its second fund, Oui Capital Mentors Fund II, looking to build on the success of its debut investment vehicle [...]Insurtech startup Lami Raises $3.7m Seed Extension
Nairobi headquartered insurance technology startup Lami Technologies has secured a US$ 3.7 Million seed extension to expand across Africa. The company said the funding was led by early-stage venture firm Harlem [...]Recap: Nairobi Startup Week 2022
The Nairobi Startup Week, is a week-long celebration of all things entrepreneurship, training sessions, and panels to adapt to the new normal. The Nairobi Startup week is an initiative of [...]
Moove Partners with Uber for Vehicle Financing in India
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, has inked a deal with Uber in India to provide auto financing for drivers in the [...]Equity Bank Partners With NALA to facilitate diaspora remittances into Kenya
Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed in the UK and United States, to facilitate diaspora remittances into Kenya. The [...]Catalyst Fund Raises $3.5 Million from FSD Africa
Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on [...]Kenya's Solar Panda Raises $8 Million in Series A Funding Round
Kenya's Solar Panda has raised $8 million in its Series A round funding, jointly led by impact investors Oikocredit and the EU-funded Electrification Financing Initiative (EDFI ElectriFI). The company says [...]Autochek Expands to Francophone Africa by Acquiring CoinAfrique
The automotive technology company facilitating auto financing across Africa, Autochek has expanded to Francophone Africa after acquiring CoinAfrique, a classified ad marketplace. Autochek is looking to tap CoinAfrique’s regional customer base in Francophone [...]Kenya's Duhqa Raises $2 Million in Seed Funding Round
Kenya's Duhqa, a B2B platform for retail distribution of consumer goods in FMCG, Cold Chain and Pharmaceuticals, has raised $2 million in its seed funding round, just seven months after raising [...]
