Jumba Raises $1 Million to Help Operators of Hardware Stores Restock Seamlessly
Jumba, a b2b construction technology platform has secured $1 million in pre-seed funding to fine-tune its technology and expand its reach to capture markets in major cities across Kenya. Jumba [...]
Launch Africa Ventures Makes 100th Investment after Closing $36.3 Million Fund
Early-stage VC firm Launch Africa Ventures has made its 100th investment, with $24 million so far invested in 108 early-stage tech and tech-enabled companies across 20 African countries. The investment [...]
MFS Africa Raises Additional $100Million in its Series C Funding
MFS Africa, Africa’s largest digital payments network, has secured an additional $100 million in equity and debt funding, taking the total amount raised in its series C to $200 million. [...]Ride-Hailing Firm, Gozem Signs $10 Million Partnership Deal with IFC
Ride-hailing startup, Gozem, has signed a $10-million partnership deal with the International Finance Corporation (IFC), seeking to enable moto-taxi drivers in Togo and Benin to access vehicle financing. Through the [...]SeamlessHR, Leading HR Tech Startup, Hosts Partners in Kenya to Facilitate International Expansion
Nairobi, Kenya – June 1, 2022 SeamlessHR recently hosted its partners in Nairobi. Having announced a $10 million funding round in January, the company is moving towards a full-scale [...]JABU, a Namibian B2B e-commerce Startup, Raises $15m in a Series A Funding Round
JABU, a Namibian B2B e-commerce startup, announced that it raised $15m in a Series A funding round led by Tiger Global. JABU says that the new funds will be used [...]Rivian Automotive Inc. loses Top Executive Charles Mwangi
Rivian Automotive, Inc- an American electric vehicle manufacturing startup, has seen the departure of Kenyan Charles Mwangi as one of its top executives. The firm said Mwangi’s exit is part [...]
IFC and PFG to Support Growth-Stage Firms in Emerging Markets
IFC, the lending arm of the World Bank, has partnered with Partners For Growth(PFG), a US-based fund manager, to provide capital to fintechs, software firms and those dealing with e-health [...]Untapped Global raises $10.3 Million Pre-seed Round
Untapped Global has announced the close of a $10.3 million round in form of debt and equity pre-seed. The company said it will use the funds to launch its investment [...]Nigeria's Topship Raises $2.5 Million in its Seed Funding Round
Nigeria's logistics startup, Topship has raised $2.5 million in its seed funding round. Investors who took part in the funding include Flexport, Y Combinator, Soma Capital, Starling Ventures, Olive Tree [...]Google Launches KSh465 Million Black Founders Fund for African Startups
Google has announced the second round of the for Startup Black Founders Fund for Africa. Launched last year as a KSh350 million fund targeting 50 early-stage, black-founded startups in the [...]FlexPay Raises Undisclosed Amount of Funding for Expansion
Kenyan fintech startup FlexPay has raised an undisclosed amount of funding from the Cairo Angels Syndicate Fund (CASF), seeking to further its growth and help more people avoid debt. “We [...]
