Kenyan Fintech Asilimia secures $2 million in Pre-Seed Funding to digitize East Africa's informal economy
Asilimia, a Kenyan Fintech startup building the digital infrastructure for SMEs has secured $2 million in Pre-Seed Funding to deliver new services and expand into new markets in East Africa. [...]
Sendy launches a Digital Platform for Online Sellers in Kenya
Sendy, a Kenyan tech-logistics startup, has set up a digital-enabled platform that relieves online sellers of logistics difficulties and their associated costs. A state-of-the-art Fulfillment Center with multiple picking locations [...]
South African fintech Jumo raises $120 million for expansion
South African fintech firm JUMO has raised $120million in a round led by Fidelity Management Research Company, LLC with the participation from Visa and London-based investment management firm Kingsway [...]Google Launches 7th Startups Accelerator Programme
Google has announced that it is now taking applications of the seventh Google for Startups accelerator programme, open to technology Startups located in 17 countries including Kenya. Applications for the [...]Kenya's Workpay Expands to Nigeria
WorkPay, a Kenyan startup that provides a cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa, has expanded to Nigeria which will act [...]Nigeria's Autochek Secures $13.1 Million Seed Funding
Nigerian automotive technology company Autochek, which facilitates auto financing across Africa, has today secured $13.1 Million in seed funding. The round was co-led by follow-on investors, TLcom Capital and 4DX [...]The King of Spacs’ Chamath Palihapitiya is Visiting Kenya, Ghana, Nigeria
Silicon Valley venture investor Chamath Palihapitiya, whose bets on blank check acquisition companies earned him the nickname of King of SPACs has announced he will be making his maiden visit to [...]
Autochek Officially Launches in Kenya
Autochek, the automotive technology company facilitating auto financing across Africa, has officially launched in Kenya as part of its pan-African expansion. With credit penetration in Kenya at 27.5% (significantly higher [...]Asante Financial Services Group Raises $7.5 Million in Series A Funding
Kenya's Asante Financial Services Group, which is focused on supporting the growth of African businesses and individuals, has raised $7.5 million in its Series A round of funding. Investors who [...]E-commerce platform Alsoug secures $5 million in Sudan's first foreign tech investment
Alsoug, a digital marketplace in Sudan, has raised $5 million to build a national payments network enabling quick, easy and safe transactions for the citizens of Sudan. The fundraising round [...]Tala Raises KSh16.1 Billion in Series E Funding Round
Digital Lender, Tala has raised KSh16.1 billion in its series E funding round, bringing its total funding to more than KSh38.8 billion. Investors who took part in the funding round include [...]Nigeria's Flutterwave Seeks to Increase Valuation to $3 Billion
Nigeria's payments firm, Flutterwave, is in talks with investors, seeking for fresh funding that will triple its valuation to $3 billion or more. However, terms of the funding round haven’t [...]
