Latest South African Article, South African Blog, Technology blog, Startup Blog, Business Blog

African FinTech platform Finclusion Group secured $20M funding from Lendable

African FinTech platform Finclusion Group has secured $20 million in a funding round led by UK-based Lendable , a leading fintech debt financing provider. Finclusion leverages proprietary artificial intelligence (AI) algorithms alongside pioneering technology, to offer safe financial services while maintaining accurate automated credit decisions. The partnership will help Finclusion increase its reach across the Eastern and Southern markets by creating a sustained impact that

article : Startups
E-logistics platform secures $150 000 in seed funding

Uganda-based e-logistics tech startup Ridelink has secured $150 000 in a pre-seed funding round led by Ortus Africa Capital, Omidyar Network and African Leadership Academys Young Entrepreneurs Fund (Anzisha). Daniel Mukisa, CEO of Ridelink explains what the funding will be used toward. We plan on using the capital raised to build globally competitive and robust technology and accelerate our marketing campaigns. Ridelink Founded in 2017, Ridelink is a

article : Crowdfunding
SA healtech Aviro Health secures pre-series A funding

SA healthtech Aviro Health has successfully closed a pre-series A funding round led by the Edge Growth managed ASISA ESD Fund, Tuksnovation , and TIA . The funds will go into improving and expanding Aviro Pocket Clinic - a digital counseling service empowering patients with accessible and engaging counseling and linkage to services via phones or other devices. Over the past two years, Aviro Pocket Clinic has assisted 50,000 patients to access healthcare in Kenya and South Africa. Val

article : Startups
Egypt B2B ecommerce platform Capiter raises $33M Serie A

Capiter , a Cairo-based B2B e-commerce startup has completed a $33 million Serie A in a round co-led by Quona Capital and MSA Capital which was accompanied by other investors such as Savola (a MENA food and retail sector strategic investor fund), Shorooq Partners (an Abhu Dhabi-based seed-stage venture capital fund), Foundation Ventures (an early-stage venture capital), Accion Venture Lab (microfinance and fintech impact investing player), and Derayah Ventures (a Riyadh-based VC fund).<br

article : Startups
African fintech pawaPay secures $9-million

African fintech pawaPay has secured $9-million in a seed funding round co-led by MSA and UK-based investment fund 88mph , with participation from Vunani Capital , Kepple Ventures and Zagadat Capital. According to reports the funding will be used to help scale the fintech's operational presence, grow the existing team and expand in new markets across Africa. Nikolai Barnwell, CEO of pawaPay comments on the funding secured and the startup's growth prospects.

article : Crowdfunding
Applications open for prestigious hackathonin SA

TADHack a globally-renowned hackathon event, which is being hosted in South Africa by MTN, has announced that applications are officially open. Phinda Ncala, Executive for Information Technology at MTN, comments on the aims of the hackathon and its impact. TADHack offers an engaging way for us to unlock the creative and innovative talent that already exists in SA. The event brings together our entrepreneurs, budding technologists, and community ambassadors to leverage t

article : Startups
Saudi customer engagement platform Unifonic raises $125 million from SoftBank, others

Riyadh-based customer engagement platform Unifonic has raised $125 million in a Series B led by SoftBank Vision Fund 2 and Public Investment Fund's subsidiary Sanabil Investments, the company announced today, without sharing any details on valuation. It is the first investment by SoftBank in a Saudi startup and the largest-ever funding round closed by a Saudi startup at any stage. The deal has been in the news since June earlier this year when SoftBank Investment Advisers CEO Rajeev Misra said i

article : Startups
SD Times news digest: Stable Jetpack Wear OS libraries, Domo Sandbox, and new Sentry capabilities

Android recently announced the delivery of the first five stable Jetpack Wear OS libraries. These include: wear, wear-input, wear-ongoing, wear-phone-interactions, and wear-remote-interactions. The wear library allows users to lay out elements in an arch and write curved text in order to support the curvature of round watches. In addition, wear-input identifies and interacts with hardware buttons on Wear OS devices. Wear-ongoing features Surface Ongoing Notifications in new Wear specific surface

article : Mixed
SA healtech Aviro Health secures pre-series A funding

SA healthtech Aviro Health has successfully closed a pre-series A funding round led by the Edge Growth managed ASISA ESD Fund, Tuksnovation , and TIA . The funds will go into improving and expanding Aviro Pocket Clinic - a digital counseling service empowering patients with accessible and engaging counseling and linkage to services via phones or other devices. Over the past two years, Aviro Pocket Clinic has assisted 50,000 patients to access healthcare in Kenya and South Africa. Val

article : Startups
$100M innovation fund to fuel tech investments across Africa

The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed at investing in early tech innovations startups across Africa. The curacao-based private investment fund, GIIG Africa Fund, invested annually in winner pools across the Africa region of the Global Startup Awards (GSA) - the world's largest startup ecosystem competition. GIIG aims to stimulate new industries, increase cross-border coll

article : Startups
Egypt fintech Kashat raises $1.75M funding in round led by Launch Africa

Kashat , an Egypt-based fintech has raised $1.75 million in a private bridge round led by Launch Africa alongside participation from regional investors among them Cairo Angels. Kashat is an Egypt-based fintech startup backed by Pharos Holding (a Cairo-based financial group) and Planet N Group (a Pakistani-tech firm), working at the forefront of promoting financial inclusion by offering nano financial services such as small loans that target the unbanked and underbanked. Since its 20

article : Startups
MTN and Flutterwave announce new mobile money partnership

MTN and Flutterwave has announced a mobile money partnership that enables Flutterwave to offer MTN MoMo as an alternative payment method. The partnership allows businesses to integrate Flutterwave in Cameroon, Rwanda, Cote d'Ivoire, Zambia, and Uganda to receive payments through MTN Mobile Money (MoMo). Fintech platform MTN MoMo provides consumers and businesses with an electronic wallet that enables electronic transfers and payments in addition to both digital and financial services

article : Startups