African startup Article / startup Blog

Egypt social commerce startup Brimore receives investment from Fawry

Fawry , trading in Egypt's Exchange as FWRY.CA , the country's largest e-payment platform serving the banked and unbanked has finalized an investment in social commerce platform Brimore . The minority investment into Brimore will enable SME manufacturers to overcome existing go-to-market challenges through its nationwide distribution capability. The investment comes as part of Brimore's Series A in a funding round marking a strategic partnership with high-potential tech companies whi

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Ethiopia construction technology startup ConDigital raises pre-seed funding for regional expansion

Ethiopia construction-tech startup ConDigital , has raised an undisclosed pre-seed funding round that will see it cement its presence domestically as it expands outwards in East Africa. ConDigital was launched in January 2019 by digitizing the process of construction project management targeting consultants, contractors, and their owners. Back in 2019, ConDigital raised a US$25,000 funding round led by The Baobab Network and is now accepted to the accelerator programme. Disrupt Afric

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MultiChoice partners with C3, Galelo and DTIC to connect South African startups with global investors

MultiChoice just launched the MultiChoice Accelerator to develop and connect 20 SA-based startups in collaboration with Galelo, C3, and DTIC, further connecting them with global investors at the Expo 2020 in Dubai. The accelerator programme is part of the MultiChoice Innovation Fund. To achieve this, MultiChoice has partnered with C3 (Companies Creating Change) to facilitate this program. C3 is a UAE-based social enterprise with a footprint spread across 17 countries in the Middle Ea

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Morocco medtech startup DataPathology raises $223K in funding round

Casablanca-based DataPathology has raised $223K in a funding round led by WitaMax One (an investment firm jointly backed by Southbridge AI and AXXAM Family Office). The medtech startup will deploy the funds towards the transformation of pathological diagnosis systems while improving the services provided to patients and practitioners. DataPathology was founded by Dr. Hicham El Attar, pathologist, and Mr. Mohammed El Khannoussi in 2020. The company fights against the lac

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Applications for RE:SOLVE innovation challenge are open

Established by The Craft and Design Institute (CDI), a non-profit company and in partnership with the City of Cape Town, the RE:SOLVE challenge, an initiative that encouraged entrepreneurs to take the next step, has announced that applications for its second round are officially open. James Vos, Mayoral Committee Member for Economic Opportunities and Asset Management at the City of Cape Town comments on the launch of the programme for its second year running. "We are pr

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Edtech Ambani wins R1million prize at MTN Business App of the Year Awards

Local language edtech Ambani Africa has walked away with multiple top honours at the 2021 MTN Business App of the Year Awards. The app received the titles of Best Gaming Solution, Best Educational, and Best South African solution. It also walked away with R1 million in prize money for winning the title of Best App of the Year. "Congratulations to Ambani Africa," Chief Business Enterprise Officer of MTN Business, Wanda Matandela, said in a statement.<br /

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Payment company Zip to acquire Johannesburg fintech Payflex

Australian payment company Zip has announced it will acquire South African Buy-Now Pay-Later (BNPL) fintech service PayFlex. The acquisition will see Zip grow the Johannesburg-based company and expand it into other African markets. "The growth of Payflex over the past few years has demonstrated the demand for BNPL in South Africa," PayFlex founder and CEO, Paul Behrmann, said in a statement. "Zips acquisition will boost the speed and scale of Payflexs expansio

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Cape Town healthtech Aviro secures funding

Cape Town-based healthtech Aviro Health has secured an undisclosed amount of funding in a pre-series A funding round led by ASISA ESD Fund (managed by Edge Growth), Tuksnovation, and TIA. According to reports, the funding will be used to expand and improve the Aviro Pocket Clinic, a digital counselling service that is available through health providers in both the public and private sectors. In addition, the funding will enable the healthtech company to grow and expand its overall i

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Ride hailing app DiDi launches in Egypt

Chinese transportation giant DiDi Chuxing has launched operations in Egypt, beginning at the Alexandria governorate. The company will operate 'Wasalny' or 'Wasalny +' services in a move that rivals competitors Uber. Didi offers transportation services across 17 countries globally, making Egypt its second African market after its earlier entry into South Africa. DiDI's Head of Government relations in North Africa and the Middle East, Moanis Amin, confirmed the limited entry in Alexand

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Nigerian-led legaltech startup Definely raises $3M seed funding

Definely a London-based legaltech operating in Nigeria has raised $3 million in pre-seed funding. The startup employs Artificial Intelligence (AI) to simplify drafting, reading, and understanding contracts. The round was jointly led by Microsoft's venture fund, M12 , and CRE Venture Capital . This investment round will go into speeding product development, expanding world-class teams, and drive further expansion into markets beyond the United Kingdom. Technext.ng reports a 500% Year-

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Mastercard launches Global Sustainability Innovation Lab to support impact-driven startups and customers

Mastercard has launched a new Sustainability Innovation Lab that will spearhead the development of its portfolio of environmentally conscious digital products and solutions. The lab specifically focuses on ways to empower both businesses and consumers in the transformation of their production, distribution, and purchase processes. The global lab will be based in Stockholm, Sweden, as an endorsement of the EU's Green new deal and reputation for sustainable innovation. Chief Sustainabi

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Cape Town gears up for 2021 SA Innovation Summit

Cape Town is getting ready to host the 2021 annual SA Innovation Summit, a three-day event that brings tech startups and investors together. The summit will take place from 21 to 23 September at the Mount Nelson Hotel. Under this year's theme, Expanding Horizons, it will feature a wide collection of local and international entities showcasing their programmes and sharing knowledge. The ideal for any startup is to scale and grow not only within South Africa but

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