African startup Article / startup Blog

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

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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

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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

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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

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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

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$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

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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

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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

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Egypt fintech MNT-Halan raises $120M

MNT-Halan the Egypt-based multi-integrated FinTech ecosystem and debt solutions provider has completed a successful $120M funding round led by key regional and international investors among them Development Partners International (DPI) , Apis Growth Fund II , and Lorax Capital Partners . The round attracted further participation from Endeavor Catalyst , Middle East Venture Partners , and DisruptTech . Founded in 2018, MNT-Halan brings seamless financial services to the underserved an

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Mastercard Foundation and University of Rwanda announce $55M partnership

The Mastercard Foundatio n has teamed with the University of Rwanda in announcing a decades-long $55 million partnership to deliver higher education access for over 1200 Africans. A key focus will go towards women pursuing STEM, the disabled, refugees, and displaced youth. the Mastercard Foundation Scholars Program was launched in 2012 and is part of the Mastercard Foundation Scholars Program. It is committed to developing the next generation of transformative African leaders by equi

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The 1001 Female Entrepreneurs project

The Khadija RA Initiative to Empower 1001 Female Entrepreneurs: World's Largest Cohort, Incubation Acceleration Program Launched by Halal Angels Network Inspired by 1001 Arabian Nights as every female entrepreneur has a story to tell A global platform for female entrepreneurs to showcase their ideas business Aimed to boost female entrepreneurs' participation in the economy PUNE-INDIA/CHICAGO-USA The Khadija RA Initiat

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SA logistics startup supports breast cancer awareness initiative

Local logistics startup Pargo has announced its partnership and support of the Avon Justine iThemba Walkathon, an annual event dedicated to breast cancer awareness month. Michaela Gabriel, Head of Marketing at Pargo comments on the partnership and the startup's involvement in the initiative. It is an absolute privilege to partner with Avon for such an amazing cause. Our extensive network of pickup points, located in popular stores like Clicks, allow entrants to easily c

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