How Sevi is Transforming FMCG Financing with AI and Machine Learning
January 23, 2025
Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by…
MoneyHash Secures $5.2M Pre-A Funding
January 22, 2025
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. Flourish Ventures – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney, and…
South African Insurtech, Naked, Secures $38M in Series B Funding Round
January 21, 2025
South African insurance-technology start-up, Naked, has announced the close of R700-million ($38 million) series-B funding round. The Insurtech was founded back in 2018 and has created a fully digital platform that uses automation to speed…
SeamlessHR Raises $9M to Expand Across Africa
January 21, 2025
SeamlessHR has announced the close of a $9 million funding round led by the Gates Foundation and Helios Digital Ventures. The company says the investment will be used to drive its expansion across Africa, enhance…
10 African Ventures Selected to Showcase Solutions at Africa Tech Summit Nairobi 2025
January 16, 2025
The Africa Tech Summit Nairobi has announced the 10 African tech ventures that have been selected to showcase their solutions for potential funding and partnerships on February 12th and 13th at the Sarit Expo Centre…
Purple Elephant Ventures Raises $4.5M to Lead Tourism-Tech Innovation in Africa
January 16, 2025
Purple Elephant Ventures (PEV) has raised $4.5 million in seed financing, marking one of the largest tourism-tech rounds in African history. This landmark investment will accelerate PEV’s mission to transform the continent’s tourism industry into a global leader in regenerative…
Sistema.bio Secures $3.5M Investment from Novastar Ventures to Expand in Africa
January 16, 2025
Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announces Novastar Ventures as its newest investor. Novastar has joined Sistema.bio’s recent internal financing round of USD 7.75 million with…
Techstars and Merce Anders Launch Startup Community Catalyst Africa Botswana
January 15, 2025
Techstars and Merce Anders Equity Group announced today the launch of Techstars Startup Community Catalyst Africa Botswana. Over the next two years, Techstars Startup Community Catalyst Africa Botswana will run a series of pre-accelerator and startup education…
Nigerian Fintech, LemFi, Raises $53 Million in Series B Funding
January 14, 2025
Nigerian fintech, LemFi, has raised $53 million in series B funding according to TechCrunch. This funding round was led by Left Lane Capital and saw the participation of Y Combinator. “We’ve kept our fraud rate extremely…