Verod-Kepple Africa Ventures closes a $60 million fund
April 12, 2024
Verod-Kepple Africa Ventures (VKAV) has announced that it has closed its first fund at $60 million. Key institutional investors in the fund include SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency,…
Pezesha Receives $500,000 Technical Assistance Grant from US Development Finance Corporation
April 5, 2024
Pezesha, the digital lending infrastructure for Small & Medium Businesses, has received a $500,000 technical assistance grant from the U.S. Government’s Development Finance Corporation. This support will help Pezesha leverage data science, machine learning and…
Zeepay Raises $3 Million in Equity to Facilitate its Growth
April 4, 2024
Zeepay has announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The funds will go towards expanding Zeepay’s operations in Africa and the Caribbean….
LemFi Receives CBK Approval to Facilitate Remittances to Kenya, in partnership with Wapi Pay
April 3, 2024
LemFi has received Centyra Bank of Kenya’s (CBK) approval to start operating remittances to kenya. This is a significant step as it will allow seamless international payments for Kenyans in the diaspora. Kenyans in the…
Kenyan Startup, Triply, Secures $500,000 Investment from Y Combinator a Few Weeks After Rebranding
April 3, 2024
Y Combinator has invested $500,000, in Triply, the kenya travel tech startup. The investment is to help develop products, expand operations, and partner with others in the travel industry. This investment by Y Combinator is…
Kua Ventures and Startup Savanna Partner To Support East African SMEs
April 2, 2024
Kua Ventures has partnered with Startup Savanna to support the region’s SMEs. This collaboration allowed 10 entrepreneurs to pitch for a maximum of Ksh 15 million in funding for their businesses. Central to Kua Ventures’ approach to supporting…
Climate tech VC Firm, Satgana, Closes its First Fund that Supports Early-stage startups in Africa
March 29, 2024
Satgana, a Climate tech VC firm backing early-stage startups in Africa and Europe, has announced the final closing of its first Climate Tech VC fund. The fund reached a final close of €8 Million in…
Norrsken Accelerator 2024 is Now Accepting Applications From Early-Stage Startup Founders
March 28, 2024
The Norrsken Accelerator is now accepting applications for the 2024 cohort. Application is open to any early-stage startup founders from across the world including those from Africa. The 2024 cohort will take place at Norrsken…
BURN Manufacturing Secures $12 Million Carbon Financing for Cookstove Distribution in Africa
March 28, 2024
BURN manufacturing has secured a $12 Million investment to expand the distribution of clean cookstoves in Africa. BURN is a manufacturer and distributor of clean cookstoves. This latest investment was led by Key Carbon and…