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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

The round was co-led by African early-stage VC firm Future Africa and Japanese but Africa-focused VC Kepple Africa Ventures. The seed investment that is coming a year after Termii graduated from the YC will be used for expansion and launch more messaging offerings across Africa. million seed round.

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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. He made this known at the Google for Africa event in October. Before launching the fund, Google proved helpful in startups’ journeys via its Google for Startups Accelerator Africa program.

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Kenya’s Twiga raises $50M to scale food solutions across Africa

TechCrunch

Africa still battles with this and it is not hard to see why. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. Africa-focused firms TLcom, IFC Ventures, DOB Equity, and Goldman Sachs’ spinoff Juven , wrote follow-on checks too. Now, they only spend 6% of their household income on food and beverages.

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Nigeria’s Mono raises millions to power the internet economy in Africa

TechCrunch

In February, Nigerian fintech startup Mono announced its acceptance into Y Combinator and, at the time, it wanted to build the Plaid for Africa. Three months later, the startup has a different mission: to power the internet economy in Africa and has closed $2 million in seed investment towards that goal.

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Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

TechCrunch

The founder also said one of the reasons for the pivot from Insidify to SeamlessHR was because the former wasn’t profitable and lacked the flexibility to scale across Africa. We have the largest aggregation of medium-to-very large companies in Africa,” Okeleji remarked. It’s a typical salary structure in markets such as the U.S.

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Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

TechCrunch

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. But in Africa, where smallholding or small-scale farms are the norms, the number stands at an average of $4. In the U.S. million farmers.

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Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa

TechCrunch

Cash flow is a major pain point for small businesses in Africa. It’s an identical problem for more than 51% of 44 million formal SMBs in sub-Saharan Africa who say they need more finance than they can access to grow their businesses, per research. We are excited to be the growth partner of choice for businesses in Africa.” .

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