TechCrunch

NOVEMBER 11, 2021

The company, based in South Africa, has raised $3 million in seed funding to scale outside Africa and build the infrastructure for the digital insurance economy. Venture capital firms Invenfin , Base Capital, Savannah Fund, P1 Ventures, Luno and FireID took part in the round, including some high-impact angel investors.

South Africa 86

South Africa Europe Africa Platform 86

TechCrunch

MARCH 28, 2023

Fez Delivery , a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors. We have the technology and still own 30% of the assets on our platform.

Platform 98

Platform Nigeria Fund Africa 98

TechCrunch

MAY 31, 2022

This is a gap that Talk360 is looking to bridge as it creates a new payment platform that will integrate all available payment options across Africa. This product, it says, will open up businesses to the largest pool of localized payment options in Africa.

Africa 95

Africa South Africa Platform Build 95

TechCrunch

NOVEMBER 1, 2021

Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. The company’s total Series C stands at $250 million but its total funding to date is over $305 million. In May, it expanded to the U.K.,

South Africa 128

South Africa Africa Uganda Kenya 128

TechCrunch

AUGUST 17, 2021

Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure play. The company is also describing itself as a machine learning-as-a-service platform. Right now, Pngme has three core products for clients in these three markets.

Platform 107

Platform Data Africa South Africa 107

TechCrunch

FEBRUARY 15, 2021

Uncovered Fund , a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Terakubo doesn’t say why he left Samurai Incubate Fund.

Africa 82

Africa Fund South Africa Nigeria 82

TechCrunch

DECEMBER 30, 2021

Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. Venture capital investment in Africa predicted to reach a record high this year. billion and $2.8

South Africa 139

South Africa Tech Africa Egypt 139

TechCrunch

DECEMBER 21, 2021

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. million in a seed round in June 2020 and followed it with $10 million in debt from emerging markets-focused venture debt fund Lendable in December.

Mexico 100

Mexico South Africa Africa Service 100

TechCrunch

OCTOBER 3, 2022

Talk360’s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAÍC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. South Africa’s Talk360 raises $4M to build single payment platform for Africa.

South Africa 90

South Africa Africa Fund Zimbabwe 90

TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. The South African API fintech enables businesses to build, optimize, and scale financial products. Image Credits: Stitch.

API 93

API South Africa Raise Platform 93

TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

Fund 100

Fund Africa Kenya Tanzania 100

TechCrunch

MAY 5, 2022

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,

Global 98

Global Fund Marketing Africa 98

TechCrunch

JANUARY 17, 2022

Other institutional investors include Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, and angel investors such as Buycoins’ Ire Aderinokun, Jesse Ovia and Ademola Adesina. said the CTO in a statement. Last year, 80% of the U.S.

Africa 118

Africa Management Platform South Africa 118

TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

Ghana 93

Ghana Rwanda Kenya Nigeria 93

TechCrunch

JANUARY 17, 2022

Many startups are solving these problems for African SMBs in one form or another, and the demand for their services has seen Ghanaian startup Float pick up a significant round of funding. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit.

Africa 145

Africa South Africa Raise Nigeria 145

TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

South Africa 107

South Africa Raise Africa Namibia 107

TechCrunch

JUNE 30, 2022

Retailers on the Aspira platform, like most African businesses, struggled with cash flow problems and lacked access to affordable credit to grow their businesses. The pre-seed round included several Africa-focused investors: Quona Capital, Breega, CRE Ventures, Ingressive Capital, RaliCap, Unicorn Growth Capital and Sherpa Ventures.

Business 96

Business Management Platform South Africa 96

TechCrunch

MAY 4, 2022

From Onayemi’s point of view, the growth of Africa’s digital economy revolves around gains in six segments: education, payments, logistics, transport, identity, and trade. Trade has the least startup activity in a market that received $5 billion in VC funding last year. “From telling us to set up takes days.

Africa 139

Africa Nigeria Burkina Faso Companies 139

TechCrunch

NOVEMBER 23, 2021

Mobiz , a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. currently active on the platform. is projected to reach $12.5

South Africa 90

South Africa Personal Marketing Africa 90

TechCrunch

DECEMBER 1, 2022

million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. The Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, participated in the round, as did family offices and angel investors from Kenya, Nigeria, South Africa and India.

Fund 97

Fund Kenya Africa Raise 97

TechCrunch

MAY 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. last year to over $2 billion in December.

Nigeria 135

Nigeria Africa Raise Report 135

TechCrunch

FEBRUARY 24, 2021

Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root.

Africa 117

Africa API South Africa Kenya 117

TechCrunch

DECEMBER 1, 2021

South African tech talent marketplace OfferZen is one of the beneficiaries of the growing global demand for tech workers: It confirmed to TechCrunch that it has raised €4.5 million) in Series A funding from South African investment company Base Capital. million ($5.07 and Germany, which are prominent hubs for global talent.

South Africa 94

South Africa Netherlands Africa Europe 94

TechCrunch

APRIL 6, 2022

Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. Qureos says it’s creating new learning and work opportunities for millions of youth.

Platform 88

Platform Learning Africa Raise 88

TechCrunch

SEPTEMBER 29, 2021

There are increasing numbers of FaaS (farming as a service) startups that are looking to help farmers manage crop yields and plug into IoT sensors or data such as weather platforms. Sencrop from France has raised $12 million, Augmenta (Greece) is a yield boosting platform that has raised $11.2

Platform 82

Platform Raise South Africa Help 82

TechCrunch

SEPTEMBER 10, 2022

Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth.

Africa 145

Africa Nigeria Marketing Kenya 145

TechCrunch

MAY 4, 2021

From the McKinsey report in 2018, the total gross written premiums (GWP) in Eastern Africa was $3.3 In comparison, South Africa did $48.3 So Lami adopted a B2B2C approach to leverage the trust already built by platforms that converse with customers daily and innovate around it. billion worth of GWP that same year.

Africa 101

Africa API Kenya Platform 101

TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The news follows the Naspers-led $11 million Series A round that the South African insurtech announced in August 2021.

South Africa 90

South Africa Africa Kenya Model 90

TechCrunch

AUGUST 9, 2021

South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace. The majority of the funding came from the founders and Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, and a key partner at the company. The Series A funding will allow Moove to grow and expand into new markets.

Africa 126

Africa South Africa Nigeria Raise 126

TechCrunch

APRIL 29, 2021

Today, a company that’s building cloud-based tools to help with this process is announcing a round of funding as it continues to grow. It also has operations in South Africa, where it was originally founded. The funding is coming from an interesting mix of financial and strategic investors.

Platform 93

Platform Raise South Africa Analytics 93

TechCrunch

AUGUST 4, 2021

South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors Yellowwoods and Hollard also participated in the funding round. Founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North, Naked is a digital insurance platform covering cars, content, homes and standalone items.

South Africa 105

South Africa Africa Platform Tech 105

TechCrunch

NOVEMBER 25, 2021

One-year-old Sabi — a spinoff from Rensource , an African energy company that offers power-as-a-service to customers — is the latest startup to raise funds to serve the informal sector. Sabi is an attempt at platforming the informal sector and African trade via various online and offline channels.

Nigeria 84

Nigeria Platform South Africa Offline 84

TechCrunch

FEBRUARY 22, 2023

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Planet42 also received $10 million in debt funding from private investors. TLcom and 4DX drive $13.1M

South Africa 94

South Africa Service Raise Africa 94

TechCrunch

AUGUST 31, 2022

million in seed funding. FMCG distributors can onboard retailers in their network on the Duplo platform, collect payments digitally and access real-time insights into business performance. The news is coming just seven months after Duplo announced its $1.3 million pre-seed investment ; in total, the YC-backed startup has received $5.6

Nigeria 86

Nigeria Fund Digital South Africa 86

TechCrunch

JUNE 10, 2021

There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. Healthforce is a South Africa-based health tech company that tries to improve healthcare through multidisciplinary clinical teams.

South Africa 78

South Africa Product Africa Sweden 78

TechCrunch

DECEMBER 2, 2021

And the South Africa-based crowd-solving startup has done that over the last three years they have been in existence. South African Megan Yates and Ghanaian Ekow Duker are the platform’s other co-founders. Zindi is a database of data scientists across Africa. Photo Credits : Zindi.

South Africa 94

South Africa Africa Problem Data 94

TechCrunch

AUGUST 31, 2021

“This is the largest batch we have ever funded and it’s about 50% international. As a result, it is not surprising that this is the largest cohort from Africa,” Y Combinator managing director and group arptner Michael Seibel told TechCrunch when asked if any extra factor contributed to the rise in accepted African startups.

Nigeria 122

Nigeria Egypt Africa Group 122