TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million.

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TechCrunch

DECEMBER 1, 2022

Kenya-based Uncover Skincare is one of them and it seeks to revolutionize the sector through data-led manufacturing that is aligned with the needs of the modern African woman. Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January.

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TechCrunch

FEBRUARY 11, 2021

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9%

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TechCrunch

AUGUST 15, 2023

Months before Kenya finally banned iris scans by Sam Altman’s crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data. The crypto startups said it hopes to resume activities in Kenya soon.

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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 $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years. billion, three times what it was worth back in 2019.

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TechCrunch

OCTOBER 13, 2022

Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. There’s still so much room to better serve millions of families in Kenya.

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5 Joseph Rehmann founded Victory Farms in 2015.

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TechCrunch

JANUARY 25, 2021

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . There, she started Kilimo Salama , as a micro-insurance program for more than 200,000 farmers in Kenya and Rwanda. million farmers.

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TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. and Kenya, currently has nine partners; however, the CEO declined to mention their names.

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TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? How many deals and how much did African startups raise? Briter Bridges : African startups raised $4.9 billion to $1.5

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TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 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. Smartphone re-commerce startup Badili raises $2.1M

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TechCrunch

FEBRUARY 13, 2023

The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. BuuPass raises $1.3M Others do not have provisions for seat reservation.

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TechCrunch

JANUARY 16, 2023

Kwara says the Kuscco deal comes at the right time in its plan to double down on Kenya. “We The new funding brings the total seed amount raised by the startup to $7 million. Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions.

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TechCrunch

JUNE 16, 2021

When Reetch first came to Kenya from France in November 2020, it wasn’t easy to get affordable ready-to-eat meals. “After three days of coming into Kenya, I asked where I can get great food at a cheap price, and everybody tell me it’s impossible,” he told TechCrunch.

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TechCrunch

FEBRUARY 9, 2022

Kenya-based EV startup BasiGo has closed $4.3 million includes $930,000 raised during the pre-seed round late last year. “We million in seed funding, three months after setting up operations in East Africa’s biggest economy , to provide clean-energy mass transit vehicles in a country that is heavily-reliant on fossil-fuel buses.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. Also, a long-overdue pan-African expansion to Ghana and Kenya is top priority. Mono is one of the three API fintech companies to have raised a seed investment this year.

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TechCrunch

AUGUST 29, 2022

In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.

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TechCrunch

MARCH 21, 2022

A wholesale e-commerce platform based in Kenya, with hubs in the Americas, Asia and Europe, Powered by People , has secured $5 million in seed funding to increase its transaction volume by growing the number of small brands using its B2B online marketplace to reach international buyers.

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TechCrunch

JANUARY 18, 2022

Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September.

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TechCrunch

NOVEMBER 23, 2022

Ramani , a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, plans to introduce new financial services as it expands its operations in the East African country after raising $32 million in Series A debt-equity funding. Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .

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TechCrunch

MAY 14, 2023

million seed funding it has raised in a round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult. The startup has so far raised $1.7 The startup has so far raised $1.7 Outside Nigeria, Figorr’s solutions are currently used in Ethiopia , Ghana , Kenya , South Africa , Tanzania and Uganda.

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TechCrunch

DECEMBER 8, 2022

Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 We’ve built an extensive distribution channel covering almost half of the high schools in Kenya, and that means we have an opportunity to solve other tech needs that schools have,” said Nyangolo. “We

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. The seed round was a mix of $7 million equity and $10 million debt.

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TechCrunch

JANUARY 27, 2022

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U.,

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TechCrunch

MAY 17, 2023

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.

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Nonprofit Tech for Good

DECEMBER 19, 2021

Adidas recently sold out their inaugural Into the Metaverse NFT line and as far as we know none of the $23 million raised went to support a nonprofit. That said, there are NFTs that are being sold to raise money for charity with many, many more to come. Virtual Reality (VR).

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TechCrunch

FEBRUARY 21, 2022

MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. This latest round (equal amount of debt and equity) brings the total funds raised by MarketForce to date to $42.5

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. 2021 was when African tech reached an inflection point and took center stage as companies raised over $4 billion (more than they got in 2019 and 2020 combined). It wasn’t a bad year, though. billion and $2.8

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TechCrunch

SEPTEMBER 15, 2022

However, a change-point is in the offing as insurtechs like the Kenya-based insurtech Turaco introduce new technologies and products that are disrupting the market. Kenyan insurtech Lami raises $3.7M Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth. seed extension led by Harlem Capital.

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Have Fun - Do Good

JUNE 1, 2011

She's also the Founder and CEO of Raising Change. Raising Change helps organizations raise capital to advance social change agendas, and helps individuals create Generosity Plans. You can connect with Kenya through CD Baby, Source Consulting Group , and Facebook.

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TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.

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TechCrunch

JUNE 29, 2022

Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. Though white and raised in Italy, Bisignani travelled widely in Africa when she was young. The company raised $2.5

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TechCrunch

JANUARY 12, 2022

SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion.

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TechCrunch

SEPTEMBER 27, 2022

The new funding brings the total amount raised in the round to $14.4 Kenyan agtech iProcure raises $10.2M Kenya-based agritech Apollo raises $40 million in Softbank-led round, joined by Chan Zuckerberg Initiative, CDC. Ghanaian agtech Farmerline raises $1.5M Ghanaian agtech Farmerline has secured $1.5 debt funding.

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