This funding round will reportedly provide 30Med with the resources needed to further develop its platform and expand its reach within the medical community.

Founded in 2023 by Ayman Ragab, 30Med operates in the B2B space, aiming to bridge the gap between pharmaceutical companies and physicians.

The company leverages interactive videos and conference events to showcase new medicines and facilitate continuous learning for medical professionals.

According to the company’s website, 30Med boasts a user base of over 2,000 doctors actively engaged with the platform, seeking to stay updated on the latest advancements in medicine and pharmaceuticals.

“This funding is a strong validation of our mission,” said Dr. Ayman Ragab, CEO of 30Med. “It allows us to accelerate our efforts in transforming medical education.”

The press release highlights 30Med’s existing partnerships with pharmaceutical companies in Egypt, underlining the startup’s commitment to reshaping the medical education landscape within the country.

This funding round follows a successful $1 million pre-seed funding secured in November 2023.

The fresh capital will be used to propel ORA’s launch of its e-wallet feature, enabling instant money transfers for users.

This functionality is being developed through a partnership with M2T, a subsidiary of Banque Centrale Populaire, ensuring secure and reliable transactions.

Founded in 2023 by Omar Alami, the ORA app boasts over 300,000 downloads and provides a comprehensive platform for Moroccans, including peer-to-peer transactions, and access to an e-commerce marketplace.

The upcoming e-wallet integration, facilitated by the M2T partnership, aims to further revolutionize financial services in Morocco.

This feature will allow users to seamlessly combine social interaction with financial transactions within the app.

“This development is a significant step towards expanding digital and financial inclusion in Morocco,” said Alami.

“We are committed to offering accessible e-commerce and digital payment solutions to all Moroccans, bridging the gap between traditional and modern commerce while fostering an inclusive digital economy.”

The investment comes courtesy of Elm, a Saudi Arabian investment firm known for supporting burgeoning technology ecosystems around the world.

Youverify aims to leverage this partnership to streamline Anti-Money Laundering (AML) compliance for businesses, bolster global risk assessment capabilities, and most importantly, expand its product offerings and delve into new markets.

Founded in 2018, Youverify caters to both individuals and businesses seeking verification solutions.

Individuals can utilize the platform to confirm their identities, registration status, and ownership details using reliable government data.

Businesses, on the other hand, benefit from Youverify’s extensive reach, with its services spanning over 145 jurisdictions in 48 countries – exceeding their initial target of covering 30 African nations.

Youverify’s impressive growth trajectory is further underlined by the sheer volume it handles – processing over 4 million applications monthly for a clientele exceeding 3,500 companies.

Their verification capacity has also witnessed a significant jump, growing from 400 million individuals to a staggering 5 billion.

This expansion extends to the business realm as well, with Youverify now boasting the ability to verify 600 million businesses across diverse sectors like telecoms, gaming, travel, and healthcare.

Youverify leverages the power of artificial intelligence (AI) and established mathematical models to analyze and assess risks.

This investment is one of the largest ever secured by a single Ethiopian startup.

Dodai, which translates to “foundation” in Japanese, was established in 2023 by Yuma Sasaki.

The company focuses on assembling and distributing electric motorbikes in Ethiopia.

The funding round attracted prominent investors, including Nissay Capital, the venture capital arm of a $500 billion Japanese asset management firm, marking their first investment in Africa. Musashi Seimitsu, a $3 billion revenue automotive parts supplier, also participated.

According to Yuma, 80% of the funds will be directed towards importing electric motorbike parts and lithium batteries.

The remaining capital will be allocated towards operational expenses and software development for a battery swapping system planned for launch by the end of 2024.

Driven by the goal of improving lives through large-scale solutions, Yuma identified e-mobility as a key area to address after exploring various sectors like electricity, finance, and real estate.

He believes electric motorbikes can significantly address transportation challenges in Addis Ababa, create employment opportunities, and reduce government reliance on fuel.

This funding round positions Dodai for further growth and potentially paves the way for future expansion into other African markets.