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Nigerian fintech startup Zeeh Africa gets funding to consolidate financial data

Ghanaian cleantech startup Kofa secures funding to make clean energy affordable and accessible

Nigerian fintech startup Zeeh Africa has funding to consolidate financial data in a single platform.

Zeeh Africa secured the funding from Tekedia Capital, a firm investing in mainly technology-anchored companies operating in any industry, including finance. Founded in 2022, Zeeh Africa specializes in unifying financial data in one place, offering a comprehensive solution for businesses and individuals.

 

The startup plans to utilize the funds to further develop its cutting-edge financial data consolidation platform, which aims to revolutionize how financial institutions manage and analyze vast amounts of data. By offering a unified solution, Zeeh Africa aims to tackle the challenge of fragmented financial information across various systems and platforms, enabling banks, insurance companies, and other financial institutions to streamline their operations efficiently.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Ghanaian cleantech startup Kofa secures funding to make clean energy affordable and accessible

Ghanaian cleantech startup Kofa secures funding to make clean energy affordable and accessible

Kofa, a dynamic startup based in Ghana, has secured funding to revolutionize the energy sector with its pioneering Battery-as-a-Service (BaaS) model.

In a bid to overcome the limitations of traditional energy storage systems, Kofa has set its sights on powering the nation’s future with a sustainable and innovative approach. Kofa’s game-changing BaaS model allows customers to access advanced battery technology without the hassle of upfront costs or ownership.

 

This transformative service allows residential and commercial clients to tap into the advantages of energy storage without bearing the burden of heavy capital investment. By proactively harnessing renewable energy sources, Kofa aims to bridge the gap between intermittent power supply and constant demand. Kofa’s recent funding round was led by Mercy Corps Ventures, Shell Foundation, UK’s FCDO (Foreign, Commonwealth & Development Office), and Wangara Green Ventures.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Nigerian B2B e-commerce startup Sabi raises $38 million in Series B funding

Nigerian B2B e-commerce startup Sabi raises $38 million in Series B funding

Sabi, a prominent B2B African e-commerce platform, has raised $38 million in Series B funding at a valuation of $300 million.

The substantial valuation was driven by a consortium of investors, including Commerz Ventures, Norrsken22, Fluent Ventures, Proof VC and pan-African early-stage investors CRE Venture Capital and Janngo.africa Capital. The funding injection will fuel Sabi’s expansion plans, enhance its technological infrastructure, and bolster its market presence across multiple African countries.

 

Sabi’s platform seeks to revolutionize how B2B transactions are conducted in Africa, providing a seamless digital marketplace for buyers and sellers to connect, negotiate, and trade goods and services. By leveraging technology and economies of scale, Sabi has successfully transformed the traditional B2B landscape, simplifying complex procurement processes and streamlining supply chains for businesses of all sizes.

 

The new funding will enable Sabi to develop its platform further, enhancing its features and user experience. Additionally, Sabi plans to invest significantly in its logistics network and expand its reach to underserved regions, ensuring that businesses across Africa can access a reliable and efficient B2B e-commerce ecosystem. The success of Sabi reflects the increasing investor interest in African startups and highlights the untapped opportunities within the B2B e-commerce space.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Kenyan end-to-end fundraising startup, Raise, has secured undisclosed funding from San Francisco-based firm, Carta

Kenyan end-to-end fundraising startup, Raise, has secured undisclosed funding from San Francisco-based firm, Carta

Kenyan African ecosystem’s end-to-end fundraising startup, Raise, has secured undisclosed funding from San Francisco-based firm, Carta.

Founded in 2018, Raise is on a mission to help African startups to manage equity, seed rounds, legal compliance, and close deals faster. Raise’s platform is designed to simplify cap table management for startups and companies operating within the African ecosystem by providing a comprehensive solution for managing shareholding structures before and after fundraising.

 

This allows businesses to focus on growth and building a successful future. Carta’s investment in Raise underscores the immense potential of the African fundraising ecosystem. The capital injection will fuel Raise’s technological advancements, enhancing the platform’s capabilities and enabling it to serve its users better. By combining their expertise and resources, Raise and Carta aim to unlock new opportunities, foster sustainable growth, and amplify the impact of social initiatives across the region.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Cameroon-based fintech Nkwa App secures $15,000 in funding to accelerate financial inclusion and promote a saving culture

Cameroon-based fintech Nkwa App secures $15,000 in funding to accelerate financial inclusion and promote a saving culture.

Cameroon-based fintech startup Nkwa App has raised $15,000 in Seed Funding to accelerate financial inclusion and promote a saving culture

The funding came from local angel investors called Cameroon Angels Network (CAN). Launched in 2020, Nkwa allows its users to regularly save money directly from their mobile phones simply and more safely for their future projects. The startup, which is supported by Cameroon’s Ministry of Finance, plans to invest the latest round of funding in onboarding more customers and scaling operations. Nkwa was among 15 African fintech startups selected to participate in the fifth edition of “CATAPULT: Inclusion Africa,” organized by the Luxembourg House of Financial Technologies (LHoFT) last October.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Nigerian cold-chain startup Figorr (Formerly Gricd) raises $1.5 million to revolutionize perishables insurance

Nigerian cold-chain startup Figorr (Formerly Gricd) raises $1.5m to revolutionize perishables insurance

Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.

The funding round was led by Atlantica Ventures VC Fund, with participation from VestedWorld, Jaza Rift Ventures and Katapult VC. Founded in 2019, Figorr leverages advanced analytics, machine learning algorithms, and real-time monitoring to provide unparalleled insights into temperature-sensitive cargo. This enables businesses in the agriculture and health sectors to proactively manage risks, prevent losses, and optimize their supply chain operations.

 

By harnessing the power of data and technology, Figorr is revolutionizing the perishables insurance sector and safeguarding the integrity and quality of perishable goods throughout the supply chain. The startup will invest the latest round of funding in accelerating its expansion plans, enabling them to scale its operations and establish strategic partnerships with key players in the cold-chain industry.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Egypt’s Balad secures seven-figure Pre-seed funding to drive financial inclusion

Egypt's Balad secures seven-figure Pre-seed funding to drive financial inclusion

Balad, a rising star in the Egyptian fintech scene, has closed a seven-figure pre-seed funding round.

The funding round was led by Acasia Ventures, with participation from other investors such as Launch Africa Ventures, Future Africa, V&R, MAGIC Fund, First Circle Capital, Sunny Side, and several family offices. Founded in 2022, Balad aims to revolutionize financial inclusion in Egypt by leveraging innovative technology solutions. With a strong focus on the unbanked and underbanked population, Balad aims to empower individuals and small businesses with access to financial services that were previously out of reach.Through this investment, Balad is now equipped with additional resources to expand its operations, strengthen its technology infrastructure, and scale its services to reach more individuals and businesses in need.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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 SA e-health startup Quro Medical raises $1.3m from the Mineworkers Investment Company

SA e-health startup Quro Medical raises $1.3m from the Mineworkers Investment Company

Quro Medical, a pioneering leader in innovative healthcare solutions, has secured a $1.3 million investment from the Mineworkers Investment Company (MIC).

Founded in 2018, Quro Medical is at the forefront of redefining healthcare delivery in South Africa. With a vision to provide quality care outside traditional hospital settings, Quro Medical’s Hospital-at-home Services offer a transformative approach that brings personalised medical care to the comfort of patients’ homes. The new investment will empower Quro Medical to expand its operations, scale its services, and further develop its cutting-edge technology platform. The startup’s latest investment marks a pivotal moment in its journey towards reshaping healthcare in South Africa.

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.
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Chargel raises $2.5m seed funding to revolutionize logistics in Francophone Africa

Chargel raises $2.5m seed funding to revolutionize logistics in Francophone Africa

Senegalese logistics company Chargel has secured $2.5 million seed funding for Francophone Africa expansion.

The funding round was led by Logos Ventures, with the participation of Ventures Platform Fund, Foundation Botnar, DFS Labs, and Seedstars.

Founded in 2018, Chargel is revolutionizing the trucking industry in Francophone Africa by seamlessly connecting shippers with the perfect transporters at competitive prices and managing everything from payments to fuel and insurance. As part of its mission to simplify the logistics landscape, the innovative startup is creating the biggest trucking network in Senegal. This move is aimed at empowering shippers to find reliable transporters while helping transporters increase their operations’ efficiency by maximizing truck capacity

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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.