Tag: Digital Transformation

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Ghana’s Venture Capital Trust Fund Leads $10.5M Investment in Mirepa’s Maiden Fund To Support SMEs

New Investments

Ghana's Venture Capital Trust Fund Leads $10.5 Million Investment in Mirepa's Fund For SMEs

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Ghana’s Venture Capital Trust Fund (VCTF) has led a $10.5 million investment in Mirepa’s Maiden Fund..

The investment marks a significant milestone in Ghana’s efforts to support local entrepreneurship.

Mirepa’s Maiden Fund, a pioneering venture capital fund launched by Mirepa Capital, aims to fill the funding gap for Ghanaian small and medium-sized enterprises (SMEs).

The fund will primarily focus on companies in the technology, fintech, health tech, and renewable energy sectors.

Mirepa’s Maiden Fund seeks to drive job creation and contribute to sustainable development by investing in these innovative ventures.

The investment in Mirepa’s Maiden Fund is expected to attract additional contributions from local and international investors, further boosting the fund’s firepower to support budding entrepreneurs.

As Ghana continues to foster a conducive environment for SMEs, the collaboration between Ghana’s Venture Capital Trust Fund and Mirepa’s Maiden Fund is poised to play a pivotal role in catalyzing the growth of innovative ventures and creating job opportunities.

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Linda Bonyo

Linda Bonyo

Linda is a Kenyan lawyer and tech entrepreneur specializing in digital law.

She is the Founder of the Lawyers Hub , a Pan-African Digital policy and Justice innovation organization. Lawyers Hub is a Law-Tech startup working on digital policy and Justice innovation in Africa.

Driven by the need for sustainable and inclusive Tech Policy across the African Continent, the Lawyers Hub has brought together policymakers and prime movers from 20+ countries to engage in discussions and develop policy briefs on Data & Elections, Artificial intelligence, Digital Tax and Digital Identity amongst others.

Trained in commercial and immigration law, Linda founded Lawyers Hub to upskill African lawyers in technology law and train ecosystem players and governments to understand the policies that govern the tech industry.

 
 

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Regina Honu

Regina is a Ghanaian social entrepreneur and software developer harnessing the power of technology to promote social change in West Africa.

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May 29, 2023

Chinedu Echeruo

Chinedu is a successful serial entrepreneur and an entrepreneurial ecosystem builder. Born in Nigeria, Chinedu has founded several companies over the past two decades.

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May 26, 2023

Cedric Atangana

Cedric Atangana is a Cameroonian entrepreneur and technology innovator known for contributing to the African tech ecosystem.

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August 10, 2023
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Babs Ogundeyi

Babs Ogundeyi

Babs Ogundeyi is a Nigerian fintech entrepreneur known for his entrepreneurial spirit and vision in leveraging technology to solve real-life challenges, particularly in the banking and financial services industry.

He is the Co-Founder and CEO of Kuda Bank, a fintech company on a mission to make financial services more affordable, accessible and rewarding for every African.

 

Babs is a true visionary, breaking barriers and reshaping the banking landscape in Nigeria.

 

With Kuda Bank, he has challenged the norms, introducing a digital-only platform that empowers people with banking services at their fingertips.

 

Founded in 2019, Kuda Bank is the pioneer of Africa’s Neobanks/fintech generation by offering banking services that let consumers conduct all of their transactions without visiting a physical office.

 

Babs’ journey is an inspiration to aspiring entrepreneurs everywhere. With determination and ingenuity, he turned a simple idea into a disruptive reality, proving that with the right mindset, anything is possible.

 

His contribution to Africa’s fintech ecosystem has earned him several awards, and he has previously been named one of the most influential people in African technology by Forbes and The Africa Report.

 
 
 

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Gregory Rockson

Gregory is a Ghanaian tech entrepreneur who dreams of increasing the availability and access to high-quality medicine in Africa.

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May 26, 2023

Tokunboh Ishmael

Tokunboh is a Nigerian mentor, entrepreneur and investor who has dedicated her career to driving economic growth and social impact in Africa.

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May 25, 2023

Shamim Nabuuma Kaliisa

Shamim is a Ugandan innovator, Social Entrepreneur, and the mastermind behind a popular cancer screening app helping thousands of African women detect the disease.

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May 26, 2023
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Nigerian cloud analytics platform Terragon raises $9 million in Series B round for expansion

New Investments

Nigerian cloud analytics platform Terragon raises $9 million Series B round for expansion

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Terragon, a leading data analytics company specializing in cloud-based solutions, has secured $9 million in a Series B funding round.

The funding round was led by Orange Ventures, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld, and Western Technology Investment (WTI).

The strong backing from these influential investors is a testament to the confidence in Terragon’s capabilities and the potential for significant growth in the cloud analytics sector.

Founded in 2009, Terragon is on a mission to revolutionize data analytics by harnessing the power of the cloud.

Over the years, the company has developed innovative solutions that help businesses extract meaningful insights from vast amounts of data, driving smarter decision-making and enhancing operational efficiency.

With the fresh infusion of capital from the Series B funding, Terragon plans to accelerate its growth and expand its reach into new markets.

The company will focus on scaling its cloud analytics platform, enhancing its data processing capabilities, and furthering its commitment to research and development.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Nigeria-based merchant solution platform Traction raises $6 million seed to scale its operations

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Nigeria-based merchant solution platform Traction raises $6 million seed to scale its operations

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Nigerian-based merchant solution platform Traction has secured a $6 million seed to scale its operations.

The funding was led by Multiply Partners and Ventures Platform with participation from P1 Ventures, amongst other investors.

Traction’s platform offers a comprehensive suite of payment solutions, catering to merchants of all sizes, from small businesses to large enterprises.

By leveraging advanced technology and robust security protocols, Traction has set new standards for seamless and secure payment transactions.

The Nigerian payment industry has experienced tremendous growth in recent years, driven by the increasing adoption of digital payments and e-commerce.

As the largest economy in Africa, Nigeria presents significant opportunities for fintech companies to tap into a market with over 200 million people, most of whom remain unbanked or underbanked.

With Traction’s innovative approach to merchant acquiring and the backing of major investors, the company is well-positioned to capture a significant share of this burgeoning market.

The funds raised in the seed round will primarily be directed towards expanding the platform’s merchant network, enhancing its technology infrastructure, and investing in talent acquisition to scale operations effectively.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Nigerian healthtech startup Remedial Health secures $12 million in Series A funding for expansion

New Investments

Nigerian healthtech startup Remedial Health secures $12 million in Series A funding for expansion

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Remedial Health, a leading health tech startup based in Nigeria, has raised $12 million in a Series A funding round.

The funding round was co-led by QED Investors and Ventures Platform.

Launched in 2022, Remedial Health aims to revolutionize healthcare access and delivery in Africa by leveraging cutting-edge technology.

The company is on a mission to digitize the pharmaceutical supply chain by providing software for pharmacies and hospitals to manage their inventory and sales.

The startup also helps pharmacies source pharmaceutical products for their shelves from major manufacturers and distributors, including GSK, Pfizer, AstraZeneca, Emzor, and Fidson Healthcare.

The newly secured capital will be used to further expand their platform’s capabilities and scale operations.

Remedial Health’s Series A funding comes during increased interest and investment in Africa’s health tech sector.

With a rapidly growing population and advancements in technology adoption across the continent, investors are recognizing the immense potential for innovative healthcare solutions.

As the healthcare landscape continues to evolve, startups like Remedial Health are at the forefront of driving innovation and leveraging technology to improve lives, making strides towards a healthier and more equitable future for Africa.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Ethiopian health tech YeneHealth raises Pre-Seed funding to bridge the healthcare gap in Africa

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Ethiopian health tech YeneHealth raises Pre-Seed funding to bridge the healthcare gap in Africa

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Ethiopian health-tech startup YeneHealth has raised Pre-Seed funding to bridge the healthcare gap in Africa.

YeneHealth’s latest funding round was led by African VC and Jaza Rift Ventures, a leading health-tech-focused venture capital firm.

Founded in 2021, the company is committed to unlocking the digital door of healthcare services for African women of reproductive age.’

YeneHealth’s web and mobile application is designed to provide African women of reproductive age with confidential and comprehensive access to sexual and reproductive healthcare services.

The platform offers a range of features, including health information, telehealth services with verified providers, an e-pharmacy service with discreet delivery, and personalized tools such as period tracking and medication monitoring.

The latest round of investment will accelerate YeneHealth’s role as a frontrunner in the femtech space on the continent.

The funds will be utilized to expand the platform’s reach, enhance product development, and establish strategic partnerships, ultimately enabling YeneHealth to build on the foundation needed to serve the more than 280 million women of reproductive age across Africa.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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South African solar energy firm GoSolr secures new investment from African Rainbow Capital for clean energy acceleration

New Investments

South African solar company GoSolr secures new investment from African Rainbow Capital for clean energy acceleration

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South African solar energy firm, GoSolr, has secured a substantial new investment from African Rainbow Capital (ARC), a leading investment firm.

The strategic investment marks a significant milestone for GoSolr and paves the way for accelerated growth and expansion in the country’s clean energy landscape.

GoSolr has been at the forefront of harnessing solar power to drive sustainable and eco-friendly solutions in South Africa.

With a mission to promote clean energy adoption and combat climate change, GoSolr’s innovative solar technologies have already positively impacted both residential and commercial customers seeking renewable energy alternatives.

ARC’s investment in GoSolr is aligned with its commitment to fostering sustainable businesses and promoting a greener future for Africa.

The collaboration aims to create a stronger clean energy ecosystem in South Africa and facilitate the widespread adoption of renewable energy solutions.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Kasha, a Rwandan-based e-commerce platform that provides access to women’s health and personal care products, has raised $21 million in a Series B funding round

New Investments

Kasha, a Rwandan-based e-commerce platform that provides access to women’s health and personal care products, has raised $21 million in a Series B funding round

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The investors who participated in the funding round include Knife Capital, Finnfund, DFC, Tim Koogle (ex-Yahoo CEO), Beyond Capital Ventures, Altree Capital, Bamboo Capital Partners’s BLOC Smart Africa Fund and Five 35 Ventures

Founded in 2016, Kasha aims to bridge the gap in access to women’s health products and personal care items, addressing the challenges faced by many women in obtaining these essential items discreetly and conveniently. The latest funding round marks a significant milestone for the company, enabling Kasha to expand its health access platform across Africa and further its mission of empowering women with affordable and confidential health solutions.

 

The $21 million Series B investment comes when there is a growing focus on women’s health and empowerment in Africa.Kasha’s efforts align with the United Nations Sustainable Development Goals (SDGs), particularly SDG 3 (Good Health and Well-Being) and SDG 5 (Gender Equality).

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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