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MyCover.ai, a Nigerian startup specializing in insurance technology solutions, has secured $1.25 million to disrupt the traditional insurance industry in Africa

New Investments

MyCover.ai, a Nigerian startup specializing in insurance technology solutions has secured $1.25 million to disrupt the traditional insurance industry in Africa

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The investment was led by prominent venture capital firms led by Ventures Platform Fund, with participation from Founders Factory Africa and Techstars, who are making a follow-on investment.

Founded in 2021, MyCover.ai aims to disrupt the traditional insurance industry in Africa by leveraging cutting-edge technology to provide accessible, transparent, and personalized insurance products to individuals and businesses alike. This recent pre-seed funding will play a crucial role in supporting the startup’s expansion plans and advancing its mission of fostering financial inclusion across the continent.

MyCover.ai’s innovative approach to insurtech centers around harnessing the power of artificial intelligence (AI) and data analytics to create tailored insurance solutions that meet the unique needs of customers. Through their platform, users can easily access a range of insurance products, from health and life coverage to property and auto insurance, all at competitive and affordable rates.

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Egyptian fintech startup Flash has raised $6 million in seed funding to expand its product offerings and accelerate its growth in Egypt and beyond

New Investments

Egyptian fintech startup Flash has raised $6 million in seed funding to expand its product offerings and accelerate its growth in Egypt and beyond

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The investment round was led by Addition Capital , a venture capital firm headed by former Tiger Global executive Lee Fixel, Flourish Ventures and strategic angel investors.

Founded in 2021, Flash offers cashless payment solutions through its scan-and-pay service, allowing consumers and businesses to make transactions conveniently using QR codes. The startup is on a mission to eliminate the need for cash and physical cards, providing an alternative to expensive NFC-enabled point-of-sale (POS) systems.

Flash’s flagship product is a mobile app that allows users to make and receive cashless payments at merchants across Egypt. Flash also offers a variety of other financial services, including loans, savings accounts, and insurance. With the new funding, Flash plans to expand its product offerings and accelerate its growth in Egypt and beyond. The company plans to launch new lending, savings, and insurance products.

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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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Ham Serunjogi

Ham is a Ugandan fintech entrepreneur helping design products and deliver services that improve people’s lives — one transaction at a time.

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Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding

New Investments

Moroccan proptech startup Agenz has secured $1.3 million pre-Series A funding

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Propel, a Nigerian talent-matching startup that builds sustainable talent pipelines for communities, has raised $2.74 million in seed funding.

The funding will be instrumental in scaling the startup’s AI-powered real estate platform, which leverages advanced technologies to streamline property transactions and deliver a seamless property search experience. The investment round attracted notable investors, including Azur Innovation Management Fund, MITC Capital – Maroc Numeric Fund Fund II, and beenok, an international investment fund.

 

Founded in 2021, Agenz incorporates artificial intelligence, machine learning, and data analytics to provide valuable insights and personalized recommendations to property professionals and prospective buyers. Agenz aims to simplify and optimize the property search process, making it more efficient, transparent, and user-friendly. Agenz’s AI-powered platform offers a range of features and benefits to property professionals and individuals seeking their dream homes.

 

The platform enables real estate agents to efficiently manage their property listings, automate tedious administrative tasks, and gain valuable market insights to better serve their clients. Agenz’s ambitious plans to scale its AI-powered real estate platform align with Morocco’s growing proptech landscape and the increasing demand for digital solutions in the property market.

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Nigerian mobility fintech startup Moove has secured $8 million in funding to fuel the expansion of its vehicle fleet in Ghana

New Investments

Nigerian mobility fintech startup Moove has secured $8 million in funding to fuel the expansion of its vehicle fleet in Ghana

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Nigerian mobility fintech startup Moove has secured $8 million in funding to fuel the expansion of its vehicle fleet in Ghana.

The investment will enable Moove to enhance its presence in the Ghanaian market, further revolutionizing the mobility sector and providing accessible and convenient transportation solutions to individuals and businesses. The innovative business model of Moove combines mobility solutions with fintech capabilities, providing affordable and reliable transportation options to individuals and businesses.

 

Leveraging technology and data analytics, Moove aims to bridge the transportation gap and revolutionize the mobility landscape in emerging markets. With the new funding from Absa Corporate and Investment Banking (CIB), Moove plans to expand its vehicle fleet in Ghana, allowing more people to benefit from its efficient and convenient transportation services.

The investment will enable the company to meet the growing demand for mobility solutions in Ghana and enhance its operational capacity to serve a wider customer base.

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Oliver Wleh Klark Jr

Oliver Wleh Klark Jr

Oliver Wleh Klark is a Liberian entrepreneur making waves in Africa’s tech Industry and recently emerged as the winner of the prestigious 2023 West African Founder Award at the Global Startup Awards.

With a passion for innovation and a keen eye for opportunity, he has been at the forefront of transforming the technological landscape in West Africa.

Armed with sharp business acumen and a determination to make a difference, he has become a beacon of inspiration for aspiring entrepreneurs and tech enthusiasts across the region.

He is the Founder and CEO of Advanced Converged Technologies LLC (My Watchman), a full-service emergency app with a 24/7 emergency response network and emergency dispatch command centre.
The app is Africa’s first, reliable, easy-to-use SOS / 911 Mobile App with a 24/7 secured emergency dispatch command centre.

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Salma Baghdadi

Salma Baghdadi

Salma Baghdadi is a true visionary and entrepreneur who has made remarkable contributions to the startup ecosystem in Tunisia and beyond.

Her passion for innovation and unwavering dedication have left an indelible mark on the entrepreneurial landscape. Salma’s journey began as an entrepreneur, founding and leading two tech startups in Tunisia and France. Her firsthand experience as a startup founder has provided her with invaluable insights into the challenges and triumphs of building and scaling a business.

As part of Startup Tunisi
a, Salma plays a pivotal role in building bridges between the Tunisian startup ecosystem and international counterparts. Her tireless efforts facilitate knowledge exchange, collaboration, and the creation of meaningful partnerships.

Through her expertise and dedication, she connects Tunisian startups to global resources, networks, and opportunities, propelling them toward international success.
Salma’s profound impact is felt through her involvement in designing programs that address the most urgent challenges faced by local startups. Her commitment extends to managing the Startup Act in Tunisia and collaborating on the implementation of the country’s new legal framework for startups.

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 Ikpeme Neto

Ikpeme Neto

Ikpeme is a Nigerian internal medicine physician and digital health entrepreneur at the forefront of driving innovation and impacting the Nigerian health-tech landscape.

He is the Founder of Wellahealth, a startup building health and financial technology to improve healthcare access and quality across Africa. Wella Health provides affordable and accessible health insurance plans for common illnesses leveraging pharmacies as the point of care.

As the Founder of the health-tech startup, Ikpeme is on a mission to make healthcare financially accessible to low-income communities.
His contributions to the healthcare sector and commitment to leveraging technology for social change have earned him well-deserved recognition and admiration.

Ikpeme Neto’s commitment to societal impact extends beyond business, with his affiliation with PandemicTech, an organization dedicated to supporting innovative solutions for global health challenges, demonstrating his passion for leveraging technology to address critical issues.

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Angela Homsi

Angela Homsi

Angela is an inspiring tech entrepreneur who is making waves in the realm of sustainable development in Africa.

Having worked with renowned organizations such as Siemens and Microsoft, she has honed her digital transformation, innovation, and sustainability skills. Angela’s expertise lies in leveraging technology to address societal challenges and create sustainable solutions.

She is the Founder of Ignite Power, a clean infra-tech company developing, operating, and financing resilient clean energy-based distributed solutions across Africa.
Ignite’s solutions are deeply affordable and environmentally friendly, rolling out nation-scale interventions, leaving no one behind.

Angela is also a member of the team at Seeds of Peace, where she supports the development of youth who are committed to making a difference.
Her passion for technology, sustainability, and social impact makes her a trailblazer driving sustainable change.

Through her work, she inspires entrepreneurs and leaders to harness the power of technology and innovation for the betterment of society.

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Onyekachi Izukanne

Onyekachi Izukanne

Onyekachi is a Nigerian tech entrepreneur with a mission to empower retailers in emerging markets, particularly Africa.

He is the Co-founder and CEO of TradeDepot, a technology-driven platform that connects retailers in emerging markets with consumer goods suppliers.

By leveraging technology, TradeDepot aims to digitize the supply chain, streamline distribution, and empower small retailers to access a wide range of products efficiently.

Onyekachi’s leadership and vision have driven TradeDepot’s growth and impact.

Through the platform, he is addressing the challenges faced by small retailers, such as limited access to credit, inventory management difficulties, and inefficient supply chain processes.

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