The Empower Africa Business Platform is Now Live !!!
Founded in 2022, Cynoia is dedicated to simplifying and streamlining collaboration within organizations.
Its innovative platform integrates a comprehensive suite of essential tools, from chat and video conferencing to email and calendar management, document handling, and project management.
Currently serving over 3,000 users across nine countries, Cynoia is poised for further expansion following this strategic funding round led by United Gulf Financial Services, 216 Capital Ventures, and Bpifrance.
The startup aims to capitalize on the burgeoning UEMOA markets, with Senegal and Ivory Coast identified as key growth targets.
“We are thrilled to have secured this funding, which will enable us to accelerate our expansion plans and make Cynoia the go-to collaboration platform for businesses across West Africa,” remarked Riahi, CEO of Cynoia.
“Our partners share our vision of empowering teams with a centralized platform that enhances collaboration and productivity.”
Cynoia’s expansion into UEMOA is a testament to its commitment to revolutionizing team collaboration across Africa.
With its innovative platform and strong leadership, the startup is well-positioned to significantly impact the region.
“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.

The funding round attracted participation from Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund, Shivdasani Family and other angel investors.

The European Investment Bank (EIB) is preparing to invest USD 38 million in Tanmiya Capital Ventures Fund II, a private equity vehicle aimed at strengthening Egypt’s private sector while enhancing trade and investment links with the European Union.

The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.