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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 611721 | Tags:

Text message marketing startup Postscript raises $35m to fuel the future of customer communication via SMS
Published: 04-03-2021 | 12:10:00 | By: Pie Kamau
Postscript, the text message marketing platform for Shopify stores, announced a new round of Series B funding of $35 million led by Greylock, with participation from YC Continuity Fund, OpenView, and others


Interlace Ventures adds new venture partners to expand strategic investments in tech-enabled commerce
Published: 03-03-2021 | 09:39:48 | By: Pie Kamau
Interlace Ventures announced it has expanded its team with two commerce technology luminaries. Vibhu Norby and Sydney Werber will join as venture partners while retaining their respective roles at b8ta and Avise.


Silicon Road Ventures announces $31m close of fund
Published: 02-03-2021 | 15:58:00 | By: Pie Kamau
Silicon Road Ventures today announced the close of its $31 million fund focused on commerce tech. Silicon Road invests in US-based technology startups ranging from seed to series A across e-commerce, retail and CPG.


Nigerian startup Kwik Delivery expands its delivery service to 4-wheels vehicles
Published: 02-03-2021 | 15:28:39 | By: Pie Kamau
Kwik Delivery has announced today that it is expanding its app-based breakthrough delivery service to 4-wheels delivery vehicles.


Union Bank of Nigeria to support startups through UnionX Innovation Challenge
Published: 26-02-2021 | 15:09:00 | By: Pie Kamau
Union Bank, one of Nigeria’s foremost financial institutions, has unveiled the 2021 UnionX Innovation Challenge, as part of efforts to support young startups and boost innovation in the startup ecosystem.


Horizon Technology Finance provides $9m venture loan facility to Primary
Published: 26-02-2021 | 11:52:00 | By: Pie Kamau
Horizon Technology Finance Corporation, a specialty finance company announced it has provided a $9 million venture loan facility to Primary Kids (Primary), of which $6 million has been initially funded.


Early-stage investor DFS Lab announces fintech and digital economy design sprint for startups in Egypt
Published: 25-02-2021 | 09:09:00 | By: Pie Kamau
Early-stage investor DFS Lab announced it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt. The sprint is hosted by the Central Bank of Egypt, in collaboration with the Financial Regulatory Authority.


Emotive startup raises $50m Series B funding to accelerates growth of its conversational text message platform
Published: 25-02-2021 | 08:46:00 | By: Pie Kamau
Emotive, the first and only conversational text message platform for eCommerce brands, announced the closing of a Series B funding round of $50 million led by CRV, bringing the company's valuation to $400 million.


Software startup FloorFound raises raises $4m to turn oversized goods returns into resale profit
Published: 24-02-2021 | 12:27:00 | By: Pie Kamau
FloorFound, a software platform that facilitates returns and resales of oversized products for eCommerce retailers, closed a $4 million seed round led by LiveOak Venture Partners.


Cloud infrastructure startup Pipe17 raises $8m to help high-growth e-Commerce merchants close demand and operations gap
Published: 23-02-2021 | 08:06:00 | By: Pie Kamau
Pipe17, the connected infrastructure company for e-commerce, announced the closing of an $8 million round of funding led by GLP Capital Partners, the U.S.-based investment arm of GLP.


DFC invests $1m in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Published: 18-02-2021 | 13:50:00 | By: Pie Kamau
The U.S. International Development Finance Corporation (DFC), disbursed a $1 million equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya.


Livestream commerce startup talkshoplive raises a $3m to further scale its network
Published: 18-02-2021 | 11:19:00 | By: Pie Kamau
talkshoplive (TSL), a Los Angeles-based livestream commerce company, announced it has closed a $3 million seed round of financing led by Spero Ventures LLC, to further scale the livestream network.


January sees record number of investments in Israeli startups despite the pandemic, SNC reports
Published: 16-02-2021 | 10:01:00 | By: Pie Kamau
Analysis by Israeli NGO Start-Up Nation Central (SNC), has revealed that January 2021 saw record investments in Israel during a single month. Six startups raised more than $100 million each (mega rounds) during the month, totaling 73% of the total.


Venture philanthropy platform Sparo joins Microsoft for Startups program
Published: 10-02-2021 | 11:51:00 | By: Pie Kamau
Maryland-based early-stage company Sparo has joined the Microsoft for Startups program to scale its trademarked Purchase with a Purpose platform on Microsoft Azure.


Canadian tech startup Vegano disrupts meal-kit delivery services market
Published: 29-01-2021 | 14:47:42 | By: Pie Kamau
Vegano, Canada's first plant-based meal-kit delivery service, is helping Canadians take plant-based living beyond Veganuary. Following its official launch on January 4, 2021, Vegano has delivered over 800 meals.


e-commerce startup Sturish raises $3.2m to build AI based growth platform for SMBs
Published: 28-01-2021 | 12:24:00 | By: Pie Kamau
Sturish, an AI driven e-commerce growth platform that establishes and grows online businesses across multiple channels and global markets, closed a $3.2 million seed funding round to hire additional talent and build out its technology platform.


Investcorp acquires SaaS based e-commerce solutions provider Unilog
Published: 20-01-2021 | 12:38:04 | By: Bob Koigi
Investcorp has announced that it has entered into an agreement to acquire Unilog, a Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the United States.


Indian food and grocery e-commerce startup Jumbotail secures $14.2m Series B3 funding from VII Ventures
Published: 18-01-2021 | 16:44:00 | By: Pie Kamau
India's food and grocery e-commerce and new retail platform Jumbotail secured a $14.2 million Series B3 funding from VII Ventures (Seven Ventures).


India's Z3Partners announces first close of Tech & Digital Fund, invests in Cyfirma and DealShare startups
Published: 12-01-2021 | 10:36:00 | By: Pie Kamau
Z3Partners Tech Fund announced its First Close of $14 million and its investments in Cyfirma, a Cyber Threat Intelligence Software startup and DealShare, a Social Commerce-led online grocery startup.


Fashion tech startup uSizy helps UK retailers brace for record sales of £28 billion this Christmas
Published: 22-12-2020 | 12:23:00 | By: Pie Kamau
In the wake of recent retail closures across the UK, fashion technology startups are delivering much-needed innovation to help merchants maximise online sales and optimise unprecedented digital demand this Christmas.


HexGn, AFRIEF launch startup program to accelerate African youth careers
Published: 15-12-2020 | 08:59:00 | By: Pie Kamau
HexGn, a consulting firm known for fast-tracking entrepreneurship and upcoming technologies globally, has joined hands with the Africa Islamic Economic Foundation (AFRIEF), to launch its flagship startup program, HexGn Startup Explore, in Africa.


Plant-based activewear startup TVAAG launches on Kickstarter
Published: 02-12-2020 | 15:03:49 | By: Pie Kamau
Plant-based activewear startup TVAAG announced its launch on on Kickstarter. Founded in P.E.I in 2020, TVAAG uses a combination of Indian traditional textile manufacturing principles and modern fabric technology in sustainable fashion.


Pet supply startup Petpal raises capital via equity crowdfunding to expand e-Commerce operations in India
Published: 01-12-2020 | 12:29:00 | By: Pie Kamau
Pet supply startup Petpal has developed a one-stop platform for pet owners to get the food, medicine, and accessories they need to keep their pets happy and healthy.


Innovative startup Sell&Buy USA launches online marketplace exclusively for American-made products
Published: 01-12-2020 | 12:10:00 | By: Pie Kamau
Innovative startup Sell&Buy USA has launched an online marketplace exclusively for American-made products, co-founded by tech entrepreneurs Kiché Rubalcava and Mariam Bulin-Diarra.


Food & beverage e-commerce startup Feast & Fettle raises $1.2m to expand into Massachusetts and Connecticut
Published: 24-11-2020 | 13:10:00 | By: Pie Kamau
Feast & Fettle, a premium, fully-prepared meal delivery service based out of Rhode Island, announced the closing of a $1.2 million Seed round led by Salem Capital Management.


African fintech startup Chipper Cash raises $30m backed by Amazon CEO Jeff Bezos
Published: 23-11-2020 | 15:02:00 | By: Pie Kamau
African fintech startup Chipper Cash has secured a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.


Kwik Delivery startup partners with Total on e-commerce fulfilment and delivery service in Nigeria
Published: 23-11-2020 | 07:44:26 | By: Pie Kamau
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.


Ibnsina Pharma acquires 75% stake in Egyptian health and beauty products startup 3elagi
Published: 18-11-2020 | 10:25:12 | By: Pie Kamau
Ibnsina Pharma signed an agreement to acquire 75% stake in Egyptian health and beauty products startup 3elagi Tech, a platform that links pharmacies with patients to order medicines and cosmetics online.


Mastercard co-innovates with 10 new fintechs to reshape the future of commerce
Published: 10-11-2020 | 07:30:00 | By: Pie Kamau
Mastercard has welcomed 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce.


Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Published: 09-11-2020 | 14:51:00 | By: Pie Kamau
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.


Shift4 Payments acquires 3dcart ecommerce platform
Published: 07-11-2020 | 13:12:46 | By: Bob Koigi
Shift4 Payments, a provider of payment processing and technology solutions, has announced the acquisition of 3dcart, an ecommerce platform serving over 14,000 businesses.


Kenyan agritech startup Farmers Pride raises $220k funding from Gray Matters Capital’s coLABS
Published: 06-11-2020 | 13:15:00 | By: Pie Kamau
US-based impact investor Gray Matters Capital announced its funding in Kenya's agritech startup Farmers Pride, a one stop e-commerce platform that connects village level farmers to quality inputs, services and information.


Paxful partners with African fintech startup Uhuru Wallet to ease money transfers
Published: 04-11-2020 | 11:49:00 | By: Pie Kamau
Crypto marketplace Paxful announced it is adding Uhuru Wallet as a payment method to its platform, to help provide easy access to the crypto economy for users in Southern Africa.


Fintech startup ORSNN launches whole-loan trading platform to beta
Published: 02-11-2020 | 15:33:00 | By: Pie Kamau
ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.


Nestlé USA acquires food delivery startup Freshly
Published: 02-11-2020 | 15:11:00 | By: Pie Kamau
Nestlé announced it has acquired food delivery startup Freshly, fresh-prepared meal delivery services in the U.S. The deal values Freshly at $950 million, with potential earnouts up to $550 million contingent to the successful growth of the business.


Swedfund invests in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Published: 30-10-2020 | 08:28:00 | By: Pie Kamau
Swedfund, the Swedish Development finance institution, announced its investment in Kasha Global, a Femtech e-commerce platform with subsidiaries in Rwanda and Kenya, to support women’s health and self-care.


Luxury e-commerce startup ShopWorn enters Asia with Hong Kong satellite
Published: 28-10-2020 | 13:23:53 | By: Pie Kamau
ShopWorn, e-commerce destination for well-priced, guaranteed authentic luxury brands opened a Hong Kong satellite location to directly service APAC countries, with an initial focus on the Greater China area.


Washington-based startup Fabric launches headless commerce platform with $9.5m seed funding to grow D2C, B2B brands
Published: 21-10-2020 | 12:08:00 | By: Pie Kamau
Fabric, headless commerce platform purpose-built for growth launched its cloud-native experience and commerce product suite and announced $9.5 million in seed funding led by Redpoint Ventures, with participation from Sierra Ventures and Expa.


Stripe acquires Nigeria's fintech startup Paystack to accelerate online commerce across Africa
Published: 16-10-2020 | 08:58:00 | By: Pie Kamau
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.


Egyptian last-mile delivery startup dreevo launches operations with pre-seed funding from EF Logistics
Published: 14-10-2020 | 16:11:00 | By: Pie Kamau
Egyptian last-mile delivery focused startup dreevo raised a six figure US dollar in a bootstrap, pre-seed funding round from EF Logistics, a third party logistic services provider, to introduce agile and affordable technological solutions.


Lunchbox partners with Sodexo and Kiwibot for contactless food delivery
Published: 14-10-2020 | 13:40:06 | By: Bob Koigi
Lunchbox, has partnerered with Sodexo and delivery robot startup Kiwibot, to facilitate autonomous and contactless food delivery across the University of Denver (UD) for students.


Point Pickup raises $30m to meet growing demand for enterprise e-Commerce final-mile delivery
Published: 09-10-2020 | 13:43:00 | By: Pie Kamau
Point Pickup Technologies, the company that has successfully reinvented the final-mile delivery model for many of the US's top e-Commerce enterprises, has raised $30 million from BBH Capital Partners.


Subscription Management startup Chargebee secures $55m to capture global shift to subscriptions
Published: 07-10-2020 | 12:51:00 | By: Pie Kamau
Chargebee, the subscription billing and revenue operations platform powering thousands of fast-growth subscription businesses announced a $55 million Series F funding round led by Insight Partners.


Halifax partners with ShopHere powered by Google to help small businesses sell online
Published: 06-10-2020 | 15:21:22 | By: Bob Koigi
Halifax Partnership has launched the ShopHERE powered by Google program in Halifax, a Canadian initiative that helps small businesses build online stores.


Harvard-incubated startup MarqVision launches AI-powered platform to protect brands from counterfeits
Published: 21-09-2020 | 13:43:44 | By: Pie Kamau
MarqVision, an AI-based SaaS company, launched its brand protection platform that helps brands effortlessly detect and remove counterfeits on online marketplaces.


Fintech startup KodyPay raises £1.8m to transform payments industry
Published: 17-09-2020 | 12:35:00 | By: Pie Kamau
London based fintech startup KodyPay, raised £1.8 million to transform the payments industry, allowing users to pay for goods in-store without queueing thereby making shopping a prompt and effortless process.


AppDirect raises $185 million funding to fuel global expansion
Published: 17-09-2020 | 11:42:16 | By: Bob Koigi
AppDirect, the subscription commerce platform, has announced investments of $185 million from global institutional investor Caisse de dépôt et placement du Québec (CDPQ) and existing investors.


Trust Payments partners with messaging and e-commerce startup Wakanda Messenger to empower Africans around the world
Published: 17-09-2020 | 11:05:41 | By: Pie Kamau
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger.


Wix announces Wix Capital, internal venture arm to invest in global startups
Published: 16-09-2020 | 14:23:00 | By: Pie Kamau
Wix.com, the global leader in website creation, announced its own venture capital initiative, Wix Capital, to invest in technology innovators that are focused on the future of the web.


GoDaddy acquires SkyVerge to boost online sale with WordPress and WooCommerce
Published: 15-09-2020 | 12:37:00 | By: Bob Koigi
GoDaddy Inc. , the company that empowers everyday entrepreneurs, has entered into a definitive agreement to acquire SkyVerge, a WooCommerce product developer.


Klarna announces $650 million funding round to accelerate global growth
Published: 15-09-2020 | 12:22:00 | By: Bob Koigi
Klarna, the global payments and shopping service, has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion.


Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
Published: 15-09-2020 | 12:07:00 | By: Pie Kamau
Nigerian e-commerce startup Kwik Delivery released a WooCommerce plugin, enabling thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores.


GreenTec invests in Cameroon digital farm startup Freshbag
Published: 11-09-2020 | 08:28:33 | By: Bob Koigi
GreenTec has announced its investment in Freshbag, an innovative digital Cameroon platform that connects farmers and vendors to ensure a fair and reliable food supply network.


Early investors in 4IR startups set to reap rewards
Published: 08-09-2020 | 15:45:00 | By: Pie Kamau
Early investors in startups with exposure to the fourth industrial revolution (4IR) are benefiting from significant revenue growth despite the physical constraints introduced by governments’ responses to the Covid-19 pandemic.


e-commerce startup Pharmapacks closes $40m bridge round financing
Published: 03-09-2020 | 15:12:00 | By: Pie Kamau
Pharmapacks, a leading e-commerce enablement platform and retail seller for brands across major ecommerce marketplaces announced the closing of a $40 million bridge round financing.


On-demand grocery startup Weee raises $35 million to accelerate expansion
Published: 28-08-2020 | 15:33:48 | By: Bob Koigi
Asian e-grocer in the United States, Weee!, has announced $35 million in Series C financing led by DST Global; bringing the total capital raised to over $100 million.


Oregon based cannabis e-commerce startup Dutchie completes $35m Series B funding round
Published: 19-08-2020 | 15:13:00 | By: Pie Kamau
Dutchie, the world's largest and fastest-growing e-commerce solution for cannabis dispensaries announced the completion of its $35 million Series B funding round, bringing Dutchie's total funding to $53 million to date.


Ukrainian startup Liki24 raises $5m from Horizon Capital, existing investors to fuel European expansion
Published: 14-08-2020 | 14:46:00 | By: Pie Kamau
Liki24, Ukraine-based e-commerce platform for medicine delivery, raised a $5 million round from Horizon Capital and existing investors, bringing total funding raised to date to $6 million.


Kenyan retail-tech startup MarketForce 360 selected for Y Combinator Summer 2020 Batch
Published: 12-08-2020 | 14:17:00 | By: Pie Kamau
Kenyan retail-tech startup MarketForce has been selected for the Silicon Valley based Y Combinator Summer 2020 batch.


[Startup Interview] Ian Sendagala, CEO, eFoods Trade, Uganda
Published: 08-07-2020 | 14:23:00 | By: Bob Koigi
eFoods Trade is an African online B2B marketplace connecting African foods to the global markets. The platform targets food importers, exporters, distributors, and manufacturers. Ian Sendagala the CEO explains.


GreenTec Capital invests in Nigerian wholesale e-commerce startup Pricepally
Published: 07-07-2020 | 15:34:25 | By: Pie Kamau
GreenTec Capital Partners announced its investment in Pricepally, an innovative digital Nigerian wholesale platform allowing users to purchase food and other products either individually or as a part of a group.


British startup Cazoo reaches unicorn status, gets extra £25m funding
Published: 23-06-2020 | 10:41:00 | By: Pie Kamau
British used-car startup Cazoo has joined the exclusive list of companies known as unicorns, with valuations in excess of $1 billion.


Germany experience management startup zenloop raises €6.1 million to fund expansion
Published: 18-06-2020 | 15:14:47 | By: Bob Koigi
zenloop, an integrated experience management platform based in Germany has announced a financing round of 6.1 million euros.


US fintech startup PruPay partners with PayPal to launch touchless payments
Published: 29-05-2020 | 16:56:00 | By: Bob Koigi
PruPay, a U.S.-based payments technology company has joined forces with PayPal to launch touchless pay for customers through text messaging.


Irish startup Buymie enters UK online grocery market in a deal with Co-Op
Published: 26-05-2020 | 15:02:00 | By: Bob Koigi
Irish startup Buymie has teamed-up with Co-op to offer same-day home grocery deliveries to over 200,000 households across Bristol.


Bolt raises €100m from Naya Capital to expand transport, food delivery services in Europe and Africa
Published: 26-05-2020 | 15:02:00 | By: Pie Kamau
Estonia-based Bolt has closed an investment round of €100m from Naya Capital Management to help the company continue to scale its product segments from ride-hailing to micro-mobility and food delivery in Europe and Africa.


Kenya's retail-tech startup MarketForce 360 secures $350,000 in seed investment
Published: 26-05-2020 | 13:43:00 | By: Pie Kamau
Mesozi Group announces the close of USD 350,000 seed investment from a group of strong Kenyan angel investors through ViKtoria Business Angels Network(VBAN), alongside Growing Africa Capital and global VCs.


[Startup Interview] Cyrus Mulinge, CEO, Trots Technologies, Kenya
Published: 21-04-2020 | 13:15:00 | By: Pie Kamau
Cyrus Mulinge is the CEO of Trots Technologies, a Kenyan based mobile commerce platform that allows seamless and uninterrupted interaction between businesses and their audiences.


[Column] Penny Whitelaw: Fashion ecommerce opportunities amid Covid-19
Published: 10-04-2020 | 16:13:00 | By: Pie Kamau
We are living in unprecedented times. The widespread outbreak of coronavirus has created uncertainty across industries, fashion retail being particularly vulnerable with the closure of bricks and mortar stores.


[Startup Interview] Nathaniel Ndegwa, Managing Director, Tipping Point Media, Kenya
Published: 11-03-2020 | 12:46:00 | By: Bas Vlugt
Nathaniel Ndegwa is the Managing Director of Tipping Point Media, a Kenyan digital marketing startup that has now grown its clientele to 15 countries,, with a bias to SMEs and E-commerce


[Startup Interview] Penny Whitelaw, CEO, Scircula, The Netherlands
Published: 11-02-2020 | 16:10:00 | By: Pie Kamau
Penny Whitelaw tells all about her startup Scircula. As one of the five winning startups, Scircula will speak on the main stage of Cross Media Congress 2020.


[Startup Interview] Yvette Uwimpaye, CEO, Murukali, Rwanda   
Published: 31-05-2019 | 12:18:00 | By: Bob Koigi
Yvette Uwimpaye is the founder and CEO of Murukali, one of Rwanda’s pioneer e-commerce startups that has been in operation since 2015 and now boasts of a clientele spanning USA, Australia, Switzerland, Uganda and Kenya.