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Channel 4 launches initiative targeting entrepreneurs who are overlooked by venture capitalists
Channel 4 is launching Untapped, a ground-breaking commercial initiative to invest in entrepreneurs who have traditionally been overlooked by the VC ecosystem.
[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
Film tech startup KINO Studios secures $2m to reshape the entertainment economics
KINO announced $2m oversubscribed pre-seed funding round.
Sony launches Sony Innovation Fund Africa
Sony has launched ''Sony Innovation Fund: Africa" to support the growth of the entertainment businesses in Africa.
London-based startup Unitary raises $15m for AI-driven content moderation
Unitary has raised $15m in a Series A round to scale its AI video classification technology.
Magnitude Digital launches grant program to offer growth marketing services to startups
Magnitude Digital is launching the Magnitude Digital Startup Grant.
Nigerian mobility startup Mecho Autotech raises $2.4m, ventures into wholesale spare parts distribution
Nigerian mobility startup Mecho Autotech, has closed $2.4m pre-Series A investment.
Pink Shark PR launches Startup Press Accelerator program
Pink Shark PR has launched first of its kind Startup Press Accelerator program.
Mythic Protocol raises $6.5m to build the world first collaborative entertainment
Mythic Protocol has closed an oversubscribed $6.5 million seed round.
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
AI chat startup Chai announces $205m valuation
Chai, the AI chat entertainment platform, has announced a $205 million valuation.
Nigerian mobility fintech Moove secures $76m funding for global expansion
Nigerian mobility fintech Moove, has secured $76 million in new funding.
Nigeria's Remedial Health raises $12m to deliver financial services for neighborhood pharmacies
Remedial Health has secured $12m in an equity and debt funding round.
Beeyond Media raises $10m seed funding round to drive growth across US and LATAM
Beeyond Media announced the close of $10 million seed round
South Korean tech startup Wayne Hills produces sci-fi film using generative AI
Tech startup Wayne Hills has kicked off producing sci-fi films using generative AI.
Ayoba, Adanian Labs launch accelerator programme in Nigeria
Ayoba has partnered with Adanian Labs to launch an SME accelerator program in Nigeria.
Nigerian healthtech startup Helium Health raises $30m Series B funding
Helium Health announced it has raised $30 million in Series B funding.
Nigeria's regtech startup Youverify launches its full cycle compliance solutions in Kenya
Youverify has officially entered the Kenyan market.
Nigerian cold-chain startup Gricd rebrands as Figorr, secures $1.5m seed funding to support data-driven insurance for perishable goods in Africa
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5m seed funding.
Nigerian fintech startup Grey expands into Kenya
Nigerian fintech startup Grey has picked Kenya as its East African Hub as it expands operations in the largest economy in the East African Community.
Tech Seoul partners with Starta Ventures to expand global outreach for Korean startups
Tech Seoul, an online English news platform, announced it has signed a partnership agreement with Starta Ventures, a mid-sized venture capital firm based in New York, to support the global expansion of Korean startups.
Nigerian payments startup Nomba raises $30m pre-Series B funding round
Nigerian payment service provider Nomba has raised a $30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.
GigaStar launches next gen funding experience for YouTube creators
GigaStar, a startup bringing Creators and Fans together as partners, announced that its next-generation marketplace launched in beta, offering YouTube Creators streamlined access to Fan funding.
GRASP fellowship invests in African women researchers
The Kenyan women, and others selected for the GRASP Fellowship, are set to participate in a series of interventions, including leadership and mentoring training, designed to enable them to become more effective policy practitioners
Nigerian fintech firm Zone adopts ThetaRay AI Solution to screen payments
Zone (formerly Appzone) and ThetaRay announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.
Nigerian fintech startup Moni unveils new community-powered digital loans for African SMEs
Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.
Meet the 10 tech startups in the inaugural Geekz Ventures pre-accelerator
US-based pre-accelerator Geekz Ventures has announced its class of 10 startups for its inaugural cohort program.
[Interview] Ayodeji Ayorinde, Co-founder, Artisankonect, Nigeria
Artisankonect is a Nigerian startup that helps outsource user requests to skilled persons. Startup Weekly chats with Ayodeji Ayorinde, one of the Founders.
Nigerian government launches $672 million fund to support tech startups
The government of Nigeria has set aside $672 million fund to support young investors in the tech and creative industries.
[Interview] Joel Daniel, Founder, Solutions Platforms, Nigeria
Joel Daniel is the founder of Solutions Platforms, a company that grooms young people to succeed and have global relevance by leveraging its various programs designed to foster international education.
[Column] Gur Geva: How biometrics can fuel inclusive growth in Nigeria’s ICT sector
Nigeria is at an inflection point where it needs to adopt enabling technologies at scale to support high growth in the telecommunications and digital sectors.
[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked, Nigeria.
African fintech Flutterwave secures two additional licenses in Rwanda
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
African Media Agency, Africa Fintech Summit partner to promote fintech innovation in Africa
African Media Agency (AMA) and Africa Fintech Summit (AFTS), have announced a strategic partnership aimed at increasing awareness about the fintech industry's innovation in Africa and promoting the upcoming summit throughout the continent.
[Interview] Jesse Onomiwo, Co-founder, Autosparkle, Nigeria
Autosparkle is part of Riltouche and Sparkles, a company dedicated to building the largest chain of the most eco-friendly cleaning solutions out of Africa.
Mexican TV audiences back AI dubbing over subtitles, report
The world's biggest entertainment distributors could win over millions of TV viewers currently swerving non-domestic content by deploying AI dubbing, new research suggests.
Videocites partners with NBA to provide greater insights into league’s social media exposure with initial closing of Series B funding
Videocites, creator of the next-generation analytics solution that reveals the true social footprint created by fans and partners on social media, announced the initial closing of a Series B round.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
Renewable energy startup PAM Africa launches first ever net zero villages in Nigeria
PAM Africa, a Nigerian renewable energy startup has launched Net-Zero Villages (NZVs) consisting of a community that is designed with a whole system thinking approach to offset more greenhouse gases (GHG) than it produces.
[Interview] David Galadima, Founder, Graemoh Foods, Nigeria
Passionate about sustainable agriculture, aquaculture and food security in Africa, David Galadima is the Founder of fast growing agriculture and processing company, Graemoh Foods, operating out of the northern state of Kaduna, Nigeria.
CcHUB launches $15m accelerator for edtech startups in Kenya and Nigeria
Co-Creation Hub (CcHUB), touted as Africa’s largest innovation and incubation hub, announced it is launching a $15 million accelerator program for targeting edtech startups.
London-based TDGA secures NewMedia Holding as lead investor in $20m seed round
London-based TDGA, the owner of the biggest brand in Space Media today, Space Hero, announced a $20 million seed round.
[Interview] Seyi J. Matanmi, Founder, Hosteet, Nigeria
Seyi J. Matanmi is a technology product developer and entrepreneur. Educated in software development, research and analytics, he currently leads the cloud services outfit, Hosteet, operating out of Lagos, Nigeria.
Nigerian fintech startup Trade Lenda raises $520K in pre-seed round to accelerate growth
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520K in pre-seed funding to speed its growth.
Nigerian fintech Flutterwave expands into North Africa with new Egypt payments licenses
Flutterwave, Africa's payments technology company, has announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt.
Kenyan government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave, according to a new report by Bloomberg.
12 African startups selected for Techstars Accelerator program in Lagos, Nigeria
ARM Labs Lagos Techstars Accelerator, a Lagos-based program to build early-stage African fintech and proptech startups has announced its inaugural class. The cohort is made up of ten Nigerian and two Kenyan startups, with 50% female CEOs.
Spotcovery, serving as a bridge between African Americans and Africans, launches optimization tool on site
Spotcovery, the innovative media platform that connects descendants of the African continent while promoting culture, creativity, entrepreneurship and economic growth, has launched the Slickstream optimization tool.
Video AI startup ShortTok appoints Jayan Eledath as CTO to accelerate innovation, drive growth
ShortTok, an early-stage software company developing automated visual storytelling technologies, announced the appointment of Jayan Eledath as the new Chief Technology Officer (CTO) to accelerate innovation and drive growth.
Nigerian fintech firm TeamApt reaches annualized payments volume of $170 billion, rebrands to Moniepoint
TeamApt Incorporated, the business banking platform in Nigeria, has adopted the name of its flagship product - Moniepoint, a testament to its success as the all-in-one digital banking solution for businesses.
Nigerian agritech startup Releaf secures $3.3m pre-Series A funding, unveils new technologies to drive profitability for consumer goods manufacturers
Releaf, a Nigerian agritech startup, has raised $3.3 million in an oversubscribed pre-Series A funding round.
[Startup Interview] James Adebisi, Founder, Oruis Medical, Nigeria
Orius Medical is a Nigerian health startup that provides mental care and support through psychotherapy and mental health education.
Nigerian online furniture store Taeillo raises $2.5m for expansion
Nigerian online store Taeillo, announced a $2.5 million funding round from Aruwa Capital, a growth equity and early-stage investor.
African tech startup SeamlessHR picks Nairobi as its East African Hub
Nigeria’s tech startup SeamlessHR has launched its offices in the Kenyan market, choosing Nairobi as its East African Hub.
First investment of Mastercard Foundation Africa Growth Fund goes to Aruwa Capital Management
The first investment of the Mastercard Foundation Africa Growth Fund has gone to Aruwa Capital Management, a gender-lens $20 million fund dedicated to Nigeria's SMEs, managed by a first-time woman-led fund manager.
Nigerian foodtech Orda raises $3.4m seed round to digitize African restaurants
Nigerian foodtech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.
Nigerian fintech startup Pivo raises $2m seed round to accelerate growth
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.
GhanaWeb, Age Africa Agency sponsor YouTube Creators Festival in Ghana
Ghana’s leading online media platform, GhanaWeb, and Age Africa Agency, the foremost YouTube agency with a Multi-Channel Network (MCN) in Africa, are co-sponsoring the second edition of the YouTube Creators Festival.
Full-service marketing agency Suite Innovators launches to drive exponential growth for health and wellness tech startups
Suite Innovators announced the launch of its boutique marketing agency dedicated to driving unprecedented levels of growth and acclaim for health, wellness, and fitness technology startups.
Gen-Z founded Voyce.Me closes seed round at $2.5m led by Torch Capital
Voyce.Me, a first-of-its-kind manga and webtoon creator platform founded by 21-year-old Dylan Telano, closed a seed round at $2.5 million led by Torch Capital.
Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.
Dutch fintech venture Yabx expands into Nigeria
Yabx, a fintech venture headquartered at Netherlands, announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.
CardinalStone Capital Advisers announces $6m investment in Nigerian healthtech startup AfyA Care
West African private equity fund manager, CardinalStone Capital Advisers (CCA), has announced a $6 million investment in Nigeria's healthtech startup AfyA Care.
Nigerian lending startup Payhippo acquires Maritime Microfinance Bank
Nigeria’s credit-led SME fintech Payhippo has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans
Kenya, Nigeria and South Africa lead fintech growth in Africa, Mastercard
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent.
Globo partners with American startup HeadSpin to improve User Experience of Smart TVs
LatAm media group Globo, announced a strategic partnership with HeadSpin, the developer of a data science driven digital experience intelligence platform used to provide flawless digital experiences.
Nigerian social commerce startup Bumpa raises $4m seed funding to build the future of commerce for African sellers
Nigerian social commerce startup Bumpa announced it has raised $4 million seed round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures.
President Buhari signs Nigeria Startup Bill into law
Nigeria has become the latest country to pass a Startup Bill, giving a more formal approach to how the startup ecosystem is governed.
Nigerian mobility fintech Moove raises £15m financing facility to scale UK operations
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
Nigerian healthtech startup Lifestores raises $3m to expand its pharmaceutical marketplace
Nigerian healthtech startup Lifestores Healthcare has raised $3 million for expansion across the country in a pre-Series A funding round.
Norwegian audio-tech startup Nomono secures €3.55m seed round to scale its podcasting and audio solutions
Nomono, the pioneering developer of audio recording and collaboration tools that help podcasters and journalists tell immersive audio stories, announced the closing of €3.55 million investment round.
Nigerian fintech startup Kippa launches business registration platform to support SMEs
Nigerian fintech startup Kippa has launched Kippa Start, a business registration platform to enable Nigerian MSMEs scale through their businesses.
Healthtech startup Remedial Health secures $4.4m to provide access to credit for pharmacies in Nigeria
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria.
Nigerian blockchain payments startup Bitmama closes $2m pre-seed round to scale growth
Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus closing the round at $2 million led by Unicorn Growth Capital and Launch Africa.
French AI and cloud media startup Newsbridge closes €7m funding round to develop U.S. presence
Newsbridge, the French AI & Cloud Media company has raised €7 million Series A funding round to continue its expansion to the U.S.A, and hire top AI and Media Engineering talent.
Ghanaian health tech startup mPharma acquires majority stake in Nigeria’s HealthPlus
Ghanaian health tech startup mPharma has acquired a majority stake in HealthPlus, a pioneer pharmacy chain in Nigeria.
African fintech startup Flutterwave launches eNaira payments for businesses in Nigeria
Flutterwave, Africa's payments technology company announced its merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria.
Nigerian fintech startup Kippa raises $8.4m seed round to accelerate growth
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round led by Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Multimedia startup Tract raises $7m to empower kids develop 21st century skills through content creation
Tract, the online community where kids teach kids through multimedia, announced its $7 million seed funding round led by NEA.
Nigerian fintech startup NowNow raises $13m seed round to expand across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13 million in its seed round for expansion across Africa.
Fintech startup Duplo raises $4.3m seed funding to transform business-to-business payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
African fintech startup Flutterwave secures switching and processing license from Central Bank of Nigeria
Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN), widely regarded as CBN's most valuable payments processing license.
Nigerian mobility fintech Moove joins forces with Uber UK to bring electric vehicles to London
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
Nigerian fintech startup Grey raises $2m to simplify cross-border payments across Africa
Nigerian fintech startup Grey has raised $2 million in seed funding to simplify cross-border payments across Africa. The seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund and other high-profile investors.
Nigerian B2B e-Commerce startup Omnibiz raises $15m for expansion
Nigerian B2B e-Commerce startup Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
Nigerian last-mile delivery startup Kwik launches in Ibadan
Nigerian last-mile delivery startup Kwik Delivery announced it has officially launched its innovative and just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan.
Budmail announces partnership with Canadian AI startup Lil Durk
Lil Durk (LilDurk.com), a Canadian news & technology company enhanced by AI-driven neural networks, has announced a strategic partnership agreement with Budmail, a retail-focused cannabis company.
Canadian news and technology startup startup Lil Durk raises $20m to reduce misinformation
Lil Durk (LilDurk.com), a Canadian news and technology startup enhanced by A.I.-driven neural networks, announced it has raised an additional $20 million in equity through a private funding round led by Alexander Elder.
Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate
Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.
Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
Nigerian fintech startup CARMACHAIN hits over 80 million consumer profiles
Nigerian fintech startup CARMACHAIN announced it has hit over 80 million consumer profiles. This milestone is a major move for CARMACHAIN as it takes another step forward in realising its mission of decentralising data.
Nigerian fintech startup Mono launches in Kenya
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Nigerian Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana
Nigerian at-home lab testing startup HealthTracka has raised $1.5 million in funding to expand its operations into Kenya and Ghana. The pre-seed funding which was led by Ingressive Capital.
Nigerian fintech firm VeendHQ secures $330k pre-seed investment to expand operations, scale growth
Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors, to expand its operations and scale growth.
Nigerian fintech startup Indicina raises $3m seed funding to expand into other African markets
Nigerian fintech startup Indicina announced it has raised $3 million in seed funding round to foster its commitment to the credit value chain.
Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa
Constant Ventures, a part of the Constant Group, is raising a $100 million venture capital fund to invest across a range of technology startups with a focus on financial inclusion, education and healthcare.
Nigerian edtech startup Afrilearn attracts UNICEF Innovation Fund
Nigerian edtech startup Afrilearn has emerged as the only Nigerian startup to join the latest cohort of the UNICEF Venture Fund.
Nigerian fintech startup Grey partners with Cellulant for East Africa expansion
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.
Nigerian retail tech startup TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
TradeDepot, a B2B e-Commerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria Executive, Chidi Akubuiro as its Managing Director for West Africa.
Nigerian trade tech firm Norebase raises $1m pre-seed round to scale African growth
Norebase, a Nigeria-based trade technology firm announced it has secured $1 million pre-seed funding round, co-led by Samurai Incubate and Consonance Investment.
CcHUB, Google unveil 9 startups selected for the Fintech Incubation Programme
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation, announced the nine startups selected for the Fintech Incubation Programme
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
Nigerian fintech startup ImaliPay closes $3m seed funding to bring financial services to gig workers
Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers.
German tech startup Admitad invests $1.2m in service providing coupon solutions for media
IT company Admitad, with the HQ in Germany and offices in the US (Chicago) and around the world, announced an investment of $1.2 million into White Label that provides сoupon solutions for the online media.
Fintech startup Credrails partners with Access Bank to foster the future of finance in Africa
Access Bank has partnered with financial infrastructure startup Credrails to develop open finance rails that will dramatically improve the experience of banking customers across the continent.
AI-powered video commerce startup Vyrill raises $3m seed round to accelerate growth
VYRILL, a startup that enables video commerce with new, innovative 'in-video' search technology, announced the closing of a $3 million seed round of funding led by Noemis Ventures and Lightship Capital.
Nigerian B2B startup Kwik closes $2m Series A round to digitize informal African trade
French-Nigerian B2B startup Kwik, a fast-growing provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has announced that it successfully closed its $2 million Series A round.
Nigerian Big Cabal Media raises $2.3m to fuel audience growth and build new verticals
Big Cabal Media [BCM], a pan-African media company headquartered in Nigeria, has announced the close of its Seed Series fundraising round at $2.3million, led by MaC Venture Capital.
Smart addressing startup OkHi secures $1.5m seed funding to drive smart address verification in Africa
Smart addressing startup, OkHi, has secured a $1.5 million seed extension, bringing the total of its seed funding to $3 million. This raise is supported by notable firms and individuals who, beyond funding, bring a wealth of expertise to OkHi.
Salary on-demand startup Cadana partners with Flutterwave to expand into Nigeria
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
Netflix acquires Finnish mobile game developer Next Games for €65m
Netflix announced it has entered into a combination agreement to acquire Finnish mobile game developer, Next Games. Under the terms of the agreement, Netflix will commence a tender offer process to acquire all of the issued and outstanding shares of Next Games.
Billups acquires adtech startup Outchart to advance programmatic digital OOH aspirations
Billups, the largest privately held out-of-home (OOH) technology and managed services company in the U.S., has acquired the assets of Outchart, a full-stack software provider for the digital out-of-home marketplace.
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity during the Flutterwave 3.0, virtual event held on Friday, 18th February 2022.
Nigerian fintech startup Earnipay raises $4m to provide on-demand salary to workers
Nigerian fintech startup Earnipay which provides flexible and on-demand salary access to income-earners has closed a seed round of $4 million.
Remedial Health joins Y Combinator, raises $1m pre-seed funding to digitize Africa's neighbourhood pharmacies
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical sector more efficient, has raised $1 million in pre-seed funding to roll out its digital procurement.
Hamburg-based cofenster closes €8m Series A financing for expansion and product development
Software company cofenster raised €8 million in a Series A funding round led by signals Venture Capital with existing investor, Capnamic, reinvesting. In addition, a number of well-known entrepreneurs are participating as angel investors.
Achieving inclusive cocoa and palm oil commercialization in West Africa
Abugre also noted that questions remain with regards to the future of cocoa production given global price trends, climate change, farmers stepping into the sector, and income distribution effects at the local level.
Nigerian healthtech startup Reliance Health raises $40m Series B funding to accelerate growth
Reliance Health, an emerging markets-focused digital healthcare provider, announced the completion of a $40 million Series B funding round led by General Atlantic, a global growth equity investor, with participation from Partech.
Japanese powerhouses mixi and DAZN partner to create a sports NFT marketplace on Flow
Media powerhouse mixi, Inc. and global sports streaming service DAZN Japan Investment GK today announced that DAZN MOMENTS, a sports NFT marketplace, will launch on Flow, a Web3 platform designed for consumer-friendly applications.
Casava secures $4m pre-seed funding to provide micro insurance for millions of Nigerians
Casava, Nigeria's digital insurance company has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.
Nigerian proptech startup Seso Global launches regional offices in US and the UK
To better engage with communities in the diaspora, Nigerian proptech startup Seso Global has launched regional offices in the United States (US) and the United Kingdom (UK).
Podcast network startup Lemonada Media raises $8m Series A funding to accelerate growth
Lemonada Media, the podcast network that presents humanity unfiltered, raised $8 million in Series A second-round funding led by BDMI, a wholly owned subsidiary of the global media, services and education company Bertelsmann.
Creator economy startup Koji raises $20m Series B fundraise to accelerate growth
Koji, the app store for the creator economy and the world's most powerful Link in Bio platform, announced a $20 million financing led by Jump Capital, with participation from new investors HBSE Ventures.
Nigerian fintech startup P2vest records 100,000 users on its platform
Nigerian fintech startup P2vest Technology announced that its peer-to-peer lending application, P2Vest has hit 100,000 users with access to quick loans.
Creative tech startup DOOMSDAYX raises $1.5m pre-seed round to turn music fans into producers
DOOMSDAYX announced its pre-seed round of $1.5 million along with a unique NFT project in partnership with artist and web3 pioneer Haleek Maul.
Singapore-based FTAG Ventures invests over S$10m in BeLive and other livestreaming companies
FTAG Ventures raised its total investments in Southeast Asia's livestreaming solutions leader BeLive Technology to S$9.3 million, which will aid BeLive in its global expansion.
[Kenya] Sankore announces pitch competition targeting blockchain startups
Nairobi-headquartered blockchain community Sankore is launching the Sankore Pitch Competition Tour (PCT) in Nairobi.
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets.
Kenyan BNPL startup Lipa Later secures $12m funding to expand across Africa
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
Nigerian last-mile delivery startup Kwik reaches 100,000 customers, announces over 400% GMV and revenue growth for 2021
Nigeria's last-mile delivery startup Kwik Delivery, trading name of Africa Delivery Technologies SAS, announced its GMV and revenue for 2021 grew by over 400% year on year.
TV-for-business startup Atmosphere raises $100 million in funding to grow its customer footprint
Atmosphere’s announcement comes as the company doubled its customer footprint over the past year, streaming more than 250,000 hours per day in aggregate and reaching more than 20 million unique viewers each month.
Decentralized Mateverse social startup BOOM establishes $1 million fund to support creators
BOOM, a decentralized crypto native community platform focused on NFT+Social recently announced the launch of IOS and Android App.
Nigeria tech startups raised $1.7billion in 2021, report
Since the beginning of 2021, Africa-based tech startups have raised more than $2.9 billion with Nigerian startups which are creating new products, services, and platforms raising $1.7 billion of this total or about 60% of it, a new report has found.
Nigeria's Ventures Platform closes first $40m pan-African fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across Africa.
Africa-focused edtech startup Edukoya raises $3.5m pre-seed round to accelerate growth
Edukoya, an Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global with strategic participation from angel investors including European and African founders.
Nigeria’s auto financing startup Autochek begins loan services for new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new cars section on the Autochek website and mobile app.
Adanian Labs opens January 2022 cohort applications for its Venture Building Program
Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa.
MENA’s media & entertainment startup Minly acquires Dubai’s celebrity shoutout platform Oulo
Minly, the MENA region’s media & entertainment startup, announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused on the Levant region.
Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.
Nigerian autotech startup Fixit45 acquires Parkit, unveils subscription-based VIP programme
Nigeria’s autotech platform, Fixit45 announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.
Canadian startup OutPoint raises $1.2m to help high-growth brands improve paid marketing effectiveness
OutPoint, an automated media mix modeling (MMM) platform, announced it raised $1.2 million in pre-seed funding to transform how high-growth consumer brands measure paid media effectiveness and diversify marketing investments.
Africa-based cryptocurrency exchange Busha raises $4.2m seed round to deepen its market positioning
Africa-based cryptocurrency exchange Busha, raised $4.2 million seed round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.
Retail media research startup Future Commerce announces launch of weekly podcast
Infinite Shelf recognizes that digital media and eCommerce tactics and strategies are no longer confined to traditional eCommerce channels and direct-to-consumer.
Crypto Valley Venture Capital initiates investment strategy to build blockchain accelerator for African startups
African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch 03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy.
Nigerian healthtech startup Helium acquires doctor booking platform Meddy
Helium Health (Helium), the healthcare technology provider in Africa, announced it has completed the acquisition of Meddy, the GCC-based doctor booking platform, which has operations in Qatar and the U.A.E.
MoneyLion acquires creator network and content platform MALKA Media
MoneyLion Inc. an award-winning, data-driven, digital financial platform, has acquired MALKA Media Group LLC, a rapidly growing creator network and content platform.
Israeli femtech startup illumigyn partners with Peramare Pharmaceuticals to bring innovative gynecological imaging platform to Nigeria
illumigyn, world's first remote gynecological imaging platform, announced its new distribution agreement with Peramare Pharmaceuticals Nigeria, to deploy 5,000 Gynescopes in Nigeria by 2026.
PGA TOUR and WWE Join the Comcast NBCUniversal SportsTech Accelerator as advisors to its upcoming class of rising startups
Comcast NBCUniversal has announced that PGA TOUR and WWE® have joined the Comcast NBCUniversal SportsTech Accelerator, powered by Boomtown, as advisors when it commences its second cohort of startups in February 2022.
Nigeria lending startup Payhippo raises $3 million in seed funding
To date, Payhippo has disbursed 5000 loans to small businesses across Nigeria
Kenyan-based payroll startup Workpay expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core HR, Payroll, and employee record services to organizations in the country.
Nigerian Auto financing startup Autochek secures $13.1m seed funding to deepen West African footprint
Autochek, the Nigerian automotive startup which recently expanded to Kenya, has secured $13.1 million in seed funding.
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
Nigerian fintech startup Brass secures $1.7m financing round
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for SMEs, secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.
Tech-enabled PR startup Press Hook secures $1.5m funding to accelerate growth
Press Hook, a Brooklyn based, tech-enabled, public relations platform, announced $1.5 million in venture-funding after a successful year of growth, led by Emergent Ventures, The Fund and TnT Ventures.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
Nigerian e-Commerce startup Sendbox raises $1.8m to digitize deliveries for African SMEs
Nigerian e-Commerce fulfillment startup Sendbox announced the completion of $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
[Startup Interview] Femi Apesin, OnePipe Growth & Marketing Lead, Nigeria
Femi Apesin is the Head of Growth and Marketing at OnePipe, a Nigerian startup that has raised almost US$1 million in a pre-seed round with a plan to make API integration seamless for banks and fintech companies.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme, to increase the deployment of diaspora remittances and networks to provide investment capital to MSMEs and startups in Kenya, Ethiopia and Somalia.
Nigerian agritech startup Releaf secures $4.2m funding to drive industrialisation of food processing in Africa
Nigeria's agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing, raised $2.7 million in seed funding and grants.
Kenyan female entrepreneurs embrace digital platforms to power operations
A group of trailblazing Kenyan women are carving their own paths to success. From doctors to content creators, they are using the power of online platforms to amplify their voices and help others flourish.
[Startup Interview] Marko van Kampen, Co-Founder, Just Another Network, Netherlands
Just Another Network is a media company for the next generation that creates, manages and distributes news, sports and entertainment in a way that is contemporary.
[Startup Interview] Wibe van de Vijver, Co-Founder, Mohi, Netherlands
Mohi is a media startup that has created a platform where users can remove the clutter and build a space where they can organize a selection of their most enjoyable content experiences and share the absolute highlights with their inner circle.
[Startup Interview] Marcel van der Heijden, Co-Founder, GoodKarma, Netherlands
GoodKarma is a Dutch startup that works with brands to create unique experiences by offering them a host of services across branding, content, marketing, commerce and social media among others.
Agricorp raises $17.5 million to become the largest spices export startup in Africa
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes.
Dutch Startup Competition | Cross Media Congress 2021
The Cross Media Congress 2021 will take place in Amsterdam on Wednesday 14 September 2021. The 5 best media and marcom startups of the moment in The Netherlands will be speaking at this conference
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.
Tech startup Tetavi closes $20m venture round to increase its presence in North America
Tetavi, a volumetric technology platform, announced it has closed its latest venture round led by New York-based global private equity and venture capital firm Insight Partners, with participation from OurCrowd, Nimble Ventures and additional private investors.
Audent Global Asset Management leads $11.7m investment round for tech startup Ryff
Audent Global Asset Management, a full-service investment boutique providing global investment solutions, is leading the next round of financing for Ryff, a technology startup that is poised to disrupt the world of visual advertising radically and permanently.
Tech startup OneStream TV launches free streaming aggregator to battle streaming fatigue
Tech startup OneStream TV has launched a super streaming aggregator to allow consumers who are tired of paying for too many streaming services to use a single platform to discover thousands of free movies and tv shows.
PowerPublish recognized as top tech startup
PowerPublish, a virtual marketplace connecting brand marketers with journalists and writers, was recognized in annual list of top 10 tech startups.
Nigerian healthtech startup Field Intelligence expands into eleven new cities across East and West Africa
Nigerian healthtech startup Field Intelligence announced its expansion into Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and Eldoret, Mombasa, Kisumu and Naivasha in Kenya.
Oxford Foundry partners with FMDQ Private Markets to accelerate Nigeria’s startup ecosystem
Oxford Foundry and FMDQ Private Markets have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
Subscription social media startup Fanbase unveils 25 member Creator Advisory Board
Fanbase, the subscription-based social platform, unveiled its Creator Advisory Board members.
Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners.
Kenyan startup Marketforce appoints Ore Omolaja as Country Manager, Head of Business for Nigeria
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
Photo and video editing app Prequel launches venture studio program to nurture early stage tech startups
Prequel, the creative photo and video editing app, announced the launch of Prequel Venture Studio (PVS), a program that will nurture early stage tech startups in the fields of AI, computer vision, and AR-based visual art.
Nigerian fintech startup TeamApt secures Series B funding
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria.
MDaaS Global raises $2.3 million to launch digital health solution and expand across Nigeria
With this funding, the company is launching ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous care using proprietary technology.
Catalyst Fund announces Circle of Corporate Innovators to accelerate startup-corporate partnerships
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, today formally announced its Circle of Corporate Innovators, with its first members, Fidelity Bank, Ecobank, Sterling Bank, Access Bank and the VFD Group.
Monetized social media startup fanbase to debut new short form video / music editor
Fanbase, the subscription-based social platform that empowers any user to monetize their content, unveiled plans to roll out a new, short form video and music editor function.
B2B news wire startup Zenger raises $10m in Series Seed funding round
World's first digitally native wire service, Zenger News, announced it has closed a Series Seed round, raising $10 million. The investment is being used to enhance Zenger's propriety software and onboard an ever-growing number of news outlets.
Creator economy startup Koji launches New Link in Bio app, Media Wall
Koji, world's Link in Bio tool for the Creator Economy, announced the launch of Media Wall, a new Link in Bio app that gives Creators the ability to curate, organize and showcase a timeline of content to share with their audience.
Creator economy startup Koji launches brand partnership app, Sponsor Quiz
Koji, the world's powerful Link in Bio tool for the Creator Economy, announced the launch of its newest Link in Bio app, Sponsor Quiz.
Blockchain startup CiSApp to launch next gen social network
These days all the biggest social media platforms leave little to be desired due in no small part to rampant agenda-driven censorship, profit-driven privacy invasion and rampant use of fake accounts bent on selling sex or committing fraud.
Nigeria agritech startup Thrive Agric targets 50,000 farmers with new project
A natural partner for the Trade Hub, Thrive Agric has already helped over 140,000 farmers in Nigeria increase their capacities to meet supply, quality, and food safety standards required by domestic and export markets.
Podcasting startup Spokn closes oversubscribed $4m seed round funding for market expansion
Spokn, the podcasting platform for work, announced it has closed an oversubscribed $4 million seed round with funding from NEA, Y Combinator, along with Reach Capital, Funders Club, Liquid2, Share Capital, SOMA Capital, Scribble VC and Hack VC.
Fintech startup TiiCKER brings MarketWatch, CNBC, Benzinga and others to individual investors
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks unveiled an aggregated news feature to its platform.
Creator economy startup Koji launches Shoutout, personalized video requests for everyone
Koji, the Link in Bio tool for the Creator Economy, announced the launch of its newest Link in Bio feature, Shoutout. Available now in the Koji App Store, Shoutout offers Creators an opportunity to sell personalized videos to their followers.
Creator platform Fanbase attracts high-profile artists and creators, expands into three new territories
Fanbase, the subscription-based social platform that empowers creators to monetize their content and grow their fanbase, is on the verge of closing its seed round, already raising $3.1 million dollars on StartEngine.
Consumer technology startup Allstar raises $3.85m to democratize gaming content
Allstar, a consumer technology startup focused on democratizing the creation of gaming content, announced a $3.85 million seed round led by members of New York Angels.
Creator economy startup Koji launches Photo Guestbook, a customizable photo booth for your Link in Bio
Koji, the Link in Bio tool for the Creator economy, announced the launch of its newest Link in Bio feature the Photo Guestbook. The new feature allows Creators to customize a UGC photo booth that can be used for any occasion.
Legatum Center launches inaugural Legatum Foundry Fellowship for entrepreneurs in Africa
At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators.
West Africa's Uhuru Investment Partners closes growth fund at $113m with capital support from CDC
Uhuru Investment Partners (Uhuru), a middle-market private equity firm based out of Lagos and Abidjan, announced the first close of Uhuru Growth Fund I (UGF) at $113 million, with capital support from CDC Group.
Accenture invests in Nigerian fintech startup Okra
Accenture announced an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market.
Nigerian last-mile delivery startup Kwik Delivery releases Prestashop plugin
After the release of its plugins for Shopify and Magento, Kwik Delivery has released its plugin for Prestashop.
Pan-African fintech platform Appzone secures $10m Series A funding
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, announced the close of its $10 million Series A round.
Nigerian tech start-up Newwaves Ecosystems launches Africa’s first virtual meeting solution
Known as Konn3ct, the new App was developed by a young company, called Newwaves Ecosystems, led by former Chams Nigeria executive, Femi Williams.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance.
Angolan startup Manifexto creates fact-checker based on Artificial Intelligence
Manifexto, a startup from Angola, has created a fact-checker based on Artificial Intelligence. Known as Nuxo, the solution uses a machine learning algorithm that allows quick and accurate identification of fake news.
[Nigeria] Kwik Delivery closes $1.7 million financing round to fund expansion
Nigerian last-mile delivery startup Kwik Delivery has announced that it has closed its pre-Series A financing round. The company successfully raised $ 1.7 million in equity from institutional and high net worth investors.
Nigerian fintech startup Team Apt launches internship program to support women in tech
Nigerian fintech startup Team Apt has launched an internship program to support women in Technology. The program will run for six months providing a platform for young women to grow their skills.
Kenyan startup Ajua, MTN Nigeria launch Customer Management mobile app for SMEs
Kenyan based startup Ajua has partnered with MTN Nigeria to launch EnGauge, a digital e-Commerce customer engagement management mobile app to support SMEs.
Nigerian startup Kwik Delivery officially launches its just-in-time delivery service in Abuja
Nigerian startup Kwik Delivery announced it officially made available its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja.
Upstryve startup crosses seed round finish line hitting max goal through speedy crowdfunding campaign
Upstryve, a newcomer to the fast-growing online tutoring community, announced success in its crowdfunding campaign.
Austin startup Blended Sense defies all odds to provide jobs for creative professionals
When Blended Sense began as a lightbulb in actor Abigail Rose's mind just shy of two years ago, it was an answer to her own palpable, tear-inducing frustrations as a creative professional.
Nigerian fintech startup Flutterwave raises $170 million to develop complementary innovative products
Founded by entrepreneur Olugbenga Agboola in 2016, the company’s valuation is considered to be valued at more than $1 billion.
Evergreen Podcasts invests in Podcast Radio startup
Evergreen Podcasts announced an investment in Podcast Radio, a U.K.-based, independent platform for discovering and promoting podcasts through digital broadcasting and a radio-like experience.
British startup QUVRY launches free iOS videocasting app for high-quality video calls
British startup QUVRY announced the launch of its free iOS videocasting app for high-quality video calls, to transform the video call experience.
Mediahuis Ventures invests in AI coaching startup BUNCH
Mediahuis Ventures, the venture capital arm of European media group Mediahuis, is investing in BUNCH, a New York and Berlin based AI coaching startup.
Plug and Play announces 98 startups for its Spring 2021 Batches
Plug and Play has accepted 98 startups into its Spring 2021 Batches. Startups have been selected for one of the following programs that run through May: Brand & Retail, Food & Beverage, Media & Advertising, New Materials & Packaging, Supply Chain, or Sustainability.
Indian tech startup Mokusei announces $500 Press Challenge
Social impact & education centric tech startup Mokusei Intelligence (Mokusei), which funds & sponsors up to 100% of education or travel expenses of people, is on the lookout for talented communicators for their upcoming projects.
Nigerian startup Kwik Delivery expands its delivery service to 4-wheels vehicles
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
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.
[Startup Interview] Aaron Mirck, Co-Founder, Presscloud, Netherlands
Dutch startup Presscloud allows companies to handle public relations without the need for an agency by training users on the ABCs of PR and connecting them to a database of journalists and an online newsroom.
Adjuvant Capital announces $300m venture fund to improve global public health
Adjuvant Capital announced an oversubscribed $300 million fund focused on accelerating the development of medical innovations for historically overlooked public health challenges.
UNIQORN inks investment and incubation agreement with digital music startup EarthTones Media
France's rural incubator-accelerator, UNIQORN, announced it has finalized an agreement with EarthTones Media, an American technology startup in the digital music space.
Livestream commerce startup talkshoplive raises a $3m to further scale its network
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.
Next-gen XR video distribution startup YBVR secures $1.5m to accelerate growth
YBVR, a next-generation XR video distribution platform, announced a $1.5 million Pre-Series A funding round with participation from Verizon Ventures, Telefonica's Wayra and Tech Coast Angels.
Tech startup Bodyguard expands into the US to protect social media users from toxic online content
Bodyguard, the technology startup that protects users from cyber harassment, hate speech and toxic content online, launched a major US expansion at CES 2021, in line with its vision of creating a safer web around the world.
Kenyan fintech startup Popote Payments raises funding from GreenHouse Capital
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.
Marketing SaaS startup Unstack raises $3.1m seed round to expand no-code platform
Unstack, the platform that helps entrepreneurs and marketing teams build digital businesses without code, raised $3.1 million in seed capital, led by El Cap Holdings with participation from existing investors.
African startup StarNews Mobile launches incubator for South African youths interested in digital film
StarNews Mobile launched its grassroots Youth Initiative incubator in partnership with Solutions on Point to empower young individuals interested in the digital film industry in South Africa.
British adtech startup Illuma Technology joins PwC's Raise programme
British adtech startup Illuma Technology, an independent contextual AI specialist, has been selected for capital fundraising through PwC's Raise programme.
Santa Clara-based startup Refzee launches movie analytics platform for the film industry
Refzee, the Santa Clara-based startup announced a new movie analytics platform, aimed at giving the film industry the decisive metrics it needs.
Echelon Capital to invest $1 million in early-stage tech startups in Nigeria
Echelon Capital has announced plans to inject $1 million in funding in Nigerian tech startups beginning February 2021.
Picky Inc secures $1.3 million funding to advance authentic information sharing in the beauty industry
Picky, Inc., a mobile-first content platform providing consumers with authentic information in the global beauty space, has announced the completion of a $1.3 million pre-seed funding.
Hootsuite acquires digital customer engagement platform Sparkcentral
Hootsuite has announced its acquisition of Sparkcentral, a SaaS provider enabling the future of digital customer engagement.
[Startup Interview] Ted Martynov, Founder and CEO, CARMA, Nigeria
CARMA is an African-based startup offering proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis. While non-lending organizations can also monetize their data which will increase their number of lenders.
Digital media startup Outsider Media Network secures $2.75m Series A financing round
Outsider Media Network, a digital media and publishing company founded in August 2020, announced the closure of a $2.75 million Series A funding round led by early-stage venture investor, Stuart McWhorter.
Taiwanese startup A.V. Mapping solves copyright battles for creators
First time CES exhibitor A.V. Mapping, which was selected by Taiwan Tech Arena (TTA) as one of the 100 featured Taiwanese startups being showcased at CES 2021, is promoting its patented AI platform as a solution to the problem of copyright infringement.
New York-based social media startup Tsū exceeds $10m capital raise, announces new appointments
Tsū Inc., the "Social That Pays," announced it has significantly expanded its executive team following a successful first year of growth, fundraising, and product development.
Video template platform Biteable raises $7 million funding to grow global customer base
Biteable, an online video builder has raised $7 million in venture funding led by Cloud Apps Capital Partners.
Storyboard secures $4.5 million financing to bring consumer podcast boom to the enterprise
Storyboard, the enterprise podcast and audio platform, has announced the closing of $4.5 million in seed funding led by CRV.
54gene, Kobo360, myFanPark, Sokowatch among 12 startups to win AppsAfrica Awards 2020
54gene, Kobo360, myFanPark and Sokowatch have been named among the 12 winners of AppsAfrica Awards 2020. The awards celebrates the best startups in mobile and tech from across Africa.
African startup StarNews Mobile secures first funding from Investisseurs & Partenaires
African startup StarNews Mobile, specialized in the field of mobile video, achieved its first fundraising with Investisseurs & Partenaires, a pioneering impact investing group dedicated to small and medium-sized enterprises in Sub-Saharan Africa.
[Startup Interview] James Adebisi, Founder, Xpora Academy, Nigeria
Xpora Academy is a Nigeria-based e-learning platform that equips the youth with in-demand digital skills relevant to the present and future of work.
InfraCredit secures $27m investment to unlock infrastructure finance in Nigeria
InfraCredit, a specialised local currency infrastructure credit guarantee institution, announced the completion of $27 million equity investment from InfraCo Africa.
2112 announces Comcast Business startup studio to support small business in Chicago
2112 has partnered with Comcast Business on the development of a Startup Studio, with additional support provided by Shure, Wintrust, Hughes Foundation, and Karp Designs.
Nigerian logistics startup Kobo360, IFC invite for innovative cooling solution projects in Nigeria
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
Trint raises £5 million to build StoryTech, a new software category
Trint, a UK speech-to-text platform for content creation, has announced the close of its Series A Acceleration round with an investment of £5 million.
Nigerian Fintech startup CredPal raises $1.5m funding round
Nigerian consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.
South African startup myFanPark merges with Starsona to create a global celebrity engagement platform
South African startup myFanPark has announced its merger with Silicon Valley-based celebrity engagement platform Starsona.
AirDeck raises $3.4m to transform communication, add voice and video narration to documents and presentations online
AirDeck, Inc., an online platform that helps users create narrated presentations and documents for on-demand viewing, has raised $3.4 million in venture capital funding.
Nigerian mobility startup Plentywaka expands car-hailing service in Delta State
Nigerian mobility startup Plentywaka, announced the launch of a new car-hailing service, Wakacab in Asaba and Warri Delta State, borne out of the need to expand and improve on the limited transport links in southern Nigeria.
Kwik Delivery startup partners with Total on e-commerce fulfilment and delivery service in Nigeria
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.
Africa-focused VC fund Outlierz Ventures invests in three Nigeria startups
Africa-focused Morocco-based B2B VC fund Outlierz Ventures has announced new investments into three Nigerian startups - Bamboo, Youverify and Healthlane.
AI Media Group launches Africa’s first AI-focused free investment matchmaking service for African startups
The AI Media Group has launched The Deal Room, Africa’s first artificial intelligence (AI) focused, free investment matchmaking service which aims to connect African AI focused startups to interested investors and venture capitalists (VCs).
Social podcasting startup Bitcast partners with Podcast Notes for joint launch of new iOS clipping app
Los Angeles based social podcasting platform Bitcast has partnered with Podcast Notes, a publisher in the podcast space, for the launch of a new iOS app that lets listeners 'Magically Clip, Collect and Share the best moments in Podcasts'.
Nigerian HR startup SeamlessHR raises seven-figure funding to expand across Africa
Nigeria’s HR startup SeamlessHR has closed a seven-figure deal as it seeks to expand across other African markets.
African startups more investible now than ever
Africa’s startups have never been more investible than now. There is a growing number of professional ‘super angels’ involved in record-breaking deals, and private equity investments have doubled since last year.
Armenian AI startup Podcastle raises $1.75m seed round to create next-gen podcast platform
Podcastle, a company developing podcast creation tools for amateur and professional podcasters and a streaming platform for listeners, announced a $1.75 million seed funding led by Sierra Ventures.
Nigerian CcHUB acquires Kenyan edTech startup eLimu
Kenya’s technology Incubation and Accelerator space iHub owned by Co-creation Hub (CcHUB) has announced the acquisition of edtech startup and digital educational content provider eLimu.
CNN partners with Hyundai to explore innovations in transport and mobility
CNN International Commercial (CNNIC) and Hyundai Motor Company (Hyundai) have collaborated on a cross-platform campaign that explores how innovation will change the way we will live in the future.
Nigerian rental financing startup Kwaba secures funding from Ingressive Capital for expansion
Ingressive Capital, a $10 million VC fund targeting early-stage startups across Sub-Saharan Africa, announced its investment in Nigerian rental financing startup Kwaba.
German startup 4tiitoo launches NUIA Full Focus, smart software for natural eye contact in video calls
Munich-based startup 4tiitoo (forty two), which specializes in gaze control of computers, launched NUIA Full Focus, a software that creates natural eye contact with conversation partners in video calls intelligently and without artificial image adjustments.
[Startup Interview] Joris van Lierop, founder, The Content Exchange, Netherlands
The Content Exchange is a Dutch startup that targets editors, publishers and freelancers by offering them a content market place where they can do business with each other directly. The startup’s founder Joris van Lierop explains.
Motion tech startup DeepMotion makes motion capture accessible with launch of Animate 3D
As part of its drive to revolutionize Motion Intelligence, DeepMotion has officially launched their 3D animation cloud service Animate 3D.
Influential global Marcomm network to partner with Mediaspace.global
International Advertising Association is partnering up with its youngest member, Mediaspace.global, the brand-new professional social platform for media, marketing, tech, innovation and regulation.
[Startup Interview] Kinga Incze, Founder & CEO, Mediaspace.global, UK
Startup Weekly talks with Kinga Incze, founder of Mediaspace.global, a new, independent social platform for media, marketing, tech, law, innovation and regulation company based in London, UK.
Female-owned startup Canela Media closes $3m seed round to support expansion of Canela.TV
Canela Media, Latina-owned digital media company announced it has closed a $3 million Seed round, bringing total funding this year to $5 million.
Stripe acquires Nigeria's fintech startup Paystack to accelerate online commerce across Africa
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.
IRI acquires supply chain analytics provider, RSi
IRI, a global company in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, Inc. (RSi), a provider of supply chain solutions for CPG manufacturers and retailers.
CNBC disruptor and healthcare startup Heal selects 5WPR as agency of record
5W Public Relations, one of 15 independently-owned PR firms in the U.S., announced it has been named PR Agency of Record for Heal, a healthtech startup that offers doctor house calls and telemedicine appointments.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
Airsmat raises $100,000 investment to deepen AI application in agriculture
AirSmat, a Nigeria-based Pan-African Software company, has received a boost of $100,000 from Zetogon as pre-seeding investment to help the organization on the journey to deliver world-class service in Africa.
ARM launches API service for fintech startups in Nigeria
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
Wisdom Gaming Group receives $3 million financing to grow esports marketing platform
As esports consumption continues to grow rapidly worldwide, Wisdom Gaming Group, a digital media company specializing in esports content and experiences, has announced that it has secured $3 million in Series A funding.
Imagine Impact closes Series A financing with Benchmark
Imagine Impact, the content accelerator and online marketplace startup founded by Academy Award-winning duo Brian Grazer and Ron Howard, announced the close of its Series A financing round led by Benchmark, a Silicon Valley Venture Capital firm.
SEMrush acquires Poland's SaaS PR tech startup Prowly
SEMrush, an online visibility management and content marketing SaaS platform, has further expanded its ecosystem with the acquisition of a 100% stake in Poland's public relations SaaS startup Prowly.com.
Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
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.
UK's curated audio platform for journalism Curio closes $9m Series A funding for international expansion
Curio, the premium audio platform with a curated library of expert journalism, closed a $9 million Series A round led by Earlybird. Draper Esprit, Cherry Ventures, and Horizons Ventures also took part in the investment.
South Korean Doit5 launches advertising content service using web AR technology
Social marketing platform Doit5 announced the launch of an advertising service that uses content with web based AR technology.
Digital Horizon invests in Nigerian health startup Healthlane
Digital Horizon venture fund has invested in Y Combinator alumnus Healthlane, the startup focusing on modern, online consultations for local and remote patients, alongside traditional face-to-face public health services across Africa.
102 startups selected for Plug and Play's fall 2020 batches
Silicon Valley headquartered global innovation platform Plug and Play has announced the selection of 102 new startups into its fall 2020 batches.
Nigeria Climate Innovation Centre incubates 12 renewable energy startups
Twelve renewable energy start-ups have successfully completed a 16-week incubation program run by the NCIC and funded and supported by off-grid energy impact investment company All On.
Nigerian mobility startup Plentywaka raises $300,000 investment as it expands into Abuja
Nigerian mobility startup Plentywaka secured a pre-seed investment led by Emfato, Microtraction, and Niche Capital worth $300,000.
African startups win big at the 2020 SUN Pitch competition
The founder of Baby Grubz Nigeria, Oluwaseun Sangoleye, led Africa in winning this year’s 2020 SUN Pitch Competition.
Seattle based startup Polyarc raises $9 million for augmented reality development
Seattle based startup Polyarc announced the close of its $9 million Series B fund raise led by Hiro Capital, followed by Vulcan Capital, an existing investor, and Galaxy Interactive via its Galaxy EOS VC Fund.
Monaco headquartered startup IQONIQ secures €100m for global expansion
IQONIQ, a new fan engagement platform exclusively targeting the world of sports and entertainment, announced it has entered into a €100 million capital funding agreement with the Luxembourg based investment corporation Lux Media Investments.
PicsArt acquires motion based video effects startup D’efekt
Global visual creative platform PicsArt, has acquired advanced video effects company D'efekt for an undisclosed sum.
Amdocs set to acquire Openet to accelerate adoption of 5G among customers
Amdocs a provider of software and services to communications and media companies has entered into a definitive agreement to acquire Openet, a global provider of 5G charging, policy and cloud technologies.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here