While the spotlight often shines on headline-grabbing mega-rounds, the bedrock of Africa’s rapidly growing startup ecosystem lies in the consistent flow of smaller (or missed bigger rounds), yet equally vital, investments. This week’s edition of the African Startup Deal Tracker delves into these under-the-radar transactions, encompassing pre-seed funding, angel investments, and strategic acquisitions that collectively paint a picture of sustained growth and investor confidence across the continent. These deals, spanning diverse sectors from agri-tech to legal tech, highlight the ingenuity of African startup founders and the breadth of opportunities being seized.

Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week:

NjiaPay (South Africa)

• Sector: Fintech, Payments
• Description: NjiaPay is a South African payment service provider (PSP) offering a single integration platform for merchants, simplifying payment processing by eliminating the need for multiple integrations. The platform features intelligent routing, built-in redundancy, and centralized reconciliation and data management to enhance payment success rates.
• Investment Details: Renew Capital has invested in NjiaPay. The funding will be used to expand NjiaPay’s platform, enhance its intelligent routing capabilities, and grow its presence across Africa.
• Founding Year: 2024

Eyone (Senegal)

• Sector: E-health
• Description: Eyone is a Senegalese startup that has developed a medical interoperability platform providing healthcare professionals and patients with real-time access to medical records.
• Recognition: Eyone was named the winner of the latest Africa’s Business Heroes competition, receiving US$300,000 in prize money. The Africa’s Business Heroes competition is a philanthropic programme supported by the Jack Ma Foundation and Alibaba Philanthropy.
• Founding Year: 2015

Green Watech (Morocco)

• Sector: Climatetech
• Description: A Moroccan startup that offers a low-tech solution for wastewater treatment and reuse for irrigating vegetables, etc. 
• Recognition: Green Watech secured second place in the Africa’s Business Heroes competition, winning US$250,000.
• Founding Year: 2018

Solutech (Kenya)

• Sector: Enterprise
• Description: A Kenyan startup that is building solutions that reduce expenses and save on time ranging from sales automation, human resource management, asset management.
• Recognition: Solutech was awarded third place in the Africa’s Business Heroes competition, receiving US$150,000.
• Founding Year: 2014

Stakpak (Egypt)

• Sector: DevOps, Artificial Intelligence
• Description: Stakpak is an Egyptian startup building an AI-powered DevOps platform designed to simplify infrastructure management for developers. The platform aims to significantly reduce the time developers spend on infrastructure-related tasks.
• Investment Details: Stakpak has raised $500,000 in a pre-seed funding round led by P1 Ventures, with participation from Digital Currency Group, 500 Sanabil, and the co-founders of Instabug. The funding will be used to grow the team in the US and Egypt, with a focus on the American market.
• Founding Year: 2023

To submit information on deals not listed on our African Startup Deal Tracker, please contact us at support@launchbaseafrica.com

Editor’s Note:

Tracker closed for the week at 4:44 PM (GMT+1).