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 month’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 month:

FitXpert

• Investment: Seven-figure USD (at least $1,000,000+).
• Investor(s): Foras Investment (led by Mohamed Abouelnaga Negaty) under the 0107 Invest initiative.
• Sector/Focus: Healthtech / Vertical SaaS. An end-to-end software platform for fitness trainers, nutrition centers, and clinics that centralizes client management, program design, and progress tracking.
• Country of Operation: Egypt.
• Purpose: To enhance the technology stack, strengthen operational capabilities, and accelerate expansion into regional markets, specifically targeting the Gulf (GCC) region.

Mylo (B-TECH Subsidiary)

• Investment: $37,263,030 (EGP 1.76 Billion) via a second securitization bond issuance.
• Investor(s): Public debt market (with EG Bank acting as custodian).
• Sector/Focus: Fintech / Consumer Finance. A Shari’a-compliant digital finance platform offering flexible installment solutions across more than 5,000 brands.
• Country of Operation: Egypt.
• Purpose: To diversify funding sources, scale digital finance solutions, grow the user base, expand the merchant partnership network, and invest in the platform’s technological infrastructure.

Mamy Eyewear

• Investment: Undisclosed strategic funding.
• Investor(s): Ikemori Venture Support (IVS) (Japanese family office).
• Sector/Focus: Optical Retail / Healthtech. A vertically integrated optical retailer offering stylish prescription glasses starting at $15. The platform uses AI-powered eye tests and a direct-to-consumer model to deliver glasses in as little as two hours.
• Country of Operation: Kenya (HQ) with plans for East African expansion.
• Purpose: To scale operations efficiently across East Africa, strengthen the startup’s operational foundation, and build a reference optical retail brand in the region.

ReparTrust

• Investment: $750,000 (approx. MAD 7.5 million) Pre-seed round.
• Investor(s): Business angels and private investors.
• Sector/Focus: Auto Repairtech / Insurtech. A digital platform that industrializes post-accident automotive repairs through real-time tracking, AI-assisted pre-inspections, and a proprietary ReparTrust Scoring system for garages. It is integrated with Piyes.com for sustainable parts sourcing.
• Country of Operation: Morocco.
• Purpose: To digitize the fragmented automotive repair ecosystem in Morocco, optimize costs for insurers and fleet operators, and prepare for a subsequent seed round to fuel regional expansion.

Paycrest

• Investment: $404,000 Pre-seed round.
• Investor(s): Hashed Emergent, StarkWare, LAVA, Microtraction, and Sunny Side Venture Partners, alongside various angel investors.
• Sector/Focus: Fintech / Web3 Infrastructure. A decentralized stablecoin-fiat settlement infrastructure that acts as a routing layer, matching B2B stablecoin demand with verified local liquidity providers to ensure predictable, fast conversions to local currency (Naira).
• Country of Operation: Nigeria.
• Purpose: To refine the core product, strengthen compliance frameworks, and establish strategic partnerships to bridge the gap between digital dollars and usable local currency for businesses and marketplaces.

Pil (by Cardtonic)

• Investment: $2.1 million Seed round.
• Investor(s): Undisclosed (noted as the first outside capital for the previously bootstrapped company).
• Sector/Focus: Fintech / Business Spend Management. A purpose-built platform designed to give businesses total control over their finances. It features a multi-card management system for teams, real-time transaction tracking, and support for funding in local currencies (Naira, Cedis) or stablecoins (USDC, USDT).
• Country of Operation: Nigeria and Ghana (Headquartered in Nigeria).
• Purpose: To build Pil as a standalone “operating system for business spend,” launch the product in January 2026, and solve corporate challenges regarding unreliable payment methods, high fees, and lack of real-time expense accountability.

Metro Africa Xpress (MAX)

• Investment: $24 million (Mixed Equity and Debt).
• Investor(s): Equity: Equitane DMCC, Novastar, and Endeavor Catalyst. Debt: Energy Entrepreneurs Growth Fund (EEGF) and other development finance partners.
• Sector/Focus: Mobility Fintech / Electric Vehicles (EV). An integrated electric mobility platform that provides financing for electric two- and three-wheelers, local vehicle assembly (capacity of 3,600 units/month), and battery-swapping infrastructure.
• Country of Operation: Nigeria (currently profitable), expanding into West and Central Africa.
• Purpose: To scale its EV fleet and clean energy infrastructure, deepen proprietary fleet management and IoT systems, and support the company’s goal of reaching 250,000 drivers by 2027 while expanding its pan-African footprint.

Cold Solutions Kiambu

• Investment: $19 million.
• Investor(s): Mirova (an affiliate of Natixis Investment Managers) through the Mirova Gigaton Fund.
• Sector/Focus: Cold Chain Logistics / Climate Infrastructure. Specializes in temperature-controlled storage for the agricultural and pharmaceutical sectors. The facility uses high-efficiency ammonia-based refrigeration and rooftop solar panels to reduce climate impact.
• Country of Operation: Kenya (Tatu City, Kiambu).
• Purpose: To scale up low-carbon cold chain infrastructure in East Africa, aiming to reduce post-harvest food losses (which affect over 38% of production in sub-Saharan Africa) and strengthen regional health systems.

MyCredit

• Investment: $3 million in senior debt (Total debt raised to date: $13.6 million).
• Investor(s): An undisclosed international microfinance lender (Advised by Noblestride Capital).
• Sector/Focus: Fintech / Digital Lending. A non-deposit-taking microfinance institution providing fast, flexible credit to segments often excluded from traditional banking.
• Country of Operation: Kenya.
• Purpose: To strengthen the balance sheet and expand lending capacity for MSMEs, private schools, salaried individuals, and entrepreneurs, supporting responsible growth after a decade of operations.

OneDosh

• Investment: $3 million Pre-seed round.
• Investor(s): Undisclosed (Founded by Jackson Ukuevo, Godwin Okoye, and Babatunde Osinowo).
• Sector/Focus: Fintech / Stablecoin Infrastructure. Building global payment rails that use stablecoins for cross-border transfers and global spending via cards compatible with Apple Pay and Google Pay.
• Country of Operation: United States and Nigeria (Initial corridors).
• Purpose: To accelerate expansion into new corridors, deepen liquidity partnerships, and enable senior hires to build foundational infrastructure that connects wallets and cards globally.

Beacon Power Services (BPS)

• Investment: Undisclosed debt facility.
• Investor(s): Symbiotics (Market access platform for impact investing).
• Sector/Focus: Energy-tech / Grid Management. Provides data-driven and AI-powered solutions for electricity utilities, including a GIS-enabled mapping platform, real-time grid visibility, and revenue protection tools.
• Country of Operation: Nigeria, Ghana, Zambia, Tanzania, and Togo.
• Purpose: To modernize electricity distribution and improve grid reliability. Specifically, the funds will be used to purchase and deploy smart meters for grid assets (substations and transformers), helping utilities reduce grid losses, increase revenue recovery, and preemptively detect outages.

Business For Teens

• Investment: Six-figure USD (at least $100,000+) Pre-seed round.
• Investor(s): Led by Salah Abou Elmagd (training and sales expert) and a group of angel investors.
• Sector/Focus: Edtech / Financial Literacy. An educational platform teaching entrepreneurship and financial literacy to teenagers (ages 10–16) through project-based learning and startup simulations.
• Country of Operation: Egypt and Saudi Arabia.
• Purpose: To expand operations, enhance program offerings, and deepen partnerships with schools across Egypt and the GCC, with a target of training over 6,000 students by the end of 2026.