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    Senegal’s Sovereign-Backed Fund Oyass Doubles Down on Healthtech Eyone with $1.7m Injection

    With the new capital, Eyone plans to move beyond its core record-keeping functions.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
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    One Country, 37 Regulators: A New Way to Run Online Betting Firms in Nigeria

    A Supreme Court ruling has thrown the lottery landscape in Nigeria into disarray, handing...

    Egypt’s Khazna Targets Saudi IPO After $16M Round

    Khazna's goal is to have 40-50% of its business in Saudi Arabia within four years, which would make a Tadawul IPO possible.

    IFC Backs Flat6Labs’ $85m Africa Seed Fund

    The Netherlands-based fund will focus on pre-seed and seed-stage investments in North, West, and East Africa.

    Tunisia’s EasyBank Secures Funding to Expand Digital Financial Services Across MENA and France

    The investment will support EasyBank’s entry into new markets, with a focus on the Middle East, North Africa, and France.

    All Cameroon’s Gambling Payments Now Flow Through Fintech Startup InTouch — But There’s a Catch

    The move effectively places the Senegalese fintech company in control of all transactions related to the reloading and unloading of online player accounts, starting January 30, 2025.

    Armed with $30M, Egypt’s Beltone Capital Became a Top Startup Investor in Africa in 2024

    Beyond Egypt, BVC extended its reach into North Africa and Europe with notable investments.

    Profitable Hakki Africa Raises $12.7M, Backed by Japanese Investors

    The latest investment follows a Series B funding round in 2023, during which Hakki secured 1.58 billion yen (approximately $10.6 million).

    Saviu Ventures Targets Final Close for $50M Fund Focusing on African Startups

    The announcement comes as the firm celebrates a significant exit from its investment portfolio.

    Kili Ventures Joins $1.5M Seed Round for WafR, Eyeing Morocco’s Cash-Heavy Market

    The startup has so far onboarded 8,500 active monthly merchants, with ambitions to expand to a network of 100,000 retailers.

    Egypt’s Breadfast Valuation Reaches $268M Following Series B Extension Round

    One of Breadfast’s key investors, VNV Global AB, disclosed that its 8.6% stake in the startup is now valued at $23.1 million, up from an initial investment of $16.9 million in 2021.

    Trump’s Foreign Aid Freeze Hits Bill Gates-Backed i3 Healthtech Accelerator — 3rd Cohort Now Slashed

    Originally designed to support up to 15 startups, including early-stage ventures, i3’s third cohort will now concentrate on a few select companies with proven traction and the potential to scale quickly.

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.

    Latest articles

    Senegal’s Sovereign-Backed Fund Oyass Doubles Down on Healthtech Eyone with $1.7m Injection

    With the new capital, Eyone plans to move beyond its core record-keeping functions.

    African Startup Deal Tracker — Newest Deals

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

    Egypt’s First ‘Startup Label’ Goes to Digital Lender Flend

    Flend, a digital lender for small and medium-sized enterprises (SMEs), has become the first Egyptian company to be officially granted "Startup Label" certification.

    Nigeria Is Now M-KOPA’s Most Productive Market. Here’s How Its 11K Agent Network Changed the Game

    Here is an analysis of why Nigeria’s sales network is outperforming its peers.