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    Latest Funding

    Ecosystem News

    Ivory Coast-Based Fintech Hub2 Secures New Funding to Expand Payment Services

    In a subsequent funding round in September 2023, HUB2 received a €1.25 million equity investment from ESSOR PME La Réunion.
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    Latest Funding

    Profitability-Focused Cartona Raises $8.1M for Egyptian Expansion and Potential Saudi Entry

    Cartona’s asset-light approach has allowed them to scale rapidly, as evidenced by their annualized gross merchandise volume (GMV) increasing from EGP 2.3 billion ($120 million) in 2022 to EGP 10 billion ($210 million) currently. This scalability is appealing to investors seeking high-growth potential.
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    EASTERN AFRICA

    Kenya’s Sukhiba Connect Secures Additional Funding to Scale WhatsApp-Based Commerce Platform

    Kenya’s high WhatsApp penetration, with 97% of internet users utilizing the platform according to a 2022 survey, has been a catalyst for Sukhiba’s growth.
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    NORTHERN AFRICA

    TLcom Capital & Plus VC Lead $2.5M Investment in Egypt’s Educatly

    The funding will be used to solidify Educatly’s presence in key markets across the Middle East and Africa, including Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
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    A $23M Pivot: dLocal Takes AZA Finance’s Cameroon Assets After Third-Party Suit Is Dropped

    The original AZA Finance acquisition was framed as a key driver for continent-wide growth, particularly as dLocal faces mixed regional performance.
    Updates

    Sistema.bio Raises $53M to Turn African Smallholder Farms Into Carbon Projects

    The new financing vehicle, FarmCarbon, will pre-finance biodigesters for 90,000 smallholder farmers in exchange for future carbon credits.

    Sponsored Posts

    Partner Content

    The Riyadh-Cairo Pipeline: Saudi’s VMS Lands in Egypt to Hunt for Seed+ Scaleups

    Founders looking to join the first cohort have a narrow window to apply.
    Partner Content

    A New Wave of Tech Firms Is Tapping Nigeria’s Public Debt Market

    The broader market backdrop explains why more technology companies are exploring this route.

    Latest articles

    Updates

    A $23M Pivot: dLocal Takes AZA Finance’s Cameroon Assets After Third-Party Suit Is Dropped

    The original AZA Finance acquisition was framed as a key driver for continent-wide growth, particularly as dLocal faces mixed regional performance.
    Updates

    Sistema.bio Raises $53M to Turn African Smallholder Farms Into Carbon Projects

    The new financing vehicle, FarmCarbon, will pre-finance biodigesters for 90,000 smallholder farmers in exchange for future carbon credits.
    Analysis & Opinions

    $15bn in Dry Powder: 8 Structural Trends Currently Defining Africa’s New Wave of Tech Funds

    The signals are broadly positive.
    Policy & Regulations Forum

    ‘Asking Nicely Doesn’t Work’: The Startup-Led Coup Against Morocco’s 100-Year-Old Postal Rule

    For years, operating an e-commerce delivery startup in Morocco required a rather unorthodox business strategy: shipping sand.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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