Sylndr Raises $15.7 Million Series A to Transform Egypt’s Used Car Market
May 20, 2025
Egyptian mobility startup Sylndr has announced the close of $15.7 million Series A funding round. This round was led by Development Partners International (DPI) Venture Capital via the Nclude Fund. It also saw the participation…
MaxAB-Wasoko Acquires Egypt’s Fatura to Expand B2B Marketplace Footprint
May 19, 2025
MaxAB-Wasoko has announced the acquisition of Fatura, a Cairo-based B2B e-marketplace. The deal also sees EFG Finance (a subsidiary of EFG Holding) join MaxAB-Wasoko as a major shareholder. The acquisition follows the merger between MaxAB…
South African Startup AURA Raises $15 M in Series B Funding
May 19, 2025
South African emergency response tech company AURA has raised €13.5 million in a Series B funding round, setting the stage for its expansion into the United States and the creation of a global dispatch network…
Nawy Raises $52M to Transform Real Estate Across MENA
May 16, 2025
Egyptian proptech startup Nawy has just raised a whopping $52 million in Series A funding, marking a bold step in its mission to reshape how real estate works across the Middle East and North Africa…
European DFIs Commit $80M to BluePeak’s Second Africa-Focused Private Credit Fund
May 14, 2025
Four European Development Finance Institutions (EDFIs), British International Investment (BII), FMO, Swedfund, and Swiss Investment Fund for Emerging Markets (SIFEM) have jointly committed $80 million to BluePeak Private Capital Fund II (BPCF II), a pan-African…
BURN Secures $5 Million EU-Backed Investment
May 14, 2025
BURN Manufacturing has received a $5 million investment from EDFI Management Company through the EU-funded Electrification Financing Initiative (ElectriFI). This funding will help over 100,000 Kenyan households shift from costly, polluting fuels like charcoal and…
Verto Wins $1 Million FinTech Prize for Enabling Cross-Border Payments in Africa
May 14, 2025
UK-based FinTech startup Verto has won the $1 million Grand Prize in the Milken-Motsepe Prize in FinTech. The company emerged as a standout player in a competition that attracted over 400 global applications. The prize…
Egypt's iSUPPLY Secures $3M from Bokra
May 8, 2025
Bokra, the MENA goal-based digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a digital pharmaceutical and medical supply distribution. The deal will power iSUPPLY’s next phase of growth and at…
Ghana’s Zeepay Secures $18M to Expand Footprint Across Africa
May 7, 2025
Ghanaian fintech Zeepay has raised $18 million in senior secured venture debt. This funding will help its expansion across Africa and the Caribbean. Structured by investment firm Verdant Capital IMAP, the deal marks a major…