Swedfund, BII, and Norfund Invest $85M in AgDevCo
February 21, 2025
Swedfund, alongside British International Investment (BII) and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $20 million from Swedfund,…
MANSA Secures $10M in Funding Round to Expand Stablecoin-Based Payment Solutions
February 20, 2025
Global fintech firm, MANSA, has announced the close of a $10 million funding round. This will help the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA’s stablecoin-based solution offers payment…
Applications Open for OceanHub Africa’s 2025 Accelerator Program
February 19, 2025
OceanHub Africa has announced the launch of the sixth cohort of the OceanHub Africa accelerator. This 12-month program aims to support up to 24 of Africa’s most promising impact-driven for-profit startups dedicated to preserving and…
Egyptian SaaS Startup Qme Secures $3 Million Seed Funding
February 17, 2025
Qme, an Egyptian B2B SaaS startup, has raised US$3 million in a seed funding round with participation from AHOY, a leading multi-sector technology company, alongside a group of strategic angel investors in the GCC region. …
Madica Announces Investments in Four African Tech Startups
February 13, 2025
Madica has announced its latest round of investments in four tech-enabled startups which include Medikea, Motherbeing, Pixii Motors and ToumAI. Each startup has received an investment of up to $200,000 and will participate in Madica’s comprehensive investment program. This includes…
Fincra Appoints Emmanuel Babalola as Chief Commercial & Growth Officer
February 13, 2025
Fincra has announced the appointment of Emmanuel Babalola, also known as Babz, as its new Chief Commercial and Growth Officer. Babz joins us with lots of experience and success in the African fintech industry, having…
Taager Secures $6.75M Pre-Series B to Scale Social E-Commerce in MENA
February 13, 2025
Taager has announced the completion of its $6.75 million pre-Series B funding round, led by Africa-focused tech growth fund Norrsken22.This round will enable the company to fuel its growth in the Middle East. The oversubscribed…
Pretium Launches on Google Play Enabling Crypto Payments for Everyday Transactions
February 12, 2025
Pretium, a cutting-edge payment platform designed to bring real-world usability to digital assets, is now available as a standalone app on the Google Play Store. This launch marks a significant step forward in integrating digital…
ToumAI Secures $1.03 Million in pre-seed funding
February 12, 2025
ToumAI, a Moroccan AI tech startup, has announced the close of a EUR 1 million (US$1.03 million) pre-seed funding round. The startup will use the funding to help expand the development of its personalised, adaptive,…