September 2023
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Enza Capital: A Venture Capital Firm with a Founder-First Approach
Enza Capital, a Nairobi-based venture capital firm, has closed $58 million across two funds. The firm focuses on investing in early-stage startups that are “organizing…
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Lipa Later secures $3.4m debt funding to expand its fintech offerings
Kenyan fintech startup Lipa Later has raised KES500 million (US$3.4 million) in a privately-placed debt issuance to help it expand its offerings. The company, which…
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Kua Ventures, a Kenyan Impact Investment Firm, Invests Over $1 Million in SMEs
Kua Ventures, an impact investment firm based in Kenya, has invested more than $1 million (Ksh. 145 million) in SMEs across the country. The milestone…
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Revio, a South African fintech, secures $5.2M in seed funding to streamline payments
Africa’s payment landscape is fragmented, with many operators offering different payment options. This leads to payment failures due to invalid cards, inactive accounts, and high…
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Google Selects Two Kenyan Startups for AI for Health Program
Two Kenyan startups, Zuri Health and izola, have been selected to participate in the Google for Startups Growth Academy, AI for Health program. The program…
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Kenyan Logistics Startup Sendy Ceases Operations After Failing to Raise Sufficient Funding
Kenyan Logistics Startup Sendy Enters Administration Kenyan logistics startup Sendy has gone into administration, appointing Peter Kahi of PKF Consulting Limited to oversee its operations.…
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ANKA, Africa’s Leading E-Commerce Platform for Artisans, Receives $3.4 Million Investment from IFC to Scale Operations
IFC, a member of the World Bank Group, has announced a $3.4 million equity investment in ANKA, a leading African e-commerce platform for artisans and…
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Kenya’s Agrifoodtech Startups Lead the Way in Africa with KES 89.8 Billion Investment In a Decade
Kenyan agrifoodtech start-ups have raised the most in the past 10 years attracting USD 608 million (KES 89.8 Billion) in investment. The figure represents about…
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eBiashara: A Kenyan startup that is powering digital transformation across diverse businesses
eBiashara was founded in 2014 and has grown from a supply chain finance platform to a leading ICT enterprise solutions provider, offering cloud computing, e-commerce,…
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FinanceGPT: A Generative AI Startup Helping Companies with Financial Analysis
FinanceGPT is a South African startup that uses generative AI to help companies with financial analysis. It was founded in 2020 by Phiwa Nkambule and…
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