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Nigeria-based commodities startup AFEX raises $26.5M from BII to support smallholder farmers and improve food security in Africa
AFEX, a Nigeria-based commodities platform that enables efficient trade for commodities in Africa, has raised $26.5 million in funding from British International Investment (BII), the UK’s development finance institution…
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Africa Fintech Summit 2023: A Deep Dive into Innovation to be held in Lusaka, Zambia
The Africa Fintech Summit, the continent’s most prominent fintech gathering, is set to convene for its 10th annual event, scheduled to take place from November 2 to 3, 2023,…
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Maisha Meds Receives $5.25 Million in Funding to Scale Up Malaria Care in Africa
Maisha Meds, a Kenyan digital health company, has received $5.25 million in funding from USAID to scale up its malaria care program in Africa. Maisha Meds’ software platform helps…
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African Fintech Startups Raise Over $1 Billion in Funding in Q3 2023
African fintech startups raised over $1 billion in funding in Q3 2023, according to a report by Partech Africa. This represents a 150% increase from the same period in…
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Insurtech Startup Inclusivity Solutions Secures $1.5 Million Extension Round to Expand to 12 African Markets by 2024
Inclusivity Solutions, an insurtech startup that delivers embedded insurance solutions into platforms and services that consumers already use, has secured a $1.5 million extension round led by Goodwell Investments.…
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Tunisian Fintech My Easy Transfer Raises $423K to Simplify Money Transfers and Expand Services
Tunisian fintech My Easy Transfer has raised $423,000 from 216 Capital, a venture capital firm investing in early-stage startups in Tunisia. The funding will help the company simplify money…
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Bitnob Leads the Way in Fintech Innovation with UMA Integration
Bitnob, a leading fintech company in Africa, has announced its integration with Universal Money Address (UMA), a revolutionary payment protocol that enables 24/7 transactions in any fiat or cryptocurrency…
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Nigerian Fintech Startup Vella Finance shifts from Crypto to SME Banking to Drive Financial Inclusion and Growth
Nigerian fintech startup Vella Finance is pivoting from crypto to SME banking, ceasing all cryptocurrency services on October 30th. The move comes just over a year after Vella launched…
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Kenyan Conversational Commerce Startup Sukhiba Connect Powers Seamless Buying and Selling on WhatsApp as Social Commerce Booms Across Africa
Kenyan conversational commerce startup Sukhiba Connect is helping businesses across Africa power seamless buying and selling on WhatsApp, as social commerce booms on the continent. Africa’s social commerce market…
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SuperPay, an Egyptian Fintech Powerhouse launched by a partnership between Banque Misr and Etisalat Misr
Banque Misr, one of Egypt’s largest banks, and Etisalat Misr, a telecommunications giant, have partnered to launch SuperPay, an innovative electronic payment technology company. This collaboration marks a significant…
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