Flourish Ventures backs Madica with $6 million 

Madica has received $6 million from Flourish Ventures to extend its pilot by three years. The program will back 25 to 30 more African startups and track whether overlooked founders can deliver venture returns.

South Africa’s CrissCross lands Circle Ventures investment to push stablecoin payments across Africa 

Circle Ventures has made an undisclosed investment in CrissCross through its parent, Stitch Group. The South African firm will use it to scale stablecoin-powered cross-border payments across Africa.

Tanzanian healthtech Medikea raises $1.2m pre-seed funding

Tanzanian healthtech startup Medikea has closed a $1.2 million pre-seed round. It is also opening two new clinics in Arusha and Morogoro, which brings its network to four.

Nithio makes second African e-mobility bet, backing profitable Nigerian EV startup MAX

Nithio has invested in Nigerian electric mobility company MAX, extending its Series B3 round to $29 million.

Cascador, Sterling Bank launch $200m fund to help Nigerian SMEs access loans

Cascador collaborates with Sterling Bank to launch a $200 million SME Credit Backstop Fund to help Nigerian small businesses get loans.

NeoFleet Capital raises $4m pre-seed to fund taxi fleets across Africa and the Global South

Mobility fintech NeoFleet Capital has secured a $4 million pre-seed round to expand its taxi fleet financing model and build infrastructure.

Kenyan fintech Cloud9 gets $500k as part of its ongoing pre-seed round

Founded by former YC-backed founders, Cloud9 gets $500,000 from Alliance as part of an ongoing pre-seed round.

Satlyt raises $8m to turn satellites in orbit into data centres

Space-tech startup Satlyt, founded by former Google and SpaceX product manager has raised $8 million in seed funding.

This startup turns used cooking oil into cash. It just raised $1m for growth 

Ororo Waste has secured ₦1.4 billion ($1 million) from Rising Tide Africa to improve its collector network and cover hub operating costs.

Paymob raises $35 million pre-Series C to expand payments business across MENA

Egypt's Paymob raised $35M led by Mubadala and EBRD to expand its payments business across MENA, as Gulf revenue grows sevenfold.

Africa Go Green Fund doubles financing commitment to Spiro, adds $18 million

Africa Go Green Fund has doubled its debt commitment to Spiro to $36M, adding $18M to fund e-motorcycle expansion in Uganda and Rwanda.

Partech leads $13 million investment in Synapse Analytics series A funding

Synapse Analytics, an AI-powered fintech company, has secured $13 million in Series A funding led by Partech with participation from Algebra Ventures and Silicon Badia.