Accelerex Holdings receives $20 million investment from Africa Capital Alliance

Accelerex Holdings has received $20 million investment from Africa Capital Alliance and acquired SLS Microfinance Bank

Afriktrip launches online marketplace for African tours with book now, pay later feature

Afriktrip has launched an online marketplace to connect travellers with tour guides and operators across Africa. It also has an array of activities to do to explore Africa. And a book now, pay later feature.

Autochek secures $3.4 million pre-seed funding to deliver technology for African automotive industry

Autochek's pre-seed round was co-led by TLcom and 4DX Ventures to accelerate product development for Ghana and Nigeria.

TalentQL raises $300,000 in a pre-seed round led by Zedcrest Capital

TalentQL has raised $300,000 (₦114.3 million) in a pre-seed round led by Zedcrest Capital. TalentQL is a talent outsourcing and incubator company. But how is it different?

Plentywaka expands its ride-hailing service into Delta State

Plentywaka has launched WakaCab, a new car-hailing service with fully-trained drivers for commuters within and around Delta State.

Ingressive for Good partners with Facebook to empower African youth with digital skills

Ingressive For Good has unveiled a digital skills training programme in partnership with Facebook

Enyata to support 50 Nigerians with Macbooks and six-month Pluralsight subscription

Enyata has launched Project BuildUp, an initiative aimed to empower 10,000 Africans over the next five years with the resources they need to grow in the tech industry.

Internet economy to contribute $180 billion to Africa’s economy

The report estimates that Africa's Internet economy has the potential to reach 5.2% of the continent's gross domestic product (GDP) by 2025

Future Africa invests $1 million in 9 African startups

Venture firm Future Africa has announced its investments in 9 startups in the 3rd quarter of 2020. The fund invested $1million across these startups.

Kuda Bank raises $10M in seed funding.

Kuda Bank has raised $10 million in a seed round, which is possibly the largest seed funding any African startup has received. And it plans to raise a bigger Series A.

Kwaba, a rental financing startup raises pre-seed round from Ingressive Capital and ARM

Kwaba, a rental financing startup, has raised an undisclosed amount in a pre-seed round from Ingressive Capital and ARM. The pre-seed investment is estimated to be north of $200,000.

AfDB shortlists 25 startups as finalists of its AgriPitch competition

African Development Bank (AfDB) has shortlisted 25 startups for the next round of the AgriPitch competition. Six of the finalists are Nigerian startups.