News

Raenest secures $11M Series A investment after processing $1 billion in payments

With this new funding, Raenest aims to deepen its operations in Nigeria while strengthening its Kenyan presence.

News

Moroccan-startup ToumAI secures €1 million develop powerful CX solutions

ToumAI, an AI-powered customer experience (CX) innovator, has secured €1 million in pre-seed funding, led by Launch Africa

Funding

Naked secures $38 million to advance AI-driven Insurance in South Africa

The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.

Funding Tracker

How African startups raised in 2024

Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification

News

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

News

Village Capital invests $150,000 in two female-led startups

The Women in Tech Financing Facility, a joint initiative of Village Capital and Standard Chartered, addresses the funding gap for women entrepreneurs.

News

PBR Life Sciences raises $1M pre-seed to expand AI-powered healthcare data platforms across Africa

Previously targeting 1000 pharmacies in Nigeria, PBR will use this new funding to expand its AI-driven health data solutions in Ghana and Kenya.

News

Juicyway raises $3 million pre-seed to power cross-border payments for Africans

Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway enables individuals and businesses to send, receive, and process payments globally.

News

Egypt-based ariika secures $3M to drive expansion across MENA markets

Egyptian eCommerce platform ariika raises $3M in a Series A extension to accelerate growth in Saudi Arabia and Iraq.

News

Nigerian Agritech startup, Winich Farms secures $3 million in pre-series A funding

Since the company’s launch in 2020, Winich Farms has built an ecosystem of more than 150,000 users including farmers.

The Investors' Corner

What Do Investors Want? Navigating Investor-Startup Relations in Nigeria’s Tech Ecosystem

We spoke with seasoned investors and venture capitalists, to find out their perspectives on investment criteria, expectations and more

News

One Acre Fund secures $1.4 Million debt funding to support farmers in Africa

One Acre Fund has recently secured a $1.4 million debt fund from Impact Bridge Asset Management to finance and support farmers in Africa

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