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The International Finance Corporation (IFC) has launched a $225 million venture capital fund to support early-stage startups in Africa, the Middle East, Central Asia and Pakistan.
In this op-ed, Abiola Bonuola, a Nigerian PR Consultant, writes on why Nigerian startups access more funding compared to other African countries.
African social commerce startup, Bumpa has raised $4 million seed to help underserved SMEs grow and manage their business.
Bizao has secured €8 million series A funding to accelerate its expansion across the continent
In H1 2022, African tech startups jointly raised $2.5 billion most of the funds were raised by fintech startups.
Klasha has secured an additional $2.1 million to complete its $4.5 million seed round.
OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in Africa and support its expansion into new markets across the continent.
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
SmartWage has raised a $2 million seed fund to bridge the gap between South African enterprises and their frontline employees
Antler East Africa has closed a $13.5 million fund to invest in Africa's early-stage startups.
Nigerian digital bank, Yep! has raised $1.5 million in a pre-seed round led by pan-African VC Greenhouse Capital.
OkHi has raised $1.5 million seed extension to address smart address verification issues in Africa.
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