Funding

French venture capital firm, Ring Capital, makes a significant leap into the African startup ecosystem with the launch of Ring Africa. This fund is poised to catalyze social and environmental change in French-speaking West Africa, targeting startups at the forefront of innovation and sustainability.

MTN Foundation, the CSR arm of MTN Nigeria, continues its mission to empower women entrepreneurs with the launch of the second phase of its impactful 'Yellopreneur' initiative. This initiative will provide N450 million in loans to fuel business growth and development.

Moroccan FinTech startup tookeez, pioneering the aggregation of loyalty programs, has secured $1.5 million in a fundraising round with Azur Innovation Fund. This strategic partnership aims to elevate the customer loyalty experience across Africa and the MENA region.

South African venture capital firm Conducive Capital has unveiled a US$50 million fund dedicated to backing early- and growth-stage startups across South Africa and the broader African continent.

Nigerian health-tech innovator, MDaaS Global, has secured $3 million in pre-Series A funding to fuel its mission of improving healthcare access and expanding its network across the country.

Cue, a South African startup revolutionizing customer service through AI technology, announces the successful closure of a $2 million seed round of funding. This infusion of capital will enable Cue to enhance its platform with advanced AI integration.

Bfree, a Nigerian startup committed to transforming debt collection through ethical practices, emerges as a beacon in the financial landscape. Founded in 2020, Bfree aims to automate and institutionalize ethical debt recovery processes.