Funding

Safaricom, M-PESA Africa, and Sumitomo Corporation Launch Accelerator Program

Safaricom, M-PESA Africa, and Sumitomo Corporation, a Fortune 500 global trading and business investment company, have unveiled the Spark Accelerator program, a collaborative initiative that will provide tech startups with the mentorship, funding, and go-to-market support to accelerate their growth.

by Joel Omulo

Safaricom, M-PESA Africa, and Sumitomo Corporation Launch Accelerator Program

News Growing Funding

Revolutionizing Re-Commerce: Kenyan Startup Badili Secures Seed Funding for Expansion

Kenyan startup Badili has successfully secured an undisclosed amount of seed funding from E3 Capital. This strategic funding infusion is poised to propel Badili's expansion into new markets across the region.

by Joel Omulo

Revolutionizing Re-Commerce: Kenyan Startup Badili Secures Seed Funding for Expansion

News Funding

Seedstars Africa Ventures: Catalyst for African Startup Growth

Seedstars Africa Ventures, a Paris and Nairobi-based venture capital fund, has secured a substantial commitment of $30 million from EIB Global. Seedstars Africa Ventures aims to bridge funding gaps, especially in regions beyond the prominent four- Egypt, Kenya, Nigeria, and South Africa.

by Joel Omulo

Seedstars Africa Ventures: Catalyst for African Startup Growth

News Startup Updates Funding

Kenya Takes the Crown: Leading the Big Four in African Startup Funding

The total funding raised by African startups in 2023 reached an impressive $3.2 billion, with Kenya securing its dominance by raising $800 million. This remarkable achievement represented 28% of the total funding in Africa, showcasing Kenya's resilience and strategic appeal for startup investments.

by Joel Omulo

Kenya Takes the Crown: Leading the Big Four in African Startup Funding

News Funding Growing

Revolutionizing USD Banking: Nigeria’s Cleva Secures $1.5M Pre-Seed Funding Round

Nigerian FinTech Cleva emerges victorious in a pre-seed funding round, securing an impressive $1.5 million. The funding, led by San Francisco-based venture capital firm 1984 Ventures, marks a significant milestone for Cleva, propelling the company into new heights of innovation and expansion.

by Joel Omulo

Revolutionizing USD Banking: Nigeria’s Cleva Secures $1.5M Pre-Seed Funding Round

News Funding Growing

Green Innovation in Action: Kenya’s Octavia Carbon Raises Funds for Carbon Capture Tech

Kenyan climate startup Octavia Carbon secures funding to advance its cutting-edge Direct Air Capture (DAC) technology. This technology is specifically designed to remove carbon dioxide (CO2) directly from the air.

by Joel Omulo

Green Innovation in Action: Kenya’s Octavia Carbon Raises Funds for Carbon Capture Tech

News Funding

Rwandan E-bike startup Ampersand Accelerates Growth: Secures $19.5 Million Funding

Rwandan e-bike startup Ampersand has successfully raised a substantial $19.5 million in a funding round, signaling a significant stride in its mission to revolutionize electric transport in East Africa.

by Joel Omulo

Rwandan E-bike startup Ampersand Accelerates Growth: Secures $19.5 Million Funding

News Funding Growing

Revolutionizing Savings: Cameroonian Fintech Koree’s $200k Pre-Seed Round Signals Growth

Cameroonian fintech Koree has successfully closed a pre-seed funding round of $200,000, the funds will be strategically utilized to expand its merchant base, scale its user network, and achieve product-market fit.

by Joel Omulo

Revolutionizing Savings: Cameroonian Fintech Koree’s $200k Pre-Seed Round Signals Growth

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