Funding

Umba Secures $5 Million Debt Facility to Expand Kenyan Operations

Umba, a leading African digital bank serving both consumers and businesses, has secured a $5 million debt facility from Star Strong Capital. This funding is set to fuel the fintech company's loan offerings in Kenya, where it has experienced significant growth since entering the market.

by Joel Omulo

Umba Secures $5 Million Debt Facility to Expand Kenyan Operations

News Funding Startup Updates

Nigerian Agtech Startup Winich Farms Secures $3 Million in Pre-Series A Funding

Winich Farms, a leading Nigerian Agtech startup, has raised $3 million in a pre-Series A funding round aimed at advancing its technology and optimizing operations.

by Joel Omulo

Nigerian Agtech Startup Winich Farms Secures $3 Million in Pre-Series A Funding

News Funding Branding

Vantage Capital Secures €14 Million Deal to Accelerate SPMS's Agricultural Expansion in Morocco

Vantage Capital, a leading fund manager across Africa, has finalized a significant €14 million mezzanine financing deal with Société de Production Maraîchère Samir (SPMS), a key player in Morocco’s agricultural sector.

by Joel Omulo

Vantage Capital Secures €14 Million Deal to Accelerate SPMS's Agricultural Expansion in Morocco

News Funding

R300-Million Seed Fund Launched to Fuel South African Tech Startups

The Seed Fund of Funds is supported by a coalition of influential partners, including the SA SME Fund, the Department of Science & Innovation (DSI), its affiliated agency the Technology Innovation Agency (TIA), and impact investment firm E Squared Investments.

by Joel Omulo

News Startup Updates Funding

Kenya's Hustle Sasa Among 4 Winning Startups from NBA Africa's Triple-Double Accelerator

The winners—Festival Coins (Nigeria), Salubata (Nigeria), HustleSasa (Kenya), and UBR VR (Egypt)—were selected from over 700 early-stage African startups that applied to participate in the program. Each company will receive financial backing as well as access to mentorship programs.

by Joel Omulo

Kenya's Hustle Sasa Among 4 Winning Startups from NBA Africa's Triple-Double Accelerator

News Companies Funding

Egypt's Tatweer Misr Plans to Secure Billions in Bank Loans for Expansion and Projects

Egyptian real estate giant Tatweer Misr is gearing up for an ambitious phase of growth, with plans to secure bank loans ranging between EGP 2 billion and EGP 3 billion. This move comes as the company looks to fund its ongoing construction projects.

by Joel Omulo

Egypt's Tatweer Misr Plans to Secure Billions in Bank Loans for Expansion and Projects

News Funding Startup Updates

Nigerian Ed-Tech Startup Tespire Secures Pre-Seed Funding to Drive Expansion

Tespire, an innovative ed-tech startup, has secured an undisclosed amount in pre-seed funding. This investment will enable the company to expand the usage of its data-driven educational solutions, empowering schools across the country and improving access to quality education.

by Joel Omulo

Nigerian Ed-Tech Startup Tespire Secures Pre-Seed Funding to Drive Expansion

News Funding Startup Updates

Kwiks Secures $827K to Revolutionize Recruitment in Morocco

Moroccan HRtech startup Kwiks has raised $827,000 in funding from Azur Innovation Management (AIM) to enhance its innovative recruitment platform.

by Joel Omulo

Kwiks Secures $827K to Revolutionize Recruitment in Morocco

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