News

Egyptian Edtech Startup Farid Secures $250,000 in Pre-Seed Funding

With the new funding, Farid is set to accelerate its growth by expanding its platform, developing new educational content, and hiring additional employees and trainers. The startup also aims to broaden its geographic reach by entering markets in Saudi Arabia and the UAE.

by Joel Omulo

Egyptian Edtech Startup Farid Secures $250,000 in Pre-Seed Funding

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Uncap Launches $33 Million Fund to Empower African SMEs with Non-Dilutive Financing

Launched on September 18, 2024, the fund, named Unconventional Capital, introduces a game-changing approach by offering revenue-based financing—a model that allows early-stage businesses to secure funding without sacrificing equity.

by Joel Omulo

Uncap Launches $33 Million Fund to Empower African SMEs with Non-Dilutive Financing

News Startup Updates

South African Climate Startup Hohm Energy Files for Voluntary Liquidation

Hohm Energy has informed its creditors that those with claims over R1,000 ($56.66) are eligible to nominate a liquidator to oversee the process. The move marks a significant shift for the startup, which was once seen as a promising player in the renewable energy space.

by Joel Omulo

South African Climate Startup Hohm Energy Files for Voluntary Liquidation

News Companies

Kenya's Special Economic Zones Get a Boost with the Launch of ASEZ

ASEZ aims to unite SEZ developers, operators, investors, and service providers, offering a collective platform to advocate for favorable policies, streamlined regulations, and infrastructure development.

by Joel Omulo

Kenya's Special Economic Zones Get a Boost with the Launch of ASEZ

News Funding Startup Updates

Regfyl Secures $1.1 Million in Pre-Seed Funding to Simplify Compliance for Nigerian Businesses

This latest round of funding, led by Rally Cap with participation from Techstars, DCG, Musha Ventures, Africa Fintech Collective, and a group of angel investors, will enable Regfyl to scale its operations and workforce, while also expanding its product offerings.

by Joel Omulo

Regfyl Secures $1.1 Million in Pre-Seed Funding to Simplify Compliance for Nigerian Businesses

News Funding Companies

South African Fintech Happy Pay Secures $1.8 Million in Pre-Seed Funding to Fuel Expansion

This capital injection is aimed at accelerating the company’s growth by introducing new products, enhancing marketing efforts, and expanding its merchant network. The company also plans to strategically grow its team to support its expansion goals.

by Joel Omulo

South African Fintech Happy Pay Secures $1.8 Million in Pre-Seed Funding to Fuel Expansion

News Companies

Autochek Kenya Partners with Turaco to Provide Flexible Motor Insurance for Car Owners

Autochek Kenya has partnered with insurtech venture Turaco to offer comprehensive motor insurance with flexible monthly payment options. This partnership aims to transform the cost and accessibility of car insurance for vehicle owners in Kenya.

by Joel Omulo

Autochek Kenya Partners with Turaco to Provide Flexible Motor Insurance for Car Owners

News Startup Updates

NextEra Education: Revolutionizing Egypt’s Education System with AI and Global Partnerships

This initiative is the result of a strategic partnership between EYouth, prominent business leaders Mohamed Farouk and Ahmed Tarek, and entrepreneurs Mustafa Abd Ellatif and Mokhtar Ahmed.

by Joel Omulo

NextEra Education: Revolutionizing Egypt’s Education System with AI and Global Partnerships

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