Startup Updates

Norrsken Accelerator, based in Stockholm, Sweden, extends an invitation to early-stage African startup founders who are driven by innovative visions for a better future. The accelerator program promises funding of $125,000 and participation in an intensive eight-week business development program.

South African fintech startup Float has announced the acquisition of an $11 million funding facility from Standard Bank. This strategic investment will enable Float to accelerate the rollout of its innovative card-linked installments platform.

Morocco's leading fintech startup, Gwala, has achieved a significant milestone by securing an undisclosed pre-seed round of funding. The recently secured funds will be instrumental in scaling Gwala's product offerings, recruiting top-tier talent, and driving expansion initiatives.

inDrive aims to inject up to $100 million into promising startups within Nigeria. Andries Smit, the head of new ventures at inDrive Nigeria emphasizes focus will be on backing startups that have achieved product-market fit and are poised for international scalability.