Entrepreneurship

Egypt has announced a $50 million venture capital programme backed by the World Bank to support and finance new and existing startups. The project is aimed at supporting young innovators …

OneOrder, an Egyptian supply chain tech startup, has secured $1 million in funding from A15, MENA’s premier venture capital firm. OneOrder aim to solve the inefficiencies in a restaurant’s supply …

(Bloomberg) — Nigerian financial-technology company Tingo Inc is seeking $500 million to expand across Africa partly through acquisitions, Chief Executive Officer Dozy Mmobuosi said. Tingo, which trades over the counter …

Stitch, a South African API fintech startup, has acquired a Series A investment round of US$21 million. PayPal Ventures, TrueLayer, firstminute capital, The Raba Partnership, CRE Venture Capital, Village Global, …

CrowdForce, a Nigerian startup supported by Y Combinator, has secured US$3.6 million in pre-Series A funding. Aruwa Capital Management led the US$3.6 million pre-Series A round, which included both stock …

African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in just twelve months. In March 2021, the San …

Duplo, a Nigerian fintech backed by Y Combinator, has raised $1.3 million to digitize payment processes for B2B businesses. Oui Capital, an early-stage pan-African venture capital firm, led the pre-seed …

Nawy, an Egyptian prop-tech startup, has secured a $5 million seed funding round investment aimed at expanding across the region. The fund was led by the Sawiris family office. Nawy …

Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded …

The International Finance Corporation (IFC), a member of the World Bank Group and the world’s largest development bank focused on emerging markets, has announced that it has invested in Axian …