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PAN-AFRICAN CONTRARIAN INVESTOR, P1 VENTURES, REACHES $25M FIRST CLOSE FOR ITS SECOND FUND

A sum of $25 million has been earmarked by Pan-African venture capital firm, P1 Ventures, at the first close of its second fund. The...

FLAPMAX SELECTS 12 AFRICAN STARTUPS FOR AI PROGRAM

Twelve companies have been selected for the second cohort of the FAST Accelerator startup program by Flapmax. Flapmax is collaborating with Microsoft to improve...

SOUTH AFRICAN STARTUP, FINANCEGPT, CREATES LOCAL LANGUAGE INTERFACE FOR SIMPLE FINANCIAL SERVICES

FinanceGPT was founded in 2020 by Phiwa Nkambule and Sibo Mkhont; they serve as the CEO and CFO of the company respectively. The startup...

FIXIT45 ACCELERATES AUTOTECH DREAMS WITH $1.9M FUNDING

In a promising development for Nigeria's Autotech landscape, Fixit45, a dynamic startup founded by Chioma Ahueze-Okochukwu, Goodluck Ikporo, and Pankaj Bohhra, has secured $1.9...

GHANAIAN AGRITECH RAISES $10.4M TO CONNECT LOCAL FARMERS TO GLOBAL MARKET

A Ghanaian agritech, Complete Farmer, has raised about $10.4 million in a pre-series A funding round. The company raised $7 million in equity, and...

IVORIAN E-COMMERCE PLATFORM, ANKA, RAISES $5M TO IMPROVE OPERATIONS

About $5 million has been raised by ANKA, an Ivorian SaaS e-commerce platform. The startup, which started 7 years ago, has raised approximately $13.5...

NAIRAGRAM WINS COVETED PAN-FINANCE AWARD FOR BEST REMITTANCE SOLUTIONS FOR AFRICANS

Nairagram, an American-based fintech company, has won the much-desired Pan-Finance award for Best Remittance Solutions for Africans in the diaspora. The fintech is an online...

MECHO AUTOTECH SECURES $2.4 MILLION IN PRE-SERIES A FUNDING

Mecho Autotech, a mobility startup, has secured $2.4 million in pre-series A funding. The company is venturing into wholesale distribution of automotive spare parts...

KENYAN FINTECH STARTUP, LIPA LATER, SECURES $5 MILLION IN PRIVATE DEBT ISSUANCE

Lipa Later, a prominent Kenyan fintech startup, has successfully secured $5 million in a private debt issuance. The company intends to allocate this funding...
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