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Daily Digest

Daily Digest Friday 27, November 2020

Funding In Africa Africa-Focused Travel Tech Startup Raises Six-Figure Seed Funding The funding received will be utilised for the launch of the new travel platform, focusing on Namibia as its first destination for travellers. In addition, the funds will be used towards the building of a functional and reliable MVP, including the tailoring of trips, the ability or customise trips according to users’ preferences, and instant booking. Read more Salesforce Ventures Joins AppsFlyer’s $210M Series D Round For Africa Growth AppsFlyer has secured more than $300 million in funding since 2011, and has seen tremendous growth since its $210 million series D round, announced earlier this year. Read...

Daily Digest Thursday 26, November 2020

Funding In East Africa Uganda’s Motorcycle Financing Startup Tugende Raises $6.3M Series A Led By Toyota Tsusho The funding round was led by Toyota Tsusho investment fund Mobility 54 with participation from U.S.-based Global Partnerships’ Social Venture Fund, and current shareholders including Denali Venture Philanthropy and Segal Family Foundation, and new angel investors. Read more Funding In Emerging Markets Zambian Women-Led Startup Receives Funding In an official press release, Liliane Munezero Ndabaneze, CEO of WidEnergy Africa said that the aim of the investment is to assist Zambians in rural areas who don’t have access to clean energy solutions. Read more Latest News 5G Consumer Market To Reach $31 Trillion By 2030 The report...

Daily Digest Wednesday 25 November 2020

Funding in North Africa Apart From Fashion, Investors Are Increasing Their Interests In Egypt’s Gaming Startups As Eksab Raises $500,000 Africa’s gaming ecosystem is still developing. Building on the success of “Aurion’s Heritage of Kori-Odan”, which in 2016 became the very first video game made in Cameroon, Cameroonian startup Kiro’o Games, last Ocotber, announced it has raised $342k as part of a fundraising campaign it launched in 2019. Read more Latest News South Africa’s Absa Is All Out For Startups, Launches 1000 Tech Entrepreneurs Program And Free Banking For Startups The 12-month program aims to assist founders with business growth and development. The program consists of bootcamps that have already begun...

Daily Digest Tuesday 24 November 2020

Funding In West Africa Fintech Startup Pass Raises Pre-Seed Round In Its Expansion Plan Pass is a technology company that is improving the online shopping experience by making the process of checking out easy and seamless for online shoppers through its one-click checkout platform. Read more Latest News Absa And Mastercard Partner To Create Access To 50,000 Dignified And Fulfilling Jobs For Young People To leverage digital technology to drive financial inclusion at scale and enable Absa Bank Ghana to provide financial and technical support to scale up promising Fintech start-ups while building their capability to help digitise the MSME space in Ghana. Read more Startups Within The West African Economic And Monetary Union Have New $350k Up For Grabs Until November 30, young entrepreneurs...

GFA Weekly Round Up November 16-20

In this week's GFA Weekly Round Up, we talked about: MultiChoice Acquires 20% Stake In BetKing For US$116m Tech Startup Xend Finance Secures US$1.5M, Launches First DeFi PlatformIbnsina Pharma Secures 75% Stake In Online Marketplace 3elagi TechSouth Africa’s The Student Hub Raises $2.9m From Naspers FoundryCameroon Secures US$18M New Joint Initiative From EIB And Société GénéraleTalentQL Raises $300k Pre-seed Funding Round https://soundcloud.com/get-fundedafrica/gfa-weekly-round-up-nov-16-20 GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges Guest Contribution, GFA Attract & Application Portal For Funding Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking Imagine a bank...

Daily Digest Thursday 19 November 2020

Funding In Southern Africa South Africa’s The Student Hub Raises $2.9m From Naspers Foundry The latest on the VC’s list is The Student Hub, an online learning platform, which helps TVET colleges to overcome physical infrastructure constraints and improves students’ access to vocational education and training. The VC has just announced investment of R45 million ($2.9 million) into the edtech company. Read more Funding In West Africa Cameroon Secures US$18M New Joint Initiative From EIB And Société Générale The initiative will include working capital, enable increased backing for investment projects and include more flexible disbursement conditions to reflect the acute and sudden challenges facing African business. The scheme is available immediately and will be...

Daily Digest Wednesday 18 November 2020

Funding In Africa CrossBoundary Energy Raises $40M To Scale Financed Solar for Businesses In Africa This exit and new investment is a powerful endorsement for the role of distributed renewables in Africa and the potential of blended finance in unlocking new asset classes. Read more Funding In Northern Africa Egyptian Startup Wuilt Secures $535,000 Seed To Build Its Online Arabic Platform Currently, the startup claims to be serving over 30,000 free and paying users in Egypt and Saudi Arabia. Although Wuilt’s main focus is on Arabic, the platform also supports building in English. Read more Funding In Southern Africa MetroFibre Networx Raises US$97.6m In Funding Round Its investment, through its Ideas Managed and AIIF3 Funds,...

Daily Digest Tuesday 17 November 2020

Funding In North Africa Elsewedy Electric Secures US$54M Tenders For Toshka Transformer Substations Ministry of Electricity and Renewable Energy and the Elsewedy Electric for Trading and Distribution signed the contracts which will see the Egyptian Electricity Transmission Company (EETC) construct the Toshka 4 transformer station of the gas-isolated type, under the turnkey system, at a value of EGP 410 million (US$28.21m). Read more Bank Of Alexandria Secures US$6M From Saudi Arabia To Finance Digital Transformation Egypt’s Minister of International Cooperation, Rania Al-Mashat, said that the Saudi Grant Management Committee funding for the Bank of Alexandria will strengthen financing mechanisms to support small, medium and micro enterprises, and create job opportunities. Read more Tunisian 3D Startup Onboard Raises 175K Onboard has raised a total of $ 250K in...

Daily Digest Monday 16 November 2020

Funding In Africa MultiChoice Acquires 20% Stake In BetKing For US$116m DStv packages include live English soccer, while MultiChoice agreed to a deal with Walt Disney earlier this year to add two ESPN channels showing US pursuits such as basketball. Read more Funding In West Africa Tech Startup Xend Finance Secures US$1.5M, Launches First DeFi Platform In addition, Xend has secured a US$1.5 million investment round from Binance Labs, Google Developers Launchpad, AU21 Capital, Ampifi VC, JUN Capital, TRG Capital, and Matic Co-founder, Sandeep Nailwal. Read more Latest News Ibnsina Pharma Secures 75% Stake In Online Marketplace 3elagi Tech The new partnership will promote the growth of 3elagi Tech, accelerate the startup’s digital transformation, and strengthen its digital footprint while providing people access to...

Daily Digest Friday 13 November 2020

Funding In Emerging Markets South African Fintech Startup FinChatBot Secures $1.6m To Explore Markets In Europe And West Africa On its part, Saviu is an early-stage venture capital firm that invests in post-revenue seedstage B2B startups (mostly logistics and transport) in both francophone and anglophone countries across Africa. Since its founding in 2017, Saviu has made more than 20 investments in 11 portfolio companies, mostly in french-speaking countries. Read more Funding In Southern Africa Tech Group Alviva Holdings To Buy Rival Tarsus For US$11.8m It was reported in mid-October that Alviva was in discussions to buy Tarsus, prompting Alviva to file a regulatory notice to shareholders via the Johannesburg Stock Exchange...

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