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Digital

Nigerian Startups Apply For Startup North East Virtual Incubation Programme

The Startup North-East Virtual Incubation Programme, designed to assist Nigerian entrepreneurs in building their technology-based startup that solves challenges associated with aid distribution and data management in North East Nigeria has opened for applications.  Virtual Incubation Programme applications close 2 December 2020 Taking place over four-months, the entrepreneurship programme aims to rebuild the North East Nigerian region by uplifting tech startups that address the existing gaps in aid distribution and data management.  Successful applicants will be provided with additional support to put their product to market and deploy their applications by government and donor initiatives in the region.  Startup solutions To be considered for the programme, applying startups must focus...

Brantu, An Egyptian Fashion E-Commerce Platform Raises Series A Investment

Egypt-based fashion e-commerce platform Brantu has raised a seven-figure Series A round from Sawari Ventures. Launched by Mohamed Rizk and Fredrik Granström last year, Brantu is an online business-to-consumer (B2C) marketplace selling clothing, bags, accessories and footwear. The startup was founded with the mission of connecting local and global fashion brands to Egyptian consumers.  In its first year of operations, Brantu managed to acquire over 20,000 customers. The platform currently has an assortment offered exclusively for women sourced from 70 brands.  "We are changing the Egyptian consumer habit of buying fashion online. Before Brantu fashion, consumers bought through international/cross-border websites, facing the issues of long delivery times and...

South African Agritecth Startup, swiftVEE Secures $1.5-Million In Funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd, an unlisted public company specialising in Agri investments across the fruit, vegetable, and livestock industries and a private syndicate. swiftVEE has secured $1.5-million in a Series A investment round The funding will be used to expand the agritech’s offering within South Africa and neighbouring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa’s first multi-industry agricultural services platform that will provide technology services to industry stakeholders in the livestock, fruit, and vegetable sector. Leveraging off Zire, which is expected to launch in 2021, swiftVEE will be able...

Liquid Telecom Raises US$307 Million To Expand Data Centre Business

Liquid Telecom has raised US$307 million from its shareholders to expand upon its data centre operations. The figure rose to the final sum after a commitment of US$40 million by CDC Group, a development financial institution owned by the UK govt. This latest investment is an addition to the US$180 million equity investment made by CDC Group in 2018. The overall investment has been an ongoing fundraising effort from the company shareholders through a rights issue. The investment will support Liquid Telecom as it broadens its Pan-African data centre business, Africa Data Centres. “CDC’s additional equity investment into Liquid Telecom represents another crucial step in connecting businesses in Africa, with Liquid Telecom...

Winners Of The 2020 MTN Business App Of The Year Awards Announced

EasyEquities, an online platform in the investment sector has won the 2020 MTN Business App of the Year Awards along with first place in the Best Consumer Solution category, claiming the grand prize of an international trip to a tech-related destination valued at R200 000. The winner was announced at the 2020 MTN Business App of the Year Awards ceremony held virtually on 29 October. The Crowned Winner EasyEquities, is an online platform that allows anyone to purchase shares in the brands and companies, making it safe and easy to help new and existing investors sustain their investment portfolios with detailed account overviews and personalised reporting. With no...

Botswana Tech Startup Launches Digital Marketplace For SMEs

A new Botswana-based tech startup, Ponatshego, has launched a platform that aims to assist African SMEs in transitioning to an online marketplace. In turn, SMEs are able to sell their products online, allowing a wider customer reach and an increase in overall sales and profits. Botswana startup launches digital marketplace platform Digital transformation for SMEs Founded in July 2020, Ponatshego falls under the umbrella of Essential to Survival, a company owned by African entrepreneurs, Motshidisi Joseph Ngaiti and William George Whittle. Ponatshego’s mission is to offer a platform that makes it easy for small and medium enterprises (SMEs) to transition to an online marketplace. There are competing platforms in Botswana,...

Digital Banking Platform, Fundall Raises $150,000 In Pre-Seed Funding

As the Fintech industry continues to rethink how Nigerians manage money and transact funds, Fundall — one of its latest startups and direct challenger to “digital banks” like Kuda and Alat — has announced a pre-seed investment of $150,000 (One hundred and fifty thousand dollars) led by Black Knight Capital, a pre-seed and seed stage angel investment outfit. Read also: Mobile Money key To Africa’s Growth, But Bad Tax Policies Ruin It – By Bassim Haidar As part of an upgrade to what was like a Beta phase where it directly served about 10,000 members and about 200 million in deposits, Fundall is directing the investment largely into the...

Local Healthtech Startup Secures R10-million Funding

South African-founded and based healthtech startup, Udok has raised R10-million in a seed round of funding from FinX Capital, a local venture capital firm.  As a Connected Care Platform offering virtual medical consultations, Udok will be utilising the funding to expand its offering across the country and further its partnership with Clicks Pharmacies.  The startup reports that the funding will enable locals to access an Udok virtual practice at nearly 200 Clicks Pharmacies across the country.  Read also: Uganda Approves US$575m Tullow Stake Sale To Total  Dr Petrus van Niekerk, founder, and CEO of Udok comments on the partnership with Clicks stores and how it will enhance access to medical care...

Cameroonian Gaming Startup Kiro’o Games Raises $342k Via Crowdfunding To Invade Smartphone Games Market

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 has announced it has raised $342k as part of a fundraising campaign it launched in 2019. Buoyed by the funding, the startup has announced the launch of its very first game on PlayStore. Read also: Cape Town Launches An Innovation Challenge For Entrepreneurs “We have delivered ‘Early Access’ our game (…), which allows any player to experience the life of a high official of the Imaginary Republic of Mboa in a comic fashion. It is the first time in world history that the life of...

Kenyan Bus Management Startup Data Integrated Secures Funding Via Bond Issuance From Toyota Tsusho

Toyota Tsusho has invested in “Data Integrated,” a startup that develops and provides operation management systems for bus operators in Kenya. The company collects bus location information in real time and provides it to businesses and passengers. Toyota Tsusho will support the digitization of bus traffic in Kenya, where it is difficult to understand the operation status. “We are very happy to welcome mobility54 a Toyota group of companies as an investor and partner,” said CEO and founder, Data Integrated, Mary Mwangi. Here Is What You Need To Know Toyota purchased Data Integrated’s convertible bonds (convertible bonds = CB) through its subsidiary CFAO, a French trading company, and Mobility 54, an investment company...

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