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Japan’s Project NINJA Aims To Support 50 Pre-Seed/Seed-Stage Startups In Ethiopia & Others

The Japan International Cooperation Agency (JICA), the agency that coordinates official development assistance for the Japanese government in developing countries, has announced the launch of a project aimed at strengthening startup ecosystems in emerging markets. NINJA, as the project is called, is short for Next Innovation with Japan. It is a startup support project that will be developed and implemented in about 5 pilot countries, including Ethiopia. Project NINJA will be focused on propping up innovative startups through business competition and incubation/acceleration programs in the targeted countries, as well as business matching support and policy advocation. Read more from source article: https://weetracker.com/2020/03/03/japan-launches-project-ninja-for-startups/ Click here to subscribe for...

Egypt’s Garment IO lands $450k seed investment for clothing factory smart device

Egyptian startup Garment IO has landed $450 000 in seed funding from Egypt Ventures and 500 Startups via its 500 Falcons fund. The startup, which was founded in 2017 by Mahmoud Saba and Ahmed Nounou (pictured above, left to right, respectively), offers a “plug and play” garment manufacturing management solution. Read more from source article: https://ventureburn.com/2020/02/egyptian-startup-garment-io-450k/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Cote D’Ivoire startup Afrikrea lands €1m investment

Ivorian tech startup Afrikrea has secured €1-million in investment from its existing investor Saviu, a French venture builder and venture capital (VC) fund, as well as French angel fund Id4 Ventures. This, according to an article last week by Jeune Afrique, a French-language pan-African publication. Afrikrea claims to be the leading “Made of Africa” fashion, art and handicraft online marketplace. The marketplace has processed more than $4-million in sales across 101 countries and supports merchants from all over the world. Read more from source article: https://ventureburn.com/2020/02/afrikrea-ivory-coast-e1m-investment/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

African Fintech Startup JUMO Closes Biggest Round Of 2020 So Far With Fresh $55Million

South African-born fintech startup, JUMO, has secured USD 55 Mn in its latest funding round. More than one year after causing quakes with a USD 52 Mn funding round and then following that up with an additional USD 12.5 Mn just three months later, JUMO has announced the closure of another massive funding round. This time, the startup has bagged a fresh USD 55 Mn which it says is for expansion into new markets and to launch new products in Africa and Asia.  Read more from source article: https://weetracker.com/2020/02/26/jumo-raises-usd-55-mn/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

GFA Daily Digest Thur, Mar. 5, 2020

East Africa Japan’s Project NINJA Aims To Support 50 Pre-Seed/Seed-Stage Startups In Ethiopia and others North Africa Egypt’s Garment IO lands $450k seed investment for clothing factory smart device Southern Africa African Fintech Startup JUMO Closes Biggest Round Of 2020 So Far With Fresh $55Million West Africa Cote D’Ivoire startup Afrikrea lands €1m investment Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ ...

GFA Daily Digest Wed, Mar. 4, 2020

Africa AFSIC - Investing in Africa Conference East Africa Sokowatch Raises $14 million to Revamp Supply-chain Markets for Retailers Southern Africa Catalyst Fund raises $15m from JP Morgan and UK Aid for South African fintechs and more West Africa Startup Funding Is The Focus Of Stanbic IBTC Founder Institute Lagos Cohort 2 Week 4, Class Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ ...

Sokowatch Raises $14 million to Revamp Supply-chain Markets for Retailers

Sokowatch, a Kenya-based e-commerce startup, has raised $14 million Series A funding, to revamp its supply-chain market for informal retailers in Africa. Quona Capital led the financing round joined by Amplo, Breyer Capital, Vertex Ventures, Timon Capital, and 4DX Ventures. The B2B company directly connects merchants to local and multinational suppliers, as well as digitizes orders, payments, and logistics. Above the demand and supply chain, Sokowatch also leverages historical purchasing data of retailers to provide credit and other financial services. Read more from source article: https://www.techgistafrica.com/news/sokowatch-raises-14-million-to-revamp-supply-chain-markets-for-retailers-2/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Startup Funding Is The Focus Of Stanbic IBTC Founder Institute Lagos Cohort 2 Week 4 Class

The event features Founder Institute - the world’s largest start-up accelerator, creating over 1000 companies, per year, globally. CEO Atmosphere and Lead Director, Stanbic IBTC Founder Institute, Lagos, Ayowande Adalemo stated “Founder Institute is, in over 180 cities, across the world; has over 4,200 portfolio companies and over 14,000 mentors, spread across the world”. Read more from source article: https://techeconomy.ng/2020/02/startup-funding-is-the-focus-of-stanbic-ibtc-founder-institute-lagos-cohort-2-week-4-class/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

[APPLY] Google, Flutterwave Training For 5000 SMEs Starts March 4

Google Nigeria, in partnership with digital payments company Flutterwave, will kick off a series of business clinics aimed at helping 5000 merchants across Nigeria acquire the skills and tools needed to leverage the Web for growth.  Called the ‘Digital Business Compass’, the first clinic sessions will be run from 3 – 5 March in Lagos, and will focus on equipping businesses with the tools, technologies and insights needed for them to grow in the digital age. Read more from source article: https://techeconomy.ng/2020/02/apply-google-flutterwave-training-for-5000-smes-starts-march-4/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Catalyst Fund raises $15m from JP Morgan and UK Aid for South African fintechs and more

Catalyst Fund, a Boston-based accelerator for early-stage technology start-ups, has raised $15 million with its long-term backer JP Morgan and UK Aid to back 30 fintech start-ups founded across South Africa, Kenya, Nigeria, India and Mexico over the next three years. The US and UK-backed accelerator offers mentorship and non-equity funding to fintechs tackling financial inclusion in emerging markets. With fresh funding, ten fintech start-ups from across all five countries will be selected each year to take part in the fund’s programme. Read more from source article: https://www.fintechfutures.com/2020/01/catalyst-fund-raises-15m-from-jpmorgan-and-uk-aid-for-emerging-market-fintechs/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

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