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Apart From Fashion, Investors Are Increasing Their Interests In Egypt’s Gaming Startups As Eksab Raises $500,000

Barely two months after Egyptian gaming startup Anubis Gaming announced it has raised $300,000 seed, another Cairo-based gaming startup, Daily Fantasy Sports (DFS) platform Eksab has secured $500,000 from 4DX Ventures, a New York-based early-stage VC focused on African startups. “Daily Fantasy Sports and monetized competitions are a multi-billion dollar a year industry in the US,” said founder and CEO Aly Mahmoud. “Our goal is to become the premier sports entertainment company in the MEA region by offering exciting Fantasy Sports competitions as well as highly engaging local sports content.” “We’re bringing the FanDuel and DraftKings model to the world’s largest football market. Our ultimate goal is...

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...

Absa And Mastercard Partner To Create Access To 50,000 Dignified And Fulfilling Jobs For Young People

GHANA – Absa Financial institution Ghana and the Mastercard Foundation have sealed a partnership deal aimed at stimulating the growth of Micro, Small, and Medium Enterprises (MSMEs) to create access to 50,000 dignified and fulfilling jobs for young people in Ghana. The partnership among others seeks to build the capacity of 5,000 MSMEs, especially women led firms, smallholder farmers, and players in the agribusiness value chain; strengthen MSME lending capability within the bank to build understanding and help improve quality of service to sector; 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 also: Why Mentorship Can Make Or Break Your Startup Mrs Abena Osei-Poku, Managing Director, Absa Bank Ghana,...

Startups Within The West African Economic And Monetary Union Have New $350k Up For Grabs

Startups in the West African Economic and Monetary Union (UEMO) space have the opportunity to share a jackpot of FCFA 193 million ($350k) put into play by the union by taking part in a competition called “UEMOA Startup 2020 Springboard”. Until November 30, young entrepreneurs from Togo, Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger and Senegal will compete to carve out their places as the best in the union. The Competition, which has both a community and national dimension, aims to support efforts to promote modern and innovative entrepreneurship and to accelerate the development of startups within the union.  “More specifically, the Competition aims to identify,...

Fintech Startup Pass Raises Pre-Seed Round In Its Expansion Plan

NIGERIA – Fintech startup Pass has announced that it has embarked on a major operational expansion with the raising of pre-seed round that included angel investors from across US, Dubai and Nigeria. 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 also: Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A It was founded by Eze Samuel, a second time founder; with the goal of making online shopping easy, seamless, and fast for buyers of goods online, by reducing the checkout experience to a single click. “We are very excited about this round of investment as it will help us unlock the...

Daily Digest Monday 23 November 2020

Funding In North Africa Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A More startups in Egypt are increasingly raising funds this year compared to most African countries. Added to the list is Cairo-based ecommerce enablement platform ExpandCart which has raised $2.5 million in a Series A round. Read more Latest News Nigerian Agritech Startup Secures $40k Prize With over 2500 applications and 605 proposals submitted from over 30 countries across Africa, only 25 finalists were selected from 12 countries. The finalists selected took part in a two-week virtual business development bootcamp. Read more Opinion Corner Why Mentorship Can Make Or Break Your Startup In 2019, a study was done to determine what...

Nigerian Agritech Startup Secures $40k Prize

Femi Aiki, CEO of Foodlocker comments on winning first place in the category of mature business category prize. “The seed funding provides “a lot of fuel for the road” for his business. Now we can afford to buy more inputs. We can now afford to bring on board more experts in those value chains who can support smallholder farmers more remotely…That money will support the company to get results.” The ADB AgriPitch competition awarded a total of $120 000 in prizes to African youth agripreneurs at this year’s awards. With three categories in this year’s awards; early startup, mature startup, and women-empowered startups, the competition offers young...

Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A

More startups in Egypt are increasingly raising funds this year compared to most African countries. Added to the list is Cairo-based ecommerce enablement platform ExpandCart which has raised $2.5 million in a Series A round. “We believe that technology can empower commerce and with that vision in mind, we have built solutions to help merchants expand their sales online and offline. This new round of funding will help us work on our ambitious roadmap of new innovative eCommerce solutions that we will be rolling out to supercharge ecommerce growth in the Middle East,” Amr Shawqy, the co-founder and CEO of ExpandCart said in a statement.  Here Is...

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...

GFA Attract Interview With Katherine K Pam (CEO Of The Stalwart Group) And Nichole

Katherine (Kate) Pam is a seasoned Business Consultant and Social Entrepreneur with over 17 years of experience in consulting, oil and gas and financial services sectors. She is Group CEO of The Stalwart Group, which comprises three thriving subsidiaries: Stalwart Consults International (SCI), an organisational and business development consulting firm.Stalwart Communities Africa (SCA), a social enterprise that works towards creating and strengthening sustainable communities across Nigeria and Africa through bridging the existent gap between rural and urban education, leadership development and women empowerment programmes.Aberfeldy Energy Limited (AEL), an energy/oil and gas company that provides turnkey services to public and private institutions within the sector. https://youtu.be/b7fh3X7jcBc Katherine K Pam...

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