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Kenyan Digital HR Manager WorkPay Raises $2.1 Million Seed Capital to Drive Growth

Kenyan startup WorkPay, a digital human resource management (HRM) and payroll solution provider, has amassed $2.1 million in seed funding to accelerate its development. Having invested $100,000 in WorkPay in 2019, Kepple Africa Ventures oversaw this funding round which also involved contributions from YCombinator, P1 Ventures, Soma Capital, Musha Ventures, and other angel investors. WorkPay CEO, Paul Kimani WorkPay had recently taken part in the 3-month Silicon Valley-based YCombinator accelerator programme W20 and obtained $150,000 in funding after graduating as part of the program. The company can now further extend its reach and speed up its growth in key areas after successfully raising $2.1 million in its latest funding round. Founded in...

Daily Digest Monday 17 August 2020

Funding In East Africa KILIMO FRESH WINS $50,000 EQUITY INVESTMENT AT MEST AFRICA CHALLENGE VIRTUAL FINALS Tanzanian start-up Kilimo Fresh, a digital distributor of fresh produce to hotels, restaurants, supermarkets, institutions, wholesalers, and export markets has been named the winner of the MEST Africa Challenge, winning US$50,000 in equity investment. Read more Opinion Awakening the entrepreneurial spirit of every young African is key to continent’s future, development leaders agree (AfDB) - The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day,...

Tech resource relief fund worth R25-million launched for SA tourism industry

A local technology specialist company, Sautech has launched a relief fund worth R25-million aimed at businesses in the tourism industry. Sautech will offer free hosting services to qualifying businesses based on the tailor-made needs of each business The new initiative is aimed at providing technological resources and relief to businesses within the tourism sector that have been negatively impacted by the pandemic and lockdown regulations. Sautech will offer free hosting services to qualifying businesses based on the tailor-made needs of each business. Sautech is a South African, Gauteng-based company established in 2003 and offers all standard technology services. The value add is that they design specific solutions or consulting for projects,...

Awakening the entrepreneurial spirit of every young African is key to continent’s future, development leaders agree

(AfDB) - The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day, which fell on Wednesday 12 August, 2020. “Africa is young, and we need to do whatever it takes to empower our youth because they are the future of the continent,” said the Bank’s Acting Vice President for Agriculture, Human and Social Development, Wambui Gichuri, a featured speaker. “Entrepreneurship is an essential part in addressing Africa’s employment challenge and where we need to put our focus.” The webinar,...

KILIMO FRESH WINS $50,000 EQUITY INVESTMENT AT MEST AFRICA CHALLENGE VIRTUAL FINALS

Tanzanian start-up Kilimo Fresh, a digital distributor of fresh produce to hotels, restaurants, supermarkets, institutions, wholesalers, and export markets has been named the winner of the MEST Africa Challenge, winning US$50,000 in equity investment. Start-ups from Ethiopia, Kenya, Ivory Coast, Rwanda, Ghana, Tanzania, Senegal, Nigeria and South Africa were selected to take part in the MEST Africa Challenge, run by Pan-African training programme, seed fund, incubator, and hub MEST Africa. After two months of amazing pitches from Africa's best tech startups, and an intense finale, it's official. The winner of the 2020 #MESTAfricaChallenge, $50,000 in funding and a spot in one of @MESTAfrica's incubators is @kilimo_fresh.Congratulations and welcome to @MESTAfrica pic.twitter.com/i4bpDXCFxD— MEST Africa (@MESTAfrica) August...

FACEBOOK ACCELERATOR: COMMERCE PROGRAM 2021 FOR INNOVATIVE STARTUPS

Facebook Accelerator: Commerce is a 12-week non-equity program supporting innovative commerce startups who renew shopping experiences for buyers and sellers.  At Facebook, our focus has long been to bring people together and build community. We are committed to the startup ecosystem and believe that by connecting, training, and growing entrepreneurs through our programs, Facebook can empower people to solve relevant, meaningful problems. In this critical time, Facebook is doubling down on commerce and accelerating its work to enable every business to sell online and help people gain inspiration, discover and buy the products they love. Our commerce vision is one unified shopping experience across all Facebook apps. We can’t achieve this...

GFA Attract Episode 6: Interview with Yassine Oussaifi, Venture Capital Partner at AfricInvest Group

https://youtu.be/aVP5khw6ZXQ In this episode of GFA-Attract, GetFundedAfrica's Co-Founder, Debo Omololu discusses with Yassine Oussaifi, a Tunis-based Venture Capital Partner at AfricInvest Group. AfricInvest has $1.5 billion in funds under management and is one of Africa's largest venture capital firms. Yassine loves water sports and basketball and tries to relax at beach locations. In this episode,  you will learn: How Africinvest's size allows it to be one of a handful of African venture capital firms that invests in Europe & North America for the benefit of Africa.Yassine's view on the importance of innovation and why AfricInvest set up its innovation FundYassine's view of the increasing investment in African venture entrepreneurs which...

Daily Digest Friday 14 August 2020

Funding In East Africa Kaspersky Extends Reach to West Africa First Distribution currently distributes Kaspersky in Southern Africa and East Africa. The addition of the new territory means it now covers the full region for non-Francophone sub-Saharan Africa. Read more Funding In Southern Africa Former Springbok Bryan Habana’s app scores big World Cup-winning Springbok star, Bryan Habana, has announced the first two months of traction achieved with his award-winning creative team‘s MatchKit, an innovative platform that gives athletes a ground-breaking solution for commercialising their digital brand. Read more Funding In East Africa Kenyan retail-tech startup MarketForce selected for Y Combinator, banks $150k Launched in 2018, MarketForce enables consumer brands to optimise how they deliver essential goods...

Former Springbok Bryan Habana’s app scores big

World Cup-winning Springbok star, Bryan Habana, has announced the first two months of traction achieved with his award-winning creative team‘s MatchKit, an innovative platform that gives athletes a ground-breaking solution for commercialising their digital brand.  MatchKit has partnered with the  JVW Football Club According to MatchKit, a reported 2.6-million fans have utilised the app within the first six weeks of its launch. The app is currently focused on providing female athletes a platform to commercialise their brands.  A new partnership  In addition to gaining traction, a secondary milestone has been scored as MatchKit has partnered with JVW Football Club, owned by Banyana Banyana Captain, Janine van Wyk.  JVW Football Club focuses on...

Kenyan retail-tech startup MarketForce selected for Y Combinator, banks $150k

Kenyan retail-tech startup MarketForce is the only Sub-Saharan African company selected for the Y Combinator Summer 2020 batch, securing US$150,000 in funding and the inspiration for a new product. Launched in 2018, MarketForce enables consumer brands to optimise how they deliver essential goods and services to retailers and consumers by bridging the information gap in last mile distribution, while maximising efficiency across the sales and distribution value chain.  The startup’s platform leverages mobile devices by enabling field agents to record all customer interactions as they happen in the field, and then aggregates this data and presents it through live web dashboards. In May that MarketForce had raised US$350,000 in seed funding...

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