August 10, 2022
South Africa: DataProphet Closes U.S.$10 Million to Scale Its AI-As-a-Service Platform for Manufacturers
Manufacturing plants or factories take raw material inputs and add value through a sequence of unit processes before shipping a product. Now, this process must follow a recipe.… Read more »
July 28, 2022
South Africa: Startup Qwili Gets U.S.$1.2 Million to Scale Its App and Low-Cost NFC-Enabled Smartphone
Qwili, a startup that provides a hybrid sales product to micro and small merchants in South Africa, has raised $1.2 million in seed funding a year after closing an undisclosed… Read more »
June 01, 2022
South Africa: Talk360 Raises U.S.$4 Million to Build Single Payment Platform for Africa
Many businesses looking to set up pan-African operations are often met with the challenge of establishing payment services that are appropriate for each country they go to. Most of… Read more »
May 27, 2022
Mozambique: Elon Musk Says Starlink Has Been Approved in Nigeria and Mozambique
Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and… Read more »
May 25, 2022
Namibia: B2B E-Commerce Retail Platform JABU Raises U.S.$15 Million Led By Tiger Global
More venture capital keeps trooping into Africa's B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more… Read more »
May 24, 2022
South Africa: Edtech FoondaMate Eyes Speedy Takeoff After U.S.$2 Million Funding
South African edtech startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, the UK-based venture capital firm, to drive uptake of its Whatsapp and… Read more »
May 19, 2022
Africa: How Untapped Global Plans to Bring the Revenue Financing Model to African Startups
In the developed world, almost anyone can get financing for, say, a car lease. But in an emerging economy like South Africa, the only people who own cars or can even get a car… Read more »