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Fintech infrastructure startup Parafin secures $125m warehouse facility from SVB and Trinity Capital
Samsung invests in Skipify to accelerate its next-gen digital wallet
Fintech company, Skipify, has announced a strategic investment from Samsung Next.
Former JP Morgan exec Jeremy Balkin launches innovative payment solution TodayPay
TodayPay has emerged from stealth mode to unveil payment technology solution.
Mudrex launches Saber.Money to offer onramp and offramp services in India
Mudrex announced the launch of Saber.Money to offer services to B2B clients.
Swedish fintech Brite Payments raises $60m to accelerate instant bank payments across Europe
Brite Payments has announced a $60m funding round.
South African payments startup Revio raises $5.2 seed round to grow coverage across Africa
Revio has announced a seed investment round of $5.2m.
Backbase partners with FrankieOne to provide digital onboarding solutions in Australia
Backbase announced its strategic partnership with FrankieOne.
HealNow secures $5.5m seed funding to transform pharmacy payments experience
HealNow has announced a $5.5m seed round led by Bonfire Ventures.
African fintech startup Lipa Later gets greenlight for public fundraising in US
Lipa Later Group is a global trailblazing innovator recognized as one of Africa's Fastest-Growing Fintech Companies by the Financial Times that continues to reshape the finance, payments, and e-commerce landscape in Africa.
Fintech firm LemFi raises $33m to transform financial services for immigrants everywhere
LemFi (formerly Lemonade Finance), has raised $33 million Series A round.
Fintech startup Okoora fuels Paysend's Israeli market entry
Okoora, the Swiss-Israeli fintech startup has partnered with Paysend.
Functional Finance raises $8m to expand operational efficiency for the insurance industry
Insurtech startup Functional Finance secures $8m in seed capital.
Visa opens applications for its Africa Fintech Accelerator Program
Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech Accelerator program.
European payments startup Salve FH selects Finastra to tackle payment delays for corporates
Salve FH has selected Finastra Essence to reduce payment delays.
Financial IT launches Fintech Pathfinder, showcasing the most promising fintech startups
Financial IT announced the launch of its highly anticipated Fintech Pathfinder.
Africa among top 3 regions prone to mobile financial scam, report
Throughout 2022 and the first quarter of 2023, 14% of installs of potentially unwanted mobile financial apps on Android phones were made.
Fintech firm LemFi expands diaspora remittance services to Kenya
LemFi announced it has formally launched its diaspora remittance services in Kenya.
Swiss lender Teylor secures €275m to support SMEs through its credit platform
Swiss fintech Teylor has secured €275m funding from Barclays and other investors.
How payment technology is changing the rulebook on South African retail
The past few years have seen the proliferation of new methods of transacting.
Adonis raises $17.3m to transform revenue outcomes for healthcare providers across the U.S.
Adonis announced it has raised $17.3 million in Series A financing.
6 smart ways finance leaders are cutting business costs in 2023, Sastrify
It has long been a common practice for companies to make reactive cost cuts.
[Column] Darryl Pietersen: Africa’s digital dividend: The role of technology in remittances
The growth of Africa’s digital economy has resulted in many positive changes.
CoinsPaid sees potential in Estonian market, ready to drive innovation in startup ecosystem
CoinsPaid continues to develop and places emphasis on the potential of Estonia.
Milan-based fintech startup Viceversa closes €10m Series A funding round to accelerate growth
Viceversa, the Milan-based fintech startup that introduced revenue-based financing to Italy to support the growth of digital companies, announced the closing of €10 million Series A financing round.
Fintech startup Setscale launches out of stealth with ~ $80m equity and debt raise
Setscale, a fintech startup revolutionizing purchase order financing for SMBs, announced it has raised a $9.5 million seed funding round, as well as secured up to $70 million in debt.
Nigerian payments startup Nomba raises $30m pre-Series B funding round
Nigerian payment service provider Nomba has raised a $30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.
Pan-African payments startup PayDay re-launches in Rwanda, partners with Starlink to enable internet access
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their subscription services through the platform.
Gate Pay partners with CityPay.io startup to advance crypto payment adoption in Georgia and Europe
Gate Pay, the crypto payment service product by the global leading CEX Gate.io, announced a strategic partnership with CityPay.io, a fast-growing crypto payment startup based in Georgia.
Nigerian fintech firm Zone adopts ThetaRay AI Solution to screen payments
Zone (formerly Appzone) and ThetaRay announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.
Forces shaping the retail landscape in 2023, ESW
Brands and merchants are constantly adapting to the ever-changing forces that shape the retail landscape
Intelligent payments startup Toku raises $7.15m seed round to revolutionize subscription payments in LatAm
On a mission to revolutionize the way companies collect payments in Latin America, Toku, the platform optimizing collections for subscription companies, announced it has raised $7m seed round.
Global trends in supply chain finance, Plug and Play
According to the World Supply Chain Finance Report 2022, supply chain finance fund volumes showed a significant increase in 2021 over 2020 as the global volume rose by 38% to $1.8 billion and funds in use by 41% to $713 billion.
African fintech Flutterwave secures two additional licenses in Rwanda
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
[Column] Darryl Pietersen: Improving innovation and technology for gender equality in Ghana
The digital revolution is fully underway, and the technology industry is reshaping our world. While it looks quite innovative and revolutionary from the outside, women remain a dramatically underrepresented group.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
[Column] Didi Onwu: Understanding youth entrepreneurship in Kenya - why fintech is an attractive sector
Boasting one of the fastest-growing economies in Africa, Kenya is on the rise to become a powerhouse of innovation on the continent. This is largely in part due to the country’s thriving culture of entrepreneurship and its significant startup ecosystem.
Munich-based finway raises $10m Series A funding to reimagine spend management for European SMBs
finway, the German finance operating system for SMBs, has raised €9.2 million in a Series A round from Capital 49, an early stage venture fund led by founders of global fintech unicorn Airwallex.
Indian SaaS startup Mintoak raises $20m Series A funding round to grow its product portfolio
Mintoak, an India-based software-as-a-service (SaaS) platform focused on merchant services, has raised $20 million in Series A funding round led by PayPal Ventures.
[Interview] Mikhail Marchenko, Co-founder, JuicyScore, Kenya
Mikhail Marchenko is the Co-founder of JuicyScore, which recently launched its operations in Kenya. JuicyScore offers anti-fraud and risk management solutions to digital lenders, insurance companies, e-commerce and classifieds.
Kenyan fintech startup Power Financial raises $3m seed funding to accelerate growth
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a $3 million seed funding.
Nigerian fintech startup Trade Lenda raises $520K in pre-seed round to accelerate growth
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520K in pre-seed funding to speed its growth.
Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance, announced it has secured $5 million in a pre-Series A round.
Nigerian fintech Flutterwave expands into North Africa with new Egypt payments licenses
Flutterwave, Africa's payments technology company, has announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt.
Kenyan government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave, according to a new report by Bloomberg.
Spanish fintech startup Snab closes €1.1m investment round to grow its B2B payments platform
Snab, the Spanish payment platform that allows payments and transfers between companies in one click, has raised €1.1 million in its first funding round.
Squid raises $3.5m to build next-generation cross-chain swaps
Squid, a Zug, Switzerland-based provider of a routing protocol that enables users and developers to easily access cross-chain liquidity, raised a $3.5m seed round led by North Island Ventures.
Next-gen employee payments startup Grazzy raises $4.25m to power hospitality's future of digital tips
Grazzy, a next-gen employee payments platform, announced a $4.25 million seed funding from Next Coast Ventures and Tuesday Capital to fuel expansion and growth of its digital tipping.
Web3 payments startup SphereOne raises $2.5m to build crypto for grandmas
SphereOne, a crypto payment platform that allows users to make purchases with any cryptocurrency, across any blockchain, announced the closing of a $2.5 million seed round.
[Column] Mikhail Marchenko: Major fintech trends that will affect online businesses in 2023
Digitalization and technological achievements, which have been observed in the African region for the past decade, have sped up the inevitable processes in fintech, changing its landscape completely.
Nigerian fintech firm TeamApt reaches annualized payments volume of $170 billion, rebrands to Moniepoint
TeamApt Incorporated, the business banking platform in Nigeria, has adopted the name of its flagship product - Moniepoint, a testament to its success as the all-in-one digital banking solution for businesses.
The payment of goods and services will be in charge of cryptocurrencies
With the evolution of society, the use of money as a means of exchange in any financial transaction has become increasingly essential; it represents the value that a product, exemplary, or service can have worldwide.
Fintech enabler Ukheshe secures Series A funding to accelerate international expansion
Ukheshe International, the UK-headquartered division of digital-first, Banking as a Service (BaaS) enabler Ukheshe, announced the conclusion of an investment agreement that will help accelerate its international expansion.
European fintech Novicap raises €200m for its Credit platform as it hits €1b transaction volume milestone
Novicap, the European fintech providing end-to-end working capital solutions, announced it has raised a €200 million debt facility from London-based asset manager, Fasanara Capital.
Nigerian fintech startup Pivo raises $2m seed round to accelerate growth
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.
Swiss Web3 payment startup DePay partners with WooCommerce to bring payments to online merchants
Swiss Web3 payment startup DePay, announced it is joining forces with the self-hostable, open-source eCommerce plugin WooCommerce, pushing decentralization further and providing merchants with the ability to have customers send payments directly to their own wallets.
Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.
Dutch fintech venture Yabx expands into Nigeria
Yabx, a fintech venture headquartered at Netherlands, announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.
Kenya, Nigeria and South Africa lead fintech growth in Africa, Mastercard
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent.
Fintech emerging as Africa’s most vibrant sector, study
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, found a Mastercard study on the state of fintech in African markets.
Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.
Tanzanian fintech startup NALA enables Google Pay payments from the US and UK into Africa
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
BNP Paribas acquires London’s currency management automation fintech Kantox
BNP Paribas announced the signature of an agreement for the acquisition of Kantox, a fintech for the automation of currency risk management.
Ghanaian fintech SecondSTAX raises $1.6m pre-seed funding to expand to other countries
Ghanaian fintech SecondSTAX (Secondary Securities Trading and Aggregation eXchange), announced it has raised $1.6 million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.
West african fintech startup Julaya raises $5m extension round to expand its operations
Julaya, a fintech stratup based in Côte d’Ivoire, Senegal and France, announced it has raised $5 million extension round led by European venture capital fund Speedinvest to expand its operations in West Africa.
Ethiopian fintech startup Chapa launches online payment gateway service for businesses
Ethiopian fintech startup Chapa has launched an online payment gateway to enable businesses accept payments from people worldwide.
Gradient Ventures leads $6m investment in LatAm's tax-technology startup Heru
Heru, an AI-based tax platform that simplifies the tax-filing process and provides intelligent insights for future filings, announced a $6 million seed round led by Gradient Ventures, Google's AI-focused venture fund.
Nigerian blockchain payments startup Bitmama closes $2m pre-seed round to scale growth
Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus closing the round at $2 million led by Unicorn Growth Capital and Launch Africa.
African fintech startup Flutterwave launches eNaira payments for businesses in Nigeria
Flutterwave, Africa's payments technology company announced its merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria.
Nigerian fintech startup Kippa raises $8.4m seed round to accelerate growth
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round led by Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Nigerian fintech startup NowNow raises $13m seed round to expand across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13 million in its seed round for expansion across Africa.
Waya digital banking startup for African immigrants goes official
Waya, a Kenyan and US-based fintech startup has announced the official launch of its full-service digital bank and money transfer app targeting the African Diaspora.
Fintech startup Duplo raises $4.3m seed funding to transform business-to-business payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
African fintech startup Flutterwave secures switching and processing license from Central Bank of Nigeria
Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN), widely regarded as CBN's most valuable payments processing license.
Kenyan fintech startup Pezesha raises $11m to expand across Africa
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding, has raised $11 million in a pre-series A equity and debt funding.
London-based Claret Capital raises €297m fund to back European tech startups
Claret Capital, the London-based Pan-European growth capital provider, announced the final closing of Claret European Growth Capital Fund III (Fund III), to back European tech startups.
Swedish payment startup Billogram raises €15m to accelerate growth in Europe and the DACH region
Swedish invoicing and payment startup Billogram has raised €15 million in funding round led by Swisscom Ventures, with participation from Partech, CNI Nordic and Inbox Capital.
Healthcare startup Prolocor announces $5.2m funding from seed round and NIH SBIR grant
Prolocor, a healthcare startup developing an innovative precision diagnostic test with the potential to predict the risk of thrombosis by quantifying FcγRIIa on the surface of platelets, announced the closing of an oversubscribed $3.2 million seed round.
SheMatters raises $1.5m seed funding to address medical neglect and Black maternal morbidity in the U.S.
SheMatters, an online platform and mobile app designed to support Black women/WOC who experience postpartum comorbidities, announced the close of over $1.5 million in seed funding.
UPTIMA secures investment from Salesforce and Docusign Ventures to fuel growth and expansion
Uptima, a global consulting and system integration firm, announced it has received funding from Salesforce Ventures and Docusign Ventures, to continue to enhance its IP-based accelerator, Everything-to-Revenue™.
Dublin-based startup Protex AI raises $18m to protect workplace accidents
Dublin-based startup Protex AI has raised a total of $18 million of investment to help further grow its presence in Europe and North America, led by Notion Capital.
FMO partners with SBC AfriTech to support next generation of early-stage African tech startups
FMO has partnered with a pan-African tech accelerator, Startupbootcamp (SBC) AfriTech, for the third installment of the Africa Startup Initiative Accelerator Program which is designed to scout skill and scale early-stage tech startups in Africa.
South Korean animation Startup Plask releases motion capture tool to democratize 3D animation
Plask, a 3D animation startup has unveiled its namesake premium motion capture and animation SaaS tool that makes 3D animation more accessible than ever.
EMURGO Ventures invests in DoraHacks to scale Cardano's Web3 developer pool and dApp ecosystem
EMURGO Ventures, the venture arm of EMURGO, one of the founding entities of Cardano blockchain, announced an investment into DoraHacks, a Web3 hackathon organizer.
Telit acquires California-based startup Mobilogix to provide custom IoT project and solution design services
Telit, a global leader in the Internet of Things (IoT), announced the acquisition of group assets from Mobilogix, a California-based startup company specializing in custom IoT solutions worldwide.
Nigerian fintech startup Grey raises $2m to simplify cross-border payments across Africa
Nigerian fintech startup Grey has raised $2 million in seed funding to simplify cross-border payments across Africa. The seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund and other high-profile investors.
Swiss tech startup deskbird raises $5m to accelerate growth across Europe
deskbird, a Swiss-based tech company on its way to becoming Europe’s leading workplace management platform, announced the closing of a $5 million Pre-Series A financing round.
Copenhagen’s AI cybersecurity startup Muninn raises €2.5m seed round led by Luminar Ventures
AI-driven cybersecurity platform Muninn, headquartered in Copenhagen, has secured a €2.5 million seed round led by Luminar Ventures, with previous investor PreSeed Ventures (PSV) participating.
Los Angeles-based startup RentSpree raises $17.3m Series B funding to propel growth in the rental market
RentSpree, the industry's premier end-to-end rental management software provider, announced it has closed $17.3 million in Series B financing.
Kenyan startups raised $820m in VC funding in the first half of 2022, data
Kenya has secured an enviable position among the most competitive innovation and investment destinations in Africa. The country’s attractiveness has seen Big-Tech companies troop in to set shop in the capital, Nairobi.
Nigerian B2B e-Commerce startup Omnibiz raises $15m for expansion
Nigerian B2B e-Commerce startup Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
Belgian startup Magnax raises €20m for axial flux “pancake” electric motors
Belgium-based Magnax, technology leader in axial flux electric motors, has closed a €20 million funding round and adds two new investors; BIG Capital, who led the round, and SFPIM.
Octopus rolls out €220m to drive green power generation, backs Exagen to build UK’s largest battery
Octopus Energy Group launched its new renewables fund Octopus Energy Development Partnership (OEDP), as the fund makes its debut investment in renewables developer Exagen to build new green energy.
Erie Insurance launches venture capital fund to accelerate innovation
Erie Insurance, an auto, home, business and life insurance company based in Erie, Pennsylvania, announced the establishment of Erie Strategic Ventures to support visionary entrepreneurs.
Mobile gaming platform startup INK Games secures $18.75m Series B financing
INK Games (INK), an Austin-based startup building a social gaming and commerce platform, announced it has secured $18.75 million of funding through its Series B equity round.
South Korean edtech startup Day 1 Company announces plans to Dive into US
Korean edtech startup, Day 1 Company, announced plans to enter the U.S. market with the launch of a new product, Dive.
Eurobio acquires 100% of Dutch transplant diagnostics startup GenDx
Paris, France-based Eurobio Scientific (Eurobio) has reached agreement to acquire all outstanding shares of Dutch-based transplant diagnostics startup GenDx for an amount of €135 million (net of adjusted cash) to be paid in cash at closing to its current shareholders.
German startup Dryad closes €10.5m Series A funding to speed up early wildfire detection technology
Dryad, the only provider of solar-powered environmental sensor networks for ultra-early wildfire detection and forest monitoring, has closed €10.5m in Series A funding.
Munich-based Celonis secures $1b to fight economic and supply chain challenges
Celonis, the global player in execution management, announced it has secured an additional $1 billion in funds to accelerate its unique position to help customers thrive in challenging economic environments.
Pace raises $5m to integrate product-led growth with enterprise sales
Pace, a startup building a product-led revenue platform, has raised a $5 million Seed investment led by Work-Bench. Pace simplifies the transformation from traditional enterprise sales motions to a hybrid, product-led approach.
ZEBOX America selects new batch of startups to reimagine global logistics and mobility
International startup incubator and accelerator ZEBOX America announced a new cohort of 9 startups, marking a key milestone as the tech hub works to reimagine and revitalize the North American supply chain, logistics, mobility and Industry 4.0 sectors.
[Startup Interview] Collins Kathuli, Co-founder and CEO, Kyanda, Kenya
Kyanda is a Kenyan fintech startup that offers Digital Financial Services to businesses, SMEs and citizens.
[Startup Interview] Alfiya Kayumova, CEO and co-founder, Green Growth, USA
Green Growth is a US-based agritech startup that runs a software and hardware-based solution consisting of a set of sensors, combined in a single infrastructure.
[Startup Interview] Jelmer Van Der Linden, Co-Founder, De HardloopSchool, Netherlands
De HardloopSchool is a Dutch sports and fitness startup that offer physical and online classes on running by allowing learners to run wisely, efficiently and relaxed, which reduces the risk of injury and allows one to perform to their maximum potential.
Canadian startup Vive Crop Protection closes $26m funding round to accelerate its precision chemistry platform
Vive Crop Protection announced the close of $26 million Series C investment round, led by Emmertech with participation from the Cibus funds, and existing investors Business Development Bank of Canada (BDC).
Early-stage startups don't stand to benefit from Inflation Reduction Act, Kruze Consulting
The Inflation Reduction Act of 2022 doubles the R&D Tax Credit from $250,000 to $500,000, a popular tax credit used by unprofitable startups. However, an analysis by Kruze Consulting shows that the earliest-stage startups will likely not benefit from this increased credit.
Savannah Logistics Innovation Center, Plug and Play announce first cohort of their accelerator program
The Savannah Logistics Innovation Center (SLIC) and Plug and Play announced the first cohort of selected startup companies chosen for their accelerator program.
Japanese healthtech startup Ubie raises $26.2m Series C funding to fuel business growth in Japan and the U.S.
Ubie, a Japanese healthcare AI startup with a mission to develop a healthcare guide for everyone, announced it has raised $26.2 million in the 1st round of Series C funding.
Dubai tech startup Educatly appoints LinkedIn's Executive Ali Matar to Board of Advisors
Dubai-based tech startup Educatly has appointed Ali Matar, Head of LinkedIn MENA and EMEA growth markets, to its Board of Advisors.
Nigerian last-mile delivery startup Kwik launches in Ibadan
Nigerian last-mile delivery startup Kwik Delivery announced it has officially launched its innovative and just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan.
Cherubic Ventures completes $110m Fund V, brings total committed capital to over $400m
Cherubic Ventures announced the successful completion of the venture capital firm's Fund V at $110 million, with a total of over $400 million in committed capital under management.
UK-based Medi-science International partners with Kenyan healthtech startup Afya Rekod to enhance healthcare delivery
UK-based Medi-science International and Kenyan healthtech startup Afya Rekod have announced a strategic collaboration to transform healthcare delivery through improved access to personal health data.
BASF Venture Capital and Dutch-based Aqua-Spark invest in Sea6 Energy as part of Series B financing round
BASF Venture Capital, the corporate venture company of BASF SE, Germany, and Aqua-Spark, a Dutch investment fund focusing on the global aquaculture industry, are investing in Sea6 Energy as part of a Series B round.
Kenyan e-Logistics startup Lori Systems raises funding from Google to facilitate expansion efforts
Kenyan e-logistics startup Lori Systems which operates across East Africa, announced it has raised an undisclosed amount of Round B funding from Google, to facilitate the company’s expansion efforts.
Kenyan agritech startup IProcure secures $10.2m Series B funding to accelerate growth
iProcure, Africa’s tech and data-driven agricultural inputs supply company, announced the close of a $10.2 million Series B funding round that raised debt and equity from a diverse group of international investors.
Insurtech startup Ledgebrook raises $4.2m to provide best-in-class quoting experience to wholesale brokers
Ledgebrook, a Boston-based insurtech startup, announced it raised $4.2 million in seed funding to build out its operations with the goal of writing its first policies in Q4 2022.
Pomelo fintech launches with $20m seed capital
Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer.
Customer experience startup Hark raises >$1.5m to build a new video-focused support channel
Hark, a New York-based customer experience startup, has raised more than $1.5 million to launch a new, video-based customer experience channel aimed at helping companies deliver a best-in-class experience while decreasing costs.
Explo raises $12m Series A funding to build customer-facing analytics, releases self-serve onboarding
Explo, a customer-facing analytics solution for sharing data across any platform, announced $12 million in Series A funding, bringing the company's total amount raised to $15 million.
South African gaming startup Skrmiish secures $2.5m seed round to speed growth
Cape Town-based Skrmiish, a mobile “play-to-earn” app that enables gamers of every level to earn cash in every match they play across the AAA+ games they love, has raised a $2.5 million seed round to speed its global growth.
AI gaming and Esports startup Regression Games exits stealth with $4.2m seed funding from NEA and a16z
Regression Games, the AI gaming and esports company announced it has closed $4.2 million in seed funding led by New Enterprise Associates (NEA).
Bush Foundation invests $1.5m in Brown Venture Group to widen investment door for Black, Indigenous and Latinx entrepreneurs
Brown Venture Group announced it will receive an investment of up to $1.5 million from the Bush Foundation.
Budmail announces partnership with Canadian AI startup Lil Durk
Lil Durk (LilDurk.com), a Canadian news & technology company enhanced by AI-driven neural networks, has announced a strategic partnership agreement with Budmail, a retail-focused cannabis company.
Agya Ventures closes $32m fund to back early-stage startups shaping the future of real estate and metaverse
Agya Ventures, a venture capital firm focused on early-stage real estate and construction technology, announced the close of its $32 million fund ('Fund I').
Equinor Ventures joins climatetech startup incubator Greentown Labs as newest Terawatt Partner
Greentown Labs, the largest climatetech startup incubator in North America, announced that Equinor Ventures has joined as its newest Terawatt Partner, the highest level of partnership with the incubator and its community of climatetech startups.
Philadelphia-based startup Stimulus raises $2.5m oversubscribed seed round to help companies build better supplier relationships
Stimulus, a Philadelphia-based relationship intelligence (SaaS) startup in the supply chain space, raised an oversubscribed $2.5 million seed round led by Black Ops VC.
Dropbase raises $1.75m round to help import, manage, and query messy CSVs and Excel files in analytical databases
Dropbase, the collaborative data import and data management platform, raised a $1.75 million round led by Gradient Ventures (Google's AI-focused venture fund).
South African agritech disruptor AgriKool drives down food costs for consumers, increases profits for farmers
AgriKool, a South African e-trading platform, is connecting agricultural producers to buyers to facilitate the sale of products between retailers and farmers.
SaaS startup Klavi raises $15m to grow open finance solution, develop new B2B products
Klavi, a SaaS platform in data aggregation, analytics, and API services, who aims to empower companies with its Open Finance solutions , has just received an investment of $15 million.
Las Vegas startup Boxabl raises capital to continue disrupting the housing market
Las Vegas based startup Boxabl announced an undisclosed capital raise to continue disrupting the housing market.
UK-based Conversational intelligence startup Jiminny raises €16.5m to fuel international expansion
Jiminny, a UK headquartered conversation intelligence provider supporting sales teams across the world, has closed a $16.5 million series A funding round led by Kennet Partners, a transatlantic growth equity firm.
Taiwanese martech startup Wavenet raises $3m series B round to expand in Japan and North America
Taiwanese marketing technology (martech) startup Wavenet, announced the raise of $3 million in series B round, to expand its operations to Japan and North America, and hire more international talents to join the team.
West makes minority investment in Dublin-based vaccine and biologics startup Latch Medical
West Pharmaceutical Services, a global player in innovative solutions for injectable drug administration, announced it has made a strategic investment in Latch Medical, a Dublin-based startup leading in next-generation vaccine and biologics delivery technology.
Crowdfunding platforms StartEngine and Indiegogo team up to help startups raise capital from ideation to Series C
Crowdfunding platforms Indiegogo and StartEngine have teamed up to ensure that startups have continuous access to the capital they need.
Modern intranet startup Haystack announces Connect, a tool to foster deeper relationships among colleagues
Haystack, the modern intranet company making big companies feel smaller, rolled out Connect - a feature that uses first-party employee-profile data to intelligently pair employees.
T-Mobile accelerator startup Krikey brings NFT puppies to the Flow blockchain
Krikey, a gaming studio with more than 5 million users, announced the launch of SolarPups on the Flow blockchain.
German tech startup Cyanite announces new investors to support vision of universal music translation
Cyanite, a German tech company with various solutions in AI-powered music tagging and search, has closed an investment round with leading entrepreneurs from the music and technology industries.
Chinese Grand Pharma backs Dutch medtech Xeltis with €15m
Xeltis, a medtech company developing the most advanced polymer-based restorative cardiovascular devices, announced that a Chinese company, Grand Pharmaceutical Group, has committed to invest €15 million in equity and license fees.
Income verification startup Truework raises $50m Series C funding to accelerate growth
Truework, a fintech startup that provides income and employment verification for the nation's largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, announced it raised $50 million in Series C funding.
Web3 infrastructure firm Fortress Blockchain Technologies announces $22.5m seed funding
Fortress Blockchain Technologies announced it has raised Seed funding of $22.5 million led by Ayon Capital. The round also included Soaring Investment Management, Fortress' founder Scott Purcell.
Bain Capital leads $12m seed round for scalable blockchain startup RISC Zero
RISC Zero announced a $12 million seed round led by Bain Capital Crypto. Follow-on investors include Geometry, D1 Ventures and Cota Capital among others.
Canadian AI startup Proto raises $5.6m Series A funding to accelerate global expansion
Canadian startup Proto announced it has raised $5.6 million Series A round led by Mucker Capital with participation from Yolo Investments for the global expansion of its AI Customer Experience (AICX) solutions.
Finnish edtech startup Kide Science raises €1m bridge round to accelerate growth
Finnish edtech startup Kide Science announced it has raised €1 million, to support their new and exciting bid to expand from primarily science education, into all early years subjects.
German space tech startup LiveEO secures €19m to bring space data insights to Industry 4.0
Berlin-based space tech startup LiveEO has secured €19 million in funding in what is one of the largest investments to date in Earth Observation in Europe.
Israeli AI mobility Nexar acquires Portuguese startup Veniam to open unlimited possibilities for data-rich mobility applications
Nexar, an AI mobility company, announced it has entered into an agreement to acquire Veniam, the provider of intelligent networking for the internet of moving things.
Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.
Involta partners with tech startup HacWare to expand enterprise cybersecurity awareness services
Involta, a data center, hybrid IT, and cloud-forward consulting firm, announced a partnership with HacWare, an AI-driven cybersecurity awareness and training SaaS (Software-as-a-Service) product that combines threat intelligence with user behavior.
Israeli cybersecurity startup Canonic Security launches AppTotal API to streamline app-vetting for security teams
Canonic Security, a Tel Aviv-based cybersecurity startup providing a platform controlling third-party applications and integrations, announced the launch of the AppTotal API.
London-based VC firm Flashpoint unveils $102m close of its VCIII fund, secures first institutional investment partner
Flashpoint Venture Capital, an international technology investment firm announced that Széchenyi Funds signed up for a commitment of $20 million in Flashpoint’s VC III.
Venture capital firm JVP expands operations in New York, welcomes new partners and investors
Venture capital firm JVP announced it is expanding its activities in New York. Along with new investments in Fintech, Blockchain, Cyber, Climatech, Foodtech, and Digital Health, the fund has focused on growth.
Digital government and payments startup PayIt closes $90m growth investment fund
PayIt, the company modernizing interactions between governments and residents, has closed a $90 million investment from Macquarie Capital Principal Finance.
Data collaboration startup Sympatic raises pre-seed round to revolutionize zero-copy data use
Sympatic, a data collaboration platform that allows users to create and manage safe data sandboxes in their cloud of choice, announced it has raised a pre-seed round of funding led by Saltagen Ventures with participation from ScaleGood Fund.
Top Tier Capital Partners raises $925m to invest in its Velocity strategy
Top Tier Capital Partners (TTCP) announced it has closed on $925 million in new capital commitments for Top Tier Venture Velocity Fund 4 (VVF4), as well as a collection of separate accounts, one of which focuses on late-stage climate tech co-investments.
Kenyan insurtech startup Lami Technologies raises $3.7m to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a $ 3.7 million seed extension to expand its insurtech product across Africa.
Canadian news and technology startup startup Lil Durk raises $20m to reduce misinformation
Lil Durk (LilDurk.com), a Canadian news and technology startup enhanced by A.I.-driven neural networks, announced it has raised an additional $20 million in equity through a private funding round led by Alexander Elder.
Product search engine startup Vetted raises $15m to vet trustworthy product data for consumers
Vetted (formerly Lustre) announced the launch of its AI-powered product search engine, alongside a $14 million Series A investment round led by global software investor Insight Partners.
Boston-based crypto fund startup Triblock emerges out of stealth
Triblock, a Boston-based investment and advisory firm co-founded in 2019 by Matt Batsinelas and Bennett Collen, announced the startup has emerged out of stealth, after making over 20 investments while operating in stealth.
Autonomous robotics delivery startup Ottonomy closes $3.3m seed financing round
Ottonomy.IO, the autonomous robotics delivery startup, announced the close of its seed funding round of $3.3 million bringing its total funding to date to $4.9 million, supporting the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries.
Israel Natural Gas Lines invests in monitoring infrastructure startup Prisma Photonics
Israel Natural Gas Lines (INGL), announced a strategic investment in Prisma Photonics, a startup that develops advanced system for monitoring critical infrastructure in real time.
VMG Catalyst closes $400m Fund II to scale commerce venture capital space
Venture capital firm VMG Catalyst announced the closing of Fund II at its target of $400 million, bringing the total capital raised to $650 million across both funds.
Dutch home sustainability startup Woon Duurzaam receives €2.2m financing for further scaling up
EIT InnoEnergy supported Woon Duurzaam has received €2.2 million in a second investment round. The money will come from new investors Oneplanetcrowd and ROM InWest, and from existing shareholders EIT InnoEnergy and DOEN Participaties.
Madrid-based healthtech startup Idoven raises €18.5m to develop its AI platform
Idoven, a Madrid-based healthtech startup, specialised in early detection and precision treatment of cardiovascular disease (CVD), raised €18.5 million, to continue developing its artificial intelligence (AI) platform to identify arrhythmias and cardiac anomalies.
Israeli startup Frontegg raises $40m to solve user management for B2B SaaS
Frontegg, the user management platform for B2B apps, announced a $40 million in series B funding co-led by Stripes and global software investor Insight Partners.
Taiwanese tech startup Cubo Ai launches new sleep sensor pad to boost AI baby monitoring system
To further boost the safety of newborn babies as well as the peace of mind of parents, Taiwanese tech startup Cubo Ai has launched a new product to augment its award-winning Cubo Ai Plus Smart Baby Monitor - the AI Sleep Sensor Pad.
Taiwanese startup PrecisemAb announces progress towards vision of safest antibody treatment with no side effects
PrecisemAb Biotech, a biotechnology research company based in Kaohsiung, Taiwan, announced it has continued to stay true to its vision of enhancing antibody drugs by reducing side effects.
Francisco-based foodtech startup Lypid partners with Louisa Coffee to bring plant based burger patties
Lypid, a global leader in alternative fat, announced its partnership with Louisa Coffee, the largest coffeehouse company in Taiwan, to serve juicy, meaty plant-based burger patties to over 500 shops nationwide.
Battery tech startup Britishvolt confirms UK Government funding boost for its battery cell gigaplant
Battery technology pioneer Britishvolt confirmed funding from the UK Government through its Automotive Transformation Fund (ATF) run by the Advanced Propulsion Centre UK following a confirmation letter.
Kenyan wealth-tech startup Ndovu partners with Tulix to empower Africa’s diaspora to invest back home
Africa’s wealth management platform Ndovu has announced a strategic partnership withTulix, an Antler & Catalyst Fund portfolio company.
Biotech startup Novasenta completes $40m Series A to advance novel cancer therapeutics
Novasenta, a biotechnology startup focused on the discovery and validation of novel targets to develop cancer therapies, today announced the completion of $40 million in Series A financing led by UPMC Enterprises.
Golden Gate Ventures announces new hires to bolster startup golden triangle growth
Golden Gate Ventures, a venture capital fund in Southeast Asia (SEA) founded by Silicon Valley natives, announced the expansion of its Vietnam and Indonesia teams.
Taiwanese Startup Mindtronic AI opens way to the future of mobility with Meta-Service ecosystem
Mindtronic AI, a Taiwan-based startup, unveiled the world's first Meta-Service, a biometric sensing technology that provides instant access to any visible object in the real world.
U.S.-based compliance startup Kompliant closes $14m seed round to accelerate growth
Kompliant, the U.S.-based compliance startup closed a $14 million seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows.
Fintech startup Bizao raises €8m Series A funding to accelerate its footprint across Africa
Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent and invest in the design of new lines of products and services.
Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate
Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.
Stori becomes Mexico's newest Unicorn after raising $150m round of financing, valuing the startup at $1.2b
Stori, a fintech company offering credit card products to Mexico's underserved population, announced a $150 million round of financing, valuing the company at $1.2 billion, achieving a "Unicorn" status.
Why you should implement cryptocurrency payments into your e-Commerce website, Remuno
Crypto is one of the biggest aspects of modern finance and technology. For businesses, this revenue stream could provide major boosts to sales numbers, with crypto payments giving customers more freedom while also bringing benefits.
Celo announces new Web3 fund for African startups adopting crypto strategies
Mobile-first blockchain ecosystem Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.
Nigerian fintech startup CARMACHAIN hits over 80 million consumer profiles
Nigerian fintech startup CARMACHAIN announced it has hit over 80 million consumer profiles. This milestone is a major move for CARMACHAIN as it takes another step forward in realising its mission of decentralising data.
African fintech Flutterwave appoints Gurbhej Dhillon as new CTO
Flutterwave, Africa’s payments technology company, announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).
Nigerian fintech startup Mono launches in Kenya
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
London-based invoice intelligence platform Xelix completes $5m Series A funding to accelerate growth
Invoice intelligence platform Xelix announced it has successfully completed the Series A funding round, raising $5 million.
Real-time compensation platform Pave raises $100m Series C funding, acquires Option Impact
Pave, the real time compensation platform that helps companies plan, communicate and benchmark against the market, announced it has raised $100 million in Series C funding and acquired Advanced-HR from Morgan Stanley.
Indonesian startup Mapan secures $15m Series A funding to enhance financial access and inclusion
Mapan, an Indonesia-based leading startup focused on eliminating barriers to financial access for the masses in the country, announced it has closed a successful Series A round of $15 million.
London, Malta-based fintech CityFALCON raises $2m funding to scale growth
London and Malta based fintech CityFALCON closed an equity fundraising campaign on Seedrs of $2 million to scale up the business and bring even more insightful products to market faster.
Nibble Health startup raises $8.5m to humanize healthcare payments
Nibble Health, a B2B healthcare payments company, announced a $8.5 million seed round co-led by Wing Venture Capital and Tiger Global Management, with participation from A* Capital and Expa.
Nigerian fintech firm VeendHQ secures $330k pre-seed investment to expand operations, scale growth
Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors, to expand its operations and scale growth.
MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia
MFS Africa, Africa’s digital payments network, announced it has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to $200 million.
South Africa's Private equity fund PAPE acquires interest in fintech provider Entersekt
Entersekt, a global player in device identity and payment authentication, announced a new investment from PAPE Fund 3 (PAPE), a mid-market South African private equity fund.
Y Combinator-backed Proper Finance raises $4.3m to create an integrated reconciliation software for fintechs
Proper Finance, the integrated reconciliation and ledger data platform that enables financial technology companies to maintain complete financial accuracy, closed a $4.3 million seed round
Business identity startup Middesk raises $57m Series B round to accelerate growth
Middesk, the business identity platform automating business verification and underwriting decisions, announced it has raised $57 million in a Series B round, co-led by New York-based private equity and venture capital firm Insight Partners.
Dutch fintech Backbase secures €120m funding to accelerate growth
Dutch financial technology company Backbase, the creator of the category-leading Engagement Banking platform, raised €120 million in growth equity funding from Motive Partners.
Singapore crypto payments startup Request Finance raises $5.5m seed round to accelerate growth
Request Finance, the Web3 enterprise crypto payments startup, has closed a $5.5 million seed round with institutional backers including Animoca Brands, Europe's leading early-stage venture capital investor Balderton Capital, and XAnge.
Nigerian fintech startup Indicina raises $3m seed funding to expand into other African markets
Nigerian fintech startup Indicina announced it has raised $3 million in seed funding round to foster its commitment to the credit value chain.
Ugandan fintech startup Eversend rebrands, announces new features
Eversend, a Ugandan fintech startup providing cross-border money transfers for Africans and Africans in the diaspora has rebranded, to reinforce its commitment to users with an all-inclusive payment platform and a modified look to support this transition.
Swiss Web3 payment startup DePay brings Web3 P2P payment gateway to eligible Shopify merchants
Swiss Web3 payment startup DePay, announced its official integration into omnichannel commerce platform Shopify, allowing for the very first integration of a wallet-to-wallet (P2P) payment solution for eligible Shopify merchants.
UAE fintech startup Pemo launches all-in-one spend management platform for MENA SMEs
Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP),has announced that it has launched its all-in-one spend management platform.
Dutch BNPL fintech in3 raises $85.3m series B round to expand in the Netherlands, launch in Germany
in3, a Dutch 'Buy-Now-Pay-Later' (BNPL) fintech, announced a $85.3 million Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital.
Nigerian fintech startup Grey partners with Cellulant for East Africa expansion
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.
London-based fintech Paddle acquires ProfitWell to automate payments infrastructure for SaaS companies
Paddle, the complete payments infrastructure for SaaS companies, announced it has acquired ProfitWell, the provider of subscription metrics and retention automation software.
Fintech startup Consilient raises $3m seed funding round to develop next-gen financial crime compliance technology
Consilient, a fintech innovator aiming to transform financial crime compliance, announced it has secured a private $3 million seed funding round.
Pan-African fintech app Bamba raises $3.2m seed funding to scale growth
Kenyan fintech startup Bamba secured $3.2 million in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the round with participation from Presight Ventures.
Fintech startup MooveBeta merges with ImpalaPay to provide a connected economy for Africa
Adanian Labs Africa incubated fintech startup MooveBeta has announced its merger with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide.
Banking-as-a-Service startup Unit raises $100m Series C round to accelerate product development
Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners.
Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform
BridgerPay, a Limassol, Cyprus-based payment operations platform provider, raised $6 million in seed (equity and secondary) funding, to build the world's first self-onboarding payment operations platform.
South African fintech firm Hello Pay launches new mPOS device for SMEs
South African fintech firm Hello Pay has launched a new high-end Android Mobile point-of-sale solutions (mPOS) for local merchants and SMEs.
Lithuanian fintech startup kevin. secures $65m to disrupt payments sector, unlock open banking
kevin., the Lithuanian fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace costly card transactions, announced it has secured $65 million in Series A funding.
UK-based fintech startup Paysend opens Americas headquarters in Miami
Paysend, the UK-based fintech with over 6.5 million customers, announced the opening of its Americas headquarters in Miami.
AliExpress Co- Founder Tom Gong appointed CTO of Kenyan BNPL company Lipa Later
Tom Gong, Co-Founder AliExpress and former Technical Program Manager for Google Wallet, will be joining Lipa Later as the new Chief technology Officer effective March 2022.
Ghanaian fintech startup Dash closes $32.8m seed round to create a unified payments app for Africans
Dash, the unified and accessible payments app, announced it has raised $32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup.
Colombian startup Yuno raises $10m seed round to solve online payments in Latin America
Yuno, a Colombia-based startup has raised a $10 million seed round to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods.
African crypto startup Basqet launches payment gateway to enable businesses accept Bitcoin
African blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment.
Salary on-demand startup Cadana partners with Flutterwave to expand into Nigeria
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
London-based digital foreign exchange Currencies Direct announces £140m investment from Blackstone
Palamon Capital Partners and Corsair announced that funds managed by Blackstone have agreed to make a £140 million strategic investment in Currencies Direct.
Cybersecurity startup MindWise launches equity crowdfunding campaign on MicroVentures
Cybersecurity startup MindWise announced the launch of an equity crowdfunding campaign on MicroVentures.
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small and mid-sized retail sector.
Payhawk becomes first Bulgarian Unicorn after raising $100 million
Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m.
Fintech platform M-KOPA secures $75m growth equity round to scale its African footprint
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, announced its $75 million growth equity round, bringing its total equity funding to $190 million.
Four African startups selected for 10th cohort of Catalyst Fund fintech accelerator
Four African fintech startups have been selected to join the tenth cohort of the Catalyst Fund accelerator. The startups are among the six selected that are building solutions designed to improve the resilience of underserved.
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity during the Flutterwave 3.0, virtual event held on Friday, 18th February 2022.
Nigerian fintech startup Earnipay raises $4m to provide on-demand salary to workers
Nigerian fintech startup Earnipay which provides flexible and on-demand salary access to income-earners has closed a seed round of $4 million.
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
As the African fintech industry continues to bloom, so does the funding. Flutterwave has now become Africa's highest valued startup after closing $250 million Series D funding, bringing the company’s valuation to over $3 billion.
Flutterwave becomes highest valued African startup after closing $250m Series D funding
Technology company Flutterwave, announced it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide.
Payroll infrastructure startup Check raises $75m Series C to accelerate growth
Check, the payroll infrastructure company that lets platforms embed payroll into their products, announced it has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index.
MENA's c-Commerce startup Zbooni launches in Egypt
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
South African fintech startup Stitch raises $21m Series A funding to scale its operations
South African API fintech startup Stitch has raised a $21 million Series A funding round to scale its operations.
Silicon Valley fintech startup Branch raises $300m to open mobile ecosystem, provide solution to walled gardens
Branch, the cross-platform solution for mobile linking and attribution, has secured $300 milion in funding at a $4 billion valuation, led by existing investor NEA.
Fraugster partners with Dutch-based fintech startup Payaut to provide fraud prevention services to e-Commerce marketplaces
Fraugster, a German-Israeli payment intelligence company, has partnered with marketplace payout specialist Payaut, an Amsterdam-based fintech startup, to provide fraud prevention services to marketplaces.
[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
London-based m3ter launches from stealth with $17.5m funding to expand into new markets
m3ter, a metering and pricing engine for SaaS companies, launched from stealth with the announcement of $17.5 million in funding. The investment will support m3ter as it builds on significant early traction to expand into new markets.
Cincinnati fintech startup Pay Theory raises $2m seed round to accelerate growth
Pay Theory, a Cincinnati-based fintech startup, has closed a $2 million seed funding round led by Zeal Capital Partners, a Washington, D.C.-based venture capital firm known for its commitment to inclusive investing.
Mexican fintech startup Flexio raises $3m seed round to transform B2B payments in Latin America
Flexio, a platform revolutionizing business-to-business (B2B) payments in Latin America, announced it has raised $3 million seed round led by Costanoa Ventures with participation from Soma Capital.
Fintech startups hub Abaca crosses $2b in compliant cannabis commerce
Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry.
South African fintech Ukheshe achieves Level One B-BBEE rating
South African fintech, Ukheshe Technologies, has significantly improved its B-BBEE performance, becoming one of the only South African fintech enablers to achieve a Level One B-BBEE Contributor certification.
F-Prime Capital launches F-Prime Fintech Index to track the performance of disruptive fintech startups
F-Prime Capital announced the launch of The F-Prime Fintech Index, designed to track the performance of disruptive fintech companies enabling the delivery of core financial services across payments.
Compensation management startup Assemble raises $5m seed to make compensation a strategic differentiator
Assemble, a compensation platform for forward-thinking organizations announced a $5 million seed round led by Susa Ventures. Goldcrest Capital and several angel investors participated in the round.
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets.
Seattle-based fintech startup Seashell unveils inflation-resistant investment product alongside $6m seed round
Seashell, the fintech company dedicated to building a consumer-first, modern banking and investment experience, emerged from stealth with the announcement of Seashell Save.
British Fintech Farm raises $7.4m to launch Neobanks in 8 countries
Fintech Farm, a British fintech company creating neobanks in emerging markets, raised $7.4 million investment to develop its new project.
Kenyan BNPL startup Lipa Later secures $12m funding to expand across Africa
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
Emergency relief startup Canary raises $1.5m pre-seed funding to reinvent access to emergency funds at work
Canary, an emergency relief platform that makes it easy for employers to raise and distribute tax-advantaged payments for workers experiencing financial hardships, has raised $1.5 million in pre-seed funding.
Nashville-based worker’s compensation startup InsurePay secures Series B investment, buys Split Limit Studios
InsurePay, an Insuretech Property and Casualty (P&C) billing and payments platform, including workers' compensation insurance premium billing and payments has secured a Series B investment.
Berlin-based fintech startup Denario raises €1.3m to automate B2B payments experience for small businesses
Berlin-based fintech startup Denario announced the closing of €1.3 million venture funding led by 468 Capital, with participation from Presight Capital and MPGI.
Orange Ventures seed challenge opens applications for Egyptian fintech startups
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from Egypt with $570,000 in funding.
CellPoint Digital secures $25 million investment to boost entry into new markets
CellPoint Digital, a global provider of digital commerce and payment solutions, has announced an equity financing round of $25M provided by Toscafund and its private equity arm, Penta Capital, to build on a series of major successes in recent years.
Fintech startup Rêv enters U.S. payments market with the launch of an app-based multi-currency debit account
The X World Wallet account is easy to load from a user's existing bank account(s) and is linked to physical and digital Visa cards that can be easily added to Apple, Google, and Samsung Pay digital wallets for tap and go convenience.
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya announced it has raised $2 million seed investment from Next Chymia Consulting HK Limited.
Kenyan fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda announced a new partnership with Twiga Foods that will see Twiga vendors become a one-stop-shop for a variety of digital and financial services offered by Tanda.
Subscription Management startup Chargebee opens new office and data center in Australia
Chargebee, the subscription management platform, announced it has opened a dedicated office and data center in Sydney, Australia to support SaaS and subscription businesses and ensure APP compliance.
Egyptian fintech startup KlickIt closes first investment round to further develop its platform
Egyptian fees management and digital collection platform, KlickIt, announced the closing of its first investment round to further develop its platform. The round was led by EFG Finance and Camel Ventures, the venture capital arm of dfin Holdings.
Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.
Brazilian fintech startup TruePay raises $32m Series A funding for team and product development
TruePay, a Brazilian startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised $32 million in Series A funding led by Addition.
Fintech startup and shareholder loyalty pioneer TiiCKER launches Android app
TiiCKER hit the trifecta with the addition of an Android app to its web and iOS portals, giving America's estimated 130 million retail investors instant access to loyalty rewards.
South African fintech firm Ozow raises $48m Series B round to accelerate growth
South African fintech firm Ozow raised $48 million Series B funding round led by Chinese internet giant Tencent. Other investors Endeavor Catalyst and Endeavor Harvest Fund participating also participated in the round.
Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform
EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round.
Investor Advisor Seed Ventures closes first round
Investor Advisor Seed Ventures (IA Seed Ventures) announced the first closing of its new venture fund with investments in five companies. These deals mark the beginning of active investment for this new network of accomplished investors.
South Africa based fintech startup SOLMate launches prepaid debit cards for consumers
In its ongoing effort to offer clients a fully-fledged financial ecosystem in their pockets, SOLMate has further enhanced its solutions with the launch of this new generation debit card.
Kenyan-based payroll startup Workpay expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core HR, Payroll, and employee record services to organizations in the country.
Pan-African fintech startup Payday joins Techstars Toronto Accelerator program
Payday, a Pan-African fintech startup announced it has joined Techstars Toronto Accelerator program.
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
Nigerian fintech startup Brass secures $1.7m financing round
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for SMEs, secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.
Subscription Management startup Chargebee partners with Worldline to improve customer engagement and retention
Worldline and Chargebee announced collaboration to provide an end-to-end payment, subscription and revenue operations solution for merchants operating in a subscription model.
Nigerian e-Commerce startup Sendbox raises $1.8m to digitize deliveries for African SMEs
Nigerian e-Commerce fulfillment startup Sendbox announced the completion of $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments.
Google selects nine Kenyan startups to receive equity-free funding via its Africa Investment Fund
During its very first “Google for Africa” event held early this month, Google announced it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
Hopscotch emerges out of stealth with $3.6m seed funding
Hopscotch, the platform bringing a consumer-like experience to B2B payments, today announced its emergence from stealth with $3.6 million in seed funding led by NOEMIS Ventures and Stellation Capital.
Chargebee startup adds revenue recognition capabilities to solve complex finance challenges for SaaS, subscription-based businesses
Subscription Management startup Chargebee announced its acquisition of revenue recognition platform RevLock to expand the company's product offerings.
South African fintech firm Ukheshe partners with Chipper Cash startup to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.
Africa's crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Payroll-as-a-Service startup Check partners with Procare to improve payments in child care centers
Check, the payroll-as-a-service startup whose mission is to make paying people simple, announced a partnership with Procare Solutions, the child care management software platform.
Berlin-based Workist exits stealth to create global AI business connectivity layer
Workist, the company applying cutting-edge, deep-learning technology to automate business transactions, exited stealth and introduced its flagship product WorKI, an intelligent document processing tool that leverages advanced artificial intelligence.
Apto Payments acquires fintech startup Vertical Finance
Apto Payments, a next-generation cards and payments company, announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.
[Startup Interview] Marco Abele, Co-Founder, OneFor, Netherlands
OneFor is a fintech startup that offers various mobile money applications and technical services, including account, payment and card services. Its card solution is supported by Mastercard International. The startup’s Co-Founder Marco Abele elaborates.
South African fintech startup SOL announces rebrand with new virtual card offering
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.
Kenyan retail tech startup MarketForce raises $100,000 funding from Harambeans Prosperity Fund
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.
South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
South Africa“s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership with global next-generation card solutions and digital security company, dzcard.
Kenyan fintech startup Kwara selected for Mastercard Start Path program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.
11 fintech builders join Mastercard Start Path global network to scale innovation
Mastercard has opened door to startups around the world looking to grow platforms across open banking, predictive financial modeling for small businesses, smart rental payments and beyond.
Fintech startup Rapyd raises $300m Series E to further enhance its service offering
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here