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Abu Dhabi-based fintech startup FlapKap secures $34m pre-series A to scale SME financing across MENA
EIF and Swedish fintech Invoier boost European SMEs with €58m financing
EIF and Invoier have partnered to provide SMEs with better access to funding.
Berlin-based insurtech startup SureIn closes €4m designed for Europe's SMBs
Berlin-based insurtech startup SureIn has closed a €4 million Seed round.
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.
Swiss fintech startup Numarics raises €10.2m seed round
Swiss fintech startup Numarics has raised a €10.2m seed round for its automated accounting and administration solution tailored to SMEs.
5 tips to improve small business productivity, Family Features
Running a small business comes with a multitude of challenges that can hinder productivity.
Ayoba, Adanian Labs launch accelerator programme in Nigeria
Ayoba has partnered with Adanian Labs to launch an SME accelerator program in Nigeria.
Customer success platform ZapScale secures $2.5m seed funding to accelerate growth
ZapScale announced it has successfully raised $2.5 million in seed funding.
[Column] Mukesh Bector: A simple place to start if you’re lagging on digital transformation
Digital transformation: we’ve all heard the phrase a thousand times.
[Column] Oluwatobi Amusan: Financial inclusion in Africa with embedded trade finance
There can be no talk of financial inclusion in Africa without trade finance. Trade promotes economic growth, reduces poverty, fosters economic and cultural links between regions and countries, and facilitates capital movement.
Fintech startup Pyypl rolls out social, micro-investment platform for African entrepreneurs and micro-SMEs
Fintech startup Pyypl has announced the commercial rollout of its social, micro-investment platform for self-employed entrepreneurs and micro-SMEs in Africa.
Cardinality raises $12.5m Series B financing to expand market coverage, accelerate growth
Cardinality.ai, a government-technology focused AI SaaS solution provider, announced a $12.5 million Series B investment led by Boathouse Capital, along with other investors.
Institutional on-chain finance startup Fractal raises $6m seed funding to accelerate growth
Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced it has secured $6 million in financing led by Hack VC.
Artificial intelligence: Africa takes up the subject
As AI systems like ChatGPT begin to disrupt our daily lives, the global race for innovation is accelerating. The biggest advances are taking place in the United States, China and Europe.
French-African Fund 2 completes final close at over €50 million
AfricInvest announced a final close of the French African Fund II (FFA II), the successor fund to the French African Fund (FFA), having raised over €50 million of subscriptions.
The evolution of cryptocurrencies - a look at how blockchain technology is going mainstream
Cryptocurrencies have been around for over a decade now and have come a long way since their inception.
[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.
[Column] Alp Tilev: Why the transition to e-mobility in Africa must be expedited
Historically, Asia has been the birthplace of motorcycles. China, India, Indonesia, and Vietnam are the world's four largest motorcycle markets. The continent is home to roughly 58% of all motorcycles in the world.
[Column] Hardeep Sound: Close the tech skills gap to unlock East Africa’s economic growth
Is a lack of tech skills hampering East Africa’s economic growth? The World Bank data suggests that the digital economy contributes more than 15% of total global GDP.
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.
Climate tech startup nZero raises $16m Series A funding amid global call for accurate sustainability reporting
nZero, the near real-time carbon management and accounting platform, announced it has closed a $16 million Series A funding round.
AlphaSense raises $100m to fuel innovation in AI and market intelligence
AlphaSense, the market intelligence and search platform, announced a $100 million addition to its $225 million Series D financing round at a $1.8 billion valuation.
GigaStar launches next gen funding experience for YouTube creators
GigaStar, a startup bringing Creators and Fans together as partners, announced that its next-generation marketplace launched in beta, offering YouTube Creators streamlined access to Fan funding.
GCPL to invest $12m in early-stage Indian consumer startups
Godrej Consumer Products Limited (GCPL), announced that it will be investing INR 100 Crore ($12 million) in Early Spring, a new INR 300 Crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).
ABBANK accelerates banking transformation with Backbase Platform in Vietnam
Backbase, the global player in Engagement Banking, has partnered An Binh Bank (ABBANK) to transform the banking experiences for millions of Vietnamese customers.
Infobip launches Conversational Everything Blueprint to help brands meet evolving customer preferences
Global cloud communications platform Infobip has launched a new Conversational Everything Blueprint to enable brands embed conversational experiences for customer communications.
[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.
[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.
Belgian beverage startup Bar.on develops world’s first molecular beer printer
Bar.on, a Belgian beverage startup, has developed the world's first molecular beer printer, capable of creating multiple types of beer in seconds.
[Column] Chris Boshoff: Connecting the digital backbone
The Internet of Things (IoT) isn’t new, but it has simmered on the edges of innovation and transformation for years and now it has, as the World Economic Forum puts it, ‘quietly arrived’.
[Column] Gur Geva: Biometric attacks on the rise: the trends financial institutions need to be aware of in 2023
In the past year there has been a 149% increase in threat actors using emulators to attack mobile platforms. There has also been a 295% increase in novel face swaps.
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.
Nigerian fintech startup Moni unveils new community-powered digital loans for African SMEs
Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.
[Column] Veerakumar Natarajan: How tech can help stimulate micro economies
Technological progression plays a crucial role in fostering economic growth. A lack of access to technology can hinder local economies, particularly in developing countries such as Kenya and other African nations.
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.
Workstyle Africa and SNDBX launch entrepreneurship centers in East Africa
Serviced office space provider, Workstyle Africa, has partnered with SNDBX International, a business growth ecosystem, to open five one-stop-shop entrepreneurship centres and workspaces in East Africa.
YouBiz research reveals key trends and challenges facing Southeast Asian SMEs in 2023
YouBiz, the SME spend management platform by YouTrip, launched its first whitepaper studying emerging business spending trends and key business priorities for SME in 2023.
Innovation scale-up Wazoku launches Mindpool SME to help small businesses capture employee insights
Innovation scale-up Wazoku announced it has launched Mindpool SME, an employee insights dashboard that makes it simpler & faster for SMEs to listen to, understand, and act on employee insights.
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.
First investment of Mastercard Foundation Africa Growth Fund goes to Aruwa Capital Management
The first investment of the Mastercard Foundation Africa Growth Fund has gone to Aruwa Capital Management, a gender-lens $20 million fund dedicated to Nigeria's SMEs, managed by a first-time woman-led fund manager.
GS1 Hong Kong unlocks the next generation of trade finance service for SMEs in China
GS1 Hong Kong (GS1 HK) announced it has welcomed the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA).
Nigerian social commerce startup Bumpa raises $4m seed funding to build the future of commerce for African sellers
Nigerian social commerce startup Bumpa announced it has raised $4 million seed round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures.
Ugandan agritech startup Inputi receives investment to boost inputs distribution
Ugandan agritech startup Inputi announced it received an investment funding to boost inputs distribution across the country.
Ugandan fintech startup Tugende raises $10m pre-Series B funding to increase portfolio growth
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
Nigerian fintech startup Kippa launches business registration platform to support SMEs
Nigerian fintech startup Kippa has launched Kippa Start, a business registration platform to enable Nigerian MSMEs scale through their businesses.
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.
French insurtech startup Orus raises €5m to reinvent professional insurance for SMEs
Orus, the insurtech company for small businesses, announced it has raised €5 million from Frst, Partech, Portage Ventures and around twenty business angels.
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.
Untapped Global raises $10.3m pre-seed round to build an investment platform for Africa and emerging markets
Untapped Global announced the launch of its public beta platform, which uses real-time data to provide transparency for investors looking to tap into Africa and emerging markets.
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.
Glovo announces winners of its tech startup pitch competition in Kenya
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya.
Kenyan fintech 4G Capital raises $18.5m Series C funding to scale lending to MSMEs
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock.