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Morocco VC invests in three African tech startups

Morocco-based business to business (B2B) venture capital fund, Outlierz Ventures has invested in three innovative African tech startups, namely; YouVerify, Bamboo, and Healthlane. The three selected tech-enabled startups will utilise the funding received from Outlierz Venture to transform Africas traditional industries in various sectors including; fintech, healthtech, logistics, and supply chain. In an official press release, Kenza Lahlou, co-founder and Managing Partn

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Local AI fintech startup secures $1.6-million investment

Johannesburg-based AI fintech startup, FinChatBot has secured $1.6-million from Saviu Ventures , a French investment holding company that focuses on African startups; Mauritius-based Compass Venture Capital and leading South African venture capital firm Kalon Venture Partners . The funding will be used to expand the creator of conversational AI solutions for the financial service industry into Europe and West Africa. Antoine Paillusseau, FinChatBot co-founder and CEO co

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New micro financing VC fund for black women in tech launches

South Africa's first solely black-woman-owned private equity fund for underrepresented tech startups, Khula Lula, Lula, has officially launched. The micro-financing VC, Khula Lula has also just made its first angel investment of R200 000 into Native Nylon, an upcoming fashion eCommerce startup. Founded by Milisa Mabinza, a University of Johannesburg alumni, the new kid on the private equity funding block aims to address the existing gap of South African women involved in

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Moroccan AI tech startup secures $1.1-million

The innovative AI technology developed by Moroccan startup ATLAN Space has attracted a $1.1-million Series A funding round from Maroc Numeric Fund. In an official press release, Dounia Boumehdi, Managing Director of MITC Capital, which is the management company of Maroc Numeric Fund II, commented on the research and development made in AI which resulted in the creation of ATLAN Space. The fund management team is proud to support Atlan Space, a Moroccan startup that is t

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East African women's health tech startup secures $1-million

East African tech startup, Kasha has received $1-million investment from Swedfund , a Swedish Development Finance institution. The investment will be utilised to promote the women-focused eCommerce platforms overall aim to ensure that women are provided viable, secure, and easy access to education surrounding their reproductive health, contraceptives, menstrual, beauty, and health products. In addition, the financial support will assist in expanding Kashas offering acro

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Kenyan micro-insurtech startup secures $2-million

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and several angel investors. The investment will be utilised to further grow Turaco and to upscale its operations in Sub-Saharan Africa. In addition, the startup aims to develop its proprietary technology and provide employment opportunities to grow the business. Ted Pantone, co-foun

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Nigerias Xend Finance secures 1.5-million funding

Xend Finance, a Nigerian tech startup has launched the first decentralised finance (DeFi) platform that allows users to save and invest in stable currencies in the global market without the need for a traditional middle man in the country. In addition, the West African startup has secured a $1.5-million investment round from Binance Labs, Google Developers Launchpad, AU21 Capital, Ampifi VC, JUN Capital, TRG Capital, and Matic Co-founder, Sandeep Nailwal. In an official

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Data marketplace tech startup secures early-stage funding

CARMA , a data marketplace tech startup that aims to fill the gap in the credit reference and lending space where credit history and other traditional data sources are limited, has secured an undisclosed amount of early-stage venture capital from Mictotraction . Ted Martynov, CARMAs co-founder, and CEO explains that the secured funding will allow the tech startup to expand its overall offering . Our early-stage venture funding allows us to invest in growing our

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Egypt logistics startup ILLA receives $500 000 in funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional strategic angel investors with follow-on funding from Flat6Labs Cairo. The secured funding will be utilised to expand ILLAs local market reach and explore its product reach to operate in regional markets. In an official press release, Mariam Kamel, Manager at AUC Angels, who invested in ILLA praises the ILLA team, commenting on

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Egypt's Brantu secures seven-figure funding

Egypt-based startup Brantu , an eCommerce fashion online platform has secured an undisclosed seven-figure amount of funding in a Series A round led by Sawari Ventures . The funding will be utilised to accelerate the growth of the African tech startup, increase the number of available products on the marketplace, and capture market share within Egypts fashion and lifestyle industry. Mohamed Rizk and Fredrik Granstrm launched Brantu with the aim of becoming Egypt's top eC

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Local agritech startup secures $1.5-million in funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd , an unlisted public company specialising in Agri investments across the fruit, vegetable, and livestock industries and a private syndicate. The funding will be used to expand the agritech's offering within South Africa and neighbouring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa's first mult

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Kenyan agritech startup secures $220 000 funding

Farmers Pride , a Kenya-based agritech startup has secured a reported $220 000 in funding from US-based impact investor, Gray Matters Capital . The secured funding will be utilised by Farmers Pride to assist 500 000, mostly female, rural farmers to boost their income via the one-stop eCommerce platform which allows access to quality inputs and services, insurance services, financial services, market linkages, and farming mechanization. Sharda Vishwanathan, pipeline deve

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