Thursday, October 22, 2020
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Startups & Ideas

Nice ideas. What I think is good. What’s up in the startup world. Such like posts. I’m hoping for a unicorn in Kenya ☺

PataTutor will help parents with children whose schools have shut down but have not provided an online learning alternative for their students during the pandemic. Furthermore, the platform will help Kenyan teachers who have taken a big hit
The loan facility is open to businesses across all sectors that are operational in Kenya for at least six months and have 51% or more women shareholding, 50 employees or less, and generate revenues of up to five million Kenya Shillings per annum.
CredoLab develops bank-grade digital scorecards for companies that need to make better credit decisions including banks, lenders, e-commerce, travel, ride-hailing, e-wallets, insurance, and retail companies. It uses the best source of privacy-consented, and permissioned data (smartphone and web metadata) to help clients to expand their market share and decrease their cost of risk in real-time.
The investment from Naya Capital Management now brings the total investment amount that has been raised by Bolt to over KES. 35 Billion since inception.
Nigerian fintech platform Okra has secured a $1mn pre-seed fundraise from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to retrieve real-time financial...
The selected start-ups will be invited to present their innovative solutions at Afric@tech, the VivaTech Lab dedicated to the African continent. They will defend their projects in front of a jury consisting of Sanofi representatives and industry professionals and will be able to demonstrate their solutions to the public.
Founded in 1999, TLcom has $200m of VC assets under management across Africa, Europe and Israel and in 2017 announced the $40 million first close of the TIDE (Technology and Innovation for Developing Economies) Africa Fund, dedicated to technology and innovation for Sub-Saharan Africa at all stages of venture capital. TLcom has completed successful Africa VC exits with Upstream acquired by Actis and Movirtu acquired by BlackBerry. The TIDE Africa Fund delivers capital as part of a larger strategic, operational and financial support to the entrepreneur and has completed six investments to date in Nigeria and Kenya.
No matter how great your startup and how talented your team, you can’t excel at everything. For any business, there are always elements which are better outsourced to the experts.
Kenyan podcast start-up Portable voices signs a podcast distribution and production partnership with Afripods
Founded by "serial entrepreneur" and founder of Konga, Sim Shagaya, the company will use the funds to bring their 3,000 animated video modules, quizzes and tests to the West African market and develop content for East Africa.
Twiga Foods has raised $23.75 million in a Series B equity round led by Goldman Sachs, with participation from existing investors including the International Finance Corporation, TLcom Capital and Creadev.
CcHUB will now make key hires in innovation consulting, people management, programme management and community support.
The 12-week Facebook Accelerator London programme will launch in November
SWVL recently closed its $42 million Series B-2 funding led by BECO Capital and Sweden’s Vostok New Ventures. This increased the start-up’s valuation to $150 million.
Kobo360 has announced expansion to Kenya with plans to power Coast-to-Coast Pan-African Logistics. The e-Logistics Start-up has confirmed Kenya as its new Strategic Hub for African Operations.