Startups & Ideas
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Kwara acquires KUSCCO’s IRNET Software Company
Kwara has announced it is fully acquiring IRNET Coop Kenya Ltd, which is a software company that's a subsidiary of KUSCCO LTD
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Norsad Capital, TLG Capital launch $400 Million African Credit Platform
Norsad Capital and TLG Capital announced the beginning of a partnership to cement the market leading private credit platform
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Pan-African VC firm Ventures Platform closes fund at oversubscribed $46M
Ventures Platform has announced the final close of its early-stage and intercontinental fund, at $46M which Is above its targeted 40M
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VENCO property management platform raises $670k pre-seed
VENCO says it has recorded over 200 percent growth over the last 9 months and is currently in 6 cities across Nigeria and Kenya.
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Kenyan-based skin-care firm, Uncover, raises $1 Million Seed
Nairobi-based skincare firm, Uncover has raised USD 1 million in seed capital, which it says it will use to scale up its operations in Kenya
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Kapu e-commerce platform launched by former Jumia Executives
Former employees of Jumia have today announced the launch of Kapu, a new e-commerce platform that aims to "reduce the cost of living".
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Ramani, a Tanzanian Software Company, closes $32 Million Series A
Ramani will be looking to scale its network of micro-distribution centres (MDCs) and also launch a new micro-credit offering for select MDCs.
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Verified.Africa, an identity verification startup has expanded to Kenya, Ghana and South Africa
Verified.Africa users can confirm the identity of one or thousands of customers in seconds, to enable speedy customer onboarding and digital security.
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BasiGo raises $6.6 Million funding to start commercial delivery in Kenya
BasiGo has announced it has secured $6.6 million. The round was led by Mobility54, the corporate venture capital arm of Toyota Tsusho
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Sendy raises undisclosed funding from MOL PLUS
Sendy has received an undisclosed amount of funding from MOL PLUS Co. LTD. This is the Corporate Venture Capital of Mitsui O.S.K Lines LTD.
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Spotify launches KES 12 Million Fund to support African Podcasts
The Spotify African Podcasts Fund will be administered by Africa Podfest, a Kenyan-based company that's elevating African podcasters
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Flourish VC launches Madica Investment Program focusing on Pre-Seed African Companies
Flourish Ventures has launched Madica (MADE IN AFRICA), a structured investment program for pre-seed stage technology companies in Africa
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i3 selects 30 health startups in Africa to receive $50,000 grant and support
i3 selected startups will receive a $50,000 grant and support to catalyse growth-driven partnerships with donors, industry and institutions.
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Turaco insurtech closes $10 Million Series A
Turaco has announced the close of a $10 million Series A equity round led by AfricInvest via the Cathay Africinvest Innovation Fund
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Grey Fintech raises $2 Million Seed to expand to more markets
Grey has announced $2 Million in seed funding. The fintech which was started by two Nigerians currently operates in Nigeria and Kenya.