africa

After seven years in the production of electronic gadgets, under his company Imose Technologies, Osayi Izedonmwen took leave to explore an idea that he had toyed with for some time — an edtech startup, Teesas, which now offers video classes and other digital educational material for learners in...

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Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt.The investment — which co-founder and CEO Eerik Oja called a bridge round — is a prequel to a larger Series A...

Annie Njanja / TechCrunch: Nigerian startup Metro Africa Express (MAX), which provides vehicle subscription and financing services, raises a $31M Series B to expand within Africa — Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as...

Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding.The startup told TechCrunch that it will use the funding to enter...

Alitheia IDF (AIF), a women-focused private equity fund in Africa has raised $100 million to invest in gender-diverse businesses across the continent.The fund is looking to bridge the financing gap for women-led or owned businesses in Africa – where women startup founders are less likely to...

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda.The undisclosed investment comes two months after Alphabet CEO announced the tech giant’s intentions to commit $1 billion over the next five years in...

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Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening...

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E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was...

CinetPay, a payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa, has secured $2.4 million in seed funding.Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it...

Equinix announced today that it is acquiring MainOne, a West African data centre and connectivity solutions provider with a presence in Nigeria, Ghana and the Ivory Coast, for $320 million.The acquisition is expected to close Q1 of 2022, subject to the “satisfaction of customary closing...

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Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption.TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and help out...

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility...