Egypt-based social commerce startup Brimore has announced that it has finalized a $3.5m investment from e-payments solutions and banking services provider Fawry.
Brimore was founded in 2017. The startups
Cairo-based e-commerce startup Shiphaly, which connects shoppers and travelers, has announced it raised undisclosed six-figure amounts from Saudi Arabian and Egyptian angel investors.
The round was led by Faisal Abdulsalam,
Ugandan solar startup gnuGrid has announced the increase of its seed funding round to $612,500 as it accelerates plans to offer Fintech services in the region.
gnuGrid was launched
Shell-backed impact investment firm All On has announced a $2m investment in fintech firm Infibranches Technologies Limited as it bid to bridge the energy distribution gap in Nigeria.
Infibranches Technologies
Less than a month after securing Egypt’s second banking agent license, Egyptian Fintech startup Dopay, has announced it raised $18m in a Series A round.
The round was led
Kenyan church-focused Fintech startup Jumuisha, has announced it raised an undisclosed amount in a seed funding round to help it scale.
The funding came from Austin based SprintX Venture Studio.
Egyptian Healthtech and IoT solutions startup Sotech, has announced it raised $1 million in a Pre-Seed funding.
The round was led by Innlife Investments, other prominent corporate investors including Al
African Fintech platform Finclusion Group, has announced it raised $20m in an investment round led by Fintech debt financing provider, Lendable.
Finclusion was launched in 2019 by Timothy Nuy, Finclusion
South African global mobility startup FlexClub, has announced a partnership with the sole distributor of Bajaj Auto in South Africa to offer motorcycle subscriptions to individuals and businesses in South
Zak Calisto, CEO, and Founder of Karooooo and Cartrack has acquired Cape Town-based on-demand logistics startup Picup Technologies for $4.8m. Picup Technologies was purchased for 70.1% by Karooooo
Casablanca-based MedTech startup focusing on digital pathology DataPathology has announced it raised $223k from Witamax, an investment firm founded by Southbridge A&I and the Axxam Family Office.
DataPathology
Nigerian-led LegalTech startup, Definely has announced it raised a $3m funding round. The funding round was led by Microsoft’s venture fund, M12, and supported by CRE Venture Capital.
This
