africa

Looking for a comprehensive financial management platform for your business in Egypt? Learn how Swypex, a fintech startup, is addressing the challenges faced by businesses in the country by offering corporate cards and management tools. With customizable features, integrations with ERP and accounting software, and a focus on user experience, Swypex stands out in the market. Find out more about their recent investment and growth potential in the booming card and payments industry in Egypt.

Discover how Lagos-based startup Chowdeck is poised to become a dominant player in Nigeria's food delivery market, which is projected to reach -3 billion by 2032. Backed by a .5 million seed investment from Y Combinator and inspired by exceptional customer service in Dubai, Chowdeck has differentiated itself through convenience and fast deliveries, boasting an average delivery time of just 30 minutes. Despite competition from major players, Chowdeck's focus on positive unit economics and sustainable growth has propelled its success, with annual gross merchandise value reaching over ₦7 billion (.8 million) in 2023. With plans to expand and enhance its operations, Chowdeck is well-positioned for future dominance in the market.

Discover how plastic upcycling startup, Kubik, secured a .9 million seed extension from investors, including African Renaissance Partners, Endgame Capital, and King Philanthropies. With this funding, Kubik plans to expand its operations in Ethiopia, focusing on upcycling plastic waste into affordable and durable building materials. Learn about their proprietary technology and their goal to license it for pan-African and global growth. Find out how Kubik's cost-effective materials are reducing construction costs and overcoming barriers in affordable housing projects. Explore their commitment to safety and quality through testing by Intertek. With the global plastic waste problem in mind, discover how Kubik is providing sustainable solutions and driving a more eco-friendly and affordable construction industry.

Discover Madica, an investment program launched by Flourish Ventures, focused on backing pre-seed startups in Africa. With a goal of investing in up to 10 ventures this year and reaching 30 startups by the end of its three-year program, Madica has already closed three initial deals. Learn more about their commitment to supporting startups in diverse sectors and markets, particularly those founded by women or underrepresented founders. With 0,000 upfront investment, tailored support, and mentorship, Madica aims to catalyze investments and attract more capital into the African market.

TLcom Capital Closes 4M Fund, Becomes Largest Investor in African Startups | TLcom Capital has successfully closed its second fund at 4 million, making it the leading investor in seed and Series A startups in Africa. Despite the funding winter and global VC slowdown, the oversubscribed fund attracted participation from notable investors such as the EIB and Visa Foundation. TLcom Capital's focus on early-stage opportunities, diverse portfolio, and commitment to gender balance contribute to its success. With initial investments in six companies, the firm aims to drive the growth of the African tech ecosystem and attract global capital.

Discover the challenges faced by B2B e-commerce companies in Africa as MarketForce announces the winding down of its business, RejaReja. Despite the setback, MarketForce remains determined and is launching Chpter, an AI-powered conversational commerce platform, to adapt to the market. Learn more about the struggles and opportunities in the African retail FMCG market.

Enhance access to agricultural insurance in emerging markets with Pula. Through partnerships and customized products, Pula has already supported millions of smallholder farmers. Discover how this insurtech company is making a positive impact and expanding its reach with new funding and livestock insurance.