SWVL ACQUIRES TURKISH B2B MOBILITY STARTUP VOLT LINES
Acquisition Mobility Transport

Swvl Expands into the Turkish Mobility Market with the Acquisition of Volt Lines

Egyptian mobility startup SWVL has acquired Turkey-based B2B mobility startup

The Food Lab
Funding Investment Venture Capital

The Food Lab, Egypt’s Cloud Kitchen Startup, Secures Pre-seed Round of $4.5m

The Food Lab (TFL), Egypt’s first cloud kitchen services operator,

Union54
Fintech Funding

Zambian Care-issuing Fintech, Union54 Secures $12m Seed Extension

Union54, a Zambian card-issuing fintech startup, has raised $12 million in

Umba
Fintech Funding Investment Venture Capital

Nigerian Digital Bank Umba Secures $15m Led by Costanoa Ventures

Umba, a Nigerian digital banking startup, has raised $15 million

Pylon
Funding Investment

Egypt’s Pylon Secures $19m Seed Funding Round

Pylon, an Egyptian infrastructure management platform for water and electricity

Sprints
Edtech Funding Investment

Egypt’s Sprints Closes $1.2m Seed Round Led by Alexandria Angels Network

Sprints, an Egyptian edtech startup, has raised $1.2 million in

Algebra Ventures
Venture Capital

IFC Invests $15m in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

The International Finance Corporation (IFC) has announced an investment in

DLM Trust
Acquisition

CBN Approves DLM Capital Group’s Acquisition of Links Micro Finance Bank

Prominent Development Investment Bank, DLM Capital, has received the final

ImaliPay
Fintech Funding Venture Capital

ImaliPay Closes $3m Seed Funding Round

ImaliPay, a financial platform for African freelancers, has secured $3