Tushop
Social Entrepreneurship

Kenyan Social Commerce Firm, Tushop Raises $3m Led by 4DX Ventures

Tushop, a Kenyan social-commerce startup, has closed a $3 million pre-seed funding round led by 4DX Ventures with participation from

CredPal
Funding Investment Venture Capital

YC-backed CredPal Bags $15m to Scale its BNPL Product Across Africa

CredPal, a Nigerian startup that provides Buy Now, Pay Later (BNPL) as a payment option, has raised $15 million in

Funding Investment Venture Capital

Egyptian Cashback App Lucky Gets $25m to Increase its Market Leadership in MENA

Lucky, an Egyptian app for credit product and cashback, has raised $25 million Series A investment led by Nclude by

Funding Investment

Big Cabal Raises $2.3m Seed Funding Led by MaC Venture Capital

Big Cabal Media [BCM], a Nigerian media firm, has closed a $2.3 million seed round led by MaC Venture Capital,

Venture Capital

Luno Unveils Venture Capital Arm Luno Expeditions

Luno, a cryptocurrency exchange, has launched its venture capital arm tagged Luno Expeditions to support innovative fintech and crypto/web3 founders

Dream VC
Venture Capital

Dream VC Returns in Force to Democratize Knowledge and Access to the Venture Capital Space in Africa

Dream VC is an investor accelerator and community-driven educational platform providing rigorous remote programs centred specifically around venture capital across

Acquisition

Morrocan B2B eCommerce Startup, Chari Acquires AXA Credit For $22m

Chari, a Moroccan B2B e-commerce and retail startup, has acquired Axa Credit, the credit arm of Axa Assurance Maroc, for $22 million.

Venture Capital

African Tech Startup Fund Atlantica Ventures Gets $23.8m From EIB and Boost Capital

Atlantica Ventures, an African tech Startup Fund, has raised over $11.3 million (c. EUR 10m) in junior capital from Boost Africa

Ecommerce Funding Retail

ProXalys Secures $150k Pre-seed From Haskè Ventures

ProXalys, a Senegalese B2B eCommerce company, has secured a $150,000 pre-seed funding from Haskè Ventures, the venture builder for Francophone

IFC
Investment

IFC Invests $10m in Knife Capital Fund III to Support South Africa’s Digital Entrepreneurs

The International Finance Corporation (IFC) has invested in Knife Fund III, a new fund managed by Cape Town-based venture capital