Startup News

Cameroonian fintech startup Diool raises $3.5m in funding to expand operations

Cameroonian fintech startup Diool raised US$3.5 million in funding to scale operations. Diool started life as a mobile recharge project back in 2015, offering small merchants a way to sell prepaid recharges to their customers from a single app, but eventually pivoted into financial services aggregation after realising payment interchanges and financial services access was …

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How this startup plans to be at heart of Zim’s agricultural resurgence

After years in the doldrums, the Zimbabwean agricultural sector is on the rebound, and local startup Zagric plans to be at the centre of its ongoing growth. Founded last October, Zagric is a web-based farmer’s marketplace, enabling agribusiness companies to showcase their products and services. It also provides farmers with context-specific data across the agricultural …

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SA fintech startup Ozow launches new payments platforms, zero-rates data costs

South African fintech startup Ozow has launched what it is calling the “Ozow Revolution”, rolling out two new payments platforms and zero-rating data costs to ensure all South Africans can access digital payments. Ozow, which rebranded from i-Pay in April 2019 as it zeroed in on assisting SMEs with payments, was launched in November 2014 …

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Newly-launched Ethiopian fintech startup bags $3.5m funding

The newly-launched ArifPay, Ethiopia’s first mobile point of sale (MPOS) system, has raised US$3.5 million in funding as it begins nationwide rollout. Built by the team behind taxi app ZayRide, ArifPay was established as a business in February and will launch operations in April once it receives its licence from the National Bank of Ethiopia …

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Nigeria opens portal for $193 million MSME, startup payroll support fund

The Nigerian government has opened the registration portal for its MSME survival funds as it appears set to disburse ‎₦75 billion payroll support to help critically affected MSMEs and startups. The Nigerian government announced that as from Monday 21, September 2020, the portal will be open for registration to companies that have not less than …

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Ghanaian agri-tech startup Farmerline secures AfDB grant funding – Disrupt Africa

By Tom Jackson on June 17, 2019 News, West Africa Ghanaian agri-tech startup Farmerline is set to receive grant funding from the African Development Bank’s $23 million Agriculture Fast Track Fund. Farmerline, which leverages innovative mobile technology to extend access to financial services, information, and high-quality input directly to farmers resulting in increased yields and incomes, …

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SA prop-tech startup HouseME secures 4th funding round to advance growth ambitions

South African prop-tech startup HouseME has raised a fourth round of funding from new and existing investors, who are backing the company to build its position in the long-term digital letting market. Formed in 2015 and available to the public by the end of 2016, HouseME is a digital platform that connects prospective tenants to …

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Nigerian digital banking startup E-Settlement processes $2.5m daily

Nigerian fintech startup E-Settlement is processing US$2.5 million in transactions daily across its various platforms as it seeks to extend banking services to all. Founded by Olaoluwa Awojoodu in 2017, E-Settlement provides financial services to different target markets through its platforms, placing itself at the forefront of innovative, easy-to-use, affordable, secure and inclusive payment solutions …

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Zimbabwean fintech startup Payitup targets new verticals after $13m funding

Zimbabwean fintech startup Payitup plans to scale its operations and move into new verticals after raising US$13 million in funding from the UK-based Thawer Fund Management. Launched in 2017, Payitup began life processing payments for DStv, broadband and airtime, but has its eyes on a much larger prize. “Our goal is to build a more …

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SA fintech startup Alignd launches to disrupt medical insurance delivery

By Tom Jackson on May 6, 2019 Southern Africa, Startups South African fintech startup Alignd has launched in order to bring alternative and affordable healthcare insurance models to market. Co-founded by palliative-trained doctor Dr Linda Holding, healthcare economist Victoria Barr, and healthcare actuary and academic Shivani Ranchod, Alignd offers end-to-end financing solutions for the optimal care …

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