Startup News

SA florist startup Petal&Post plans nationwide expansion

South African online florist Petal&Post is planning expansion across the country after its offering met with significant success in Cape Town and Durbanville. Founded in 2016, Petal&Post puts a unique spin on the traditional online flower delivery and gifting service, making ordering flowers quick, easy and affordable by offering one style of bunch of flowers …

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SA fintech startup Airbuy looking to expand in 2020 following positive rollout

South African startup Airbuy, which helps online stores to accept payments from customers without the need for a bank account, is hoping to expand and raise funding in 2020 following a positive rollout in 2019. Launched in 2017, Airbuy has developed an alternative payment gateway tailor-made for both Africans without bank accounts and those that …

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Ride-hailing startup, Halan, is providing services to underserved communities in Egypt and Sudan

Egyptian startup, Halan, is not just another ride-hailing, ride-sharing company. The startup is doing things differently by providing services to a population that is rarely catered to by the likes of Uber and Careem; people who live in slums and in the outskirts of the city. It is also Egypt and Sudan’s first motorcycle and …

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Fintech startup, Carbon, launches $100,000 pan-African fund for startups; here’s what you need to know

Nigerian fintech startup, Carbon, just announced that it has launched a $100,000 pan-African fund for startups. According to the company, the Carbon Disrupt Fund was set up to address the lack of funding and support holding back budding tech entrepreneurs on the continent. It will invest up to $10,000 per startup in exchange for a …

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Breaking: Nigerian Genomics Startup 54gene Raises $15m Series A Funding

54gene, a Nigerian biotech startup, has raised $15 million in Series A funding. This round brings 54gene to $19.5 million in total funding following a $4.5 seed round last year. This round was led by Adjuvant Capital, Novartis, and the Bill & Melinda Gates Foundation. There is also participation from Raba Capital, V8 Capital, Ingressive …

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Japanese firm launches $15m African startup fund, announces 5 investments – Disrupt Africa

Japanese firm launches $15m African startup fund, announces 5 investments The Tokyo-headquartered UNCOVERED FUND has launched with a targeted size of US$15 million, and confirmed its first five investments in African tech startups. Launched in June of last year, UNCOVERED FUND is a venture capital fund targeting early and seed stage startups in Africa. The …

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Nigerian merchants rewards startup ThankUCash secures funding from 500 Startups mentor

Nigerian multi-merchant rewards company ThankUCash has secured funding from 500 Startups mentor Brandon Drew, who has also joined the startup as an advisor as it prepares to expand internationally. Founded by Madonna Ononobi, Simeon Ononobi and Suraj Supekar in 2018, ThankUCash is a multi-merchant rewards platform with analytics for merchant growth. The startup has developed …

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Nigerian startup Nwanndo launches “Airbnb for Africa”

In perhaps one of the least well-timed launches of the year, Nigerian startup Nwanndo launched its web app earlier in May, offering users access to what is essentially an “Airbnb for Africa”. Founded by Okereke Ikenna and Venetia Grant, Nwanndo connects people with places to stay and things to do around Africa, and allows individuals …

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SA ed-tech startup Zelda eyes expansion after raising angel round

South African ed-tech startup Zelda is looking at expansion to other African countries and Europe on the back of raising an angel round and seeing strong organic uptake. Founded in 2017, Zelda is a bursary management platform that helps organisations find and filter talented youth to support through university. The platform combines personality assessments with …

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Ugandan energy startup gnuGrid raises $250k funding as it scales solution

Ugandan energy startup gnuGrid has raised a US$250,000 funding round as it works to scale its solution to more customers at home and into additional African markets. Launched in 2019 by David Opio and James Dailey, gnuGrid has built Solar Sentra, which aims to streamline and automate the highly fragmented solar industry in Uganda and …

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