Kenyan digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount, as the company moves into the automotive market space in North Africa.
Wafeq raises funds from Raed Ventures and Wamda Capital to accelerate North Africa entry and GCC expansion.
Matbakhi, a Saudi foodtech startup, raises USD 2.3 million. Matbakhi aims to support F&B brands in creating chef-driven food concepts.
Tabby, the region’s leading shopping and financial services app, is valued at USD 660 million and targets further growth.
Astra Tech, a UAE-based technology group, has fully acquired BOTIM, the MENA region’s leading VoIP platform.
InvestSky aims to make investing “inclusive, intuitive, and informed”. Following a successful pre-seed round, the UAE company is launching its platform.
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, according to a Mastercard study on the state of fintech in African markets.
Top African startups: Digest Africa’s 100 most funded African startups
The top African startups have been ranked in Digest Africa’s “100 Most Funded African Startups” list, highlighting emerging companies across the continent.
Calo, a Bahrain-based foodtech, raises USD 13 million from regional investors, bringing to investment to date to USD 26.5 million.
LoftyInc announces final close of Afropreneurs Fund 3 at USD 14.3 million
LoftyInc Capital Management, a Lagos-based VC firm, announces the final close of its LoftyInc Afropreneurs Fund 3.