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.
Seedstars, a Switzerland-based international investment firm, aims to foster investment across emerging markets across a range of sectors.
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.
Modus and USAID launch Venture Builder to support Egyptian women and underserved populations
Modus and USAID will build and support startups driving digital inclusion for the country’s women and underserved populations.
MENA startups have raised USD 646 million over 69 deals in October, taking 2022’s total raised to USD 3 billion over 551 deals, according to a report by Wamda and Digital Digest.
MENA startups: October sees notable deals across Egypt, Saudi and the UAE
MENA startups from Egypt, Saudi and the UAE stood out this October, with fintech, e-commerce and logistics standing out.
Modus Capital plans to launch venture builders in Saudi Arabia and will focus on the e-gaming sector. Agile Ventures focuses on Saudi Arabia, the GCC and Red Sea economies.
MaxAB, an Egyptian food and grocery B2B e-commerce platform closes pre-Series B round with support from international investors.
VentureSouq, an Egypt-based VC firm, has interests across the MENA region. Here we sit with Suneel Gokhale to discuss the firm’s take on the African market.