Hollydesk, an Egyptian expense management fintech, has raised USD 1 million in venture debt financing.
Foodics will further its efforts to digitally empower entrepreneurs in the F&B sector across Saudi Arabia.
Venture capital firms across Africa are changing the tech and business landscape, here are the top six.
COREangels, an international community of angel funds and investors, has announced the launch of COREangels MEA, targeting early-stage startups in the Middle East and Africa.
Treepz, a Nigerian mobility startup, has launched operations in Kenya and announces investments of USD 1.2 million over the past year.
GrowthAfrica, a Kenya-based accelerator platform, has opened applications for its 2023 program and seeks cohorts from five states.
Fintech took the lion’s share of startup funding, but startups across the board saw growth and other sectors are on the rise.
Flat6Labs, a MENA-focused venture capital firm, has launched the Startup Seed Fund to support early stage startups in Saudi Arabia.
Egyptian healthtech startup Yodawy has raised USD 16 million in the first close of its Series B round from regional and international investors.
Umba, a digital bank for emerging markets, has begun operations in Kenya, with a view to expanding across the continent.