Browsing: Funding

African startups from Nigeria, Kenya, Egypt and South Africa accounted for 75% of the continent’s startup funding in 2022.

Bayzat, an HR, payroll and insurance provider, closes a Series C round of USD 25 million and has raised over USD 60 million to date.

The top 50 most-funded MENA startups have been ranked by Forbes Middle East. Combined, the 50 startups raised USD 3.2 billion in 2022.

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.

The top African startups have been ranked in Digest Africa’s “100 Most Funded African Startups” list, highlighting emerging companies across the continent.

African startups raised over USD 300 million across 25 deals, up from previous months. North Africa received the lion’s share of investment.

Fenix Games, a UAE-based gaming platform, will create a publishing platform for blockchain games and bolster the blockchain gaming ecosystem.

The Africa Financial Industry Summit aims to foster a pan-African financial services sector and its second edition is currently being held in Lomé, Togo.

SmartProf is an online marketplace that aims to help families and students get the most out of tutoring.

Here, we speak to Diana Teoh, Head of Investment and Growth at GetFundedAfrica about their offerings and to gain insight into the startup scene and the challenges faced when startups seek investment.