Browsing: Startups
Further Ventures, a new investment company, will focus on fintech and supply chain startups as well as building digital assets.
Agrifood tech startups in Africa have raised USD 1.1 billion over 5 years, according to Agfunder.
Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.
erad, a Saudi-based fintech, gains support from regional investors to provide growth capital for regional online businesses.
The Nigerian tech startup scene has attracted the highest levels of tech startup funding across Africa, with fintech leading the way, according to Disrupt Africa, a startup-focused research platform.
liwwa gains support from international and regional investors as smaller MENA markets see increasing activity.
MENA startups from across the region raised USD 378 million in August, a 260% increase in value, but the number of deals fell month-on-month. July saw investments of USD 105 million, the lowest amount in 2022.
Fintech accounts for 23% of VC investments in the region since 2020, according to the MENA Data Insight Report from GPCA.
CarLogik and 3atlana offer a range of services to vehicle owners in the UAE and Egypt respectively. The two auto-tech startups, have both announced successful funding rounds in the past two days.
According to a report by McKinsey and Company, one of the world’s leading business analysis and consultancy firms, Africa’s fintech industry could see revenues soar to USD 30.3 billion by 2025.