Category: Eastern Africa

Carving Its Niche In The Uber Dominated Market, Maramoja’s Socially Powered Taxi App Gets Fuelled By Singaporean Accelerator Zeroth

Competing with deep-pocketed competitors by leveraging social networks, Kenya’s UTU, the company that runs Maramoja, a trust-based taxi hailing app, has been chosen to participate in in Zeroth’s global accelerator programme. The startup has also raised an undisclosed amount of financing from Zeroth and its Venture Partners. Maramoja’s niche lies in the fact that when one […]

Kenya’s Twiga Foods Cultivates Blockchain Microfinancing Partnership With IBM 

Twiga Foods together with IBM have partnered to add a blockchain based micro-financing feature to their platform for farmers in Kenya and across Africa. Launched in 2014, the Nairobi based start-up had raised USD 10.3 Mn funding in 2017 intended to expand its portfolio by increasing the number of vendors it serviced as well as […]

Kenya’s mSurvey Raises USD 3.5 Mn In Series A Led By TLCom Capital

Kenyan Startup mSurvey, which uses mobile technology to power surveys and conversations for clients, has secured USD 3.5 Mn in an investment round led by TLCom Capital. The series also saw participation from Social Capital, Kapor Capital, Golden Palm, and Richard Owen; founding team of Net Promoter Score (NPS). Previously, mSurvey has raised investments from Cross […]

Kenya Dominates Pangea’s top 11 Startups Shortlisted For USD 50 K Funding

Nine Kenyan startups have made it to a shortlist of 11 start-ups who will be considered for funding of up to 50,000 USD per startup by Pangea last week. Pangea is a platform for connecting African startups with international investment & expertise, has shortlisted the 11 start-up companies drawn from Kenya, Egypt, and Nigeria. Kenya […]

PayPal Collaborates with Kenya’s M-PESA To Facilitate Global E-comm Payments In Africa

PayPal and Safaricom announced a collaboration that would enable Kenyans to move money between their M-PESA and PayPal accounts, in a press release today. The new service is expected to eliminate barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce. PayPal’s collaboration with M-PESA is part of […]

Nairobi & London Based AgriTech Wefarm Raises USD 5 Mn

Wefarm, Nairobi and London based, farmer-to-farmer digital network, announced in a press release that it had secured USD 5 Mn in additional seed funding. Silicon-Valley-based True Ventures led the round. The funding round had participation coming in from angel investors including founders of Skype, WordPress and the Norrsken Foundation. There was also a significant follow-on […]

M-KOPA Raises Another USD 10 Mn to Expand Further in East Africa

M-KOPA, which sells solar home systems, has recently concluded a USD 10 Mn round led by CDC. The series details remain unreported. With this round, the Solar energy startup has USD 161.8 Mn under in its kitty. M-KOPA which was established in 2011 in Nairobi and works on  “pay-as-you-go” model for energy services for off-grid […]

Exclusive: Finland’s Claned and World Vision Join Forces To Improve Teaching Quality in Kenya

Claned Group, an online learning platform, has partnered with World Vision Finland, a development and advocacy organisation, to leverage the use of digital learning solution of ClanedKids for elementary and middle-school children. The partnership was sealed in the form of a donation from Claned to World Vision. ClanedKids is being put to use for the […]

Nairobi, Get Ready For Flying Cars

The McFly.aero blockchain project announced setting up of infrastructure for air taxis service in Nairobi along with 22 cities in 13 countries in a press release last week. The project is a 2 part incubator and is expected to open new opportunities for entrepreneurs, engineering and drone experts, and manufacturers of hardware and software for the […]

Kenya’s TabAds Takes Out The Boredom From Your Cab Journeys, Cashes In From Digital Ads

The traditional media ranging from television, newspaper, radio, and billboards have enjoyed the centre stage for long. But who has got the time these days, to consume these mediums? Hectic work schedule, busy social life, and diminishing attention span are all indicators of the lack of time. With the rising numbers in digital gadgets and […]

Solar Startup Pawame gets $2 Mn Seed Financing to Electrify 150 Mn Sub-Saharan Households

Pawame, Kenya and UAE based off-grid solar start-up has raised a seed funding of $2 million from Gulf-based investors to expand its footprint in Kenya and other parts of Africa. The round was led by CT Arabia, an investment firm created by regional energy executives to invest in Pawame, along with angels serving as senior […]

Mshule Won’t Let Poor Internet Get In The Way – Teaches Students Through SMS

Claire Mongeau’s mother was a teacher at a primary school. Her younger days would be spent feeling intrigued with new approaches being employed for teaching. Later, her higher education in psychology coupled with her brief stints at Bridge International Academies and IDEX Accelerator led her to understand how there existed underutilization and lack of resources […]

Nairobi’s Blockchain payments Startup BitPesa acquires TransferZero

BitPesa, Nairobi based blockchain payments platform for Africa and Europe, announced their acquisition of TransferZero, in a press release yesterday. TransferZero is an international online money transfer platform that specializes in sending money to consumers and companies in 200 countries. The fintech company licensed by the Bank of Spain as an authorized payment institution, was founded […]

Kenyan e-commerce Startup Sky.Garden raises USD 1.2 Mn

Kenya based e-commerce start-up, Sky.Garden, has raised USD 1.2 Mn from Dutch and Norwegian firms to grow its business. Sky.Garden is a SaaS ecommerce platform built for retailers in Africa. It gives control to the individual retailer by allowing inventory control and immediate payment reconciliation in an automated platform, where local shipping and payment options […]

Kenya’s Mondo Ride raises USD 2 Mn

Kenya based Mondo Ride has secured its second round of funding of USD 2 Mn. The latest fundraise was led by investors from the UAE and Egypt. The money will be will be used to fund continued expansion across Africa and further investment in its proprietary technology platform. The second round of financing has brought […]

Kenya’s mShule secures second position at GESA awards

The Global Edtech Startup Awards (GESA) finally concluded its much awaited finale yesterday with Kenya’s msShule securing the second position in the most promising Edtech startup category for 2017. The event took place at the Mindspace headquarters at London with 18 finalists and a jury panel consisting on 15 members. As mentioned in our last […]

Azuri Technologies plans solar energy connections with distibutor, NGO in Kenya

The Sh5 million partnership involving UK’s Azuri Technologies , its distributors Raj Ushanga House and Young Jains, Nairobi will see 2,000 households in Kirinyaga, Tharaka Nithi and Narok counties benefit from this deal. The progressive roll-out will see each of the 300 households receive a solar panel, two LED bulbs, two switches and USB charging […]

Safaricom ventures into online Market Place with Masoko

Telecom operator Safaricom has launched its e-commerce platform Masoko as it seeks to grow its presence in the retail sector. It has already signed up 200 vendors offering 20,000 different products ranging from electronics, mobile phones to everyday household goods. As it makes its foray, Safaricom faces strong competition from the likes of Kilimall, OLX and […]

Somalia’s Innovate Ventures Graduates 10 Startups From Its Second Accelerator Programme

Innovate Ventures has graduated its second cohort of 10 startups from Somaliland and Somalia graduate from their programme. The 12-week accelerator programme saw over 400 applications received and doubled the seed investment from $15,000 last year to $30,000. Four startups from the programme received $30,000 in investment from Innovate Ventures Fund. The significant increase in applications […]

Kenya’s Direct Pay Online Group (DPO) raises $5M from Apis Partners

Kenya’s Direct Pay Online Group (DPO) raised second investment of $5M from the UK based private equity fund, Apis Partners after its initial $10M investment made last year. The firm will also use the funds to set up operations in Nigeria, Ghana, DRC and Mozambique by the end of 2017 to grow across Africa through mergers […]

Kenya’s AgriTech Startup Gro Intelligence Ropes In Uber and Airbnb Investor

Nairobi’s Gro Intelligence completed a new round of Series A financing led by TPG Capital, with participation from Data Collective and undisclosed strategic family offices. The company, which is also has a New York branch, uses artificial intelligence and machine learning to provide current and future insights into the global food and agriculture industry. By collecting and […]

Uganda’s SolarNow secures $6m debt facility

Ugandan startup SolarNow has secured a US$6 million debt facility to help it reach more clients and expand access to pay-as-you-go (PAYG) solar power. The facility is lead by SunFunder with the participation of responsAbility Investments AG and Oikocredit. SolarNow, which sells solar systems to rural households and businesses in Uganda with a 24-month credit […]

Chandaria Industries Investment Arm backs Kenya’s Sokowatch

Mobile-based ordering and delivery network for small shops and retailers, Sokowatch has received undisclosed amount of investment from the investment arm of Chandaria Industries, the largest tissue and hygiene products manufacturer in East and Central Africa. In 2016, Chandaria Industries began working with Sokowatch as a corporate client and after an year old relationship between the two entities, […]

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