Funding
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MEST Africa doubles down on AI with the launch of a new AI Startup program.
The Meltwater Entrepreneurial School of Technology (MEST Africa), one of Africa’s leading tech incubators, is pivoting to artificial intelligence with the launch of its new AI Startup Program. The AI Startup program is a redesigned version of its long-standing Entrepreneurs-in-Training (EIT) program, focusing on building the next generation of AI entrepreneurs in Africa. For over
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Liquify raises $1.5m in an oversubscribed round to close Africa’s $120bn trade finance gap.
Liquify, the invoice financing platform co-founded by Nadya Yaremenko and Alberta Asafo-Asamoah, has closed a $1.5 million equity seed round, alongside additional debt financing. The round, which was oversubscribed, underscores strong investor confidence in Liquify’s approach to bridge Africa’s $120 billion trade finance gap. The UK Tech News was the first to report the news.
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Complete Farmer secures €2.2 million to scale fulfilment centres and reach more smallholder farmers.
Complete Farmer, the agritech company improving market access and productivity for smallholder farmers, has secured €2.2 million (USD 2.5 million) from the European Union-funded AgriFI facility, managed by EDFI Management Company. The EU financing will support the construction of six new fulfilment centres – hubs for aggregation, quality control, and logistics in the northern regions.
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Kodu Technology nabs $50,000 as winner of NBPA x UM6P Innovation Challenge.
Kodu Technology, the Kosmos Innovation Centre-backed cleantech and femtech innovator, has been named the Grand Prize Winner of the inaugural “Jump Shot: The NBPA × UM6P Innovation Challenge,” a new initiative by the One Court Africa program. After a competitive pitch event held in Benguerir, Morocco, the startup secured the top spot and a $50,000
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Mariseth Farms raises $1 million to scale operations to support smallholder farmers.
Mariseth Farms has secured a $1 million working capital loan from a consortium of investors to scale its crop aggregation operations and enhance fair market access for smallholder farmers, particularly women. This follows a $560,000 facility raised last month from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA). The latest round includes additional
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Exclusive: How AgriCoHub invested nearly GHS 1 Million in startups leveraging an innovative cooperative credit union model.
Ask any African founder about their biggest challenges, and access to finance will inevitably make the top five. For entrepreneurs operating outside major tech hubs, the struggle is even more acute. In Ghana’s Bono-East region, Techiman-based AgriCoHub is tackling this problem head-on with an innovative solution: the Startups Cooperative Credit Union (STARTCCU). Founded by George
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Mariseth Farms secures $560k from Sahel Capital to support over 8,000 smallholder farmers.
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures
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Tendo bags additional capital from Renew Capital to scale social commerce in Africa.
Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa. The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa
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Zeepay secures $18 million debt to finance its working capital and drive growth.
Zeepay, a fast-growing player in the digital remittance and mobile money market, has secured $18 million in debt funding, according to a report by Africa Global Funds. The investment, arranged by the South Africa-based financial advisory firm Verdant IMAP, signals strong market confidence in Zeepay’s cross-border payment solutions and growth strategy across Africa. The investment,