Ghana Innovation Journal
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Revna Biosciences becomes West Africa’s first ISO-certified clinical diagnostics and biobank healthtech.
Revna Biosciences, the Accra-based biotechnology startup, has announced that it has secured dual International Organization for Standardization accreditations (ISO 15189:2022 for clinical diagnostics and ISO 20387:2018 for biobanking) for its facility. This makes it the first facility in Ghana and West Africa to secure the dual certification. Why are the ISOs important to the company’s
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Kola Market bags $200,000 from the Madica Venture Program to bolster SME growth.
Kola Market has been selected as one of the inaugural investees of Madica, the investment program launched by US-based investor Flourish Ventures. Selected startups receive up to $200,000 in financing. What problem is Kola Market solving? Despite their significant contribution to Africa’s GDP, small and medium enterprises (SMEs) face internal and external challenges. Internally, SMEs
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New Year—More Money: What consumer fintechs in Ghana have to offer to improve your financial health in 2024 (Part 2).
Disclaimer: This information does not constitute financial advice or recommendation and should not be considered as such. Investing After the economic crisis wiped out investors’ wealth and disposable income, putting your money to work and potentially building wealth is important in 2024. Below are fintech leveraging technology to facilitate access to investment products such as
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New Year—More Money: What consumer fintechs in Ghana have to offer to improve your financial health in 2024 (Part 1).
Disclaimer: This information does not constitute financial advice or recommendation and should not be considered as such. The 2022/23 fiscal year has been chaotic financially for Ghanaians. The government’s default on debt had a spiraling effect on individuals and businesses. Inflation went off the roof while investors suffered haircuts on their investments. These challenges were
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Affinity Ghana secures funding from Renew Capital to provide banking services to the unbanked.
Affinity Ghana, a full-scale digital bank has secured funding from the Africa-focused impact investment firm Renew Capital. What problem is Affinity solving? Founded by Tarek Mouganie, Affinity was established with a bold vision to provide banking services to 350 million adults who remain unbanked in Africa. Operating as a digital banking platform, Affinity offers a
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Who were the most active investors who funded Ghanaian startups in 2023?
Startup funding across Africa suffered a tough blow amid the economic downturn and funding drought in 2023. Africa startup funding experienced a significant year-on-year decline of 46% (Partech, 2023). Despite the drought, Ghanaian startups managed to raise $65 million, representing a 69% decline from the 2022 total investment of $209 million. 2023 witnessed four $10
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Zeepay closes its $14 million Series A.5 funding round to support its ongoing Africa expansion.
Zeepay has successfully closed its $14 million Series A.5 equity funding round. The round was led by the global cooperative and social impact investor Oikocredit. Other investors in the round include the infrastructure investment platform Africa50, the local pensions-anchored fund, Injaro Ghana Venture Capital Fund, and Verdant Capital Hybrid Fund with a follow-on investment from
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Leasafric Ghana raises €700K to finance farmers and ride-hailing partners.
Leasafric Ghana, a leading asset finance institution, has secured a GHS 10 million (approx. € 0.7 million) facility from the global cooperative and social impact investor, Oikocredit. What will be the use of the funds? Leasafric Ghana will use part of the loan to develop an agri-leasing product which will provide agricultural equipment to smallholder
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Legendary Foods Africa scores additional funding from the Climate Resilient Africa Fund.
Legendary Foods, a Kumasi-based food tech company, has secured additional capital from the Climate Resilient Africa Fund, an impact-focused Africa venture capital fund. According to Shobhita Soor, the CEO of Legendary Foods, “The partnership amplifies our ability to scale with quality and aligns perfectly with our mission to introduce climate-resilient protein alternatives.” What is Legendary
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Zeepay secures $3 million to strengthen its financial position and support its growth.
Zeepay has secured additional $3 million from Verdant Capital Hybrid Fund as part of its Series A.5 funding round. Verdant Capital Hybrid Fund provided a preferred equity investment for the round, making them the fifth institutional shareholder of the company. According to the Managing Director, Andrew Takyi-Appiah “the new funding raised will be used to