Tuesday, December 6, 2022

Start Up

Mozilla acquires active ‘web-based Metaverse’ replica

Mozilla has acquired Vancouver-based Active Replica, a startup developing a "web-based metaverse." According to corporate senior vice president Imo Udom, Active Replica will provide support for Mozilla's ongoing work with Hubs, its VR chat room service, and...

Blnk, an Egyptian Fintech Startup Secures $32 Million Funding

Egyptian fintech platform Blnk, a startup that provides instant consumer credit to Egyptians, has raised $32 million in one of the largest funding rounds for an Egyptian startup this year. The $32 million that Blnk received came...

10 Startup Business Models You Should Know (With Examples)

In order to achieve long-term success, a startup needs to develop a solid development strategy. You may have a great idea but the strategy and execution plan create a huge impact on your startup. There are...

Payhippo Acquires Marine Microfinance Bank

Nigerian startup Payhippo, in a move to expand its product offerings, has acquired Maritime Microfinance Bank (MFB), in a deal subject to approval by the Central Bank of Nigeria (CBN).Payhippo, the AI-powered digital lender, said in a statement...

Satgana secures €30m to support climate technology startups in Africa

European venture capital firm Satghana has secured €30 million in funding to support start-ups helping tackle climate change problems on the African continent. The company will use the funding to invest around €500,000 in the pre-establishment and...

XPLORE by Lognetics; Creating the next wave of technology in Africa

On September 1, 2022, the convergence of great minds led by young CEO, Light Ihesiulo took place at Xplore'² marked as a glimpse into the future we're building. The event was held by none other than the...

NALA integrates Apple Payments from the UK and US

Tazanian fintech startup NALA has integrated its global payment service, Apple Pay, into its payment solutions.The fintech company has over the years proven its dominance in East Africa and has now taken it to a higher level by...

South Africa’s Talk360 has raised $3 million in new seed funding

Voice over IP (VoIP) startup Talk360 has totaled $7 million in investment, having raised an additional $3 million a few months after the initial closing of its initial $4 million round.New investors in the South African startup in...

Vendease raises $30 million to expand services across Africa

A digital platform backed by Y Combinator, Vendease raised in a $30 million equity and debt financing round, as the startup seeks to bolster its operational presence in Nigeria and Ghana, while spreading its tentacles to other African...

CBN Grants Super Agent Banking License to Fintech Startup, Kippa

Nigerian fintech startup Kippa has announced that it has been granted a super-agent banking license by the Central Bank of Nigeria (CBN), giving the company leverage to further its ambition to make it easier for anyone to start...

Insuretech Startup Etap makes insurance as easy as taking pictures

Ibrahim Babalola, CEO and Founder of ETAPA fast-rising emerging technology startup, ETAP has over the past months risen to the challenge of auto insurance in Nigeria and the African continent.With the Guardian reporting in its survey of how...

Nigeria’s NowNow Digital Systems Closes Its $13 Million Seed Round

Nigeria's NowNow Digital Systems Closes Its $13 Million Seed Round: Fintech startup NowNow Digital Systems, in a bid to expand its service offerings across Africa, has closed an initial $13 million round. NeoVision Ventures participated in the round with several...

Nigeria’s Bitmama Raises $2 Million in Preliminary Round

Nigeria's Bitmama Raises $2 Million in Preliminary Round: Blockchain payments startup Bitmama, raising a total of $2 million in a pre-incorporation round, has raised an additional $1.65 million in funding, with $350,000 pre-raised in October 2021 including investors Unicorn...
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