Nigerian fintech leader Moniepoint has secured $110 million in Series C funding to supercharge its digital banking platform for businesses across Africa. With a track record of innovation and impact, Moniepoint is poised to transform financial access on the continent, bringing seamless banking, payments, and credit services to millions.

Scale, a South African startup, has secured $700,000 in pre-seed funding to expand its customizable card-issuing services across Africa. Partnering with Visa and Mastercard, the company is solving key pain points for fintechs in the region. 🚀💳

🌾 Winich Farms, a Nigerian agritech startup, has raised $3 million in pre-series A funding to expand its reach and technology. This funding marks a major milestone in its mission to connect rural farmers with retailers more efficiently. Discover how this innovative company is reshaping Africa’s agricultural landscape! 🌍

Exciting times ahead for Egyptian fintech! Lucky ONE has just raised $3 million in a convertible debt round to boost its credit platform and venture into new regional markets. This latest funding marks a significant milestone in their mission to provide innovative financial solutions across Egypt and beyond. 🚀

In a strategic move to drive growth and break even faster, African e-commerce giant Jumia plans to raise over $100 million through a new share offering. This capital injection aims to expand its supply chain, enhance logistics, and invest in technology, amidst a challenging market environment. 📈💼

Ventures Platform, a leading Nigerian VC firm, is setting its sights on broader African horizons. With notable successes in Nigeria like Piggyvest and Paystack, the firm is now investing in key strategic markets across Africa. Discover how Ventures Platform is shaping the future of African startups.

Cartona, an Egyptian B2B e-commerce platform, has successfully raised $8.1 million despite a cooling investor interest in the sector. With a focus on FMCG and HORECA, Cartona is leveraging its asset-light model to enhance efficiency and expand its market presence. Discover how this startup is navigating the competitive landscape and driving digital transformation in Egypt's retail market.

🚀 Intron Health secures $1.6 million in pre-seed funding to enhance its groundbreaking speech-to-text transcription tools for healthcare. Discover how this Nigerian AI startup is transforming medical record-keeping and improving patient care. 💡🌍

Dopay, the Egyptian fintech revolutionizing payroll, has raised an additional $13.5 million in a Series A extension round. With these new funds, Dopay is set to accelerate its expansion in Egypt and beyond, launching innovative financial services to better serve unbanked workers. Discover how Dopay is transforming the financial landscape in emerging markets.

🇰🇪 Kenyan skincare e-commerce startup, Uncover, is set for a major expansion after raising $1.4 million in seed funding. The company aims to extend its personalized skincare solutions to the US, Ghana, and Uganda, tapping into the growing beauty market across Africa.

Nala, a Tanzanian fintech startup, just closed a $40 million Series A round to bolster its B2B payments platform and expand remittance services. This funding, led by Acrew Capital, marks one of Africa’s largest Series A deals, showcasing investor confidence in Nala’s vision. 🚀💸

Copia Global, the Kenyan B2C e-commerce startup known for serving rural areas, has announced its decision to liquidate after failing to secure necessary funding, impacting its employees and creditors.

Breega, a Paris-based venture capital firm, is making a bold move to support Africa's growing tech ecosystem with a $75 million fund aimed at early-stage startups. This investment underscores Breega’s commitment to nurturing innovation in emerging markets. The firm’s expansion into Africa is marked by the opening of new offices in Lagos and Cape Town.

Cadana, an innovative payroll services provider for global hiring platforms, has raised $7.1 million in seed funding to expand its reach in emerging markets. With a focus on simplifying payroll and compliance for remote workers, Cadana aims to transform how businesses operate in regions like Africa, Asia, and Latin America. Discover how Cadana plans to leverage this new funding to enhance its technology and broaden its market presence.

Downforce Technologies, a climate tech startup headquartered in London, has raised $4.2 million to expand its innovative soil fertility measurement tools across Africa. This investment aims to empower African farmers with cutting-edge technology to improve soil health and boost agricultural productivity. 🌱🌍

The green revolution in tech startup funding continues in Africa with a new report showing climate techs have overtaken fintech, hauling almost half of all funding amassed so far in 2024.

Noki Noki, a Congolese logistics startup, has secured $3 million in seed funding to revolutionize delivery services across Central Africa. With ambitious plans to expand and a robust portfolio of services, Noki Noki is set to become a key player in the region's last-mile delivery market.

Potcast Productions, a leading podcast company in Egypt, has raised pre-seed funding to revolutionize audio content creation. With plans to enhance production, scale marketing, and launch new series, Potcast is set to become a powerhouse in the podcasting industry.

TymeBank, Africa's fastest-growing digital bank, is on the verge of securing $150 million in Series D funding. This ambitious move aims to propel its valuation to unicorn status and fuel its expansion into new markets, including Indonesia, by the end of the year. With a profitable track record and strategic partnerships, TymeBank is poised for significant growth.

Kenyan influencer marketing platform Wowzi has teamed up with Mastercard and Masria Digital Payments (MDP) in a groundbreaking $2.04 million deal. This partnership aims to revolutionize financial management for content creators by offering innovative digital card solutions.

May brought a funding windfall for African startups, with US$187 million raised, signaling that better days are still ahead for the continent's VC scene.

Ivory Coast-based cloud communication startup LAfricaMobile has successfully raised $4.6 million in a Series A funding round, aimed at accelerating its expansion across French-speaking Africa. Founded in 2014, LAfricaMobile offers a suite of mobile communication solutions, including SMS, USSD, voice, WhatsApp, airtime, and text-to-speech, facilitating large-scale communication campaigns.

🌍 Bosso, Zambia's largest online construction marketplace, has secured $400K in pre-seed funding! Founded in 2022, Bosso aims to bridge Africa's housing gap with affordable building materials and innovative solutions. Discover how this startup plans to transform the construction industry with AI and new services.

Orca, a Cape Town-based startup, has raised $550,000 in a pre-seed round to tackle the surge in fraud across emerging markets. Co-founded by Thalia Pillay and Carla Wilby, Orca aims to provide tailored fraud prevention tools, particularly for African financial institutions struggling with cyber threats.

At the Africa CEO Forum 2024 in Kigali, leading African women business leaders discussed funding challenges linked to gender inequality. The forum also highlighted some of the initiatives financial institutions are taking to close the financing gap.