#capital

Chari has secured further funding from Plug and Play to help it continue on its growth trajectory. The platform has onboarded over 20,000 food businesses in Morocco and expanded into Tunisia and Ivory Coast. A participant in the Y…

Storspay has raised a US$320,000 funding round and has been selected to participate in the Techstars NYC accelerator, backed by JP Morgan Accelerator. The company said it had developed a decentralized retail lending infrastructure…

Payday has announced a partnership with Starlink in Rwanda to make digital banking accessible to all remote workers & professionals on the continent while ensuring access to a fast and reliable internet connection. The re-entry into…

FairMoney said it had acquired PayForce, a merchant payment service that serves small businesses. The details of the deal were not disclosed. However, the transaction was estimated to be a cash-and-stock deal from USD 15 million to USD…

Nuru is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 after securing an initial US$1.5 million from investors in a convertible note round ahead of the close of its Series B funding round. Renewable Energy…

Workpay has raised US$2.7 million in pre-Series A funding to expand its HR, payroll, compliance, and benefits tools across Africa. The US$2.7 million in pre-Series A capital round was led by global and Africa-focused investors, including…

Yebo Fresh has raised a ZAR78 million (US$4.5 million) pre-Series A equity investment, as well as a Jobs Fund grant. Its ZAR78 million (US$4.5 million) pre-Series A round will allow the company to expand, build on its physical and systems…

Uncover has raised US$1 million in seed capital, which it will use to scale up its operations in Kenya and establish a presence across Africa. Uncover said the US$1 million seed round featured investors including FirstCheck Africa, Samata…

Orda said it had raised a $3.4 million seed investment to help it to digitize many African restaurants through its cloud-based operating system. The company had raised $1.1 million in pre-seed funding at the beginning of the year. The…

Purple Elephant Ventures (PEV) has closed a pre-seed round of US$1 million from a group of well-known global investors to help it launch startups that will drive Africa’s tourism sector towards a greener future. Investors in PEV’s US$1…