#expansion

Brolly has been selected for the summer 2023 cohort of the Techstars accelerator in Tulsa, Oklahoma, securing access to mentorship, US$120,000 in funding, and the opportunity to secure further investment at demo day. The startup has now…

Helpoo has secured an undisclosed amount of funding from Saudi firm Morni Holding to help it scale. Helpoo is an integrated tech-enabled service application that offers timely, high-quality motor vehicle insurance inspections, insurance…

Wasoko, which leverages innovative technology to transform the informal retail supply chain, has expanded into Zambia, the company’s first location in Southern Africa. The platform enables retailers to order products anytime via SMS or…

Vesicash announced its expansion to vital African markets and launched its Merchant of Record (MoR) product, which is the first of its kind on the continent. The operational complexities involved with expanding to new markets mean that…

Copia is exiting Uganda about a year after entering the market. The startup's decision was informed by the need to make a profit and build a sustainable business model, among others. It also attributes the exit to an array of external…

Alerzo said it has laid off 15% of its full-time workforce, making it the company’s second round of layoffs in seven months. According to Alerzo, the first round of layoffs was performance-related and involved digitising some roles…

Nigeria is the largest and most populous country, in Africa, with a growing economy and a young, tech-savvy population. In recent years, the country has seen a surge in technology adoption, with an increasing number of businesses and…

Curacel said it had secured US$3 million in seed funding to roll out new solutions and support its expansion into North Africa. The insurtech infrastructure company helps insurers and partners in Africa and other emerging markets increase…

Flutterwave has become one of the few payment service providers in Egypt with both local and global settlement capabilities. San Francisco, February 9th, 2023. Flutterwave, Africa’s leading payments technology company, has announced…

Flow has announced the raise of $4.5 million in a pre-Series A round today. This brings its total funding to almost $6 million. The funding round was led by Future growth Asset Management with $2 million. It also received backing from…