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FintechOS Raises $28M After Reaching Profitability FintechOS has raised $28 million in combined equity and debt financing. Existing shareholders provided most of the equity funding. The investor group includes Bek
Corridor Raises $25M to Target Small Business Health Benefits Corridor has raised $25 million in seed funding to expand its AI health benefits brokerage. Bain Capital Ventures led the round.
At the 2026 SME South Africa Funding Summit, Litha Kutta, Head of Partnership Development and Ecosystem Coordination at the Land and Agricultural Development Bank of…
Access to finance remains one of the most significant barriers facing South Africa’s small and medium-sized enterprises (SMEs). While many entrepreneurs need additional capital to…
Lerato Sebata joined the 2026 SME Funding Summit as one of the speakers providing entrepreneurs with essential information on how to grow their business. Sebata…
Wholesale businesses in South Africa tend to face the same paradox. Winning large orders is, of course, important, but they tend to put businesses under…
Egyptian digital healthcare startup Yodawy, which has pioneered a pharmacy benefit management platform in the MENA region using technology, expert pharmacists, and state-of-the-art logistics, has raised US$10 million in extra funding, taking its total raised capital to US$34.5 million. Founded in…
Ivory Coast-based eyecare startup Lapaire has secures US$3 million in equity funding to fuel its growth and expand across Africa. Founded in 2018, Lapaire offers a trusted and accessible eyecare experience, leveraging a one-stop-shop customer-centric approach to provide stylish quality eyeglasses…
Kenyan startup Badili, a reverse commerce, or “re-commerce”, platform for refurbished phones, has secured an undisclosed amount of seed funding from E3 Capital to help it expand into more markets across East Africa. Founded in 2021 and already operating in Kenya, Tanzania, and Uganda, Badili…
Tunisian startup Cynoia, which aims to become the ultimate collaboration hub for teams, is plotting West African expansion off the back of a EUR850,000 (US$930,000) funding round. Founded in 2022 by Nasreddine Riahi and Ayoub Rabeh, Cynoia aims to simplify and optimise collaboration within…
Egyptian ed-tech startup iSchool has raised US$4.5 million in funding to accelerate its expansion plans into six additional countries in the MENA region, among other things. Founded in 2018, by Mohamed Algawish, Mustafa AbdelMon’em, Ebrahim Youssef and Mohamed Nabil, iSchool offers live gamified…
The Kigali-based electric transport energy company Ampersand has raised US$19.5 million in equity and debt funding to help it continue to expand operations. Formed in 2016, Ampersand assembles and finances electric motorcycles that cost less to buy and operate, and perform better than the five…
Egyptian startup Chefaa, a patient-centric pharmacy benefits platform, has raised US$5.25 million in funding to accelerate its growth and fuel expansion in Saudi Arabia. Founded in 2017 by Dr Doaa Aref and Dr Rasha Rady, Chefaa allows users to easily order, schedule, and refill recurring…
Nigerian social commerce startup MAKA, which makes discovering and purchasing fashion items seamless and enjoyable, has raised a US$2.65 million pre-seed round of funding to help it scale. Founded by CEO Diana Owusu-Kyereko in 2021, MAKA is an interactive social commerce platform which, through…
Twelve startups have been selected for the second edition of the ARM Labs Lagos Techstars Accelerator, which provides access to up to US$120,000 in equity funding and other types of support. Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship…
Nigerian startup Bujeti, an end-to-end expense management and budgeting platform, has raised US$2 million in seed funding to accelerate its growth and boost market share. Founded in 2021, financial management platform Bujeti is transforming the landscape of corporate finance management for…
Kenyan startup tappi, which helps SMEs build their online identity through a chat tool that automatically creates a webpage, has raised US$1.5 million through an oversubscribed pre-seed round of funding to help it digitise and build online trust for African SMEs. Founded by Kenfield Griffith and…