Startups in Africa raised a total of at least $19.3m across 6 deals. Over 60% of the amount raised went to Cartona; Egypt-based B2B e-commerce platform who closed $12 million in a Series A round led by Silicon Badia, with the participation of the SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures,…

Startups in Africa raised a total of at least $124.7m across 6 deals, one of them with an undisclosed amount. An interesting news is that the world’s first mobility fintech company, out of Nigeria has secured $20 million in financing from Absa Corporate and Investment Banking (CIB); just few weeks after the company also secured…

During the week in review being the second week of July, startups in Africa raised a total of about $13.5m across 7 deals. A pre Series-A deal raised by South African proptech company DigsConnect was undisclosed which is expected to have been a significant amount. Of the $13.5m raised however, about 74% want to Persistent…

With a rather slow start into Q2, startups in Africa raised about $102m across 8 deals, with 3 of them raising undisclosed amounts. About 89% of that amount however was a debt financing of $91m that Senegalese Wave Mobile Money received from IFC and others (arranged by IFC). This further goes to show the prevalence…

Startups in Africa received a total of about $81m in funding (only ~57% of the $141.3m received last week), a testament to the global meltdown in the investment space. The funds were spread across 13 deals with 2 of them raising undisclosed amounts. Ghanaian Fintech, Fido raised a $30m Series A round accounting for about…

Startups in Africa received a total of at least $141.3m in funding during the week in review across 15 deals with 4 of them raising undisclosed amounts. MFS Africa got the lion share of over 70% with their Series C Extension of $100m which was a mix of equity and Debt. Worthy of mention is…