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According to research, 85% of African SMBs have zero access to financing, and each day, African SMBs have billions locked up in receivables due to long payment cycles. This leads to cash flow problems that cause businesses to be late on important expenses and fulfilment of new orders. Jesse Ghansah... -
Gozem, Togo’s leading multi-vertical super app platform, has today announced the completion of a $5 million Series A round. Togo’s leading multi-vertical super app platform, Gozem, has today announced the completion of a $5 million Series A round led by corporate and institutional investors from four continents with expertise... -
A Ghanaian mobility start-up, Treepz Ghana, has signed a deal to pilot an app-based mass transportation solution within the Greater Accra Metropolis. Treepz Ghana has agreed to trial an app-based mass transportation solution inside the Greater Accra Metropolis with HM Evolution Services Ltd, a renowned transport provider in Ghana.... -
The AfCFTA Secretariat and its partners on the 4D, ProPer, and Caravan Initiatives, AfroChampions and the Arab Bank for Economic Development (BADEA), have announced the winners of the AfCFTA Caravan Prize. Five winners have been announced out of the 10 finalists. The 20 finalists and semi-finalists were tasked with conceiving... -
Nigerian fintech startup, Lemonade Finance, has raised $725K in pre-seed funding for a project aimed at improving access to financial services for African diaspora investors. Nigerian fintech startup Lemonade Finance has secured a US$725,000 pre-seed funding round. The round was led by Y Combinator and other investors Ventures Platform,... -
Workpay, a Nairobi-based YC graduate, is expanding operations to Nigeria to offer Core HR, Payroll, and employee record services. Workpay, which was founded in 2019, enables SMEs to conveniently manage and pay their employees from anywhere in Africa. People may log time, perform a locally compliant payroll, and pay... -
Stanbic Bank and GIZ have entered into a partnership to help fast-track their journey towards scalable and sustainable, impact-oriented ventures. Stanbic Bank and the “Make-IT in Africa” tech entrepreneurship initiative by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have entered into a partnership to help fast-track their journey towards commercially scalable and... -
TaskMate, a crowdsourcing app that lets people use smartphones to do tasks and get paid, has been launched in Kenya by Google. Google has just launched TaskMate, a crowdsourcing app that lets people use smartphones to do tasks and get paid, in Kenya after a year-long experiment in the East African country.... -
Sendbox, a Nigerian peer-to-peer delivery platform for social commerce, has secured $1.8m in a seed funding round to scale operations. A Nigeria-based e-commerce fulfillment platform for merchants in Africa, Sendbox has today announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs...