South African Insurtech Startup - Naked - Raises US$11m in Series A Funding Round
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Naked, an insurtech startup based in South Africa, has raised US$11 million in its Series A funding round. The startup confirms that…
Simpluz Technologias Develops AI-based Fact-checking Technology to Fight Fake News
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Simpluz Technologias, an Angolan-based startup, has launched a product that uses artificial intelligence (AI) technology and machine learning algorithm to fact-check news,…
South African Fintech Startup - Yoco - Raises US$83m in Series C Funding Round
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South African-based fintech startup, Yoco, has completed a Series C funding round with US$83 million raised. The funds, according to the startup,…
Egyptian Ride-sharing Startup - Swvl - to Merge with US-Based Queen's Gambit; Plans to List on NASDAQ
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Egyptian transport start-up Swvl has announced that it would be going into a merger with US-based acquisition company, Queen’s Gambit Growth Capital….
Egyptian Grocery Delivery Startup - GoodsMart - Completes US$3.6m Fundraise
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Cairo-based online grocery startup, GoodsMart has raised US$3.6 million in funding, led by Sawari Ventures. GoodsMart says the funds would be used…
Kenyan AI-driven Influencer Marketing Platform - AIfluence - Raises US$1m in Seed Funding Round
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Kenyan-based influencer marketing startup, AIfluence, has successfully raised US$1m in its seed funding round. The ad-tech startup disclosed that it would use…
Hybrid Solar Power Company - Daystar Power - Secures US$20m to Expand its Power Capacity
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Daystar Power, a Nigerian-based hybrid solar power solutions provider, has secured $20m funding from the International Finance Corporation (IFC). The funding, according…
Egyptian e-health startup - Yodawy - raises $7.5m Series B for its digital pharmacy market
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Two years after raising $1million, Egyptian leading e-health and online pharmacy benefits marketplace, has raised $7.5 million in a Series B funding…
Former SafeBoda Country Head, Babajide Duroshola, Joins M-Kopa as General Manager
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Former SafeBoda Country Head, Babajide Duroshola, has taken up a new role as General Manager in the Kenyan company, M-Kopa. Babajide Duroshola,…