Egyptian e-commerce operations platform Fincart has raised an oversubscribed US$2.8 million seed round of funding to further develop its AI platform, expand its team, strengthen strategic partnerships, and accelerate its expansion across the MENA and African markets. Founded in 2023 by Mostafa Masry
South African fintech startup Moment has raised US$22 million in funding to develop one of the continent’s most advanced payment infrastructure businesses, offering a comprehensive suite of payment collection and revenue retention solutions to corporate and enterprise merchants. Moment offers biller
South African startup Tennsa, an AI business intelligence platform built for SMEs, has become the first portfolio company of Oakvale Invest, Africa’s first AI-focused pre-seed fund. The Cape Town-based Tennsa is building AI that works around people, on the conviction that this technology’s promise h
Absa Bank Kenya‘s Absa Asset Management has received approval from Kenya’s Capital Markets Authority (CMA) to launch two global multi-asset special funds, expanding its investment products as demand for diversified wealth management solutions grows. CMA regulator approved the Absa Global Multi-Asset
PalmPay, an Africa-focused fintech is reportedly preparing for a potential Hong Kong initial public offering (IPO), according to a Bloomberg report, as the fintech looks to raise fresh capital to support its international expansion and strengthen its position in emerging markets. PalmPay is reported
Kenyan used-car marketplace Peach Cars has secured approximately Sh517 million (¥600 million/US$4 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, strengthening its balance sheet as it accelerates expansion across Kenya. The financing comes just over a year afte
Three Kenyan startups are among 16 ventures selected as regional finalists for the 2026 American Society of Mechanical Engineers Innovation Showcase (ASME ISHOW), putting Kenya at the centre of a global cohort of hardware startups developing solutions for agriculture, healthcare, mobility, food stor
Medwaka is an emergency response platform that connects patients experiencing medical emergencies with nearby hospitals, ambulances, and trained first responders through a mobile app.
The licencing push marks a significant shift for Kenya’s digital asset industry, which has operated in uncertainty for years, despite being one of Africa’s largest crypto markets. The new Virtual Asset Service Provider (VASP) framework places exchanges, wallet providers, payment processors, and othe
The strategy appears to be gaining traction. Nearly half a million voter registration transactions during the IEC's final registration drive came from people aged 16 to 29, while 46% of all new registrations were by voters under 29. The figures suggest digital platforms may be lowering barriers to r
Egyptian e-commerce operations platform Fincart has raised an oversubscribed US$2.8 million seed round of funding to further develop its AI platform, expand its team, strengthen strategic partnerships, and accelerate its expansion across the MENA and African markets. Founded in 2023 by Mostafa Masry
South African fintech startup Ozow has partnered with First National Bank (FNB) and Rand Merchant Bank (RMB) to launch a new API-driven payment solution that enhances how account-to-account payments are processed for FNB and RMB clients, offering merchants greater reliability, security and control.
South African fintech startup Moment has raised US$22 million in funding to develop one of the continent’s most advanced payment infrastructure businesses, offering a comprehensive suite of payment collection and revenue retention solutions to corporate and enterprise merchants. Moment offers biller
NCBA Group Plc reported a first-half profit of KES 12.4 billion ($95 million), up 12.2% from a year earlier, as East Africa’s largest bank by customer numbers benefited from stronger digital lending, higher customer deposits and continued investment in artificial intelligence despite a cautious econ
Moove, the mobility infrastructure startup, has raised $250 million in a Series C funding round, valuing the company at $2.1 billion, as it doubles down on building the infrastructure needed to power autonomous vehicle fleets around the world. The round was led by Mubadala Investment Company and co-
PalmPay, an Africa-focused fintech is reportedly preparing for a potential Hong Kong initial public offering (IPO), according to a Bloomberg report, as the fintech looks to raise fresh capital to support its international expansion and strengthen its position in emerging markets. PalmPay is reported
Kenyan used-car marketplace Peach Cars has secured approximately Sh517 million (¥600 million/US$4 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, strengthening its balance sheet as it accelerates expansion across Kenya. The financing comes just over a year afte
Samsung Electronics East Africa has launched its official direct-to-consumer online store in Kenya in partnership with Housewives Paradise, introducing WhatsApp Shopping as it expands its digital retail strategy in one of Africa’s fastest-growing e-commerce markets. The Samsung Brand Store enables c
Fintech lender 4G Capital has partnered with the International Finance Corporation (IFC) under a new risk-sharing initiative aimed at expanding access to financing for Kenya’s micro, small and medium-sized enterprises (MSMEs), particularly women-owned businesses. The partnership is part of IFC’s fir
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. ☀️ African startups and growth-stage companies are increasingly looking beyond their home markets. But few conversations focus on what that expansion really costs. Beyond entering new markets lies a different challenge: fragm
