Startup Researcher Africa

Boon, founded by Deepti Yenireddy, has raised $20.5M in combined Seed and Series A funding to revolutionize logistics with cutting-edge AI tools. Backed by Marathon and Redpoint, Boon’s platform empowers commercial fleets to double efficiency and profitability by automating repetitive workflows like fuel optimization, billing, and compliance. With 35,000 drivers and 10,000 vehicles already on the platform, Boon is making a significant impact, saving fleets up to $7-10 per truck daily and cutting billing times from 14 days to just 2. This funding will help expand capabilities and continue transforming supply chain operations sustainably. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 Source: TechCrunch #AI #Logistics #SupplyChain #Funding

Exciting news for the Moroccan fintech ecosystem: Bank Of Africa is now the official bank sponsor of Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa. This partnership highlights the growing collaboration between Moroccan banks and local startups, reflecting increasing trust in the country’s innovation scene. The support from BOA and its startup-friendly approach signals a promising future for fintech in Morocco. Chari, founded by Ismael Belkhayat and Sophia Alj, is a B2B e-commerce and fintech platform that helps traditional retailers in French-speaking Africa by offering fast delivery of consumer goods and providing essential microloans. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Fintech #Morocco #Startups #Innovation

Talaty, a Moroccan fintech founded in 2022 by Soulaimane Lahrech, Simo Bernoussi, Ilyas Oudghiri, and Zakaria E., has secured a strategic investment from Witamax and Renew Capital to expand its AI-powered financing solutions for SMBs across Morocco and Francophone Africa. The innovative platform leverages AI to streamline credit assessments, reducing default rates by up to 90%, and empowering financial institutions to offer timely, affordable loans to underserved businesses. This collaboration underscores a commitment to advancing financial inclusion and fostering sustainable growth in the region. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Fintech #AI #SMBs #Morocco

Sourcefin, co-founded by Joshua Kadish, Avi Mishan, and Marom Mishan, secures a transformative R150 million investment from Futuregrowth Asset Management through their High Growth Developmental Equity Fund. This investment will enable Sourcefin to scale its impact, aiming to deploy over R1 billion in funding by February 2025 to empower South African SMMEs. With innovative solutions like purchase order funding and a network of 2,000+ pre-vetted suppliers, Sourcefin addresses the critical R300 billion SMME financing gap. More than 90% of its clients represent minority demographics, including black female-owned and youth-owned businesses. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Funding #SMEs #ImpactInvestment #SouthAfrica

TymeBank secures $250M in a Series D round, led by Nubank Holdings, valuing the South African digital lender at $1.5B and making it Africa’s ninth unicorn. M&G Catalyst Fund and existing investors also joined the round, signaling renewed investor interest in Africa’s fintech space. Founded in 2019 by Coenraad (Coen) Jonker and Tjaart van der Walt, Tyme combines online and physical banking to serve 15M customers across South Africa and the Philippines. With plans to expand to Indonesia by year-end, the company continues to transform access to credit, having extended $600M+ to small businesses. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Fintech #Africa #Funding #Startups

Juicyway, an African fintech startup revolutionizing cross-border payments with stablecoin technology, has secured $3M in pre-seed funding led by P1 Ventures, joined by Ventures Platform Fund, Future Africa, MAGIC Fund, and angel investors. Founded by Ife Johnson and Justin Ziegler, Juicyway has already processed $1.3B in transaction volume for 4,000+ users, including major players like Bolt, Piggyvest, and Afriex. With this funding, the team aims to scale their platform, enabling faster, cheaper, and more transparent global payments while driving African participation in the global economy. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Fintech #Funding #AfricanStartups #CrossBorderPayments

AFRIGREEN Debt Impact Fund has signed a $15M debt facility with WATT Renewable Corporation to drive the deployment of hybrid solar power plants across Nigeria. Backed by leading institutions like European Investment Bank (EIB), IFC - International Finance Corporation, and FMO - Dutch entrepreneurial development bank, this financing will enable WATT to provide sustainable energy solutions for telecom and financial services sectors, cutting costs, reducing diesel usage, and promoting environmental sustainability. Founded in 2016 by Oluwole Eweje with a mission to revolutionize Africa's energy landscape, WATT Renewable is accelerating its roll-out of hundreds of hybrid solar sites, ensuring reliable energy access while advancing a just energy transition. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #RenewableEnergy #Sustainability #Africa #EnergyTransition

ZSystems secures $1.5M in seed funding to transform Morocco's traditional retail market. Led by MNF Ventures, Witamax, CASHPLUS Ventures, and Kalys Ventures, this funding marks a pivotal step in empowering local hanouts to compete with modern retail through innovation and technology. Founded in 2022 by Meriem BENABAD, Samer Choumar, ZSystems has already onboarded 15,000 active retailers and processed over 800,000 orders, earning a 95% positive rating. With a vision to modernize the $25B FMCG market, Z is scaling technology, expanding its product catalog, and preparing for further growth across Morocco and Africa. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Funding #Innovation #RetailTech #Morocco

Billboxx, co-founded by Justus Obaoye and Abdulazeez Ogunjobi, has raised $1.6M in pre-seed funding to empower African SMEs with innovative cash flow solutions. The round, a mix of debt and equity, was supported by Norrsken Accelerator, Kaleo Ventures, 54 Collective (formerly Founders Factory Africa), P2Vest, and Afrinovation Ventures. Launched in early 2023, Billboxx is transforming the SME landscape with its integrated billing-to-payment platform, enabling seamless invoicing, payment facilitation, and tailored cash flow financing. With over $4M in invoice payments already facilitated, this funding will help scale their impact and address the critical cash flow challenges stifling African SMEs. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #Startups #Funding #SMEFinance #AfricaInnovation

Copperbelt Energy Corporation Plc (CEC) Renewables secures USD 97M in its second green bond issuance to accelerate Zambia’s solar future. This funding, backed by FMO - Dutch entrepreneurial development bank, the ALCB Fund, and Stanbic Bank Zambia, will expand the Itimpi Solar PV Plant, adding 136 MW of capacity and boosting CEC’s total solar generation to 236 MW by 2025. The initiative aligns with Zambia's sustainability goals and enhances power supply across Zambia and the DRC, showcasing the transformative potential of renewable energy in Africa. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 #GreenEnergy #SolarPower #Zambia #SustainableDevelopment