Startup Rise Africa News

At the back of every prosperous business there is a fascinating tale to share, Your brand's Journey and What makes you different from the rest are built on your Startup Story. Share Your Entrepreneurial Journey with Startup Rise Africa and let the world to know about it. Share your journey - https://lnkd.in/dfTfatj7 #startupstory #brandstory #entrepreneurialjourney #startups #entrepreneurship #startupecosystem #storytelling #brandjourney #business #businessman #businesswoman #herstory #letsdoit #brandawareness #branding #brandgrowth #unicorns #africa #africabusiness #africanentrepreneur #startupfounders #startupcommunity #startupecosystem #startupgrowth #startupnews #startnow

The StartmeupHK festival is a annual series of event curated by invest Hongkong and organised by external expert partner. 2024 series held on 21-25 OCT 2024  The StartmeupHK Festival this year is also an anchor event for Blocktober, the blockchain themed month long programme coordinated by Web3 Harbour, along with partners including HKFW, Consensus, Smartlink and Animoca Brands. Guided by the theme A Future Unlimited, this year’s Festival will feature main events covering a startup competition, web3, female entrepreneurship, healthtech and sustainability. Invest Hong Kong To share your startup story write us on - [email protected] #StartmeupHK #Blocktober #blockchain #femaleentrepreneurship #festival #sustainability #healthtech #Hongkong

Paymob Raises Additional $22 Million in Series B Extension, Bringing Total Funding to $72 Million Paymob, a leading fintech company, has announced the successful closing of a $22 million Series B #extension round, raising the total amount of the Series B to $72 million. The round was led by EBRD Venture Capital, with participation from Endeavor Catalyst. Existing investors PayPal Ventures, British International Investment, FMO - Dutch entrepreneurial development bank, A15, Nclude, and Helios Digital Ventures also reaffirmed their confidence in Paymob’s #growth by participating in this round. This significant funding will further #empower Paymob’s mission to build a cutting-edge payments infrastructure designed to support SMEs in thriving within the digital economy. The company aims to solidify its leadership in Egypt while accelerating expansion throughout the GCC region. Islam Shawky Alain El Hajj Mostafa Menessy #paymob #startups #fintech #funding

Through a convertible note round, Egyptian fintech company Lucky ONE has raised US$3 million. Existing investors Lorax Capital Partners, KEM, and DisrupTech Ventures participated in this #investment round. The recently raised capital will be wisely used to expand Lucky ONE's credit lending offerings, solidifying its standing as a major participant in Egypt's consumer #credit industry. Momtaz Moussa Ayman Essawy Marwan Kenawy #africa #startup #funding #fintech

The African venture capital firm Founders Factory Africa has rebranded as 54 Collective. “54” represents the 54 countries on the African continent while “Collective” reflects our collaborative approach to supporting founders, and represents our experienced local teams of venture specialists and experts who form part of our extensive network across the continent. 🚀 54 Collective is a leading venture capital firm revolutionising investment and scaling idea to early-stage ventures throughout Africa. 54 Collective VC Bongani Sithole #african #vc #startup #funding #venturecapital

Qardy Surpasses a $7-figure pre-seed round of Investments, Poised for Growth Qardy, the first digital lending marketplace in Egypt and the MENA region has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant milestone underscores the confidence that investors have in Qardy's innovative approach to financial services and its potential for growth. Qardy established in July 2022 as Egypt’s 1 st online lending marketplace for financial institutions to fund MSMEs. Qardy offers the fastest and easiest access to financing through a fully-digital experience through partnerships with top financial institutions in Egypt. Tamer El-Manasterly Asser Yehia Abdelaziz Abdel Nabi #staartup #funding #msme

dopay, the rapidly growing fintech providing a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, announces the closing of a strategic $13.5 million Series A extension round. The Series A extension funding, led by Argentem Creek Partners with participation from existing investors, will enable Dopay to accelerate its rapid expansion in its initial market, Egypt. Dopay is a fintech company dedicated to breaking the cash cycle with a suite of services that offer secure, instant, and cashless payments to businesses while driving financial inclusion for previously unbanked and underbanked employees. Frans van Eersel Ahmed Nassef #fintech #startup #funding

Kenya's Uncover, a beauty brand, has secured a US$1.4 million seed II investment round to advance the development of its #digital platform, introduce new goods, and enter new markets. With the additional funding, the business plans to #grow into Ghana, Uganda, and the United States. Uncover is revolutionizing self-care in Africa as a leading #skincare company, dedicated to empowering women through innovative products and educational content. Jade Oyateru, MBA Sneha Mehta, CFA #africanstartups #funding #uncover #beautybrand

Peleza International has merged with Prembly, a digital security and compliance infrastructure company based in the United States, to become Prembly Group. This merger aims to enhance #global market access for its clients, combining expertise and resources to deliver superior data quality, streamlined transactions, and access to global enterprises. Their combined business now as Prembly Group, will maintain a commitment to data integrity and regulatory compliance, aiming to improve operational processes, speed to #market, and geographical reach. Ann (Olowojaiye) Akintunde Tolu Adetuyi Brian Gichaga Lydia Makrioniti #africa #digitalsecurity #merger #announcement

Breega, one of Europe's fastest-growing early stage funds, launched "Breega Africa Seed I" to become Africa's premier early-stage #investor in businesses. Breega has recently established two new offices to oversee its new pan-African fund, "Breega Africa Seed I," in Cape Town, South Africa, and Lagos, Nigeria. Equipped with a sum of US$75 million, the fund will finance #ventures in Nigeria, Egypt, South Africa, Kenya, and a number of French-speaking African nations, including Senegal, Morocco, Cameroon, Ivory Coast, and the Democratic Republic of the Congo (DRC). As the initial investor, Breega intends to invest checks totaling between US$100,000 and US$2 million with this #fund. Melvyn Lubega Tosin Faniro-Dada Ben Marrel #africanfund #startup #funding #europeanfund #vc