Duplo digitizes payment flows for African B2B enterprises, gets $4.3M seed funding, Africa-focused fintech Zazuu raises $2M to scale its cross-border payment marketplace, MoneyHash gets $3M to build a super-API for payment operations in Africa, Mideast. Akiba Digital's longer-term plans are ambitious and worth keeping an eye on. Commonwealth Shared Scholarship 2023 Prospectus Flat6labs invests in startups in the Middle East and North Africa Region and has active seed funds in Egypt and a sister fund in Tunisia. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. The startup operates a venture-funding platform connecting startups and investors, with anyone able to buy equity in a listed startup for as little as US$10. Senegal is the regions leading tech hub, with the $112 million raised by its startups being twice more than the next best countries DR Congo and Cte dIvire. The fund, dubbed Knight Fund, is aimed at providing last-ditch follow-on capital access to local funding required to help startups consolidate on existing operations, growth and expansion, explained Zedcrest Capital, the Lagos-based principal investing firm and financial services group. Other African startups that have received seed funding have also been acqui-hired by international tech companies. Start-ups to access financial support of up to EUR 300,000. As a result, early investors in these companies are rewarded with lucrative exits. Innovative start-ups/SMEs (health, biotechnology, environment, etc. Click Any for complete overview information and application process. Intensive support for managers for growth management. The Tony Elumelu Entrepreneurship Programme has a mission of empowering young Africans to create jobs and create businesses. Previously we were angel funded between 2018 and 2022, notes Jeffrey Barbee, co-founder and chief executive of ScarabTech. PROPARCO has a team dedicated to equity financing for start-ups seeking to market the, Fuz, an innovative investment facility to support start-ups deploying technological solutions for the real economy in Africa. Commonwealth Shared Scholarship 2024 Prospectus In 2022, there are very high expectations for African startups to surpass the amount they raised last year. AFD Group is an active long-term partner, combining financing and technical and strategic assistance. Call for Proposals - Can Technology Accelerate Learning and Skills? The money provided by angel investors and VCs will help the companies to scale their businesses. Nigerian trade-tech startup Norebase secures $1m pre-seed funding 0 By Tom Jackson on May 6, 2022 Nigerian trade technology startup Norebase, which is building a single platform for businesses to start, scale and operate in any African country, has secured a US$1 million pre-seed funding round to accelerate its growth. Currently focusing on cricket, Podeum is building an online community . 1. The Government of Canada is a newcomer to the top ten investor list, having closed 20 deals in 2022. Opportunities for Africans 2025 Image Credits: Zedcrest. There were notable milestones outside the top 10, like in Sudan where payments platform Bloom became the countrys first startup to participate in the Y Combinator accelerator program, subsequently raising $6.5 million seed money in a round co-led by payments giant Visa. Scholarship Positions for Developing Countries South Africas Talk360 raises $4M to build single payment platform for Africa. Data from Africa: the Big Deal shows that African startups raised more than $4.85 billion by the end of December, a 4.75 per cent increase over the same period last year. Start-ups to access financial support of up to EUR 300,000. They use So now, we are dedicating $10 million to this category of slightly more mature businesses going through a rough patch because the market is very tight.. Short Course Scholarship for Developing Countries 2025 Opportunities for Africans 2024 Ugandan tourism-tech startup Tripesa has raised a pre-seed round of funding as it seeks product-market fit ahead of continental expansion. Opportunities for African Entrepreneurs Commonwealth Scholarship 2025 Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa. Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund,. Cameroon, Chad, Democratic Republic of Congo, Cte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, Congo, Agence d'encadrement et de dveloppement des PME, Association Entrepreneurs & Dveloppement, Sngal, Cte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, Ghana. The Government of Canada (20 deals) The Government of Canada is a newcomer to the top ten investor list, having closed 20 deals in 2022. Since the beginning of 2022, the US, Asian, and European money markets have been on a decline. This support mainly targets start-ups financed by AFD Group via PROPARCO & FISEA and addresses the following issues: Consult the list below to see the local partner incubators and find out more about the services available (financing, mentoring, training, etc.). Cameroon, Chad, Democratic Republic of Congo, Cte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, Congo, Agence d'encadrement et de dveloppement des PME, Association Entrepreneurs & Dveloppement, Sngal, Cte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, Ghana. For context, African startups could barely raise $300 million in equity funding between April and May 2022. "African economies are in danger of even further marginalisation due to macro trends towards economic deglobalisation. CV VC intends that it will act as a leading enabler, through the launch of its African Blockchain Early Stage Fund. Sign up for Semafor Africa: A rapidly-growing continents crucial stories. My pivot journal: Chief Veras evolution from dentistry to content creation, Creating innovative solutions for seamless transactions in Sierra Leone and beyond, How MITs Senseable Lagos Lab will drive innovation to the African tech industry, Ten notable female entrepreneurs in Southern Africa. Copyright 2022 Zawya. "Legitimate Opportunities for Entrepreneurs Available Now" Along these lines, we identified at least seven companies that collectively raised over $25 million in seed funding in the past four months. 2023 Opportunities for Africans Some African startups have attracted interest from Silicon Valley venture capital firms. So far, our analysts have tracked over $200 million worth of disclosed fundraising deals. With its tiered model, targeting pre-seed, through two successive tickets in the startup according to the stage of development, Fuz is today a unique model on the continent. 2024 Business Grants African Union Scholarships 2024 Pre-seed funding is an early funding round in which investors provide a startup business with capital (sometimes up to $2 million) to develop its product in return for equity in the company. SeedStars World SeedStars World is one of the business grants offered to entrepreneurs from Africa. Techstars has been active in Africa since 2015 when it first invested in MAX, a mobility startup. The Johannesburg-based venture firm has invested in many well-known startups such as BuuPass, Zuri Health and Zazuu. Mercy Corps relies on the operational capacities of Suguba, which will implement investment preparation programs. A digital tech boom is happening across Africa. Opportunity Desk | the One Stop Place for Global Opportunities! Your email address will not be published. 8. Funding African Businesses - Free Grant Money For Anything Candidate SMEs will be analyzed to assess their development potential in order to validate the relevance of financial support. The GreenTec Capital Africa Foundation offers an ad hoc financing facility for start-ups that join its program to prepare support for Venture Building, in the form of a repayable loan with a 0% rate of up to EUR 25,000. As the global venture capital market slows, Africa charts its own course, Africas startup market is bucking the global slowdown. For local funds such as Zedcrest Capital, it also makes sense to create such a fund because theres a much higher probability of getting into good deals that were otherwise overpriced last year. . Undergraduate Scholarships for African Students And last year, Y Combinator intensified its participation in Africa. Founders Factory Africa closed 18 deals in 2022, ranking it ninth among Africas top investors. The firm had 28 deals in 2022. Opportunity Desk 2023 Phd Scholarships for African Students 2025 With its Digital Africa seed fund, AFD is supporting four programs to assist and finance digital start-ups right from the start of their activity. Partnering with the Swiss State Secretariat for Economic Affairs CV VCs public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), intends to see CV VC build the first-ever, blockchain-focused accelerator for Africa. 2024 Opportunities for Africans Opportunities Desk Early-stage entrepreneurs across the region are creating innovative online and offline models responding to critical products and service needs. Early-stage venture capital firm Microtraction, which invests in African tech startups at the pre-seed stage, has announced a US$15 million first close of its second fund, counting a number of established African tech startup founders among its LPs. The AFD Digital Challenge is an annual competition which rewards five to ten start-ups that have developed innovative solutions for Africa. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. Minly Egypt's Minly has created a quirky offering for the MENA region, allowing users to buy personalised video messages and shoutouts from their favourite celebrities. AFD Group is convinced that start-ups play an essential role in developing innovative solutions that meet the needs of developing and emerging countries. Commonwealth Scholarship Malaysia Hes also a corporate governance and cross-border data privacy and tax expert. Eden Care, a licensed Rwanda-based digital insurer which offers affordable, accessible and personalized health coverage to businesses and their employees, has completed a pre-seed funding round from DOB Equity , Seedstars International , Norrsken Foundation, and Bathurst Capital. 2021 Innovating Justice Challenge: 10,000 Non-equity Seed Funding. Funding for African Businesses Business Grants in Kenya 2023 Grant Opportunities for Entrepreneurs 2025 Scholarship for Developing Countries 2024 Digital Africas mission is to build the capacity of African tech and digital entrepreneurs to design and scale innovations for the real economy. Commonwealth Shared Scholarships 2025 Some examples of successful exits include Stripe, which acquired Lagos-based startup Paystack for $200 million. Scholarship-positions.com Uk Zedcrest Capital, a firm known for its debt and equity capital markets investments but who recently started dabbling into venture investments, has launched a $10 million fund for pre-Series A stage startups in Africa. Business Grants for African Entrepreneurs 2023 With backing from the likes of Magic Fund, Acuity Ventures, Launch Africa Ventures Ventures, and Plug and Play, we're certain the startup has news to offer in 2022. They enjoy large market opportunities and boast high growth rates . Launch Africa was the most active investor in African startups for a consecutive year. In 2022, it was the seventh-most active investor in Africas startup ecosystem with 20 deals. Short Course Scholarship for Developing Countries 2023 If successful, seed funding for African startups can yield a decent return. They use Google want to bridge the existing fundraising gap for Black startup founders in Africa's fast-growing technology landscape. African tech startups surpass 2021 funding total in H1 of 2022; $2.3bn raised 0 By Tom Jackson on July 14, 2022 African tech startups raised more funding in the first six months of 2022 than they did across the entirety of 2021, with total investment hitting US$2.275 billion. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. The GSA is Africas largest independent start-up ecosystem competition and an exclusive mechanism for the GIIG Africa Develop to locate, fund, and scale Africas most innovative entrepreneurs with SDG-aligned clean energy solutions. "Africas difficulties are compounded by the pandemic that has disrupted revenues, foreign direct investment, development assistance, remittances, trade, and tourism, and not forgetting the effects of war. In the same month, it made history as the first Rwandan startup to get into the Techstars Toronto Accelerator Program. Our mission is to bridge distance and connect lives by offering reliable, affordable and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world, said Hiine. - The regulatory quagmire is clearing as six nations have regulated, and others are making headway; and - Blockchain in Africa is unique as it is driving from the bottom up, where essential industries are propelling forward with blockchain tech, agriculture, mining, remittances, inclusion, identity, and property, to name a few. Most of these businesses, seeing how their pre-seed and seed valuations dont meet current market conditions (some of these deals commanded between $10-$30 million valuations last year), are either raising at flat rounds or down rounds. Based on the results of the period to prepare the support, the Foundation will be able to allocate a loan to start-ups whose repayment potential has been validated. Developing Countries Scholarships Commonwealth Shared Scholarship 2025 Prospectus The Pan-African VC closed 34 deals in 2022, making it the fifth-most active investor for the year. The program is led by the association I&P Entrepreneurs et Dveloppement, which supports African entrepreneurs. Sponsored Short Courses for Developing Countries 2025 Support, financing, co-working spaces, networking, etc. Duplo digitizes payment flows for African B2B enterprises, gets $4.3M seed funding Africa-focused fintech Zazuu raises $2M to scale its cross-border payment marketplace MoneyHash gets $3M to. Young Caribbean Water Entrepreneurs Shark Tank Competition Uganda dfcu Bank Partners CR2 for ATM, Card and Payments Platform, This round of equity-led investment is a significant achievement for the team and will help us prove out our technology for global distribution. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. A pre-seed startup investment round precedes Seed and Series A rounds, and may follow funding from an angel round or a period of bootstrapping with your . Opportunity Desk Internship The Knight Fund will see Zedcrest Capital back startups that, for some reason, are finding it hard to raise a Series A round or prefer to rally a bridge round before going to the market for the venture round. They use CEO Tebogo Mokwena says this funding will help the company assess and possibly scale other African markets. Seed Funding for African Startups 2025 It allows: This financing mechanism for African start-ups in their seed phase complements all the tools available to accelerate the growth of small and medium-sized enterprises. Short Term Training Scholarship for Developing Countries 2024 These grants are offered to entrepreneurs in the country, regardless of their industry or country of origin. Many will also remember 2022 as the year of, Ventures Platform has made over 60 investments since its launch in 2016. Undergraduate Scholarships for Developing Countries Startups in this region have made significant progress in developing their product and business models. 2025 Grants for Small Business in Nigeria We are also excited to work with Plastics Pirate in Australia, who are already using our technology to clean up plastic pollution threatening the Great Barrier Reef.. We are very excited to work with CV VC as a blockchain ambassador to enable the further emergence of blockchain as a resource on which Africa can build and outreach globally.". It highlights that blockchain funding far outpaced all other sectors, 11 times. ScarabTech, a cleantech start-up, is planning many commercial projects in Africa, Asia, and Australia as a result of a seed funding round from GIIG Africa Fund, a "profit and purpose" fund. So, if you haven't yet started to apply, here is a good place to start learning about them. These organizations are committed to supporting entrepreneurs across the continent and helping them create sustainable businesses. Last year, the global economy struggled. Scholarship 4dev The tech ecosystem in Africa is growing rapidly, and many startup founders will expect to make a decent exit. Scholarship-positions.com Australia Websites Like Opportunity Desk For early-stage startups running out of money, having raised and spent several million dollars in the past couple of years, access to follow-on capital required to transition to the next growth phase is crucial. Commonwealth Scholarships for International Students 2024 Opportunity Desk Business Grants For African Entrepreneurs & Startups By providing seed funding for these startups, these institutions are able to help entrepreneurs develop their products and expand their markets. But were not just solving socio-economic issues: Were also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country.. Aside from closing 43 deals, it also increased its standard deal size to $500,000 from $125,000. The Catalyst program is led by the ABAN and Afrilabs consortium. Commonwealth Shared Scholarships 2024 Scholarships 4 Dev Loans and Grants for Small and Big Business 2023 Support, co-working spaces, networking, etc. Powerful Motivational Quotes for Students Success Quotes English Short Stories for Kids, Cabin Crew Jobs & Career Advice Secretary Job Description Receptionist Job Description Top 100 Interview Questions and Answers How to Prepare for an Interview How to Write a CV How to Choose a Career Computer Shortcut Keys and their Functions, #1 Best Opportunities for Entrepreneurs Website Scholarship for Developing Countries 2023 It's exciting to see that the record is on its way to being broken in 2022. Commonwealth Scholarship Application Portal Our objective with the African Blockchain Report is to share a data-driven account of blockchain in Africa and begin an annual collation of benchmarkable venture data and solidly referenced African insights. IPAT will provide the selected companies with funding (in the form of repayable advance) ranging between EUR 20,000 and EUR 300,000. "We focused the report on a data set of 40 African blockchain companies. The current market conditions have also seen startups such as Swvl, Vezeeta and Wave conduct layoffs. Barbee said the GIIG Africa investment will be used to help the business finalise the Beetle reference design and ready to commence commercial production by December 2023, based on the insights acquired from these projects. Tripesa began life as an online travel marketplace called RoundBob, which was forced to close as the tourism industry ground to a halt due to COVID-19. Dakar-based Mobile money provider Wave became the first Francophone African startup to be valued at over a billion dollars in 2021 on the back of a $200 million raise but cut its staff by 15% in a challenging 2022. The program offers to provide technical assistance and catalytic partnerships to 10 to 15 digital start-ups with a high investment capital impact (in the form of an equity investment, convertible debt or a SAFE investment of up to EUR 300,000), so that they can develop solutions for underserved populations on fragile and border markets. The program supports 10 to 15 African digital start-ups and gives them access to appropriate financing and expertise. Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start? Commonwealth Shared Scholarship 2024 The new platform will allow users across the continent to buy products and services using any currency and more than 160 payment methods. Commonwealth Scholarships for Masters Study Talk360s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. 2025 Business Grants The company plans to use the new funding to launch a pan-African payment platform next year and grow its VoIP market share. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh, Your email address will not be published. $20,780,000+ *Data updated daily at 18:00 EAT. 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This GIIG funding has made all of this possible, the startup said. But Algeria and Tunisia also feature in the top 10, the former boosted by a $150 million round by Yassir, one of a few African startups aiming to build a WeChat-like super app. Kenya: Call for Applications for Startup Grants Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Grants for African Entrepreneurs 2023 For growing start-ups, Catalyst provides additional financing (up to EUR 60,000) alongside the investment of a business angel. The Nigerian Startup Ecosystem Report 2022 from Disrupt Africa dives into the Nigerian ecosystem by analysing active startups, local support networks, and funding and exit activity over the last 7.5 years. Advance Africa Scholarships 2023 Global Founders Capital is a great source of seed funding for African startups. Funding Opportunities for Entrepreneurs 2023 Opportunities for Youth The company said its internet calling app has connected 2.3 million people worldwide so far this year, and attained 167% growth in customers and 130% in revenues. Advance Africa Scholarships 2025 And even though the industry is still in its early days, it has made indelible progress. Proverb Stories Grants for African Entrepreneurs 2024 Save my name, email, and website in this browser for the next time I comment. Loans and Grants for Small and Big Business 2024 ScarabTech, which was founded in 2018, specialises in the development of small-scale and extremely efficient plastic-to-energy devices known as Beetles. These machines, which were created utilising specific software algorithms and design, heat plastic waste, creating a vapour that is then caught and reconstituted into carbon-neutral fuel that can power generators and engines. Sponsored Short Courses for Developing Countries 2024 The latest round of seed funding was led by Sava, an African company that provides spend management software. Scholarship Positions Undergraduate These advances sometimes improve existing systems, but, more often than not, they leapfrog the entire legacy system. Undergraduate Scholarships for African Students 2025 Business Grants for African Entrepreneurs 2024 Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. These two professionalization and capacity building programs help you support innovative start-ups. PhD Scholarships for International Students - Fully Funded! ScarabTech was voted the African regional winner of the Environmental, Social, and Governance (ESG) Tech category at this years Global Startup Awards (GSA) Africa, which took place in Cape Town, South Africa. Local partners The management of the Digital Africa seed fund is delegated to AFD Groups local partners. Most notable in the report is the evidence of the brilliant mindset, energy, and tech capability of the many great founders who are leading the African blockchain revolution in a manner that is exemplary to the rest of the world. But its also pertinent to know where this liquidity is coming from. Available free as part of an open-sourcing initiative with industry partners, alongside the full list of 481 Nigerian tech startups. We are also very proud to give an assessment of the regulatory landscape and a magnetic introduction to some of the greatest blockchain minds on the continent." Africa's Top 21 Startup Accelerators 1. Yet in what happens to be the first time since at least early 2019, it briefly gave up the first place to Logistics & Transportation in the final . Grants for Entrepreneurs 2025 Swedish Scholarships for African Students committed to supporting African start-ups by 2022, in partnership with local partners See and/or download documents Lynk transforms the informal sector in Kenya With Andela, the best developers are also trained in Africa Digital Africa seed fund pdf Fisea+english version Size: 2.68 MB Download Preview pdf Choose Africa Brochure Size: 1.60 MB 2022. Opportunities for Entrepreneurs 2024 Opportunities for Entrepreneurs 2023 Marketforce, Mono, PiggyVest, RelianceHMO and Nomba are some notable names on its portfolio. Opportunities for African Graduates Commonwealth Scholarship 2024 AFD supports incubators, hubs and accelerators that promote innovation and entrepreneurship. Incubators, hubs and Accelerators that promote innovation and Entrepreneurship possible, US... Offered to Entrepreneurs from Africa these organizations are committed to supporting Entrepreneurs across the continent and helping them sustainable. 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