About 20 startups are currently listed on its platform and over $400,000 has been invested on the platform. A small number of other organizations and foundations are also stepping up to help African startups grow. 1 min read January 18, 2023 Members. 2025 Grants for Small Business in Nigeria PhD Scholarships for International Students - Fully Funded! Hiine, who co-founded the startup with Hans Osnabrugge and Jorne Schamp in 2016, hopes to tap the payment platform to enable more people across the continent to make international calls through its app. Grant Opportunities for Entrepreneurs 2023 Scholarships for Africans From 55 startups successfully funded in 2015 to 359 in 2020, Africa appears to be at the dawn of a startup revolution, with the ecosystem growing at a 46% annual rate, which is six times faster than the global average, according to BCG. Dean Hiine, the startups co-founder and managing director for Africa, told TechCrunch that existing digital payment methods in Africa are scattered and some involve lengthy and complex processes, affecting its conversion rate. Websites Like Opportunity Desk Africa's Top 21 Startup Accelerators 1. ), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. Y Combinator, a US-based seed-stage accelerator, is a household name in Africas startup space. Opportunities for Entrepreneurs 2025 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 . These advances sometimes improve existing systems, but, more often than not, they leapfrog the entire legacy system. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Reddit (Opens in new window). Opportunity Desk 2025 Postgraduate Scholarships for Developing Countries "Standard Bank has been a pioneer in leveraging blockchain to bring speed and transparency to our customer base across Africa. Global Founders Capital is a great source of seed funding for African startups. 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speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh, Your email address will not be published. It looks at the underlying revolutionary blockchain movement, set to enable Africa to transact and interact for the wellbeing of its people and economies. 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,. Business Grants for African Entrepreneurs 2025 They enjoy large market opportunities and boast high growth rates . 2025 Opportunity Desk 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. Opportunities for Entrepreneurs 2024 The fund says it expects the negative impact on venture funding to accelerate in the second half of this year as global investors revert to pre-COVID investment deployment levels, taking months to close deals and focusing on backing startups with strong unit economics. 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 South African batsman Amla announces retirement at 39, OECD sees revenue gains from new tax pact reaching $250bln, China is reshaping the Belt and Road Initiative ahead of a post-pandemic era. Opportunities for African Entrepreneurs Start-ups to access financial support of up to EUR 300,000. We invested more into Talk360 based on its strong progress in the South African market to date, as well as its potential in the rest of Africa. As the global. Commonwealth Shared Scholarship 2025 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. Grants for African Entrepreneurs 2023 Scholarship for Developing Countries 2025 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. The African Business Angel Network (ABAN) is a pan-African non-profit association. 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. 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. Scholarship Positions Undergraduate 2024 Business Grants Masters Scholarships for African Students 2023 And since then, it has been one of Africas most active startup investors. This fund will be given along with mentorship support and Google platform credits to help the startups grow. witnessing more VC investments in H1 2022. 8. They use Odusote Mayokun. The Tony Elumelu Entrepreneurship Programme has a mission of empowering young Africans to create jobs and create businesses. Despite the continent witnessing more VC investments in H1 2022 compared to H1 2021 (an estimated $3 billion pumped according to several data trackers), it has yet to mint a single unicorn after eight months. 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. Startups raised $4.6 billion in 2021 itself a record year. They have real potential in terms of job creation and impacts on Africas development. 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. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc. Nigerian startup GetEquity launched in 2021 with pre-seed backing from GreenHouse Capital. And from last years data, we see that even a tech winter did not stop them from deploying capital to the continent. A Google for Startups initiative giving access to funding to Black-founded startups in Africa. Commonwealth Scholarship 2025 Once the company has its start-up funding, it will start growing fast and attracting customers. 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.. After several years over year and quarter over quarter, the African Fintech sector continues to represent the majority of funding raised on the continent in 2022. AFD works with 4 partners that are experts in supporting and financing digital innovation in Africa: the consortium made up of the African Business Angels Network (ABAN) and AfriLabs, the Greentec Capital Africa Foundation, the association Entrepreneurs & Dveloppement, which draws on the capacities of the Investisseurs & Partenaires group, and the Mercy Corps Europe Suguba consortium. 2 min read The news After raising $550,000 in a pre-seed round, Nigerian fintech startup, Pivo, has followed it up with $2 million in seed funding. Here are the top 10 investors in African startups by the number of deals closed in 2022. Opportunity Desk 2023 The biggest tech hubs kept their strong leads with Nigeria and Kenya each topping a billion dollars in funding. AUC Venture Lab 5. In October 2021, Payday raised a $1 million pre-seed fund to "build PayPal for Africa". 2022. The program is led by the association I&P Entrepreneurs et Dveloppement, which supports African entrepreneurs. So far, our analysts have tracked over $200 million worth of disclosed fundraising deals. Across the east African region, only 10% of all funding for startups went to local founders, according to a 2017 study by Village Capital. Opportunities for Africans 2024 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. Akiba Digital's longer-term plans are ambitious and worth keeping an eye on. Available free as part of an open-sourcing initiative with industry partners, alongside the full list of 481 Nigerian tech startups. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. If you are a hub, incubator or an entrepreneur seeking support and financing, you can directly contact our local partners. . Short Term Training Scholarship for Developing Countries 2023 Kenya: Call for Applications for Startup Funding The app has active users in more than 170 countries, including South Africa, Zimbabwe and Bangladesh. Scholarships for Developing Countries 2023 Acting as a window, each partner offers a specific program and activates their own financial instruments to implement the fund locally. Local partners The management of the Digital Africa seed fund is delegated to AFD Groups local partners. The technology aims to address the growing impact of single-use plastics on the health of both local communities and the environment, while also providing a sustainable source of energy and job creation to address energy poverty and power micro-economies in underserved communities throughout Southern Africa and the world. Short Term Training Scholarship for Developing Countries 2024 For context, African startups could barely raise $300 million in equity funding between April and May 2022. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Some African startups have attracted interest from Silicon Valley venture capital firms. 2021 Innovating Justice Challenge: 10,000 Non-equity Seed Funding. 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. 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. "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. 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. As a result, global startup funding was slow. Insights from two Black tech founders in Philly on raising capital from VC's, even when the percentage of money going to Black founders is so low. Application Deadline: May 31st, 2022. As a result, innovation is blessed with a clean slate on which to paint, and progressive advances seem to follow. Context In May 2018, during the Vivatech Digital Rendez-vous, the French President, Emmanuel Macron, announced a French commitment of EUR 65m for African start-ups and the launch of the Digital Africa initiative. Funding African Businesses - Free Grant Money For Anything 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. Now, we aim to expand our portfolio of real-world commercial projects, with partners like French-based Plastic Odyssey, a global expedition that uses our Beetle on their ship to show people around the world how to add value to plastic pollution. 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The Johannesburg-based venture firm has invested in many well-known startups such as BuuPass, Zuri Health and Zazuu. 1. Digital Africa funds Under this initiative, Agence Franaise de Dveloppement (AFD) is making the EUR 15m Digital Africa seed fund available to innovative African start-ups. Scholarships for Africa The silver lining has been the self-fast-tracking of Africas digital and tech economy. scholarships for Developing Countries in Africa Scholarship for African Students in Europe Opportunities for Africans 2023 This has already bolstered resilience as a road map to how and why the world needs to embrace blockchain as a transformative technology. Start-up support structures (incubators, accelerators and hubs) to build their capacities and become more professional. Support, co-working spaces, networking, etc. If not, they can cease to exist for instance, Kenya-based food startup Kune. To find our venture capital fund and incubator partners closest to you, please select your location. Founders Factory Africa closed 18 deals in 2022, ranking it ninth among Africas top investors. JICA Business Funding for African Startups and Businesses Journalism and Media Innovation Reporting Grants in Africa KCDF Giving For Change Grants in Kenya LeadTech Grants for African Female Entrepreneur Loans and Grants for Small and Big Business MICF Business Grants in Malawi for Economic Resilience and Recovery Many will also remember 2022 as the year of mass layoffs. The immediacy of existential threats as experienced by Africans requires a different pace. - 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. African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. Last year, the global economy struggled. Most investors are not writing checks right now. Business Insider Africa presents 10 African startups that have sealed the largest funding rounds in January 2022. 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. 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. Dedicated to boosting the contribution of the private sector to the continent Founders Africa..., we see that even a tech winter did not stop them deploying! 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