PaidHR, a Nigerian startup that’s making HR smooth and easy, is in talks with investors to raise $1.5 million in a seed round according to Techcabal. This comes after they processed a hefty ₦11 billion in salaries last year and raised $500K back in February 2023 from big-name investors like Zrosk IML, Zedcrest Capital, and…
Yellow Card has raised $33 million to help its business grow across Africa. This funding round was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. With this, Yellow Card has now raised a total of $88 million,…
Kofa Technologies, a Ghanaian startup specializing in clean and portable battery solutions, has partnered with PASH Global to expand its battery-swapping network across Ghana. This initiative aims to deploy 6,000 batteries and establish up to 100 swap stations, providing reliable energy access and supporting the transition to clean energy and the widespread adoption of electric…
Userguest, a Moroccan technology company founded in 2018, has raised €2.2 million (about $2.4 million) in seed funding. The startup’s innovative platform helps hotels increase direct bookings and revenue through automated, personalized messaging. Al Mada Ventures led the investment round, joined by CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, and business…
Nigerian fintech company Rise has made a strategic move in the East African market by acquiring Hisa, a Kenyan investment startup. As reported by TechCabal, This marks Rise’s second acquisition within a year, following approval from Kenya’s Capital Markets Authority (CMA). The acquisition allows Rise to expand its operations into Kenya while maintaining Hisa’s brand…
Chpter, a Kenyan e-commerce startup founded by former Marketforce executives, has raised $1.2 million in pre-seed funding. The funds will be used to enhance its technology and expand operations into Egypt and Nigeria. Founded in 2022 by Tesh Mbaabu, Mesongo Sibuti, Kuria Kevin, and Mark Kiarie, Chpter transforms social media into a sales platform with…
