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Nigerian startup Payhippo has raised US$4 million in pre-Series A funding and rebranded to Rivy, focusing on AI-powered lending for Africa’s renewable energy sector. Since pivoting in 2023, Rivy has disbursed over US$2 million in clean energy loans, aiming to enhance access to solar power in underserved communities. The funding will support Rivy's growth and partnerships, addressing the critical need for clean energy in a region where over 600 million people lack reliable electricity.
Presight has launched an AI Startup Accelerator in the UAE, offering up to $200,000 in support to AI-driven startups, with applications open until April 10, 2025. The six-month program provides market access, mentorship, and financial resources to help startups scale their innovations across 15 countries.Meanwhile, UAE-based fintech enza has raised $6.75 million to enhance Africa's digital payments landscape, focusing on financial inclusion through its cloud-native technology. Additionally, Yango Group has introduced a $20 million venture fund, Yango Ventures, aimed at empowering early-stage startups in emerging markets, including MENA, by providing capital and strategic support.
Coherent Market Insights, headquartered in India with offices in the U.S., UK, and Japan, provides reliable market reports across various sectors in over 57 countries. Their research on the Cell Therapy Manufacturing Market includes insights on market dynamics, competitive analysis, and growth potential, aiding clients in informed decision-making and strategic planning. The report highlights key trends, driving factors, and profiles of major players, ensuring clients stay updated on industry developments.
UAE-based fintech enza has raised $6.75 million in seed funding to enhance Africa's digital payments landscape, focusing on financial inclusion through its cloud-native technology. With operations in Egypt, Nigeria, and South Africa, enza aims to expand its reach and innovate payment solutions for local markets.Meanwhile, Yango Group has launched a $20 million venture fund, Yango Ventures, to support early-stage startups in emerging markets, including MENA and Africa. The fund seeks to empower entrepreneurs with resources and mentorship to drive community transformation and economic growth.
African startup funding dropped sharply from 406 in 2023 to 200 in 2024, marking a second consecutive year of decline amid a global capital shortage. Despite this downturn, the "Big Four" tech hubs—Nigeria, Egypt, Kenya, and South Africa—continued to attract the majority of investments, while fintech funding also saw a decline. However, signs of recovery emerged in late 2024 and early 2025, offering hope for improved funding prospects.
Nigeria remains open to cryptocurrency business despite its tumultuous history with digital currencies. The country is navigating the complexities of the crypto landscape, indicating a willingness to embrace innovation while addressing regulatory challenges. This approach reflects a broader trend of adapting to the evolving financial ecosystem.
Kenyan logistics startup Leta has secured $5 million in seed funding to enhance its AI-powered platform and expand into new African markets, including Rwanda and Mauritius. Founded in 2022, Leta has achieved significant growth, handling 4.5 million deliveries and managing 7,400 vehicles, while helping major brands like KFC and EABL reduce costs. The investment, led by Speedinvest with participation from Google’s Africa Investment Fund, will support the startup's mission to optimize supply chains for businesses across the continent.
Cascador is launching a $2 million Catalytic Fund to support mid-stage entrepreneurs in Nigeria, addressing the critical funding gap they face. The fund aims to empower alumni companies with essential financial resources, fostering sustainable growth and innovation within the African tech ecosystem. Applications are open until March 13, with finalists presenting at a Pitch Day on May 14, 2025, where innovation prizes will also be awarded.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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global insights into cell therapy manufacturing market trends and opportunities
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