INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 43, 2025
Here are the venture funding activities we tracked in the Middle East and African region this week – including Spiro, Moniepoint, Locstat, Julaya, SehaTech and Nanovate
It’s been another powerhouse week across Africa and the Middle East, as investors poured hundreds of millions into startups tackling some of the region’s toughest challenges from clean mobility and fintech to next-gen AI.
Leading the pack, Kenya’s mobility startup Spiro raced ahead with a massive $100 million raise to fuel its mission of providing affordable, accessible mobility to the masses. Also, Africa’s fintech unicorn, Moniepoint followed suit, securing $90 million in a Series C funding completing a $200 million raise to scale its suite of financial tools for 10 million businesses and individuals across Africa.
Further south, South African AI startup Locstat closed $2.3 million in a pre-Series A round to expand its data analytics and decision intelligence platform into the UK and EU markets. Over in Côte d’Ivoire, fintech company Julaya secured $1.4 million to accelerate its regional expansion, support new product development, and scale client acquisition as it continues redefining digital payments for African enterprises.
Moreso, Egypt-based Insurtech SehaTech raised $1.1 million in a seed round to advance its AI-driven health insurance platform across Africa.
And rounding off the week, Cairo-based Nanovate raised $1 million in pre-seed funding to make AI more accessible to Arabic-speaking businesses. Its focus on localized natural language models and enterprise integrations (like CRMs and ERPs) is opening a new frontier for AI in Arabic.
From fintech and clean mobility to artificial intelligence, this week’s funding streak underscores how fast innovation is moving across Africa and the Middle East and how investors are betting big on startups shaping the continent’s digital, financial, and sustainable future.
