> ## Content Index > Fetch the complete content index at: https://www.techloy.com/llms.txt > Use this file to discover other available public pages before exploring further. # Weekly Roundup: African tech news and startup deals - URL: https://www.techloy.com/weekly-roundup-african-tech-news-and-startup-deals-4/ - Published: 2022-01-21T20:25:00.000Z - Updated: 2022-04-18T19:26:45.000Z - Author: Techloy - Tags: Tech in Africa, / Startups, / Money, Roundup Here are the technology news, startup, and VC deals we tracked across the African region this week. - πŸ‡ͺπŸ‡¬ Cairo-based fintech unicorn **Fawry says it plans to raise $50.8 million** of growth capital through a rights issue to existing shareholders, to be used to fund its expansions in financial services for both consumers and merchants. - πŸ‡°πŸ‡ͺ Kenyan fintech startup **Zanifu**, which provides short-term stock financing to MSMEs in Kenya, **secured $1 million in a seed funding** round from Saviu Ventures, Launch Africa Ventures, Sayani Investments, and a number of angel investors. - πŸ‡ΈπŸ‡³ Senegalese logistics startup **PAPS**, which boasts over 10 million deliveries across Senegal and Ivory Coast, **has raised $4.5 million** in a pre-Series A funding round co-led by 4DX Ventures and Orange, to expand into other French-speaking markets in West Africa. - πŸ‡²πŸ‡¦ Morocco-based B2B e-commerce and fintech startup **Chari has closed an undisclosed bridge round** led by the Saudi-based venture capital fund Khwarizmi Ventures (KV), AirAngels (Airbnb Alumni Investors), and Afri Mobility, at a valuation of $100 million, to pilot its buy now pay later (BNPL) services with grocery stores in Francophone Africa. - πŸ‡ΏπŸ‡¦ South African mobile game publisher **Carry1st** **has closed a $20 million** **investment** led by Andreessen Horowitz, with Avenir, Google, Chipper Cash, and a host of angel investors participating. - 🌍 German development bank **KfW is investing $5.7 million into an accelerator program Chapter54** in partnership with Partech Shaker, the innovation division of Paris-based VC firm Partech Partners, to help European scaleups and startups expand into Africa. - πŸ‡³πŸ‡¬ Nigerian developer-tooling startup **Frain Technologies has raised $473,000** in a pre-seed funding round led by Rally Cap Ventures, to enable it to continue to build its flagship product, Convoy. - πŸ‡°πŸ‡ͺ Kenya-based B2C e-commerce company **Copia Global has raised $50 million** in a Series C equity round led by Goodwell Investments, bringing its total funding to date to $103 million, to expand into other markets. - πŸ‡³πŸ‡¬ Nigeria-based women-led credit-focused fintech startup **Pivo**, which provides SMEs in the supply chain industry with access to financial services, **has raised an undisclosed amount** of funding from early-stage VC firm Microtraction. - 🌍 Fintech platform **Finclusion Group**, which is building a credit-led neobank in Africa, has **raised $20 million** in a debt and equity pre-Series A round, to fuel its expansion into Mozambique and Uganda and to grow existing operations across Eswatini, Kenya, South Africa, and Tanzania. - πŸ‡°πŸ‡ͺ Kenyan-focused low-cost ISP **Poa Internet raised $28 million** in a Series C funding round led by Africa50, backed by the Africa Development Bank. - πŸ‡³πŸ‡¬ Nigerian restaurant management platform **Orda** (formerly StarKitchens) has **raised $1.1 million** led by LoftyInc Capital to be a cloud-based restaurant operating system for African chefs and food business owners. - πŸ‡ΊπŸ‡¬ Ugandan asset financing startup **Asaak**, which offers motorbike financing to operators, has **raised $30 million** in a pre-Series A equity and debt funding round. - πŸ‡ͺπŸ‡¬ Egyptian edtech startup **Orcas.io,** which provides K-12 students with live one-on-one tutoring sessions, has **raised $2.1 million** in a pre-Series A funding round co-led by CIRA’s NFX Ventures and Access Bridge Ventures, to expand into Pakistan. - πŸ‡¬πŸ‡­ Ghanaian fintech startup **Float**, which provides credit lines for businesses in Nigeria and Ghana, has **raised $17 million** in equity and debt funding co-led by Tiger Global and JAM Fund to launch in Kenya and South Africa. - πŸ‡ͺπŸ‡¬ Egypt-based foodtech startup **3attar** has **raised an undisclosed seed investment** from AUC Angels, UI Investment, and a group of angel investors to continue its growth and expand into other markets. - πŸ‡³πŸ‡¬ Techstars-backed Canadian-based company [**Periculum**](https://www.techloy.com/canadian-fintech-launches-in-nigeria-to-build-credit-assessment-infrastructure-for-africa/), which raised $620,000 in a pre-seed funding round back in October 2021, **officially launched today in Nigeria** on a mission to build the financial infrastructure that would help in addressing the issue of access to financial services. --- *[The Draft](https://www.techloy.com/tag/the-draft/)* provides a weekly roundup of the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East. 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