B2B e-commerce Capiter raises US$33m Series A funding round for its expansion plan

EGYPT – Capiter, a B2B e-commerce startup which brings together manufacturers, brands, wholesalers and retailers on one platform, has raised a US$33 million Series A funding round to power its rapid expansion into digital financial services and additional markets. Capiter is planning on providing more digital financial services and expanding into overseas markets after raising a US$33 million Series A funding round, led by fintech-focused venture firm Quona Capital and MSA, an independent and interdisciplinary investment company. The round also features Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and…

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B2B startup Sabi secures seed funding round to expand its network across Nigeria

NIGERIA – Sabi, a B2B startup serving Africa’s informal sector, has secured a seed funding round as it announces the milestone of over 150,000 small business users on its platform. According to the startup, the raised fund will be deployed in growing its network across Nigeria, thus onboarding new sales merchants. The funding round saw backing from investors including Atlantica Ventures, CRE Ventures, Waarde and Janngo Capital. IT has now closed a seed round with backing from investors including CRE Ventures, Janngo Capital, Atlantica Ventures, and Waarde Capital. Sabi is…

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E-commerce startup Plendify launches B2B marketplace for African suppliers

GHANA – Plendify, an e-commerce startup, has launched a business to business (B2B) e-commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers. Plendify is a Pan-African B2B Marketplace for small and large African wholesalers, manufacturers, exporters and importers. The startup also provides a business directory of leading suppliers in Africa and also enables buyers to receive quotes directly on the platform. Suppliers can also buy and sell from each other in bulk, find quality products from trusted suppliers and receive competitive quotes. “This has…

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Fintech enabler Ukheshe Technologies on global expansion

SOUTH AFRICA – Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations globally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe, and Asia Pacific.  The move comes on the back of several successful high-profile projects and partnerships in various African countries including Kenya, Zimbabwe, Zambia, Namibia, Nigeria, Malawi, Botswana, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Mozambique, and Ghana. In addition to collaborating with numerous blue-chip banks, telcos and…

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B2B e-commerce app Chari.ma to expand internationally after positive growth

MOROCCO – Chari.ma, a Business to Business (B2B) e-commerce app allowing traditional proximity store owners in Morocco to order products and have them delivered, has announced plans to expand internationally this year after seeing strong growth in its launch market of Casablanca, reports Disrupt Africa. Launched early 202, Chari.ma has already signed up 10,000 shops as customers, 50 per cent of the proximity stores in the city. Ismael Belkhayat, who co-founded the startup with his wife Sophia, said the startup was targeting a wider opportunity, however. “This is how we…

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