Fintech startup Fin-e Innovations raises US$300,000 to bridge funding gap of African energy SMEs

UGANDA – Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of US$300,000 from an undisclosed party in the United States. The company intends to address the glaring financing gap among local energy SMEs in Africa through an innovative platform connecting last-mile distributors (LMDs) directly with investors. This platform offers different advantages such as reducing investment risk, speeding up the investment cycle, and allowing for small ticket size investments and it will now run its pilot in Uganda, home to a buoyant energy SME eco-system, and later…

Read More

Construction-tech startup ConDigital raises pre-seed funding round

EGYPT – ConDigital, an Ethiopian construction-tech startup, has raised an undisclosed amount in pre-seed funding round to help it cement its presence at home and expand into the wider East African region. The pre-seed funding round was piloted by an angel investor in the United States of America and included other angel investors from East Africa, Asia and Europe. “We created ConDigital to serve real issues that have dire effects on our country and continent. Infrastructure is at the heart of the African renaissance; we envision that ConDigital will play…

Read More

E-logistics startup Ridelink secures US$150,000 Pre-seed funding to scale up

UGANDA – E-logistics startup Ridelink, has raised US$150,000 in pre-seed funding in a round jointly led by an investment advisory firm Ortus Africa Capital, Omidyar Network, an impact investment firm, and African Leadership Academy’s Young Entrepreneurs Fund, Anzisha. The pre-seed funding which Ridelink has raised brings its total investment to US$250,000, having drawn private investments from Seedstars in 2020. The company looks to drive down the cost of transport for Small and Medium Enterprises by connecting businesses to truck drivers through technology that facilitates the smooth running of business operations…

Read More

Property management platform Seso Global raises US$600,000 pre-seed funding round

NIGERIA – Seso Global, a property management platform, has raised a US$600,000 pre-seed funding round in its bids to build on strong initial traction to challenge Salesforce in property managing in emerging markets. Investors in the round included Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick. Founded in 2019, Seso has created a customer relation management (CRM) portal that enables property developers, agents and governments to manage their properties, documentation and transactions on a secure blockchain database.…

Read More