B2B startup Talabeyah raises pre-Seed round to scale its operation

EGYPT – Talabeyah, a Cairo-based startup that provides B2B e-commerce services for food and groceries, has raised a seven-figure pre-Seed round from strategic angel investors.   The startup, which was launched in July 2020 by Karim Nassef, Amr Abbas, Khaled Hussein, and Adel Hodroj, has leveraged its supply chain model and purchase experience by establishing a customer-centric business, due to its founders’ extensive experience in the FMCG industry.   Barakat said the round will help scale the startup’s operations, further build the technology, and leverage the use of AI and machine learning algorithms utilising the collected data…

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Chekkit Technologies startup raises US$500,000 pre-seed round

NIGERIA – Chekkit Technologies, a Lagos-based drug anti-counterfeit startup, has announced the close of their first institutional investment, a US$500,000 pre-seed round that included Launch Africa, Japan Strategic Capital, Blockchain Founders Fund, and two syndicate groups of angel investors.  The round was completed with a grant from the Orange Corners initiative. The cash will be used for product development, as well as expanding their existing anti-counterfeiting and consumer interaction solutions and developing comprehensive supply chain tracking and infrastructure optimization technologies. “The funds raised will enable us to directly protect up…

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Fintech Wapi Pay raises US$2.2m pre-seed to diversify product range and drive growth

KENYA – Wapi Pay, a payments gateway for African businesses based in Singapore and headquartered in Kenya has raised US$2.2 million in pre-seed funding to scale up global payments and remittances between Africa and Asia. Founded in 2019 by brothers Paul Ndichu and Eddie Ndichu, Wapi Pay provides a payments gateway for African businesses to receive and send money from Asia via mobile money platforms and bank accounts. According to the World Bank, it is more expensive to send money to sub-Saharan Africa than to any region in the world and is also the most…

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Fintech startup Pass raises pre-seed round in its expansion plan

NIGERIA – Fintech startup Pass has announced that it has embarked on a major operational expansion with the raising of pre-seed round that included angel investors from across US, Dubai and Nigeria. Pass is a technology company that is improving the online shopping experience by making the process of checking out easy and seamless for online shoppers through its one-click checkout platform. It was founded by Eze Samuel, a second time founder; with the goal of making online shopping easy, seamless, and fast for buyers of goods online, by reducing…

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