Backed by $1 million, Zazu is building a Mercury-style banking experience for African SMEs
Zazu raised $1 million in pre-seed funding to accelerate its rollout in South Africa and Morocco. The funding round included participation from Plug and Play Ventures and several fintech founders.
DisrupTech Ventures invests in Morocco’s YC-backed Chari to deepen fintech push
Chari raised an undisclosed amount from DisrupTech Ventures as part of its Series A extension round. In October, Chari raised $12 million in a Series A round led by SPE Capital and Orange Ventures.
Africa’s next billion-dollar startups will come from fixing the invisible systems of commerce
Investment in Africa's e-commerce sector has reached $2.27 billion since 2019, with a significant portion directed towards retail tech. Venture firms are now focusing on B2B solutions that address critical operational problems rather than consumer-focused startups.
Japanese VC Uncovered Fund Commits $20M to African Startups
Uncovered Fund has unveiled a new $20-million investment fund in collaboration with Monex Ventures. The UMAIP fund plans to invest in startups across Africa and the Middle East.
10 Startups to Watch in 2025 in North Africa
Chari, a Moroccan startup, is revolutionizing retail with a B2B e-commerce platform that supports over 20,000 small grocery stores. MaxAB in Egypt has merged with Wasoko, creating Africa's largest informal retail network, supporting over 450,000 merchants.
