H2H Repairs has announced that it has formed a 50-50 joint venture with a company from Ghana called CEGA Repairs to further expand business in the African nation. The statup was founded in 2016 and aggregates home repair service and maintenance professionals. Alok Dixit, CEO of H2H Repairs said, “We have also started home repair… Read More »
On Thursday, announced it has reached the 50 million paid subscribers milestone, growing 25 percent in less than six months and extending the Swedish music streaming service’s lead over its closest rival, Apple Music. This means that Spotify gained 20 million subscribers in a single year, and has is more than twice the audience size of… Read More »
Edtech startup Nearpod has closed $21 million in its, Series B funding round bringing the total to 30.2 million of funds raised to date. The round was led by Insight Venture Partners, Reach Capital, GSV Acceleration, Krillion Ventures and AGP Miami. This latest round of funding will support the demand from teachers seeking VR and… Read More »
South African Fintech startup, Yoco has raised an undisclosed amount of funds from foreign based investors – US-based Quona Capital and Netherlands-based Velocity Capital – in a Series A funding round to aid its expansion across Africa and launching of new tools. Launched in 2015, Yoco is on a mission to empower the growth of entrepreneurial… Read More »
BriteCap, a new platform for connecting job seekers and employers, took top honours at the first SAP Start-Up@RISE Africa event in Cape Town. SAP Start-up@RISE Africa is an initiative by SAP Africa and Barclays Africa’s Rise Cape Town; it forms part of the Global SAP StartUp Focus initiative that began in 2012 and kicked off… Read More »
One of the largest e-commerce companies on the continent with a valuation of about $1.1 billion Africa Internet Group (AIG) has raised $245 million in one of the largest fundraising rounds by an African-focused tech firm. The funding which was announced on Thursday comes from U.S. investment bankers Goldman Sachs, French insurance multinational AXA, German… Read More »
On Wednesday, Cisco Systems Inc announced that it was buying Jasper Technologies Inc, an IoT (Internet of Things) startup that that makes it easier for enterprises to connect their products through the cloud for $1.4 billion in cash and equity awards, its largest acquisition since 2013. During the announcement, executives for both companies said the… Read More »
Microsoft has London-based startup SwiftKey famed for their predictive keyboard mobile app in a deal worth an estimated $250 million. In a statement on the company’s blog, founders Jon Reynolds and Ben Medlock, wrote: ‘We’re excited to announce an important milestone on SwiftKey’s journey. The startup, which makes keyboard apps for Android and iOS devices acquired… Read More »
Mobile messaging app WhatsApp on Tuesday announced that it has crossed the billion user milestone globally, with an addition of 100 million users in the last five months. “As of today, one billion people are using WhatsApp. That’s nearly one in seven people on earth who use WhatsApp each month to stay in touch with… Read More »
Hong Kong-based fintech innovation WeLab nabbed $160 million financing setting a new benchmark for the city’s bustling startup scene. This funding at a valuation estimated at near $1 billion comes well-timed as a week-long flurry of startup events coordinated by Hong Kong’s promotion agency InvestHK tagged StartMeUpHK kicks off with Silicon Valley’s heroic inventor Elon Musk as the… Read More »
