Browsing: Access to funding for start ups

Jobs by Kenyan startups hit 11,000 – Report

Money Deals
  • The Kenyan Startup ecosystem has employed 11,000 people according to the latest analysis by Disrupt Africa. 
  • The Kenyan Startup Ecosystem 2022 report indicates that at least 308 tech startups were in operation across Kenya as of November 2022. 
  • At least 242 Kenyan tech startups raised a combined US$1,281,918,200 between January 2015 and November 2022. 

A new report by Disrupt Africa has revealed that jobs by Kenyan startups hit 11,000 in 2022. 

The data dubbed ‘Kenyan Startup Ecosystem 2022’ indicates the jobs were created by 308 tech startups across Kenya as of November 2022. 

According to the report, these startups are also supported by a strong investment ecosystem. At least 242 Kenyan tech startups raised a combined US$1,281,918,200 between January 2015 and November 2022, a figure bettered only by Nigeria. 

By mid-November, 63 Kenyan startups had raised funding in 2022, with the country’s running total for the year standing at US$506,686,000. …

Uncap aims to Bridge the Funding Gap for African Entrepreneurs

Investing
  • Uncap, a platform for early-stage investment for African entrepreneurs invites start-ups to apply for up to 50,000 EUR in early-stage financing
  • Applicants must be limited liability companies in Kenya, Rwanda, Uganda, or Nigeria, have at least 12 months of revenue traction, and have a scalable business plan
  • The application period begins on July 18 and ends on September 16

Uncap, an award-winning platform designed to provide access to early-stage investment for entrepreneurs in Africa is inviting start-up enterprises to apply for the possibility of receiving between 10,000 EUR and 50,000 EUR in early-stage funding.

To be eligible for funding, applicants must be incorporated as limited liability businesses in Kenya, Rwanda, Uganda,  or Nigeria, have at least 12 months of revenue traction, well-kept company records, and a scalable business concept.

Applicants are welcome from any industry, not just tech. Uncap adheres to a “do-no-harm” principle and does not invest in firms …

SA deliveries startup Orderin raises US$4.7 million

South Africa

The company, founded in 2012, launched its online food ordering platform in 2013. In 2015, it launched its on-demand fast-food delivery app, becoming the first in South Africa to offer this service.

However, in 2020, Orderin officially shut down its consumer business. The brand relaunched last year as a B2B service, following successful projects helping other businesses develop their own delivery services.

The firm has provided delivery services for the likes of McDonalds and Pick n Pay.…

Success behind Kenya attracting tech start-up investment 

Small Business

Technology is changing the way people live and in Africa, innovators are living on the edge to create solutions for everyday problems and challenges. 

As the Silicon Savannah, Kenya has stood out not only because of its innovations but also due to the attraction that it has become to investors. 

In early October, Kenya was ranked alongside Singapore, the Republic of Korea, Brazil and Israel as a country that is an innovation hotspot attracting entrepreneurs and start-ups from around the globe. 

The World Economic Forum (WEF) has featured these five countries based on how each government has developed policies to support the tech ecosystem within their jurisdiction. 

For perspective, the start-up scene on the continent has been progressively dynamic over the years where the total investment in start-ups in Africa crossed the US$2 billion mark in 2019. 

Africa is witnessing a growing population which is increasingly adopting the use of

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