Funding Archives

Ugandan Fintech, Emata, Raises $2.4m to Expand its Agri-loan Services to East Africa

Emata, a pioneering fintech and microfinance firm based in Uganda, has successfully secured $2.4 million in a seed funding round. The funds, which include $800,000 in equity and $1.6 million in on-lending

September 14, 2023

Entrepreneurship·Technology & Innovation·The Big Story

BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans require an

September 13, 2023

Banking & Financial Services·East Africa·Entrepreneurship·Technology & Innovation·The Big Story

Fluent in fintech- Stone Atwine, Eversend's CEO and Founder

How Stone Atwine Grew Eversend to 500,000 Users with Just USD1.2M in Funding

A startup, in its broadest sense, is a young, ambitious company that is in the initial stages of its business operations. These companies are typically driven by a unique business idea or

July 31, 2023

Entrepreneurship·Executive Profiles·News & Analysis·Technology & Innovation·The Big Story

Ugandan Startup, Zofi Cash, raised $1m in May. Raising funding requires founders to have cleared a good number of metrics.

Ten Key Things Ugandan Startups Must Consider Before Raising Funding.

The entrepreneurial landscape in Uganda has witnessed a remarkable upsurge, with a proliferation of startups offering innovative solutions to local and global challenges. This burgeoning ecosystem has been fueled by a combination

July 31, 2023

Business & Markets·Entrepreneurship·Technology & Innovation·The Big Story

CEO East Africa Explains: Venture Capitalists Invest in Startups, But How Do They Make Money?

On a regular basis, tech publications are awash with stories of startups raising funding from investors, who more often than not, are venture capitalists. This type of funding is called venture capital,

July 24, 2023

Business & Markets·Entrepreneurship·Technology & Innovation

Hindsight Ventures Partners Ajay And Jagruti Bista

Inside Hindsight Ventures’ Big Plans for Uganda and Africa.

India is arguably the world’s third biggest startup ecosystem behind the USA and China. But much of India’s boom has happened within the last two decades. Between 2013-2020 Jagruti Bista and Ajay

July 17, 2023

Business & Markets·Entrepreneurship·News & Analysis

Rocket Health Co-Founder and CEO, Davis Musinguzi.

Davis Musinguzi: The King of Telemedicine.

In 2022, Ugandan startups raised $70 million according to Africa: The Big Deal data. One of the standout deals that year was raised by Rocket Health, a telemedicine startup that secured $5

July 17, 2023

Entrepreneurship·Technology & Innovation·The Big Story

A group of SafeBoda Drivers. SafeBoda is one of Uganda's Most Funded Startups.

CEO East Africa Explains: What Are Startup Funding Rounds?

2022 was a good year for startups in Uganda. Startups here raised $70m across that year according to Africa: The Big Deal data. Some of the standout deals that year included Rocket

July 14, 2023

Business & Markets·Entrepreneurship·Technology & Innovation·The Big Story

African Startup Funding Declines by 70% in June 2023.

Startups raise funding for various reasons that are essential for their growth and success. Firstly, funding provides the necessary capital to support and accelerate the growth of startups. It enables them to

July 3, 2023

Entrepreneurship·News & Analysis·Technology & Innovation·The Big Story

Ugandan Hardware Startup, Yunga, Makes it to the Finals of the Africa Prize for Engineering Innovation.

Ugandan startup, Yunga Technologies, has made it to the finals of the Africa Prize for Engineering Innovation organized by the Royal Academy of Engineering in the UK. Yunga is now in line

June 10, 2023

Entrepreneurship·Executive Profiles·Technology & Innovation·The Big Story

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