The African startup funding scene has taken on a more subdued pace through Q2 2025. This slowdown is especially evident with only seven major funding round announcements recorded in the first half of May. Interestingly, North African heavyweights—Nawy, MNT Halan, Konnect, iSupply, and Career 180—dominated the headlines. Dive into the details of these funding rounds below.
Nawy
Funding Round: Series A Debt and Equity ($75 million)
Investors: Partech, e& Capital, March Capital, DPI via Nclude, VKAV, and Shorooq
Founded: Egypt, 2019
Founders: Mostafa El-Beltagy, Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, and Aly Rafea
About Company
Nawy was founded with one goal: addressing Egypt’s fragmented and opaque housing market by making it more transparent and accessible. What began as a response to frustration has grown into the largest funded proptech in Africa. Nawy started as a simple listings platform but has since evolved into an ecosystem that incorporates property management (Nawy Unlocked), fractional ownership (Nawy Shares), mortgage financing, and even a tool for businesses used by over 3,000 brokerages.
What Next
The new funding will further reinforce Nawy’s efforts as it positions itself as a leading proptech in North Africa and at the forefront of redefining the real estate market in the region.
Verto
Funding Round: Prize Money ($1 Million)
Investors: Milken-Motsepe Award
Founded: 2018
Founders: Ola Oyetayo and Anthony Oduwole
About Company
Although not domiciled in Africa, Verto is a pan-African company focused on streamlining cross-border and cross-continent payments for businesses. The company’s digital solutions are designed to help businesses navigate fragmented and often overlooked currency corridors, eliminating intermediary fees and accelerating settlement times in currency exchange, especially for thinly traded currencies.
What Next
The win is a plus to Verto’s growing credibility and adds to its resource pool, enabling it to further strengthen its position in the super-competitive financial services and payments landscape.
MNT Halan
Funding Round: $49 Million
Investors: Public Debt Market
Founded: 2018, Egypt
Founders: Mounir Nakhla and Ahmed Mohsen
About Company
One of the more recent unicorns out of Africa, MNT-Halan is a fintech company established to bank the unbanked and replace cash with electronic solutions. The company offers a super app that includes a consumer-facing app, a merchant app, distributed loan and payment processing software, as well as a range of payment solutions.
What Next
This move mirrors an ongoing trend in the fintech space, where several companies are leveraging public debt markets to secure capital without losing shares. The funds are expected to be used to further solidify the company’s offerings and improve its reach across the MENA region.
Career 180
Funding Round: Undisclosed
Investors: Den VC
Founded: Egypt, 2016
Founders: Shrouk Alaa El Din and Mohamed Akmal
About Company
Career 180 is an edtech company focused on assisting individuals in transitioning into their chosen career paths with ease. The company operates a career upskilling platform featuring a learning management system designed to train individuals and prepare them for the world of work. What differentiates Career 180 is how it integrates skills training with real job pipelines through partnerships with companies, instead of just focusing on content aggregation.
What Next
The company plans to leverage the funds to scale its learning management system, make its course content more accessible for Arabic-speaking audiences, and deepen its reach across the MENA region.
Zeepay
Funding Round: Debt ($18 million)
Investors: Undisclosed
Founded: Ghana, 2014
Founder: Andrew Takyi-Appiah
About Company
Zeepay is a leading fintech company operating one of the largest remittance termination networks in Africa. The company’s solution connects international money transfer operators such as MoneyGram to mobile wallets across more than 20 countries. Essentially, the company’s solution was designed to address financial exclusion problems in the African and Caribbean markets by integrating remittances with mobile money services.
What Next
The company will invest the newly secured funds into working capital and float financing. This move is crucial to maintaining liquidity in its mobile money business.
iSupply
Funding Round: $3 Million
Investors: Bokra
Founded: Egypt, 2022
Founders: Ibrahim Emam, Malek Sultan, and Moustafa Zaki
About Company
iSupply is a medtech company aiming to digitise the pharmaceutical business across MENA. The company provides a one-stop digital shop for pharmaceutical products. Its solutions are primarily focused on helping pharmaceutical retailers predict and overcome supply chain disruptions.
What Next
The funding is expected to be invested into scaling up the company’s operations and expanding access to medical supplies for consumers across Egypt, particularly in underserved regions.
Konnect
Funding Round: Undisclosed
Investors: Attijariwafa Ventures, Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners
Founded: 2021
Founder: Amin Ben Abderrahman
About Company
Konnect is a fintech company that operates a digital financial platform designed to simplify financial management for users, particularly unbanked individuals in rural communities, with the aim of addressing barriers to financial access in those areas.
What Next
The funding will enable Konnect to scale its operations and expand its services to bring financial inclusion to underserved areas in North Africa.
Startup and Business Funding Opportunities
AU Youth Startup Programme
The African Union Youth Startup Programme is designed to support young African innovators by providing a platform to grow and connect with key players in their industries across Africa and beyond.
As part of the IATF 2025 in Algiers, selected startups will have the opportunity to showcase their solutions, engage with potential investors, participate in training and mentorship sessions, and contribute to advancing the AfCFTA agenda.
Get more information on the opportunity here.
UNESCO International Fund for Cultural Diversity 2025
UNESCO has opened its sixteenth call for applications to the International Fund for Cultural Diversity (IFCD), aimed at supporting projects that empower the creative sectors.
Applicants are invited to submit solutions with a direct or structural impact on the creation, production, distribution, and access to diverse cultural goods and services. Proposed solutions should also demonstrate the potential to strengthen the capacities of public institutions and civil society organisations.
Get more details about the opportunity here
Youth4Climate Call for Solutions 2025
The Youth4Climate Call for Solutions is an innovation challenge designed to identify and support climate action projects led by youth and youth-led organisations. The program seeks to fund new and existing youth-driven solutions tackling climate challenges.
Successful applicants can receive up to $30,000 in seed funding, along with additional benefits such as mentorship, capacity-building workshops, networking opportunities, and project pitching sessions.
Get more details about the opportunity and apply here
