While it’s still early days, the African startup ecosystem seems set to experience a remarkable resurgence in 2025. Just this week, there were 11 announced funding deals across Africa. The early signs are encouraging and provide a good reason to believe this would be an amazing year for emerging tech solutions in Africa.
As the African tech ecosystem continues to thrive with startups in various sectors securing significant investments, let’s take a detailed look at the latest funding rounds:
Sistema.bio
Funding Round: $3.5 million
Investors: Novastar Ventures.
Founded: 2010, Kenya.
Founders: Alex Eaton and Camilo Pages.
About the Company
Sistema. Bio specialises in biogas technology solutions for smallholder farmers. The company operates biodigesters that convert organic waste into renewable energy and fertilizers, promoting sustainable agriculture and environmental conservation. The company also contributes to poverty alleviation by providing financing for farmers.
What’s Next?:
The funding will enable Sistema.bio to expand its biogas technology as well as scale its operations in Kenya and other African markets, enhancing access to renewable energy solutions for rural communities.
CreditChek
Funding Round: Undisclosed
Investors: The Baobab Network.
Founded: 2021, Nigeria.
Founders: Kingsley Ibe and Lionel Orishane
About the Company:
CreditChek provides credit assessment tools to financial institutions. The company operates a digital infrastructure that aggregates and analyses data to offer insights into borrowers’ creditworthiness, facilitating informed lending decisions.
What’s Next?:
Baobab Network’s investment is a show of confidence in CreditChek’s potential to scale. With the new investment, CreditChek plans to enhance its technology infrastructure and expand its services across Nigeria, aiming to improve credit access and financial inclusion.
Washminute
Funding Round: Pre-seed ($600,000)
Investors: Witamax, Tamwilcom, and the Near East Foundation.
Founded: 2024, Morocco.
Founders: Jean Baptiste Kouatche and Ishak Afrit.
About the Company:
Washminute is a cleantech startup that offers eco-friendly, low-water car wash solutions. The company seeks to address the water scarcity problem in Morocco with its water-efficient car-wash technology designed to help car owners clean their vehicles with the most minimal amount of water.
What’s Next?:
Washminute is currently on an expansion streak, having recently scaled its operations across Casablanca, Marrakech, and Agadir, the company plans to keep expanding its operations in Morocco, while also enhancing its technology platform, and growing its customer base.
SeamlessHR
Funding Round: Series A extension ($9 million)
Investors: The Gates Foundation and Helios Digital Ventures.
Founded: 2018, Nigeria.
Founders: Emmanuel Okeleji and Deji Lana.
About the Company:
SeamlessHR offers cloud-based HR and payroll software solutions. The company’s digital infrastructure is designed to streamline HR processes, including recruitment, performance management, and employee data management, for businesses across Africa.
What’s Next?:
With plans to scale its embedded finance offering, the additional funding will enable SeamlessHR to accelerate product development, enhance customer support services, and expand into new African markets, solidifying its position as a leading HR technology provider in Africa.
MoneyHash
Funding Round: Pre-Series A ($5.2 million)
Investors: Flourish Ventures, Vision Ventures, Xelerate, Emurgo, Kepple Ventures, and Jason Gardner.
Founded: 2021, Egypt.
Founders: Nader Abdelrazik and Mustafa Eid
About the Company:
MoneyHash provides a unified payment and financial operations platform for clients. The company’s solution simplifies payment processing, revenue operations, and financial data management for businesses, integrating multiple payment methods and providers into a single system.
What’s Next?:
The investment will support MoneyHash in expanding its product offerings, enhancing platform security and compliance features, and growing its presence across the Middle East and Africa.
Sevi
Funding Round: Undisclosed
Investors: Renew Capital.
Founded: 2018, Kenya.
Founders: Walter aan de Wiel and Bartel Verkruijssen
About the Company:
Sevi offers micro-lending services to small and medium-sized enterprises (SMEs). The company uses a combination of artificial intelligence, alternative data, and machine learning algorithms to assess credit risk and offers tailored financial products to underserved businesses.
What’s Next?:
Sevi’s mission is to empower wholesalers and retailers with the necessary working capital to expand their businesses. Towards this goal, the funding will enable Sevi to scale its lending operations, develop new financial products, and grow its network of SMEs in Kenya’s retail sector, fostering economic growth and entrepreneurship.
MazaoHub
Funding Round: Undisclosed
Investor: Livelihood Impact Fund.
Founded: 2021, Tanzania.
Founders: Geophrey Tenganamba.
About the Company:
MazaoHub Agclimate Ltd operates a digital platform that connects farmers with markets, financial services, and agricultural inputs. The company leverages technology to give rural farmers access to affordable precision agriculture, actionable insights, and hyperlocal support with the aim of improving the farmers’ productivity and income.
What’s Next?:
Since its inception, Mazaohub has supported more than 14000 farmers. Going further, the investment will help it to enhance its platform features, expand its user base, and establish partnerships with key stakeholders in the agricultural value chain.
Naked
Funding Round: Series B extension ($38 million)
Investors: BlueOrchard, Hollard, Yellowwoods, the IFC, and DEG.
Founded: 2018, South Africa.
Founders: Alex Thomson, Ernest North, and Sumarié Greybe.
About the Company:
Naked offers digital insurance products for vehicles, homes, and valuable possessions. Their platform utilises artificial intelligence to provide quick quotes, instant cover, and seamless claims processing, enhancing customer experience and transparency while eliminating the need for human interactions.
What’s Next?:
The substantial funding is the largest investment in Africa’s insurtech sector in history. Buoyed by this remarkable milestone, Naked is set to broaden its product range by investing in advanced AI capabilities and expanding into new markets within and beyond South Africa, with the aim of revolutionising the insurance industry.
CommunityWolf
Funding Round: Undisclosed
Investors: The Baobab Network.
Founded: 2024, South Africa.
Founders: Nick Mills and Michael Houghton.
About the Company:
CommunityWolf is a community safety/security-focused startup. Its solution incorporates AI to improve community safety. The company is tackling the critical issue of underreported crimes in South Africa by making it easier for people to report incidents anonymously through widely used platforms like WhatsApp.
What’s Next?:
The investment will support CommunityWolf in refining its AI algorithms, expanding its service offerings, and revolutionising public safety in more communities and organizations across Africa.
Flow Global
Funding Round: Undisclosed
Investor: Inua Capital.
Founded: 2018, Uganda.
Founders: Nitin Garg and Michael Rothe.
About the Company:
Flow Global provides financial services to unbanked and underbanked micro-entrepreneurs in Uganda. Their offerings include mobile banking solutions, micro-loans, and financial literacy programs designed to promote financial inclusion and economic empowerment among businesses in rural and peri-urban areas.
What’s Next?:
Having already financed over 20,000 micro-entrepreneurs, the funding will enable Flow Global to enhance its technological infrastructure, develop new financial products, and expand its reach within Uganda and neighbouring countries.
Moniepoint
Funding Round: Series C extension ($10 million)
Investors: Visa.
Founded: 2019, Nigeria.
Founders: Tosin Eniolorunda and Felix Ike.
About the Company:
Global money giant, Moniepoint is a fintech unicorn and key player within the Nigerian digital payment ecosystem offering financial services and technology to businesses and individuals. Its offerings include payment processing, lending, banking solutions, credit, and payment tools.
What’s Next?:
The additional funding will support Moniepoint in expanding its product offerings. Specifically, it will enable the company to launch its contactless payment technology, enhancing its overall payment infrastructure, and deepening its penetration in underserved markets across Africa.
Additional, Moniepoint is working towards leveraging Visa’s Cybersource system to enhance transaction visibility as well as integrating Visa Direct for remittances.
