Tuesday, April 21, 2026Global tech, startups & capital — covered for Africans.
Last week, we recorded only three funding activities which marks the lowest number recorded in a week so far this year. During the week, Energy-focused startups, Hohms Energy and Arnergy raised $ 8 million and $ 3 million respectively while Mamamoni secured $270k to improve its women-focused fintech solution. Funding Hohm Energy Funding round: Seed […]
By AU Startups
Last week, we recorded only three funding activities which marks the lowest number recorded in a week so far this year. During the week, Energy-focused startups, Hohms Energy and Arnergy raised $ 8 million and $ 3 million respectively while Mamamoni secured $270k to improve its women-focused fintech solution.
Funding round: Seed ($8 Million)
Investors: E3 Capital, 4DX Ventures, Breega, E4E Africa, Musha Ventures, Climate Capital Ventures, TO.org, Tekton Ventures, Sunu Capital.
Founded: 2021, South Africa
Founders: Tim Ohlsen, Emir Gluhbegovic
Products: Hohm Energies operates a solar Marketplace that connects solar product suppliers & installers in South Africa to homeowners and businesses. In addition, the company offers value-added services like bespoke project management- assessing the solar energy needs of a customer and providing customized solutions.
What Next?: Fuelled by the funding, Hohm Energy will intensify efforts to further its mission of making solar more accessible and affordable to Africans.
Funding round: ($3 Million)
Investors: All On,
Founded: 2013, Nigeria
Founders: Femi Adeyemo, Kunle Odebunmi
Products: Arnergy provides sustainable energy solutions intended to deliver clean and reliable energy for homes and businesses. The company’s solutions are aimed at tackling intermittent and grid unreliability issues.
What Next?: Fuelled by the funding, the company is set to expand its operations to include leasing out solar power-generating equipment
Funding round: $270,000
Investors: Challenge For Youth Employment (CFYE).
Founded: 2014, Nigeria
Founders: Nkem Okocha
Products: Mamamoni is a fintech company that empowers low-income women in Nigeria with the skills and credit facilities to become entrepreneurs and attain financial independence. It has also launched Herpay, a payments app targeted at women, allowing them to enjoy lower transaction fees.
What Next?: Fuelled by the funding, the company plans to expand its agent network to more than 2,000 women by the end of 2024.
