Weekly Digest

GFA Weekly Digest July 26 – July 30 (Top Stories)

South African Wellness Startup, Strove, Secures $277k In Seed Funding Round

Strove, a South African employee wellness startup, has raised R4 million (US$277k) in seed funding from Launch Africa, a venture capital firm. The funding comes after The Delta, a venture builder, introduced the first product in January. Read more

Egyptian e-commerce startup, Taager lands US$6.4M in seed round

We’ve amassed a large body of data that achieves precisely that in just over a year, and we aim to help many more social entrepreneurs and online merchants build their enterprises across Egypt and the MENA region. Read more

Nigerian Healthtech startup, RxAll, secures US$3.15mn funding

With the latest funding, the company hopes to expand to an additional 14 locations before the end of the year, with a pan-African strategy in the works for next year. Read more

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Egyptian Health-tech startup, Estshara, secures US$500k funding for operational expansion led by Egypt Ventures

Estshara plans to use its new funding to grow its current user base to six million by the end of 2021, by providing extra offerings and customer care activities. Read more

South Africa’s Lending startup, Akiba Digital, secures US$1.1mn pre-seed funding

The cash will be used by Akiba Digital to grow its market share in South Africa and connect over 20,000 SMEs to lenders through its ecosystem. Read more

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