Education finance company Fundi acquires edtech company EduOne

SOUTH AFRICA – Fundi, an education finance and education fund management solution specialist, has acquired EduOne, a South African education technology company. Started in 2015 in Cape Town by Jason Basel and co-founders James Kieser, Pieter Strydom and Ben Rath, EduOne was developed in response to their own challenges and experiences of accessing and moving through the education system.   Today the company operates South Africa’s largest career guidance website, engaging students on their post-school options. It also builds software such as a mentorship platform and fund disbursement tool, both aimed…

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Kenya’s edtech startup Craydel raises US$1m for Africa expansion

KENYA – Education technology startup Craydel has announced it has raised US$1 million to expand outside of Kenya to serve more students on the continent. The funding will also be used to improve its search and recommendation engine, enhance its proprietary online career resources and technology. Founded by ex-WPP Scangroup Executive Manish Sardana, John Nguru, and Shayne Aman Premji, Craydel the web-based platform allows working professionals and students to select courses from a large pool of local and international universities. Users are also able to compare the cost of studying…

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EdTech company OTO secures US$400,000 from EdVentures to expand its services

EGYPT – EdVentures, a corporate venture capital that invests in startups, has invested US$400,000 in cash and in-kind services in Egyptian digital learning platform OTO, in an attempt to enhance distance learning methods and support startups in Egypt and the Arab world. The goal of this investment is to develop the company’s platform and further expand its services to include a larger segment of users, especially middle and secondary school students by delivering educational programmes in a variety of areas/subjects. This, in turn, will reflect on the educational experience that…

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EdTech startup Semicolon Africa closes US$1.2m seed round to increase its delivery capacity

AFRICA – Semicolon Africa, an EdTech startup creating employment and economic opportunities by training software engineers and techpreneurs, has closed a US$1.2 million seed round of funding with participation from angels and VCs like Launch Africa Ventures and Consonance Investment Managers. The acquired fund will be used by Semicolon to increase its training, talent management, and project delivery capacity. Semicolon currently provides the critical support needed for techpreneurs to develop their startup ideas into blustering businesses. This cuts across early business support, product development, advisory, and training. Hence, the company…

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Financial edtech startup FinMeUp secures funding from ZAQ Ventures to expand its offering

SOUTH AFRICA – FinMeUp, a financial education startup, has secured an undisclosed amount in funding from ZAQ Ventures (Venture Studio), a venture capital firm that focuses on investing in startups. According to reports, the undisclosed amount of funding, which was secured from an angel round, will be used towards the development and expansion of the financial edtech startup’s platform and product offerings. This included the launch of new features and establishing partnerships along with the implementation and launch of FinMeUp wealth. The funds will be used to build out the…

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Ed-tech startup Sayna of Madagascar raises funding from I&P, Miarakap to expand its offering

MADAGASCAR – Sayna, a Malagasy ed-tech startup has secured a round of funding to help it expand access to its training programme and launch new platforms. Launched in 2018, Sayna aims to provide quality training in the digital sector in Africa and offer professional opportunities to young people by bridging the gap between the growing demand of companies on digital issues and the supply of digital talent. It has now raised a round of funding from I&P Acceleration Technologies, a programme dedicated to African digital start-ups led by Investisseurs & Partenaires (I&P),…

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Startup Ed Partners Africa raises US$1.9m funding round to support private schools in Kenya

KENYA – Startup Ed Partners Africa, a non-banking financial institution serving affordable private schools, has raised US$1.9 million in funding as it bids to improve the quality of education received by learners from low-income communities. Founded in 2018 by Lydia Koros and David FitzHerbert to improve access to affordable, quality education in Africa, Ed Partners provides loans to affordable private schools by bringing access to formal credit to their doorstep.  So far, the company has cumulatively disbursed US$1.5 million to 142 schools reaching out to 41,000 students and now plans to scale…

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South African edtech HyperionDev raises US$3.54m for expansion into new markets

SOUTH AFRICA – Education technology specialist HyperionDev has secured more than US$3.54 million in funding, some through private investments and some through public crowdfunding. The fundraising round, which took place in March 2021, will help the company, which runs coding bootcamps, to expand into new markets, including the UK and the US. The edtech will also provide US$247,836 in scholarships for students in need. “This combined funding strategy attracted over 1,500 investors from more than 20 countries, culminating in one of the largest-ever edtech series-A fundraises in Africa,” the company…

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Transport startup eMushrif acquires Cairo-based EdTech startup Tareeqi

EGYPT – Tareeqi, a startup with an application used to track the bus fleets of schools, universities and institutions in the MENA region, has been acquired by eMushrif, an Oman-based startup specialising in digital transport tracking systems. Founded by Alfarouk Saleh and Mohamed Monier in 2018, Tareeqi aims to solve the problems that face millions of people daily and will now be managing the expansion of eMushrif in the Egyptian market. Saleh said he was excited about the deal since eMushrif tries to solve the same problems as Tareeqi. “Both…

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Ethiopia’s edtech startup Gebeya launches its revamped marketplace

ETHIOPIA – Gebeya, the Pan-African source for freelance professional talent, has expanded its revamped marketplace, the first of its kind in terms of reach in Africa.  Prior to investment, Gebeya operated mostly a manual non-scalable marketplace model.  The firm raised a US$2M seed investment in February 2020, co-led by Partech and Orange Ventures and followed by Consonance Investment Managers, to set up the machine for scale, fully automated and digitized.  Gebeya.com connects Start-ups and Small and Medium Enterprises to professional talents from across the continent and the platform offers a…

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