Editor’s note: African-Startups is a sister publication of EU-Startups, bringing trusted coverage of startups, venture capital, and innovation across Africa.
In September 2026, Africa’s startup scene was very active and reached an important milestone. African startups raised over $2 billion in funding by the end of September, with the potential to reach $3 billion by the end of the year if trends continue.
This funding milestone was achieved earlier in the year compared to previous years, indicating a strong period for the ecosystem, says the report.
From January to July, African startups raised $1.46 billion, which is a 27% decrease compared to the same period in 2025. Equity funding dropped by 9% to $921 million, and debt funding fell by 44% to $529 million.
Additionally, only 241 companies raised at least $100,000, down from 302 the previous year. The number of active investors also decreased by 22% to 256. While money is still being invested, it’s going to fewer companies. Since 2019, over $25 billion has been invested in more than 2,600 African start-ups that raised at least $100,000.
However, the African Development Bank still expects the continent to grow by around 4.2% in 2026, despite geopolitical uncertainty, tighter financing conditions, and disruptions to global trade.
In September, there were significant funding rounds across sectors including FinTech, mobility, clean energy, AgTech, HealthTech, cybersecurity, semiconductors, and the creator economy.
These deals occurred not only in key hubs such as Egypt, Nigeria, South Africa, and Kenya, but also in Algeria, Cameroon, Malawi, Zambia, Côte d’Ivoire, Uganda, Ghana, and others. Here are the African companies that received funding last month.
ChipMango
Founded year: NA
Founder(s): Ola Fadiran and Jovan Andjelich
Funding raised in Sep 2026: $1.9 million in a round led by Atlantica Ventures
ChipMango is a semiconductor technology company with operations across the US, South Africa, Nigeria, Rwanda, and Malta. It develops semiconductor engineering talent and delivers commercial chip design, verification, edge-AI, and intelligent hardware solutions. Its model connects industry-aligned training directly to commercial semiconductor programmes: it develops engineers, deploys them on real design work for global customers, and converts that expertise into proprietary edge-AI and semiconductor IP.
WIOCC Group
Founded year: 2008
CEO: Chris Wood
Funding raised in Sep 2026: $300 million investment from Africa Finance Corporation (AFC) and Vision International Investment Company
WIOCC Group is Africa’s largest carrier-neutral digital infrastructure operator. It operates in more than 30 African countries and has built one of the continent’s most extensive open-access digital infrastructure platforms, describing itself as Africa’s “carriers’ carrier”. The company has invested roughly $950 million in digital infrastructure assets. Its infrastructure spans more than 200,000km of subsea systems, over 115,000km of terrestrial fibre, and data centres across South Africa, Nigeria and the Democratic Republic of Congo. The company operates on a wholesale-only model supplying connectivity to telecom operators, cloud providers, content companies and internet service providers.
3C Coding School
Founded year: 2015
Founder(s): Hossam Hosny and Ahmed Khallaf
Funding raised in Sep 2026: $3 million Seed round led by MRG Economic Group
3C Coding School is an Egypt-based EdTech startup providing technology and coding education for children and young people. Its programmes cover software development, data science, artificial intelligence, machine learning, game development and cybersecurity. The company says it has reached more than 120,000 students and recorded 230% revenue growth. Rather than focusing solely on coding syntax, it aims to develop logical reasoning, problem-solving, creativity and critical thinking alongside practical technology skills.
Spoon Consulting
Founded year: 2005
Funding raised in Sep 2026: Undisclosed minority equity investment from AfricInvest Small Cap Fund (ASCF)
Spoon Consulting is a Mauritius-based company focused on AI-first digital transformation, helping enterprises integrate artificial intelligence into their existing technology platforms. Its services include AI agentic solutions and AI integration across major enterprise ecosystems such as Salesforce, Oracle, Microsoft and Infor. It serves clients across sectors including financial services, energy, industrial businesses and hospitality. The company already operates delivery hubs in Mauritius and Madagascar and has established a new subsidiary in Kenya. Its growth strategy centres on three priorities: expanding AI capabilities, entering additional African markets and strengthening corporate governance.
Trade Lenda
Founded year: 2021
Founder(s): Adeshina Adewumi
Funding raised in Sep 2026: $300k from Village Capital’s Africa Ecosystem Catalysts Facility
Trade Lenda is a Nigerian digital financial services platform that expands access to finance for SMEs through digital business loans, embedded finance solutions, and Sharia-compliant financing products. Since launch, it has supported more than 260,000 SMEs and farmers across five of Nigeria’s six geopolitical zones, with 66% of its customers being women. Following the Village Capital investment, the company secured an additional $2 million in local debt facilities at lower rates, allowing it to expand lending while reducing its cost of capital.
AirSmat
Founded year: 2020
Founder(s): Soji Sanyaolu
Funding raised in Sep 2026: $150k from Village Capital’s Africa Ecosystem Catalysts Facility
AirSmat is a Nigerian climate technology company. It converts agricultural waste into biochar-based fertiliser, a carbon-removing solution that improves soil health, increases agricultural productivity, and creates income opportunities for farmers through carbon markets. The investment will be used to complete and commission the company’s commercial biochar-based fertiliser factory and scale its commercial operations.
Mujuni Ventures
Founded year: 2020
Founder(s): Dickson Mujuni
Funding raised in Sep 2026: Undisclosed investment from Dutch impact investor Oxano Capital
Mujuni Ventures is a Ugandan dairy company that has grown from a milk aggregation business into an integrated dairy company. It sources milk from smallholder farmers in southwestern Uganda and links them to formal markets through its expanding processing and distribution operations. The company aggregates milk from over 2,500 smallholder farmers organised into 14 dairy groups across the country, with resulting products directly consumed by more than 500,000 households across Uganda. Its product line includes raw milk sold from the farm and its flagship Too GooD Yogurt brand alongside flavoured and fruit yoghurts. The company operates within the wider East African region and into the Democratic Republic of Congo and Egypt.
ARC Ride
Founded year: 2019
Founder(s): Jo Hurst-Croft
Funding raised in Sep 2026: $33.3 million combined equity and debt, led by Novastar Ventures and Norrsken22
ARC Ride is a Kenyan electric mobility company that operates a battery-as-a-service (BaaS) model, allowing riders to use electric motorcycles without purchasing batteries outright. Riders can swap batteries at ARC Ride’s network of smart battery-swapping stations, helping lower upfront costs and reduce charging downtime. It has launched in South Africa following a pilot in Cape Town, with a vehicle rollout underway in Gauteng, and plans to expand its battery-swapping network and add 5,000 electric motorcycles to its fleet.
Capitalworks
Founded year: 2006
Funding raised in Sep 2026: $15 million commitment from Proparco for Capitalworks IV
Capitalworks is a South African private equity firm focused on Sub-Saharan Africa and emerging markets. Its platform spans several units, including Capitalworks South Africa (private equity investing in the local market), Africa Capitalworks (Sub-Saharan mid-market outside South Africa), Venture Capitalworks (high-growth businesses in financial services, education and health), and Sephira Investment Advisors (publicly traded emerging-market equities). The firm today manages more than $1 billion on behalf of a diverse range of domestic and international investors. Capitalworks IV will invest primarily in high-potential local businesses in South Africa.
Drive45 Mobility
Founded year: 2021
Founder(s): Oluwaseyi Adefemi
Funding raised in Sep 2026: $3 million senior debt facility from TLG Capital
Drive45 is a Lagos-based mobility company providing transport solutions to businesses across Nigeria. It gives international and local businesses access to reliable transport without the cost of owning vehicles outright. The company operates more than 170 active vehicles and has recorded no payment defaults in five years of operation. The new facility will support Drive45’s fleet expansion and strengthen its presence in Nigeria, with plans to grow in Port Harcourt, Abuja, Kano, and Kaduna.
Zeal
Founded year: NA
Founder(s): Omar Ebeid and Belal Mohamed
Funding raised in Sep 2026: $10 million
Zeal is an Egyptian-UK-based payments technology company. It helps businesses set up loyalty programs, understand customer behaviour, and monitor the health of merchant operations at payment terminals. The FinTech partners with acquirers, payment service providers, ISOs, and merchants to enhance the checkout experience and provide operational insights. Merchants can set up stamps or points, add phone-number capture, or link an existing loyalty engine. The same system gives payment providers a clearer view of their merchant base through Merchant Health, which flags changes in transaction volume, terminal activity, payment declines and trading inactivity.
HustleSasa
Founded year: 2021
Founder(s): Peng Chen and Michael Denuh
Funding raised in Sep 2026: Undisclosed amount in a round led by African impact investor Impacc
HustleSasa is a Nairobi-based creator-commerce platform. It was founded at the Antler Accelerator in Nairobi, with a team focused on uplifting African creators by improving their financial opportunities. The company gives event creators unique storefront URLs to sell directly to their audiences and leverage their brand. It has grown into a comprehensive system that supports live entertainment and sports in Africa, serving over 4,000 clients in six countries. It handles various industry aspects, including digital ticketing and events like ANZA MMA and Celebrity Fight Nights. In 2025, the platform sold over 521,000 tickets and provided financial services to creators.
SNCE (Société Nouvelle des Conduites d’Eau)
Founded year: 1961
Chairman: Kamal Laraqui
Funding raised in Sep 2026: Undisclosed investment from CDG Invest Growth and Mediterrania Capital Partners (MCP)
SNCE is a Moroccan water company that operates across the water value chain, from pipe manufacturing and installation to infrastructure projects. It has developed expertise in various domains related to water resources, including environmental management, agricultural engineering, irrigation, and interconnections. The company’s revenue has reached 2 billion dirhams, and its presence spans nine years across the African continent. SNCE claims to have irrigated 815,000 hectares of land and installed 3,800 kilometres of drinking water pipes.
Watu
Founded year: 2015
Founder(s): Andris Kaneps
Funding raised in Sep 2026: $7 million strategic debt facility from AHL Venture Partners
Watu is a pan-African and Latin American asset-financing company. It provides credit for motorcycles, three-wheelers and smartphones, assets the company says are used to generate income and stay digitally connected. It finances motorcycles and three-wheelers through its core mobility business and smartphones through a dedicated unit called Watu Simu. The company operates in ten markets: Kenya, Tanzania, Uganda, Rwanda, the Democratic Republic of Congo, Nigeria, Sierra Leone, South Africa, Mexico and Brazil, having expanded into Latin America in 2025. It has originated more than 7 million loans and disbursed over $1 billion in credit, working with more than 4,000 registered dealerships and more than 35 lending partners.
Charikaty
Founded year: NA
Founder(s): Amr Mouaqit and Driss Sijelmassi
Funding raised in Sep 2026: Pre-Seed round at $3.4 million valuation
Charikaty is a Casablanca-based legaltech startup that lets entrepreneurs incorporate a SARL, SARL AU, SAS, or foreign subsidiary fully online, using a legalised electronic signature and a fixed, upfront price. Filing a company can take just three days through a special service for Moroccans living abroad in over 100 countries. The platform also offers services, including updating company information, registration addresses, accounting packages, trademark registration, and business dissolution. Users have access to a client portal for real-time tracking and are assigned a dedicated legal expert. The company plans to launch Webaty (customised websites) and a separate accounting and compliance venture, and to expand from Morocco to Egypt and the GCC.
Synapse Analytics
Founded year: 2018
Founder(s): Ahmed Abaza and Galal El-Beshbishy
Funding raised in Sep 2026: $13 million Series A led by Partech
Synapse Analytics is an Egyptian-founded startup that builds decision-making software for banks and other regulated financial institutions. Its software lets financial institutions manage their own risk and credit decisions in-house. Risk and credit teams can use the platform to build, test, and roll out lending policies themselves. The software can run inside a bank’s own infrastructure, whether on-site, on a private or public cloud, or on a fully offline (air-gapped) system. This allows banks to automate decisions on onboarding, credit, fraud, and AML checks without sending sensitive customer data to outside servers. The company has served more than 50 clients, processed over 10 million applications, and facilitated over $200 million in loans.
Iris Fresh
Founder(s): Sandeep Valodia
Funding raised in Sep 2026: Undisclosed growth funding from the Vumela Fund
Iris Fresh is a Cape Town-based fresh produce exporter. It sources premium fruit and vegetables from farmers across South Africa and neighbouring countries, then exports them to international buyers. The company sources roughly 80% of its produce from small and medium-scale farmers, and the business already supports more than 150 indirect jobs. The investment is meant to help the company connect more growers to global markets at a time when demand for high-value produce, such as berries and speciality vegetables, keeps rising. In July 2025, Iris Fresh joined the FNB SME Growth Exporter Programme to build export skills, laying the groundwork for the Vumela funding.
PowerGen Renewable Energy Nigeria Limited
Founded year: 2011
CEO: Aaron Cheng
Funding raised in Sep 2026: $5 million mezzanine facility from All On
PowerGen is a developer of solar mini-grid and off-grid power infrastructure. It delivers commercial, industrial and off-grid solar energy solutions. The company has installed more than 325 renewable energy systems, representing roughly 34 MW+MWh of solar photovoltaic and battery storage capacity, across 12 countries, with operating teams in Nigeria, Kenya, Sierra Leone and the Democratic Republic of Congo. In Nigeria, its portfolio includes the Toto Community Mini Grid Project in Nasarawa State, described as the country’s first interconnected hybrid solar mini-grid.
Bekia
Founded year: 2019
Founder(s): Alaa Afifi
Funding raised in Sep 2026: $765k Seed round led by Madica,
Bekia is an Egyptian startup digitising waste collection. It began as a small, tech-driven initiative to help households exchange recyclables for rewards, before growing into a digital platform connecting individuals, businesses, and recyclers. Bekia has more than 100,000 active users across Egypt, over 100 strategic factory partnerships, and more than 400 partnerships with established companies. It has diverted more than 25,000 tonnes of waste from landfill.
Aeon
Founder(s): Samuel Ogbonyomi, Ben Eluan, and Alex Idowu
Funding raised in Sep 2026: $1 million pre-Seed round led by Terra Industries
Aeon is a Nigerian cybersecurity company building cyber defence infrastructure for critical industries across Africa and the Global South. Its two products: Aeon Edge and Aeon Console, secure networks, code, cloud systems, and endpoints for banks, cloud providers, and infrastructure operators. The company is focused on important industries in the Global South, starting with Nigeria, and is running pilot projects with financial services and cloud companies.
Complete Farmer
Founded year: 2017
Founder(s): Desmond Koney
Funding raised in Sep 2026: $2.4 million convertible loan from the IFC and BIFT
Complete Farmer is a Ghanaian AgTech company building a connected agricultural ecosystem across Africa. Its digital platform links farmers with buyers, financial institutions, input suppliers and agricultural service providers. Its network includes more than 72,000 farmers, operating across eight regions in Ghana through eight fulfilment centres, with an active presence in both Ghana and Togo. Previous backers include Symbiosis and the European Union’s AgriFI initiative. IFC said the new loan will help Complete Farmer connect more smallholder farmers with financial institutions, with the partnership expected to reach and support 240,000 farmers.
Biochar Industrial Group
Founder(s): Ikenna Nzewi, Uzoma Ayogu, and Isaiah Udotong
Funding raised in Sep 2026: $1.5 million pre-Seed funding led by BREEGA
Biochar Industrial Group (BIG) is a climate tech startup that provides biochar as a service to agricultural processing facilities, converting waste such as nut shells and husks into soil-improving biochar while earning carbon removal credits. BIG partners with food processors to turn low-value waste into biochar using continuous pyrolysis, which heats organic matter without oxygen at over 600°C. This traps carbon for hundreds to thousands of years, creating carbon removal credits and a beneficial soil amendment. BIG sets up pyrolysis units inside food factories, customised for local materials and conditions, and employs local workers.
Paymob
Founded year: 2015
Founder(s): Islam Shawky, Alain El Hajj, and Mostafa El Menessy
Funding raised in Sep 2026: $35 million pre-Series C round co-led by Mubadala Investment Company and EBRD
Paymob is an Egypt-based FinTech startup that runs a unified omnichannel payments gateway, giving merchants access to more than 60 payment methods. It simplifies the payments landscape by offering merchants one contract, one API, and a single dashboard. The company operates in Egypt, the UAE, Saudi Arabia, and Oman, connecting close to 400,000 merchant sites. Since receiving its Retail Payment Services Licence from the Central Bank of the UAE (CBUAE) in January 2025, Paymob has onboarded around 20,000 merchants in its GCC markets. The company was ranked 30th on Forbes Middle East’s Top 50 FinTech Companies list in 2025.
Spiro
Founded year: NA
Founder(s): Gagan Gupta
Funding raised in Sep 2026: Additional $18 million in debt financing from the Africa Go Green Fund (AGG)
Spiro is Africa’s largest electric mobility company, operating in seven countries. The company has developed an integrated electric mobility platform that combines electric motorcycles with a large-scale battery-swapping network, aiming to lower the upfront cost and operational barriers of electric vehicle adoption. It has a network of battery-swapping stations for electric motorcycles, with over 135,000 bikes and more than 2,500 stations, and has completed over 50 million battery swaps. Spiro also focuses on local production of electric vehicles in Uganda, Kenya, Nigeria, and Rwanda.
Mission Mobile
Founded year: 2023
CEO: Timothy Strike
Funding raised in Sep 2026: $30.9 million investment from DNI (DN Invest)
Mission Mobile is a South African FinTech that gives mobile network subscribers access to financed smartphones. It uses live cash-flow underwriting to approve a handset purchase in under two minutes, with no credit risk passed on to its mobile network operator (MNO) and retail partners. Over the past 12 months, the company developed a consumer vetting engine, a billing and payments platform, an account management system, and tools for point-of-sale and onboarding.
Anees Health
Founded year: 2025
Founder(s): Dr. Mahmoud Darwish and Dr Ahmed Oraby
Funding raised in Sep 2026: Undisclosed Seed round
Anees Health is a Cairo-based healthcare startup offering integrated home medical services including geriatrics, physiotherapy and nursing through organised in-home treatment programmes. Headquartered in New Cairo’s Fifth Settlement, it is a clinician-led home healthcare provider with doctors, nurses, physiotherapists and lab staff operating as one coordinated team on a single medical record from a patient’s first call through their final visit. It has delivered more than 1,000 medical and care services and is targeting operational capacity of over 20,000 visits in 2027. Around 70% of patients continue on extended care plans after their first visit.
EV.Tech
Founded year: 2021
Founder(s): Florent Thomas and Esther Dagri
Funding raised in Sep 2026: Undisclosed investment from Enko Capital
EV.Tech is an electric vehicle charging company in Côte d’Ivoire, the first company in the country to focus on electric vehicle charging solutions. It handles everything from installing to maintaining charging stations. It also runs a mobile app called Neo Charging, which lets users find charging stations, check availability and prices, and track charging progress in real time. EV.Tech has built a network of 70 charging stations across the country and has formed partnerships with major companies in the transport and fuel distribution sectors.
Turaco
Founded year: 2019
Founder(s): Ted Pantone and Peter Gross
Funding raised in Sep 2026: Undisclosed amount from 3IF Ventures
Turaco is a Nairobi-based InsurTech that provides simple and affordable embedded insurance products to underserved customers in Africa. Since inception, the company has reached more than 8 million people across six African markets and is expanding to Asia with a launch in Pakistan. It launched in Kenya and Uganda in 2019, raised a $2 million Seed round in 2020, a $10 million Series A in 2022 that funded entry into Nigeria, added Ghana in 2023, secured microinsurance underwriting licences in Uganda and Kenya in 2024, and crossed 5 million insured customers in 2025 while launching in Zambia and Pakistan. Turaco’s model rests on three pillars: distribution through embedded partners such as ASA International, M-KOPA and Safaricom PLC, proprietary underwriting and claims technology, and a focus on affordable microinsurance for low-income households.
Sun King (Zambia subsidiary)
Founded year: 2007
CFO: Krishna Swaroop
Funding raised in Sep 2026: $5 million equity investment from Acumen’s Hardest-to-Reach (H2R) Catalyze initiative
Sun King designs, finances, distributes, installs and services solar systems for households and businesses with little or no access to electricity, ranging from entry-level kits for lighting and phone charging to multi-kilowatt systems for large homes, businesses, schools and health centres. Its pay-as-you-go model lets customers buy a system on a loan repaid over 12 to 24 months in daily, weekly or monthly instalments by mobile money, from as little as $0.26 a day. With the latest backing Sun King expects to bring electricity to nearly 5.6 million people in Zambia over the next five years, including up to 4.5 million people gaining access for the first time.
SunCulture
Founded year: 2012
Founder(s): Samir Ibrahim
Funding raised in Sep 2026: $10 million senior secured financing from the Mirova Gigaton Fund
SunCulture is a Nairobi-based solar irrigation company that designs, manufactures and finances solar-powered irrigation systems for smallholder farmers. The company has built its business on a “pay-as-you-grow” model that lets farmers pay for equipment through affordable instalments while bundling in insurance and warranty services, rather than requiring large upfront payments. Compared with conventional irrigation methods, SunCulture claims its solar-powered system can increase crop yields by up to 300% and reduce water use by up to 80%.
Wuchi Wami
Founded year: 2018
Founder(s): Harry Malichi
Funding raised in Sep 2026: Undisclosed investment from Inside Capital Partners
Wuchi Wami is a Zambian producer of single-origin Miombo honey. It is a wholly Zambian-owned and led company that buys organic honey from rural beekeepers organised in co-operatives, processes and packs the honey, then sells it to retail shops and food manufacturers in Zambia and across Southern Africa. It works with more than 6,000 smallholder beekeepers in North-Western Province and has placed over 19,000 top-bar hives. It runs aggregation centres across four rural zones. Its outgrower scheme supports over 2,500 small-scale farmers and focuses on modern softwood beehives, which are easier to manage and require less labour.
Tomato Jos
Founded year: 2014
Founder(s): Mira Mehta
Funding raised in Sep 2026: $2 million impact-linked debt facility from Sabou Capital
Tomato Jos is a Kaduna-based tomato paste manufacturer. It is a vertically integrated tomato paste maker described by Sabou as having Nigeria’s most technologically advanced tomato processing facility. The plant is backed by the country’s largest network of smallholder tomato farmers and a fast-growing portfolio of branded pastes in West Africa. The company runs a farm in Kangimi, in Kaduna State’s Igabi Local Government Area, and a $5 million processing plant in the state. Tomato Jos directly employs 204 people and sources from more than 3,000 smallholder farmers, 60% of whom are women. It meets all four criteria of the 2X Challenge, a global benchmark for gender-lens investment.
Talenteo
Founded year: 2022
Founder(s): Louai Djaffer and Tarik Metnani
Funding raised in Sep 2026: Up to $200k from Madica
Talenteo is an HR management platform headquartered in Algeria, helping medium-sized businesses across Francophone Africa digitise their human resources processes. The company has been trusted by more than 3,000 companies to help them find top talent and modernise their HR practices. With over 7,000 users, the company has transformed how organisations recruit and manage their teams.
Paysika
Founded year: 2020
Founder(s): Roger Nengwe and Stezen Bisselou
Funding raised in Sep 2026: Up to $200k from Madica
Paysika is a Cameroon-headquartered digital neobank offering consumers and SMEs across Central Africa virtual and physical payment cards for international transactions. The company is building financial infrastructure to make banking services more accessible, practical and inclusive for consumers and businesses across the region.
Delta Oil
Founded year: 2018
Founder(s): Serag Moussa
Funding raised in Sep 2026: Up to $200k from Madica
Delta Oil is an Egyptian waste oil management startup operating in the clean and AgTech sectors. The company collects used cooking oil from households, providing a convenient pickup service for safe disposal. Delta Oil aims to create a sustainable biodiesel industry by supplying used cooking oil as a feedstock for biodiesel production.
Velocity
Founded year: 2025
Founder(s): Laliteswar Kumar, Siddharth Gusain and Betty Chelangat
Funding raised in Sep 2026: Undisclosed investment from Africa Jobs Fund
Velocity is a labour mobility startup that trains African nurses in German and places them in jobs at German hospitals. The company teaches qualified nurses German to the B2 proficiency level required by German employers and regulators, then works with placement partners to match graduates with hospital jobs. Its German classes are delivered fully online by Kenyan nurses already working in Germany, using a language-learning app Velocity built for its learners, and typically take about ten months of part-time study to complete. The company has more than 300 active learners and a waitlist exceeding 2,500, and every candidate who has reached the interview stage with an employer has been placed.
Jenzy
Founder(s): Bongani Malaba, Eniola Ajuwon, Daniel Kinuthia, and Faisal Patel
Funding raised in Sep 2026: Undisclosed investment from Kili Ventures
Jenzy is an African B2B payments infrastructure startup that solves payment issues by using a smart system that connects banking networks, mobile money, and regulated stablecoins, giving businesses a reliable way to send and receive payments. The company manages the payment process while licensed partners handle the funds, and banks, mobile money operators, and FinTech companies use the platform for transactions every day. If a rail fails during transfer, the payment can switch routes while still keeping its promised arrival time, and businesses can track the route, rail, and arrival status of each payment.
SORAM AFRIQUE
Founded year: 2015
Founder(s): Florian BAUDOIN
Funding raised in Sep 2026: $1.36 million funding round, with Saviu Ventures investing through Saviu II
SORAM AFRIQUE is a Senegal-founded industrial company that has built a leading model around the reconditioning and redeployment of professional printing equipment. By giving a second life to machines that would otherwise be discarded, the company combines industrial expertise with a strong circular economy approach. SORAM AFRIQUE operates alongside IRIS AFRIQUE and SIS, bringing three complementary businesses together under a common holding, OLU 360.
Nomba
Founded year: 2017
CEO: Yinka Adewale
Funding raised in Sep 2026: $3 million debt facility through CardinalStone Finance Company Limited
Nomba is a Nigerian FinTech company that provides payment processing and banking services for businesses. Founded in 2017 as Kudi.AI, it started as an AI chatbot for online payments and introduced an agency banking solution in 2018. Nomba makes money by charging transaction fees. In November 2025, the company announced its expansion into the Democratic Republic of the Congo (DRC) and is piloting a payment route from DRC to Zambia, with plans to connect DRC to Uganda, Kenya, and Angola. Nomba currently handles over $480 million in cross-border payments monthly and aims to raise $20 million to $50 million in debt, with a goal of reaching $1 billion in monthly payments.
Farm to Feed
Founded year: 2021
Founder(s): Claire van Enk, Anouk Boertien, and Zara Benosa
Funding raised in Sep 2026: $171k from French development finance institution Proparco
Farm to Feed covers sourcing, demand forecasting, sales, logistics, warehousing and payments. Farmers get a clear picture of what buyers need, and they are paid within days rather than weeks. The goal is to cut down on waste and help farmers make more money. In sub-Saharan Africa, about 50% of fruits and vegetables are lost before reaching consumers. Farmers often overproduce or send out lower-quality crops because they don’t know what buyers want. Buyers face challenges dealing with many small suppliers and struggling to get consistent supplies. The company purchases the entire harvest, including imperfect or surplus items. Through its “Grade Rescue” and “Ready to Use” product lines, it sells lower-grade produce and processes it to enhance usability and shelf life.
