Reflect Ventures News Today

Maad, Francophone Africa's fastest-growing tech & logistics platform for informal retailers, today announced the successful completion of its $3.2 million seed funding round (debt & equity).

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week

Renda, a three-year-old Nigerian logistics startup, has secured $1.9m in pre-seed funding to enhance its technology offerings, expand to new cities across Nigeria and East Africa.

Renda, a Nigerian logistics startup that counts Jumia and MarketForce as top clients, has raised $1.9 million in pre-seed funding.

Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down operations severely. The shutdown of the B2B e-commerce arm dubbed RejaReja comes months after MarketForce withdrew the service from all its markets, including Nigeria and Kenya, save for Uganda. MarketForce had raised $42.5 million, including $40 million debt-equity in a Series A round in 2022 at over...

At its peak, it raised $40M Series A debt-equity funding, employed over 800 people and served 270,000 informal merchants.

Motive, a leading provider of industrial technologies, orchestrated its inaugural user conference, Vision 24, in Nashville, Tennessee, this week.

Funds to Accelerate Trust in Digital Commerce Ecosystem, as tappi  Achieves 19% MoM Growth with $3M in Verified Consumer Transactions

Tappi allows small business owners to place ads using airtime; it has raised $1.5 million pre-seed to pursue its next growth phase in Nigeria and Kenya.

DHAKA, May 18, 2023 (BSS) - Seven Bangladeshis under the age of 30 have taken place in the Forbes 30