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Israeli IT services firm Commit has acquired Savannah, a startup that recruits senior developers across Africa. Founded in 2022, Savannah has placed more than 100 engineers at global companies. The deal, worth several million dollars, marks Commit’s entry into Africa’s fast-growing tech talent market, as traditional outsourcing costs rise.
Kenyan digital lender MyCredit has raised $3 million in debt funding from an international microfinance institution. The round brings the company’s total funding raised to $13.6 million. The funds will be used to scale lending for SMEs, private schools, and individual entrepreneurs. Noblestride Capital advised on the deal. MyCredit said it aims to expand access to credit for underbanked borrowers in Kenya.
The Ministry of Post and Telecommunications has launched the Insat online portal to receive complaints, inquiries and suggestions from the public about postal and telecom services. The platform offers a simple, secure and transparent way to submit and track requests, with faster processing times.
Nigeria’s Metro Africa Xpress (MAX) has secured $24 million in debt and equity to bolster its electric vehicle (EV) financing across West and Central Africa. This fresh capital will support fleet expansion, the rollout of battery-swapping stations, and the company's regional growth.
Nigerian fintech Cardtonic has raised $2.1 million to scale Pil, a standalone expense management platform tailored for African startups and SMEs. Designed as a comprehensive financial operating system, Pil will offer virtual dollar cards, multi-currency funding, and real-time expense tracking, marking Cardtonic’s strategic shift from consumer services to the B2B market.
Nigerian fintech Paycrest announced a $404,000 funding round on Tuesday to build out its decentralized settlement layer. By linking stablecoins with fiat in emerging markets, Paycrest is making cross-border payments faster and more compliant. Having already undergone real-world testing, the platform offers a resilient payment infrastructure designed specifically to navigate local constraints.
Egypt’s MoneyHash has teamed up with Spare to bring Pay-by-Bank options to UAE merchants. By reducing costs and accelerating settlements, the collaboration promises a more seamless checkout experience. The move is a key step in MoneyHash’s mission to scale open banking and modernize the Middle East’s payment landscape.
Egyptian startup Oasys Health has raised $4.6 million to enhance its AI-powered mental healthcare platform. The company plans to use the funds to automate clinical tasks, integrate data from wearable devices, and offer personalized patient monitoring. This investment will also support its expansion across partner clinics and universities.
The 2026 Africa Tech Summit Nairobi will feature 12 promising startups: Bekia, Bosso Africa Inc, Chefaa, Hizo, Innobid, Niteon, Pretium, Timart, TIBU Health, Vepay, Winich Farms, and Zerobionic. Spanning sectors from healthcare and finance to sustainability and robotics, these ventures represent the next generation of African innovation, offering high potential for both investment and impact.
Mamy Eyewear, a Kenyan AI-driven vision testing startup, has received backing from Japan’s Ikemori Venture Support. The investment will help the company expand in East Africa and improve access to optical services.
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NALA, a pan-African startup, has partnered with UK payment infrastructure provider Noah to launch a cross-border settlement network linking Africa and Asia. Through its Rafiki platform, NALA allows businesses to receive payments in stablecoins and convert them into local currency immediately, cutting fees and delays in emerging-market payments.
Last week, Moroccan startup Woliz raised $2.2 million in a pre-seed round led by insurer Sanlam Maroc to modernize the country’s vast network of local retail shops. Its platform leverages automation, data, and AI to connect shopkeepers, suppliers, and financial partners, optimizing inventory management and streamlining access to financial services. Looking ahead, the company plans to expand into other African markets.
Tanzanian fintech NALA announced last week that it has secured Payment Service Provider and Payment System Operator licenses from the Bank of Uganda, adding to its existing money transfer license. This new status allows NALA to operate on the country's primary regulated payment rails and supports a $2 million investment plan to bolster local infrastructure and serve the diaspora.
Rwandan fintech Kayko recently raised $1.2 million in seed funding to scale its management platform for small businesses. Founded in 2021, the startup already supports over 8,500 SMEs in tracking sales, inventory, expenses, and taxes through its POS system. Kayko plans to leverage this data to develop credit scoring models and streamline access to financing.