All Funding stories from Ghana Innovation Journal.
For years, the narrative of African fintech has been dominated by one word: Credit. From Nairobi to Lagos, rapid-approval loan apps have proliferated, promising to bridge the liquidity gap. But for many users, these apps have become a “debt trap” rather than a safety net. Phundit, the Ghanaian fintech startup, has just closed an undisclosed [...]
Fido Ghana has secured a USD 5.5 million debt investment from the Regional MSME Investment Fund for Sub-Saharan Africa, managed by the Swiss-based impact manager, Symbiotics. The new capital injection will strengthen Fido Ghana’s capacity to scale its lending portfolio, enhance its digital infrastructure, and meet rising demand for accessible financial tools. For many borrowers, [...]
FarmerTribe, the agritech focused on strengthening local rice supply chains, has secured structured financing from Green Earth Group N.V. in partnership with Pangea Global Ventures to build a modern rice milling facility in Walewale. This transaction marks Green Earth’s first investment in Ghana's agricultural sector and supports high-value processing in local food systems. The investment [...]
Farm 360, a Ghana-based agtech focused on restoration-linked agricultural supply chains, has secured a USD 1 million investment from Barka Capital following the company’s achievement of more than USD 1 million in annual revenue. The financing marks a significant milestone not only for the company but also for the broader commercial case for landscape restoration-driven [...]
Ghanaian fintech startup Seevcash has secured $142,000 in XLM from the Stellar Development Foundation (SDF) through the Stellar Community Fund, an open-application awards program that leverages community input to fund and support Web3 teams building on Stellar. The funding will support product development as the company works to expand access to affordable digital financial services. [...]
Ghanaian healthtech startup Medpharma has raised an undisclosed funding round from Sahara Impact Ventures. What problem is MedPharma solving? Founded by Stephen Yaw Asamoah and Richard Appiah Otoo in 2019, MedPharma is digitising healthcare delivery by aggregating providers, pharmacies, and medical facilities into a single connected platform. Its model tackles one of the continent’s most [...]
The Standard Chartered Futuremakers Women in Tech (FWIT) program, an initiative by Standard Chartered Bank, has invested $50,000 in five startups from its 2025 incubator program. These companies span sectors including healthcare and agriculture, and waste management. Implemented by the Ghana Climate Innovation Centre, the program provides business development and financial support to women-led or [...]
The Social Enterprise Fund for Agriculture in Africa (SEFAA) — one of Ghana’s most active agribusiness investors and a backer of Complete Farmer, Mariseth Farms, Oyster Agribusiness, Kuapa Kokoo, and Idan Agro — has secured $10m from the Mastercard Foundation Africa Growth Fund. Managed by Sahel Capital, SEFAA plans to deepen its reach across 13 [...]
EATO, the AI-powered foodtech platform, has secured an undisclosed funding from Nubia Capital to accelerate its mission to build the digital infrastructure powering Africa’s food economy. Founded by Margaret Kyerematen-Debrah in 2023, EATO is an AI-powered digital marketplace that connects African food entrepreneurs—chefs, processors, small businesses, and informal traders—with global consumers, markets, and financing opportunities. [...]
The Meltwater Entrepreneurial School of Technology (MEST Africa), one of Africa’s leading tech incubators, is pivoting to artificial intelligence with the launch of its new AI Startup Program. The AI Startup program is a redesigned version of its long-standing Entrepreneurs-in-Training (EIT) program, focusing on building the next generation of AI entrepreneurs in Africa. For over [...]
Liquify, the invoice financing platform co-founded by Nadya Yaremenko and Alberta Asafo-Asamoah, has closed a $1.5 million equity seed round, alongside additional debt financing. The round, which was oversubscribed, underscores strong investor confidence in Liquify’s approach to bridge Africa’s $120 billion trade finance gap. The UK Tech News was the first to report the news. [...]
Jetstream Africa, a fast-growing player in Africa’s e-logistics and trade finance landscape, has secured new capital from Cauris Finance, reinforcing a strategic partnership that began in 2022. This latest round marks Cauris’s third investment in Jetstream, underlining continued confidence in the company’s mission to close the continent’s estimated $120 billion trade finance gap. The funding [...]
Complete Farmer, the agritech company improving market access and productivity for smallholder farmers, has secured €2.2 million (USD 2.5 million) from the European Union-funded AgriFI facility, managed by EDFI Management Company. The EU financing will support the construction of six new fulfilment centres – hubs for aggregation, quality control, and logistics in the northern regions. [...]
Kodu Technology, the Kosmos Innovation Centre-backed cleantech and femtech innovator, has been named the Grand Prize Winner of the inaugural “Jump Shot: The NBPA × UM6P Innovation Challenge,” a new initiative by the One Court Africa program. After a competitive pitch event held in Benguerir, Morocco, the startup secured the top spot and a $50,000 [...]
Mariseth Farms has secured a $1 million working capital loan from a consortium of investors to scale its crop aggregation operations and enhance fair market access for smallholder farmers, particularly women. This follows a $560,000 facility raised last month from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA). The latest round includes additional [...]
Ask any African founder about their biggest challenges, and access to finance will inevitably make the top five. For entrepreneurs operating outside major tech hubs, the struggle is even more acute. In Ghana’s Bono-East region, Techiman-based AgriCoHub is tackling this problem head-on with an innovative solution: the Startups Cooperative Credit Union (STARTCCU). Founded by George [...]
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures [...]
Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa. The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa [...]
Zeepay, a fast-growing player in the digital remittance and mobile money market, has secured $18 million in debt funding, according to a report by Africa Global Funds. The investment, arranged by the South Africa-based financial advisory firm Verdant IMAP, signals strong market confidence in Zeepay's cross-border payment solutions and growth strategy across Africa. The investment, [...]
Village Capital, in partnership with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise Agency (RVO), has launched the Africa Ecosystem Catalysts Facility, a $4 million initiative to support early-stage, impact-driven companies in Ghana, Nigeria, and Tanzania. The facility will collaborate with locally-led Entrepreneur Support Organizations to source, conduct due diligence, and make investment [...]
Small Foundation, a family foundation focused on catalyzing and scaling income-generating opportunities for people living in extreme poverty in sub-Saharan Africa, has launched two pilot facilities to provide essential working capital to African fund managers. These initiatives aim to help bridge the significant $330 billion annual SME funding gap across the continent. Emerging fund managers [...]
From February, the Ghana Venture Capital & Private Equity Association (GVCA) will be led by Amma Gyampo, who boasts a wealth of experience in early-stage investing as an angel investor and a startup ecosystem enabler. In the role, Gyampo is committed to minimising investment barriers and enhancing collaboration among fund managers, portfolio companies, equity investors, [...]
Tendo Technologies has been selected among the 20 finalists advancing to the Acceleration Phase of the timbuktoo Fintech Accelerator Programme. The finalists were chosen from the inaugural cohort of 45 innovators who participated in the boot camp to shortlist the startups with the most potential. Over the next five months, the Acceleration Phase will focus [...]
Ghana’s entrepreneurial ecosystem is set to witness an inspiring new chapter with the launch of Africa’s Next CEO, a business reality series created to discover and empower the next generation of entrepreneurial leaders. Spearheaded by Samuel Brooksworth, CEO of Remoteli, the series offers a transformative platform for aspiring business leaders to bring their innovative ideas [...]
Sahel Capital, fund manager for the KFW-backed Social Enterprise Fund for Agriculture in Africa, has provided a $610,000 debt facility to Oyster Agribusiness. This working capital loan will enable the company to support more smallholder farmers, enhance productivity, and scale its climate-smart agricultural practices. With this latest round, Oyster’s total funding now stands at $2.92 [...]
Five Ghana-based startups have secured €100,000 each as part of the fourth cohort of the develoPPP Ventures funding programme. Implemented locally by GreenTec Capital Partners and Scio Network, develoPPP Ventures is a growth funding program by the German Federal Ministry for Economic Cooperation and Development (BMZ), which supports high growth young startups with a matching [...]
The Techstars-backed fintech platform, Liquify has secured debt investment from the Emerald Africa Financing Facility (EAFF) to provide trade finance for African SME exporters. The investment will help grow its loan book to finance the working capital of agriculture-focused exporters. Founded in 2022 by Nadya Yaremenko and Alberta Asafo-Asamoah, Liquify operates as a trade finance [...]
Tropo Farms, the leading tilapia fish producer in West Africa and Sub-Saharan Africa has secured a $10 million long-term investment from the specialist agriculture investor AgDevCo. Ghana has one of the highest fish consumption rates in Africa, consuming over 800,000 tonnes per year. This investment will boost the country’s aquaculture industry to satisfy the growing [...]
Truecoco, an aggregator, processor and commodities trading company based Ghana’s Western Region has secured an undisclosed funding from Growth Investment Partners— an investment vehicle established by British International Investment, the UK’s development finance institution and impact investor. The capital injection will support Truecoco in expanding its soybean processing operations and launching an industrial carbon capture [...]
Blossom Academy has secured a grant from the Internet Society Foundation for its “Building Data Professionals for Internet Opportunities” program. This funding will enable the organization to equip underemployed professionals in Ghana with essential data and leadership skills, helping them unlock freelance and consulting opportunities and ultimately increase their incomes. As part of the program, [...]
Kofa Technologies, the pioneering Ghanaian company re-engineering energy access through clean, portable battery solutions, has partnered with PASH Global, a leading impact investor, to significantly expand Kofa’s battery swapping network across Ghana. The ambitious expansion project is supported by a £2.35 million investment from Shell Foundation, co-funded by the UK Government’s Transforming Energy Access (TEA) [...]
Akofresh’s CEO, Mathias Charles Yabe has been recognized as one of the winners of the prestigious 2024 Anzisha Prize, a leading youth entrepreneurship initiative for entrepreneurs between 15 to 22 years in Africa. Mathias was awarded the prize for job creation through his innovative agribusiness, AkoFresh, which is making a significant impact in Ghana’s agricultural [...]
Credit Mall, a subsidiary of the Teachers’ Fund, established to provide consumer credit to members of the Ghana National Association of Teachers (GNAT), has launched a smartphone financing initiative aimed at making smartphones more accessible to Ghanaians. Why This Initiative Matters Despite Ghana’s expanding digital landscape, smartphone accessibility remains a significant challenge. As of 2020, [...]
The Ghana—and Sierra Leone-based renewable energy investment company ManoCap Energy has secured $20 million in long-term debt financing from the Mirova Gigaton Fund to offer businesses renewable energy solutions. What does ManoCap Energy do? ManoCap Energy is a vertically integrated commercial and industrial independent power producer operating in West Africa. It specializes in replacing diesel [...]
Fido, the digital lender based in Ghana and Uganda, has secured $10 million in equity from FMO’s MASSIF Fund as part of its Series B capital raise. MASSIF is FMO’s financial inclusion fund that supports intermediaries that reach out to MSMEs disproportionately affected by a lack of access to financial services. Bridging Africa’s $331 billion [...]
Two Ghana-based emerging fund managers have been selected for the Obuntu Launchpad Fellowship. Obuntu Launchpad Fellowship is dedicated to addressing the unique challenges faced by local Emerging Fund Managers in Africa, enabling them to thrive in Africa’s rapidly evolving VC ecosystem. The 12-month invite-only fellowship provides fellows with knowledge, community, and resources. Meet the Chosen [...]
The Tullow AgriVentures Programme (TAP) has awarded ten promising small and growing agribusinesses $10,000 each to expand their businesses. The program being implemented by Innohub identifies and supports entrepreneurs in setting up and growing their businesses. TAP aims to generate approximately 600 new agriculturally linked ventures and support 30 existing businesses to grow and create [...]
Farmio, an agritech that provides mobile greenhouse kits to farmers has secured funding from Standard Chartered Bank’s Women in Tech Financing Facility. Being implemented by Village Capital, the financing vehicle seeks to address the gender financing gap by providing catalytic capital to Standard Chartered Bank’s Women in Tech program alumni. Founded in 2019, Farmio provides [...]
After not undertaking any investments between 2011 – 2015 and 2017 – 2020, the government-backed private equity fund of fund investment vehicle, the Ghana Venture Capital Trust Fund (VCTF) has so far committed GHS 173 million (approx. $11.2 million) to investors after its $40 million recapitalization. In between the fallowing periods, the Fund committed capital [...]
Oasis Capital Ghana, the West Africa-focused growth and venture capital fund manager, has reached the first close of Oasis Africa Fund II at $33.3 million, making it the largest local Ghanaian fund yet. The Accra and Abidjan-based firm hopes to reach a final close of $120 million by the end of June 2025. Oasis Africa [...]
Sommalife, the Wa-based shea-focused agtech platform, has closed an undisclosed funding round from Wangara Green Ventures. Sommalife Limited is rapidly establishing itself as a leader in merging technology, productivity, and environmental sustainability. What problem is Sommalife solving? Over 16 million women in West Africa, particularly Ghana, depend on shea nut production for survival. However, desertification, [...]
3Farmate Robotics has been selected for Reddit co-founder Alexis Ohanian's 776 Foundation climate cohort. As part of the fellowship, the company will receive a $100,0000 grant to support its mission to automate farming in Africa. What problem is 3Farmate Robotics solving? Mechanization and power utilization levels in agriculture in Sub-Saharan Africa remain the lowest globally. [...]
MoringaConnect Inc (DBA True Moringa), the Ghana-based agritech has secured an undisclosed funding round from the impact-focused investment firm, Mirepa Capital. The company which supplies natural skincare & wellness products and organic bulk ingredients will use the capital to strengthen its local supply chain as well as boost its distribution capacity in the US and [...]
The Ministry of Environment, Science, Technology and Innovation (MESTI) has launched the innovation voucher scheme as part of measures to promote the commercialization of research in Ghana and strengthen collaboration between research institutions and businesses. The scheme will provide grants of up to $5,000 or more (depending on the project's market viability analysis) to qualifying [...]
Accra-based agritech startup, Wami Agro, has secured additional funding from Mirepa Capital, an impact-focused investment firm. This investment will allow Wami Agro to scale its operations and further empower smallholder farmers across Africa. Providing solutions to the major bottlenecks in the agriculture supply chain. Despite boasting a vast agricultural workforce – over 50% of the [...]
Zeepay has successfully closed its $14 million Series A.5 equity funding round. The round was led by the global cooperative and social impact investor Oikocredit. Other investors in the round include the infrastructure investment platform Africa50, the local pensions-anchored fund, Injaro Ghana Venture Capital Fund, and Verdant Capital Hybrid Fund with a follow-on investment from [...]
Legendary Foods, a Kumasi-based food tech company, has secured additional capital from the Climate Resilient Africa Fund, an impact-focused Africa venture capital fund. According to Shobhita Soor, the CEO of Legendary Foods, “The partnership amplifies our ability to scale with quality and aligns perfectly with our mission to introduce climate-resilient protein alternatives.” What is Legendary [...]
Sommalife, the shea-focused agtech platform, has been selected as one of the eleven recipients from the GSMA Innovation Fund for Climate Resilience and Adaptation. The GSMA Innovation Fund for Climate Resilience and Adaptation supports digital startups to test innovative use-cases, partnerships and business models to improve the sustainability and scalability of solutions that positively impact [...]
Cowtribe, Ghana's leading full-stack animal vaccine distribution platform, has been selected for the Scaling Digital Agriculture Innovations through Start-ups (SAIS) Accelerator Programme. Implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the SAIS Investment Readiness Programme provides tailored support to tech start-ups from the agriculture, food, and livestock sectors to position them to raise capital [...]
The Ghana-headquartered multi-sector fund Injaro Investment has closed its venture fund at GHS 216 million to invest in “best-in-class” companies, mainly in Ghana and the Ivory Coast. Founded in 2009 by Jerry Parkes and Dadie Tayoraud, Injaro Investments was established to provide the capital that enables SMEs to realise their potential as the drivers of [...]