Connect with us

Tech

Egypt’s startup Instabug raises $46m Series B funding to expand product capabilities

Published

on

Egyptian mobile monitoring and crash DVD bug reporting startup Instabug, has raised $46 million in Series B funding to help its product expansion and build the first mobile observability and performance monitoring platform in Africa.

Instabug, founded in 2016, is a reporting solution for mobile teams and helps developers better understand the performance of their mobile applications and its impact on user experience.

According to the company’s CEO and co-founder, Omar Gabr, the company’s robust platform scales with any sized business, allowing independent developers and enterprises alike to seamlessly monitor, alert, prioritise and debug during critical phases of the application life cycle.

The $46 million Series B capital raise follows a record growth in 2021, in which Instabug reached more than 2.7 billion mobile devices, processed 110 billion mobile sessions and 4.2 billion issues, and saw substantial increase in year-on-year bookings, adding world leading enterprise leaders like DoorDash, Verizon, IHG, ABInveb, Porsche, Qualtrics and Gojek to its customer base.

“Mobile applications and our interactions with them have been evolving for almost 15 years, but only in the past few have these interactions become the primary way we interface with brands and services all around us,” said Gabr.

“Leaders in industries spanning banking, transportation, retail, and education have realised mobile applications are the primary way customers will experience their brands and products.

“This new capital will help us develop more strategic partnerships with these enterprises as they increase investment in a mobile-first approach to customer engagement,” he added.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Tech

Kenyan money transfer startup, Kyanda, makes incursion into South Africa

Published

on

Foremost Kenyan money transfer startup, Kyanda, has made a bold incursion into the southern African fintech market by launching its operations in South Africa.

The launching of the money transfer app which aims at helping users make all sorts of transactions at as low a cost as possible, according to its founder, Collins Kathuli, will help “users make cheap and fast money transfers, purchase airtime, and pay bills, among other things.”

Launched in February 2020, the fintech startup has processed over three million transactions since its formation, and Kathuli says Kyanda’s its goal is to build a payment ecosystem that serves both Kenya and Africa as a whole.

“We have other markets in our pipeline. This would be achieved best once we establish the market fit for our products, and of course after we’ve built firm roots in the current locations we’re present,” said Kathuli.

With over US$10 billion being moved within South Africa each year, and over 24 million South Africans sending money to each other daily, South Africa is the first stop on a broader expansion journey, according to Disrupt Africa.

Continue Reading

Tech

Nigerian fintech startup, CredPal, secures more funding from Cairo Angels syndicate

Published

on

A Nigerian fintech startup, CredPal, has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund, to expand its “buy now, pay later” incentive to customers.

Launched in 2018 by the duo of Fehintolu Olaogun and Olorunfemi Jegede, CredPal has placed itself as one of Nigeria’s most preferred consumer credit platform that gives buyers the freedom to “buy now and pay later” and helps merchants acquire more customers to increase their sales.

According to Disrupt Africa, the Google-backed CredPal has over 85,000 active customers and over 4,000 onboarded merchants, with the company announcing in March it had raised US$15 million in funding to expand its consumer credit offerings in Nigeria and to scale across Africa.

While speaking on the new funding, Olaogun said:

“This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit.

“My co-founder and I are very pleased to have them as investment partners and can’t wait for how much we’ll achieve together.”

The Cairo Angels is Egypt’s first formal network of angel investors, and since its formation has been one of the most active early-stage investors in startups and high-growth businesses in the Middle East and Africa, with 31 investee companies across 18 different sectors.

Continue Reading

EDITOR’S PICK

Uncategorized12 hours ago

Father of Moroccan mercenary sentenced to death in Ukraine begs Putin for mercy

The father of a Moroccan mercenary who was sentenced to death while fighting for Ukraine against Russia, has pleaded with...

Metro12 hours ago

Uganda’s Government changes position, invites striking art teachers for negotiations

The Ugandan government has made a turn on its decision to sack all arts teachers involved in the industrial action. The change in position...

VenturesNow12 hours ago

Farmers lament as wild fire, heat waves cut grain harvest in Tunisia

Farmers union in Tunisia has forecasted that output will fall well short of government hopes following heat waves and fires that are badly damaging the country’s grain harvest. Farmers...

VenturesNow12 hours ago

Zimbabwe’s central bank raises key rate to 200%. Will that help its inflation surge?

Zimbabwe’s economic woes continue as the Southern African country’s central bank said it was raising its key rate to 200 percent. The decision makes Zimbabwe’s...

Metro15 hours ago

Despite announced military actions, 8 killed in fresh Jihadist attack in Burkina Faso

At least eight people died as terrorist struck again in Burkina Faso. This time in Sandiaga, a town in the eastern...

Politics15 hours ago

Guinean Prime Minister, Mohamed Béavogui meets political parties to mitigate tension

In the bid to address tension that has bedeviled its political space, Guinean Prime Minister, Mohamed Béavogui has met with political parties....

Culture18 hours ago

Germany to return prized artefacts stolen from Africa during colonial rule

The German government has agreed to return prized artefacts stolen from Aftican countries, particularly from Cameroon, Namibia and Tanzania, during...

Metro19 hours ago

Morocco to prosecute 65 migrants involved in deadly Melilla crossing disaster which claimed 23 lives

Moroccan judiciary authority says it has begun the prosecution of 65 migrants who instigated the mass attempt to cross the...

Metro1 day ago

Ethiopia denies capturing, executing Sudanese soldiers, blames local militia

Ethiopia has denied Sudan’s accusation that its army had captured and executed seven Sudanese soldiers and a civilian. The landlocked country in...

Politics1 day ago

Nigeria gets new Chief Justice, Olukayode Ariwoola. Will he suffer fate of his predecessors?

Following the resignation of Justice Tanko Muhamed as Nigeria’s Chief Justice on Monday morning, President Muhammadu Buhari has sworn-in Justice Olukayode Ariwoola as...

Trending