Connect with us

Tech

Egyptian health-tech startup Chefaa raises $5.25m to expand into Saudi Arabia

Published

on

Egyptian e-health startup, Chefaa, has announced raising $5.25 million in funding to accelerate its growth and expansion into Saudi Arabia.

The startup, which is a patient-centric pharmacy benefits platform, was founded in 2017 by Dr Doaa Aref and Dr Rasha Rady. It enables users to easily order, schedule, and refill recurring non-insured and insured prescriptions, while also offering various services for all healthcare stakeholders.

According to its profile, Chefaa already connects more than one million monthly active users to over 1,100 pharmacies across Egypt and Saudi Arabia, and is now aiming for faster growth after securing the funding from new and existing investors.

The funding round was co-led by South Africa’s Newtown Partners and Japan’s Global Brain, and also featured GMS Capital Partners LLC, Verod-Kepple Africa Ventures, and M3, following Chefaa’s successful launch in Saudi Arabia, where it is now operating in eight cities, and will support its efforts to scale in the country.

Chefaa continues to prioritise market needs in the face of the continuous challenges. This has resulted in designing new services and features with our eyes on our mission and vision,” the CEO, Aref, said.

“We focus on measuring Chefaa’s impact as we grow. We are thrilled that our investors share our passion and believe in our vision and mission.”

Tech

Egyptian startup Potcast Productions raises funding to upscale offerings

Published

on

Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round to help enhance its content production capabilities, scale its marketing efforts, and accelerate the development of new podcast series.

Potcast Productions which was established by entrepreneur Islam Adel in 2020, creates 15 diverse podcast programmes tailored to various target demographics, and has racked up seven million listens and over 600,000 viewing hours within the last six months.

According Adel, the pre-seed funding round comes from Innovative Media Productions (IMP), the media company behind Egypt’s Shart Tank television show, which made its first investment in Potcast Productions back in April, as well as renowned investor Ahmed Tarek Khalil.

“The funds will be used to enhance Potcast’s content production capabilities, scale up its marketing efforts, and accelerate the development of new, high-quality podcast series that cater to a diverse and growing audience,” Adel said.

“This round of investment will also support plans to produce high quality audio experiences both digitally and offline, further solidifying Potcast’s position as a leader in audio-first content production.

“The injection of funds will be directed towards enhancing Potcast’s capacity to produce high-quality content, scaling its marketing initiatives, and creating new podcast series to meet the demands of an increasingly diverse listener base.

“The investment will also support Potcast’s ambition to deliver premium audio experiences, both online and offline, thereby reinforcing its status as a pioneer in the realm of audio-first content production.

“Securing this follow-up investment from IMP and Ahmed Tarek Khalil is a testament to the hard work and dedication of our team.

“Their support validates our mission to transform podcasting in the region and propels us forward as we continue to innovate and expand our reach,” Adel said.

Continue Reading

Tech

Kenyan marketing startup Wowzi partners Mastercard in $2m deal for content creators

Published

on

Kenyan influencer marketing platform, Wowzi, has announced a partnership with Mastercard and Masria Digital Payments which will see it disburse $2.04 million to transform the financial management landscape for content creators through innovative digital card solutions.

Co-founder and CEO of Wowzi, Brian Mogeni, who made the announcement, said the agreement with Mastercard and MDP is a five-year deal that will see Wowzi provide Kenyan content creators with access to a wide range of digital card benefits.

“Our journey has always been driven by the belief that content creators are the heartbeat of the digital age. This strategic partnership with Mastercard and MDP represents a pivotal moment in our mission to empower these creators,” Mogeni said.

“Leveraging MDP’s expertise in digital payments, these cards are designed to offer content creators a seamless and secure user experience, simplifying both online and offline transactions.

“Innovation is at the core of our values, and we recognise that the influencer and creator market is underserved when it comes to payment solutions.

“We are dedicated to being at the forefront of technology solutions that cater to the unique needs of content creators. This collaboration allows us to not only address those needs but to set new standards in financial empowerment, security, and convenience for our valued community,” he added.

Wowzi which was launched in 2020 by Mogeni, Mike Otieno and Dr Hassan Bashir, has built a self-serve online platform that allows brands of any size or industry to create and manage massive, distributed messaging campaigns utilising thousands of real, everyday customers and fans who get paid to offer authentic endorsements online for the products they already love.

Continue Reading

EDITOR’S PICK

Culture8 hours ago

UK returns looted historic Ugandan artifacts on a three-year loan

The University of Cambridge in the United Kingdom has agreed to return 39 traditional Ugandan artefacts which were looted from...

Metro12 hours ago

Zambia: Apex Court sets July 8 to rule on Lungu’s eligibility for elections

Zambia’s apex court, the Constitutional Court, has reserved ruling on a petition challenging the eligibility of former President Edgar Lungu...

Tech13 hours ago

Egyptian startup Potcast Productions raises funding to upscale offerings

Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round...

Sports13 hours ago

Lost to Europe: Players of African descent who will light up Euro 2024

Europe’s elite football tournament tagged Euro 2024, which kicked off on Friday, will see close to 50 players of African...

Musings From Abroad15 hours ago

AfDB, IDB on $20bn IMF reserve asset donor drive

In line with a global initiative to increase the efforts of leading multilateral development banks (MDBs) to address poverty and...

Politics16 hours ago

South Africa: Parliament reelects Cyril Ramaphosa as president

President Cyril Ramaphosa of South Africa has been re-elected for a second term. He was nominated for re-election on Friday...

Politics17 hours ago

Niamey court revokes immunity of overthrown Nigerien president

The State Court of Niamey has revoked the immunity of Niger’s deposed President, Mohamed Bazoum, signalling the start of criminal...

VenturesNow17 hours ago

Nigerian court voids tax evasion charges against executives of Binance

A Nigerian court dismissed tax evasion charges against two executives of Binance on Friday, following the appointment of a local...

VenturesNow17 hours ago

Ghana’s bondholders, govt to discuss debt restructuring next week

Following a deal struck with official creditors earlier this week, Ghana and its bondholders will resume negotiations next week to...

Metro17 hours ago

Despite hardship, Nigerian lawmakers push for new jets for Tinubu, Shettima

Despite the hardship and pervasive hunger Nigerians are going through occasioned by the drastic economic policies of the President Bola...

Trending