SORA Technology raises $4.8m to expand across Africa

The top three winning teams will get €10,000 in seed funding: €6,000 for first place, €2,500 for second place, and €1500 for third place.

The funds will enable Nawy to expand its artificial intelligence and data infrastructure capabilities and enter new markets.

The funds will enable Kofa to expand its artificial intelligence-powered battery-swapping network in Ghana, Kenya, and beyond.

The South African start-up uses technology, especially AI, to explore the potential of African medicinal plants for discovering new drugs.

Mosime's new job intends to achieve meaningful change in increasing financial inclusion, facilitating cross-border economic engagement.

Visa described this investment as a significant milestone in its efforts to enhance financial inclusion.

According to the telco, the refinancing comes at an important strategic point, aligning with Telecom Egypt's continued efforts to improve cash flow.

Prior to this expansion, Pargo raised $4 million in investment. The funds will help the company operate in Egypt's growing e-commerce sector.

The firm says the fresh capital injection will enable it to accelerate and become the go-to platform for health-conscious consumers across Saudi Arabia.

Kenyan President William Ruto announced the increased financing yesterday on X.

Startups supported by OnAfrica Investment Syndicate are eligible for support ranging from $100,000 to $400,000.