African startups are making significant progress. In this context, the digital economy platform FollowICT highlights the top startup news across Africa over the past week.
– Nigeria’s CreditChek raises $600k to expand its credit data infrastructure across East Africa
Nigeria’s CreditChek, a credit infrastructure company that enables fintechs, lenders, and financial institutions to assess risk, reduce defaults, and scale lending through credit and alternative data, has raised US$600,000 to expand its data coverage across East Africa.
Founded in 2021 by Kingsley Ibe and Lionel Orishane, CreditChek is building the data rails for more responsible lending across Africa. The company helps fintechs, lenders, banks, and other financial institutions assess risk, reduce defaults, and expand access to credit by aggregating and standardising data from multiple sources, including credit bureaus, financial institutions, and alternative data providers, into a unified API for real-time decision-making.
The startup has already processed over US$60 million in credit applications across 1 million unique individual profiles, and achieved profitability in Nigeria. It is now expanding its footprint across East Africa as it works to become a leading credit infrastructure layer for African financial services.
– StartupsMoroccan Proptech Startup Agenz Raises $5M to Build Property Data Infrastructure and Transaction Tools Tailored for Local Market
Moroccan proptech startup Agenz has successfully secured $5 million in a seed funding round, aiming to build robust data infrastructure and transaction tools tailored for Morocco’s evolving property market.
This funding milestone marks a significant step in addressing the longstanding challenges faced by the Moroccan real estate sector, where accurate property valuations and comprehensive market data have long been absent.
Founded in 2021 by brothers Malik and Badr Belkeziz, Agenz presents a unified platform that integrates property valuation, market data analysis, and transaction capabilities designed specifically for real estate professionals and consumers alike.
The startup’s initiative is particularly crucial in a market historically characterized by inconsistent valuations, high transaction costs, and fragmented market insights typically dependent on informal brokers.
– SA circular fashion startup Kloset Klub raises seed funding
South Africa’s Kloset Klub, a fast-growing circular fashion platform, has secured a round of seed funding to help it expand operations.
Founded by Phumi Körber, Kloset Klub helps people buy and sell quality pre-loved clothing through curated resale, peer-to-peer shopping, and managed closet services. The platform helps sellers unlock value from their wardrobes while giving buyers access to premium pre-loved fashion at more accessible prices.
The startup has now raised an undisclosed amount of seed funding from Thinkroom, an African entrepreneurship and innovation firm, and co-investor Frank Smit.
“This investment is more than just capital, it’s a vote of confidence in the journey we’ve been on,” said Körber. “Building a business is never linear, and having partners like Thinkroom and Frank, who understand that reality, makes a huge difference. We’re excited to keep building something that not only looks good, but does good too.”
– Tibu Health Secures Proparco Funding To Expand Affordable Healthcare In KenyaTibu Health Secures Proparco Funding To Expand Affordable Healthcare In Kenya
Kenyan healthtech startup Tibu Health has secured a financing facility from French development finance institution Proparco through the Bridge Fund by Digital Africa.
Founded in 2020 by Jason Carmichael, Tibu Health provides affordable and accessible primary healthcare services to middle-income and underserved communities.
The company operates a hub-and-spoke healthcare model centred on its Minute Clinics, small embedded clinics located within pharmacies and supermarkets, supported by a central medical hub offering diagnostics, specialist care, laboratory services, and telemedicine.
The new funding will help Tibu Health accelerate the rollout of its healthcare network across urban and peri-urban areas in Kenya. The investment reflects growing investor interest in scalable healthtech solutions that improve access to quality healthcare in emerging markets.
– Myka Raises Pre-Seed Round To Expand Insurance Access In Nigeria
Nigerian insurtech startup Myka has raised an undisclosed pre-seed funding round from investors including Ventures Platform, TLcom, Shola Akinlade, co-founder of Paystack; Ridwan Olalere, founder of LemFi; and Olumide Soyombo, founder of Voltron Capital.
Founded in 2025 by serial tech entrepreneur Sim Shagaya, Muritala Ahmed, and Oluwadamilola Okenla, Myka is a licensed digital insurance broker that enables consumers and SMEs to discover, compare, and purchase insurance products from multiple providers in real time.
The startup aims to address Nigeria’s low insurance penetration by improving distribution through digital and offline channels that customers already use.
– South Africa’s Zimi raises $2.6mn to expand EV charging network
South African electric vehicle infrastructure startup Zimi has raised ZAR50mn ($2.6mn) in a funding round led by the Development Bank of Southern Africa (DBSA), with participation from Keyo Ventures and a group of angel investors.
Founded in 2021 by Michael Maas and Stefan Nel, Zimi provides an integrated electric vehicle (EV)-as-a-service platform that combines electric vehicles, charging infrastructure, solar power systems and energy management tools for commercial fleet operators.
The investment will be used to accelerate the deployment of EV infrastructure across South Africa. Zimi plans to install about 200 charging stations and support the rollout of roughly 2,000 electric vehicles over the next 18 months.
– Yamify Gets Launch Africa Backing for AI Deployment Platform
Yamify secured funding from Launch Africa Ventures as part of its pre-seed round, giving the developer-first AI startup new capital to expand distribution.
The size of the investment was not disclosed. Yamify was founded by Luc Okalobé and describes itself as a “Heroku for AI tools in Africa,” allowing freelancers and web agencies to deploy GPU-powered AI tools in under 1 minute.
The platform runs AI stacks from local African data centers, targeting developers and agencies that need faster deployment, lower latency and simpler infrastructure for AI products. Yamify had already gained early traction with fintechs and web agencies in Lagos, Kinshasa, Brazzaville, Johannesburg and San Francisco.
The startup launched with a $100,000 investment from Felix Anane, an early backer of Paystack. It is now raising a pre-seed round, with Launch Africa Ventures providing the first tranche.
