Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish

Investor Updates: Tunisian AI startup raises $100m

3 min Read January 25, 2022 at 12:52 AM UTC

Daba finance invest in Africa

Tunisian enterprise AI startup raises $100m

Highlights

  • InstaDeep, a Tunis and London-based enterprise AI startup has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB, with participation from Google, BioNTech and others.
  • Founded by Karim Beguir and Zohra Slim in 2014, InstaDeep creates decision-making systems using advanced machine learning for solving real-world enterprise problems.
  • The startup is headquartered in London and has offices in Paris, Tunis, Lagos, Dubai, and Cape Town. With the new funding, it plans to accelerate the launch of disruptive AI products across several industries and advance its computing infrastructure, expand into the US, and hire more talent.

Source: Business Wire


Zoom Out

For enterprises, artificial intelligence has the potential to generate meaningful returns. Well over half of the business executives who responded to a PwC survey say their adoption of AI within the workplace led to a boost in productivity and McKinsey found that 44% of firms using the technology achieved a reduction in business costs. However, implementation remains a barrier largely due to the absence of sufficient talent. That’s where specialized vendors like InstaDeep come in and being an African startup hasn’t stopped the company from signing on big global companies, both as clients and for partnerships.


SA video HR startup plans pan-African expansion

Highlights

  • South Africa-based HR software startup Wamly is targeting African expansion after securing a second round of undisclosed funding from venture capital firm Knife Capital.
  • Founded in 2018 by Francois de Wet, Wamly is one-way video interview software that connects companies to candidates and helps them speed up the talent acquisition process. 
  • The startup’s software allows firms to recruit for vacant positions without the need for in-person interviews, allowing them to interview people virtually and source the right candidates faster.

Source: Disrupt Africa

Zoom Out 

Wamly is one of an increasing number of technology startups across Africa that are reinventing the largely traditional and manual human resources and administrative processes in corporate organizations. In Africa, startups that play in this space have a big market opportunity as every large company needs administrative solutions. There’s also a growing appetite for technology-enabled solutions, especially by organizations that wish to digitize their workplaces.


Kenya’s Zanifu raises $1m to finance MSMEs

Highlights

  • Zanifu, a Kenyan fintech that enables access to working capital for Micro, Small & Medium Enterprises (MSMEs) by providing short-term stock financing, has secured $1 million in seed funding.
  • The startup intends to use the funds to upgrade its platforms, increase the number of MSMEs it serves by an additional 15,000 FMCG retailers in the next year, as well as expand into Ghana and Uganda.
  • Launch Africa Ventures, Sayani Investments, Saviu Ventures and several angel investors from both Kenya and Nigeria participated in the round which brings the total funding received by the startup so far, to $1.2 million.

Source: Disrupt Africa

Zoom Out

Small and medium enterprises play a major role in most economies, especially in developing countries but access to finance has always been a major constraint to their growth. As much as 65 million firms, or 40% of formal MSMEs in developing countries, have an unmet financing need of $5.2 trillion every year, per the International Finance Corporation (IFC). Many startups like Zanifu have found ways to profitably finance these small and medium businesses across the continent at reasonable interest rates. Float, Prospa, Brass, and Sparkle are a few others that provide financial support to businesses.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

Share this post
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved