Cutstruct raises $1.5 💰

Hope you crushed it this week!

Welcome to the latest edition of The Startups Chronicle, proudly brought to you by Startup Hub Africa 🚀—your go-to source for funding moves, regulatory wins, and growth plays across Africa's startup frontier.

Here’s what’s shaping Africa’s tech scene as we head into June 2025:

• 🏗️ Cutstruct bags $1.5M to digitize Nigeria’s construction supply chain

  Backed by CRE Ventures, E3 Capital, and Techstars, Cutstruct offers contractors access to vetted vendors, credit, logistics, and insurance, aiming for deeper market penetration.

• 🧪 Tespire lands funding for hospital-based health R&D

  From edtech to healthtech, Tespire’s Asibiti smart box network expands across Nigeria, merging infrastructure, data, and adaptive innovation in real time.

• 💸 Sycamore targets ₦1B to close $1.5M debt round

  Already disbursed over $5.5M in loans, Nigeria’s digital lender is scaling up via local debt, dodging forex issues and dilution while riding surging demand.
  

StartEngine’s $30M Surge — Own a Piece Before June 26

Private markets are having a moment, thanks to companies like StartEngine.

The leading alternative investing platform is helping everyday investors like you access deals once reserved for VCs and insiders, including exposure to private market titans like OpenAI, Databricks, and Perplexity.¹

How’s it going? In Q1 2025, StartEngine pulled off $30M in revenue, its biggest quarter ever (based on unaudited financials).²

But StartEngine isn’t just a middleman. The company earns 20% carried interest on select pre-IPO offerings, unlocking value for shareholders when these deals succeed.³

How can you tap into this diversification play? By investing in StartEngine.

StartEngine has crowdfunded $85M+ to date, and you can join 45K+ shareholders before the company’s current round closes on June 26.

Invest in StartEngine

_{Reg A+ via StartEngine Crowdfunding, Inc. No BD/intermediary involved. Investment is speculative, illiquid & high risk. See OC and Risks on page.}

• 🌍 COREangels unveils $10M fund for MEA startups 🌱
  Backing SDG-aligned tech like Reeple and eMaisha Pay, this angel collective fuses capital, coaching, and community into one hybrid rocketship.

• 💳 Fincra wins SA payments license—goes continental 🌍

  With TPPP approval in South Africa, Fincra can now offer real-time payments & EFTs, positioning itself as a serious infrastructure contender in Pan-African fintech.

The African startup ecosystem remains resilient, fast-evolving, and full of opportunity—from VC investments to fintech expansion and market shifts.

🏠 Sakneen (Egypt) is a proptech platform for buying and selling homes, listing both primary and secondary properties.

For developers, it offers digital sales tools—real-time inventory sync, instant search & filtering, one-click offers, and online payments—helping teams close deals faster and smarter.

♻️ Bekia (Egypt) is an on-demand platform that lets users turn trash into cash.

With just 3 quick steps, users can schedule doorstep pickups, recycle sorted waste, and earn rewards. Bekia connects households and businesses with local waste collectors, making recycling easy, profitable, and impactful.

🟢 Empowering the green economy, one bag at a time.