M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four African markets, announced its $75M Growth Equity round. The round was led by …
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Entrepreneurship
VALR, a cryptocurrency exchange headquartered in South Africa, today announced that it has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company …
- AgricultureEntrepreneurship
AgDevCo Secures $90 Million of DFI Funding to Invest in African Agribusinesses
AgDevCo, the specialist investor in early-stage African agribusinesses, has announced a $90m packages of new funding from the CDC Group, Norfund and DFC which will allow AgDevCo to continue to …
- EntrepreneurshipNorthern Africa
Egypt launches $50m venture capital initiative to support tech startups
Egypt has announced a $50 million venture capital programme backed by the World Bank to support and finance new and existing startups. The project is aimed at supporting young innovators …
OneOrder, an Egyptian supply chain tech startup, has secured $1 million in funding from A15, MENA’s premier venture capital firm. OneOrder aim to solve the inefficiencies in a restaurant’s supply …
(Bloomberg) — Nigerian financial-technology company Tingo Inc is seeking $500 million to expand across Africa partly through acquisitions, Chief Executive Officer Dozy Mmobuosi said. Tingo, which trades over the counter …
- EntrepreneurshipSouthern Africa
Stitch, a South African finance startup, has raised US$21 million in a Series A round
Stitch, a South African API fintech startup, has acquired a Series A investment round of US$21 million. PayPal Ventures, TrueLayer, firstminute capital, The Raba Partnership, CRE Venture Capital, Village Global, …
- EntrepreneurshipWestern Africa
CrowdForce, a Nigerian agency banking startup, has raised US$3.6 million in a pre-Series A round
CrowdForce, a Nigerian startup supported by Y Combinator, has secured US$3.6 million in pre-Series A funding. Aruwa Capital Management led the US$3.6 million pre-Series A round, which included both stock …
African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in just twelve months. In March 2021, the San …
- EntrepreneurshipWestern Africa
Nigerian fintech startup Duplo raises $1.3M pre-seed funding for expansion
Duplo, a Nigerian fintech backed by Y Combinator, has raised $1.3 million to digitize payment processes for B2B businesses. Oui Capital, an early-stage pan-African venture capital firm, led the pre-seed …