Bokra, the Egyptian Fintech, raises $4.6 Million in a Pre-Seed round
April 23, 2024
Bokra, a Cairo-based fintech, announces the successful closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors, setting it to revolutionise wealth management in the MENA region by…
TLcom Announces Close of a $154 Million Fund
April 22, 2024
TLcom Capital has announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Back in 2022, TLCom Capital announced the first close of $70mn for its…
InsurTech Startup, Pula, Raises $20 Million in a Series B Round
April 16, 2024
Summary Pula, the agricultural insurance and technology company, has closed a $20 million series B funding round that will help provide agricultural insurance to farmers in Africa, Asia and Latin America. The insurance products help …
Mastercard Foundation Fund Opens Applications for Agri-Focused Fund
April 15, 2024
The Mastercard Foundation Fund for Resilience and Prosperity has launched an Agribusiness Challenge Fund, calling for proposals from SMEs in the agriculture sector that can create work opportunities at scale for young women and men, young…
Verod-Kepple Africa Ventures closes a $60 million fund
April 12, 2024
Verod-Kepple Africa Ventures (VKAV) has announced that it has closed its first fund at $60 million. Key institutional investors in the fund include SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency,…
Pezesha Receives $500,000 Technical Assistance Grant from US Development Finance Corporation
April 5, 2024
Pezesha, the digital lending infrastructure for Small & Medium Businesses, has received a $500,000 technical assistance grant from the U.S. Government’s Development Finance Corporation. This support will help Pezesha leverage data science, machine learning and…
Zeepay Raises $3 Million in Equity to Facilitate its Growth
April 4, 2024
Zeepay has announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The funds will go towards expanding Zeepay’s operations in Africa and the Caribbean….
LemFi Receives CBK Approval to Facilitate Remittances to Kenya, in partnership with Wapi Pay
April 3, 2024
LemFi has received Centyra Bank of Kenya’s (CBK) approval to start operating remittances to kenya. This is a significant step as it will allow seamless international payments for Kenyans in the diaspora. Kenyans in the…
Kenyan Startup, Triply, Secures $500,000 Investment from Y Combinator a Few Weeks After Rebranding
April 3, 2024
Y Combinator has invested $500,000, in Triply, the kenya travel tech startup. The investment is to help develop products, expand operations, and partner with others in the travel industry. This investment by Y Combinator is…