Rwanda-based mobility startup Ampersand has secured $9m loan facility from the US International Development Finance Corporation (DFC) to expand its operations in Rwanda and Kenya.
The loan is part of
BasiGo, an e-mobility startup based in Nairobi, has on Tuesday, announced its entry into the Kenyan market. This announcement is coming after the startup raised a $1 million pre-seed funding.
Y Combinator-backed Nigerian Fintech startup Lemonade Finance has raised a $725k pre-seed funding round to help it scale.
The pre-seed round was spearheaded by Y Combinator. Other investors in the
South African API fintech startup Stitch has announced expansion into Nigeria, as well as a $2M seed extension bringing their total seed funding to $6M.
Participating investors in the round
Cairo-based e-Commerce fulfillment startup ShipBlu has announced it raised $2.4m in venture funding.
The funding was led by Nama Ventures, a MENA-focused venture capital firm. The likes of 1984
Egypt-based B2B marketplace, Kuzlo, has announced it raised an undisclosed amount of pre-Seed investment.
The funding round was led by Nama Ventures, and Kuzlo seeks to push its products and
Zambian Fintech startup, Union54, has received further investment from Tiger Global, a leading venture capital firm.
The $3 million seed round, which was led by Tiger Global, while Ace &
Nigeria’s food-only delivery platform, Jise, has announced that it has successfully raised One hundred thousand dollars as angel funds from Europe and Africa.
Jise was launched in wake of
Nigerian Fintech startup delivering easy access to affordable premium banking services for small and medium-sized businesses Brass, has secured $1.7m in funding to accelerate its expansion into South Africa
Ibadan-based B2B e-Commerce startup Alerzo has announced the acquisition of Fintech company Shago Payments to provide new digital services to its 150,000-plus informal retailers.
Alerzo was founded in 2018
Kenya-based Fintech startup Asante has announced a $7.5m Series A investment to help its credit offerings to a host of African countries.
The funding round was led by Goodwell
Cairo-based FMCG Logistics company ILLA has secured a $2M investment round to expand and boost its growth in the market and diversify its offering to the FMCG value chain.
The
