Funding
NjiaPay Closes Over $1 Million in Pre-Seed Funding to Streamline African Payments
NjiaPay’s platform operates and combines PSP’s and payment methods, offering business a single integration point for managing transactions.
Byline
Samuel Ige
Articles credited to Samuel Ige.
Showing 41–60 of 146 articles
M&A
Finimo Founders Sell Fintech Derivate Exipay To Stitch Two Years After Launch
At the time of acquisition, ExiPay held existing contracts with several enterprise clients and PSPs operating in South Africa and other African markets, including omnichannel retail brand Bash. With this acquisition, Stitch will serve Bash for both their online and in-person payments needs, and will continue serving other existing ExiPay clients.
Funding
Ivory Coast’s Cauridor Lands $3.5 Million In Seed Funding to Bolster Africa’s Payment Infrastructure
Cauridor aims to ease cross-border transactions for merchants, banks, telecom operators, and money transfer companies in the untapped region of Francophone Africa.
FinTech
South Africa-based UsPlus Raises $2 million Investment To Bolster SME Financing
UsPlus aims to use the new capital to strengthen its balance sheet and attract further senior debt funding.
M&A
Ignite Power Acquires ENGIE Energy Access In Major African Solar Deal
Ignite Power was founded in 2014 by Yariv Cohen, who pursues the mission of providing solar-powered life-enhancing solutions to some of the continent’s most underserved communities.
Funding
Fincart.io Lands Pre-seed Funding To Revolutionize E-commerce Logistics
Fincart.io addresses these pain points by consolidating the region’s largest courier network into a single platform, enabling merchants to streamline order management, access competitive shipping rates, and unlock financial support.
Funding
Venture Capital Arm of Standard Chartered Backs Furaha With $7 Million
Furaha was founded by Yustus Aribariho and Ian Fernandes, aiming to utilize SC Ventures’ risk management expertise and Yabx’s AI-driven lending platform to address the financial needs of underserved communities.
Funding
Fintech Startup Accrue Lands $1.85 Million Seed Funding To Accelerate Cross-border Payments in Africa
Today, Accrue boasts over 200,000 users across eight African countries: Nigeria, Ghana, Kenya, South Africa, Cameroon, Uganda, Zambia, and Malawi.
Funding
Moniepoint Lands $10 Million Investment From Visa To Support Financial Inclusion Across Africa
Moniepoint has carved a territory for itself by providing digital financial services to individuals and businesses.
Funding
Kenya-based Kapu Secures pre-Series A Funding, Hopes To Expand Low-Cost E-commerce in Africa
Kapu boasts of serving 100,000 households per month and processing 2 million customer orders annually, claiming to have delivered $1m in savings to consumers.
Funding
DisruptTech Ventures Takes First Step Into Blockchain, Invests in Hamilton.
This deal marks a pivotal moment for DisrupTech Ventures, as it indicates a willingness to diversify its portfolio beyond traditional fintech to include blockchain-based solutions.
Funding
SA-based Insight Terra Secures $5.7 Million To Bolster Climate-tech Platform
Climate change in South Africa aggravates the risks to crucial infrastructure. Insight Terra hopes to bridge this converting real-time data into actionable insights and ensure operational safety and regulatory compliance.
Funding
Enko Education Lands $24 Million, Set Sights On Tripling Its Student Reach Across Africa by 2029
As a testament to Enko Education’s impact, the group has seen more than 1,700 graduates secure admission to over 500 prestigious universities worldwide, including Yale University, Sciences Po, and the University of Toronto.
Funding
Maxula Gestion Kicks Off Fresh Funding Round For Tunisian Startups
The funding is in step with Maxula Gestion’s broader ambition to inject fresh life into Tunisia’s sports sector through innovative ideas.
Funding
Renew Capital Backs Kenya’s Sevi With Funding To Enhance Stock Financing For Retailers
The investment will allow Sevi to further develop its technological infrastructure, expand its network of suppliers and retailers, and enhance financial inclusion for SMEs across Kenya.
FinTech
Egypt’s MoneyHash Lands $5.2 million in Pre-Series A Funding, Seeks To Unify African Payment Systems
MoneyHash’s milestone funding comes amid rising investment in African fintech startups, which have proven to be trailblazers in venture capital funding on the continent.
Funding
SA-based Naked Lands $38 Million In Funding In the Insurtech Sector’s Largest African Deal
“This investment marks an exciting milestone, as we continue to define a new category of insurance,” says Alex Thomson, co-founder of Naked.
FinTech
IFC Places Onafriq’s $50 Million Credit Line On Hold
Since its inception in 2021, Onafriq has rapidly spread across Africa through acquisitions and organic growth while its headquarters remained in London.
Funding
Nigeria’s SeamlessHR Lands $9 Million In Extension of Series A Funding, Seeks To Support Expansion Across Africa
Since its inception, Seamless HR has designed its offerings with an outlook on Africa, hoping to expand and adapt its innovative solutions to the various needs of businesses across Africa.
Funding
Ilara Health Secures $1 Million in Loan From The US To Upgrade Kenyan Clinics
The $1 million loan to Ilara Health is part of a larger portfolio of 22 transactions approved by DFC in the first quarter of FY2025, amounting to nearly $3 billion.