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South African Fintech Startup Revio Raises $5.2M to Revolutionize African Payments

New Investments

South African Fintech Startup Revio Raises $5.2M to Revolutionize African Payments

Revio, a South African fintech startup, has raised $5.2 million in a seed round led by QED Investors and Partech.

The funding will be used to expand Revio’s team, launch new products, and enter new markets across Africa.

Revio provides businesses with a payment orchestration platform that makes it easy to accept payments from customers all over Africa.

The platform supports a wide range of payment methods, including mobile money, bank cards, and local payment schemes.

Revio’s platform is particularly useful for businesses that sell products and services to customers in multiple African countries.

The fintech startup is already working with a number of leading businesses in Africa, including MTN, Airtel, and Uber.

The company plans to use its new funding to expand its reach and help more businesses streamline their payment processes.

Revio’s latest investment is a sign of the growing interest in fintech in Africa.

Africa has a large and growing population, but many people do not have access to traditional banking services.

Fintech startups like Revio are making it easier for people to access financial services and make payments.

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South African VC Firm Secha Capital Closes $15.8 Million Fund to Invest in Early-Stage Startups

New Investments

South African VC Firm Secha Capital Closes $15.8 Million Fund to Invest in Early-Stage Startups

Secha Capital, a South African venture capital firm, has announced that it has raised $15.8 million in new funding.

The firm plans to use the funds to invest in early-stage startups in South Africa and other African countries.

Secha Capital was founded in 2020 by Rushil Valabh and Brendan Mullen, who have over 20 years of experience in investing and building businesses in Africa.

The firm focuses on investing in startups that are addressing large addressable markets and have the potential to create significant job growth.

Secha Capital has already invested in a number of successful South African startups, including SweepSouth, a digital platform for on-demand home cleaning services, and Luno, a cryptocurrency exchange.

The firm’s new funding round was led by the SA SME Fund, a jobs-focused fund of funds, and also included investments from the venture arm of Rand Merchant Bank, 27four Investment Managers, and Caleo Capital.

The investment by Secha Capital is a positive development for the South African startup ecosystem.

The firm’s focus on investing in early-stage startups is particularly important, as it can help to fill a gap in the funding landscape for South African startups.

The investment is also a sign of the growing interest in investing in African startups.

Africa is one of the fastest-growing regions in the world, with a booming startup ecosystem.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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