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Egypt’s MoneyHash Secures New Investment for Its Payment Solutions Expansion

New Investments

Egyptian Fintech MoneyHash Secures New Investment for Its Payment Solutions Expansion

MoneyHash, an Egyptian fintech company, has secured new funding from Tom Preston-Werner, co-founder of GitHub and former CEO, in an undisclosed seed funding round.
 

The investment will support the company’s expansion into new markets and develop new payment solutions.

MoneyHash is a payment processing platform that provides businesses with a variety of tools to accept and make payments online and offline.

The company’s platform is designed to be easy to use and integrate with existing systems, and it offers a wide range of payment methods, including credit cards, debit cards, mobile wallets, and bank transfers.

MoneyHash is currently active in Egypt and Kenya, and it plans to expand into other African countries in the near future.

The company is also developing new payment solutions, such as a buy now, pay later option and a cryptocurrency payment gateway.

In a statement, MoneyHash CEO Ahmed Al-Balaghi said, “We are excited to have Tom Preston-Werner join our team as an investor. His experience in building and scaling successful technology companies will be invaluable to us as we expand our payment solutions and reach new markets.”

Tom Preston-Werner said, “I am impressed by the team at MoneyHash and their vision for building a better payment experience for businesses and consumers in emerging markets. I am confident that they will use this investment to continue to grow and innovate.”

MoneyHash is one of a number of fintech startups in Africa that are developing new payment solutions.

These companies are helping to address the challenges of the continent’s fragmented and intricate payment ecosystem.

They are also helping to make financial services more accessible to businesses and consumers in emerging markets.

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Egyptian Deep Tech Startup Intella Secures $3.4M in Pre-Series A Funding Round Led by HALA Ventures and Wa’ed Ventures

New Investments

Egyptian Deep Tech Startup Intella Secures $3.4M in Pre-Series A Funding Round Led by HALA Ventures and Wa’ed Ventures

Intella, a MENA-based deep tech company, has successfully closed a $3.4 million Pre-Series A funding round led by HALA Ventures and Wa’ed Ventures.
 

The funding round also attracted the participation of Sanabil500, INSEAD’s alumni angel network, and other investors.

Intella is a voice technology company that is developing end-to-end AI models localized for the MENA region.

The company’s flagship product, Intella Voice, is a speech-to-text engine that has achieved state-of-the-art accuracy in Arabic dialects.

Intella Voice is already being used by a number of companies in the region, including telecom operators, call centers, and media companies.

The new funding will allow Intella to accelerate its expansion into the Saudi market and continue developing its AI models.

“We are excited to partner with Intella and support their mission to bridge the gap between the Arab-speaking world and AI advancements,” said Ali Abussaud, Founding Managing Partner of HALA Ventures.

“Intella’s voice technology has the potential to revolutionize how people interact with computers and devices in the MENA region.”

In addition to its speech-to-text engine, Intella is also developing other voice-related AI products and services, such as audio summarization, sentiment analysis, topic extraction, and call scoring.

The company plans to launch these new products and services soon.

Intella is headquartered in Cairo, Egypt, and has offices in Riyadh, Saudi Arabia, and Dubai, United Arab Emirates.

The company was founded in 2020 by Nour Taher and Omar Mansour.

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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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SA Fintech Startup Stitch Announces $25m in Series A Extension Round

New Investments

SA Fintech Startup Stitch Announces $25m in Series A Extension Round

Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.
 
The funding will be used to accelerate the company’s growth, expand its product offerings, and enter new markets.

Stitch was founded in 2021 and has quickly become one of the fastest-growing fintech startups in Africa.
 
The company provides a suite of API-based payment solutions that enable businesses to accept, manage, and disburse payments online and offline. 
 
“We’ve known the Ribbit team for a few years and have consistently been impressed with their knowledge of the space. In particular, they have a strong view of the global landscape, and their exceptional understanding of emerging markets has already proven to be immensely valuable,” said Stitch co-founder and CEO Kiaan Pillay.
 
Stitch’s clients include some of the largest companies in Africa, such as MTN, Multichoice, and Luno.

The Series A extension round is a significant milestone for Stitch and a testament to the company’s strong growth potential. 

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Peach Payments Secures $30M Funding Deal to Accelerate Growth in Africa

New Investments

Peach Payments Secures $30M Funding Deal to Accelerate Growth in Africa

Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.

The funding will accelerate the company’s growth in Africa, develop new products, and expand into new markets.

Peach Payments was founded in 2011 and has since grown to become one of the largest digital payment service providers in Africa.

The company offers various payment solutions to businesses of all sizes, including online payments, mobile payments, and point-of-sale payments.

Peach Payments is headquartered in Cape Town, South Africa, and has offices in Kenya, Mauritius, and Nigeria.

The funding deal is a sign of investor confidence in Peach Payments and the African digital payments market.

Africa is one of the fastest-growing digital payments markets in the world, and Peach Payments is well-positioned to capitalize on this growth.

Peach Payments CEO Rahul Jain emphasized the company’s commitment to simplifying the payment landscape for businesses expanding across Africa.

The fintech startup’s unique feature allows businesses to seamlessly transition into new African countries without having to find new payment partners.

With up to 12 different payment methods, including credit cards, debit cards, instant EFTs, various buy-now-pay-later options, and electronic vouchers, Peach Payments offers a comprehensive solution to the fragmentation in payment methods that plagues many African markets.

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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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Edith Brou Bleu

Edith Brou Bleu

Edith Brou Bleu, the Ivorian entrepreneur, influencer, TV panelist, and radio host, who has left an indelible mark on the technological sphere of Côte d’Ivoire.

 

Born in Abidjan, she is considered one of the most influential figures in the technological sphere of Côte d’Ivoire. Edith co-founded the first Ivorian women’s webzine, “Ayanawebzine,” and played a pivotal role in establishing “Kessiya,” a continuous news media outlet in Côte d’Ivoire. Her contributions have transformed the digital landscape and empowered and amplified women’s voices in the tech and media industries.

Edith is also a passionate advocate for the use of technology to promote education and social development in Africa.
Her tireless efforts have inspired countless individuals to harness the potential of digital tools for positive change. In recognition of her remarkable achievements and influence, Edith was named one of the “100 Most Influential Women in Africa” by The Africa Report in 2022. This accolade solidifies her status as a role model for many African young people and an inspiration to women entrepreneurs and digital activists worldwide.

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Adewale Yusuf

Adewale Yusuf

Adewale Yusuf is a Nigerian tech entrepreneur and technology enthusiast known for his involvement in the tech startup ecosystem in Nigeria and Africa.

 

Yusuf’s entrepreneurial spirit has led him to spearhead several tech ventures that have left an indelible mark. He has been at the forefront of initiatives aimed at solving real-world problems and making a difference in people’s lives through technology.

Yusuf is the Co-Founder of three tech ventures, including TalentQL (Techstars ’21), Techpoint Africa and 
AltSchool Africa. AltSchool Africa is an edtech platform that helps one learn the skills they need to build and grow the career they want. Adewale’s impact extends far beyond the borders of Nigeria. He has been a bridge between Africa and the global tech community, fostering collaborations, and showcasing the immense potential of African innovation on the world stage.

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