The funding round was co-led by Aruwa Capital Management and Newtown Partners, with participation from Ventures Platform.

MDaaS Global, co-founded in 2017, focuses on providing tech-enabled healthcare services to underserved communities in Nigeria.

The company operates 17 diagnostic centers across 10 states, offering services such as imaging, cardiac diagnostics, and laboratory testing.

With the new funding, MDaaS Global plans to establish a presence in all 36 Nigerian states through a combination of company-owned and franchised clinics.

This expansion aims to improve access to quality healthcare for millions of Nigerians, particularly those in underserved areas.

“This funding is a significant milestone for MDaaS Global,” said Oluwasoga Oni, CEO of MDaaS Global.

“It will allow us to reach more Nigerians with critical healthcare services and further our mission of making quality healthcare accessible and affordable for all.”

MDaaS Global also uses its SentinelX app to offer patients access to personalized care programs, including preventive healthcare options.

While the company initially focused on direct-to-consumer services, it has found success offering its services to businesses, providing them with employee health screenings and government-mandated testing.

The round was led by 212 VC, with participation from Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and the Swiss Founders Fund.

This latest investment builds upon RemotePass’ previous funding success, which included a pre-Series A round led by BECO Capital in 2021.

The company plans to leverage the new funds to enhance its platform’s enterprise-level functionalities and expand its presence in Saudi Arabia, while focusing on product localization for diverse markets.

Founded in 2020 by Kamal Reggad and Karim Nadi, RemotePass empowers businesses to hire, onboard, manage, and pay remote workers across the globe, simplifying the complexities of international employment regulations and currency variations.

The platform currently serves an extensive client base, including renowned companies like Spotify and Logitech, facilitating remote work opportunities for individuals in over 150 countries.

This funding round coincides with a significant surge in remote work across Africa.

According to surveys, 73% of working professionals in Africa prefer remote work, with the number of tech and remote companies recruiting in the region also experiencing a staggering 800% year-on-year increase in 2022.

Founded in 2020, BFREE leverages artificial intelligence (AI) to revolutionize credit collection processes across emerging markets.

“We are focused on tackling risk management challenges within African economies,” stated BFREE CEO Julian Flosbach.

“By harnessing AI, we create solutions that empower both lenders and distressed borrowers, ultimately contributing to financial stability across the continent.”

Initially focused on automating credit collection software, BFREE has strategically shifted its approach.

The company now utilizes extensive data on non-performing loan portfolios to expertly evaluate and structure acquisitions in collaboration with investors like alternative asset managers and hedge funds seeking to capitalize on emerging market credit portfolios.

This latest funding round, led by Capria Ventures, will be used to improve BFREE’s suite of risk management solutions tailored for banks and lenders. Additionally, the funding will support BFREE’s expansion plans across the African continent.

Susana García-Robles, managing partner at Capria Ventures, believes BFREE is well-positioned to play a vital role in enhancing financial service accessibility and mitigating risk.

“We anticipate BFREE spearheading the creation of a secondary market for distressed assets on the continent,” she remarked.

This new investment follows a $500,000 pre-seed funding round secured in October 2023. The fresh capital will be used to enhance and deepen AI integration on the company’s platform, alongside supporting growth and expansion plans.

Cue has also announced leadership changes, appointing Rhett Trickettl as Chief Product Officer, Ryan Egnos as Chief Revenue Officer, and Richard Nischk as Chief Executive Officer.

Founded in 2018, Cue offers businesses AI-powered customer service solutions on platforms like WhatsApp and social media.

They provide chatbots, live chat functionalities, and have already served over 300 clients, including expanding their reach to the United Kingdom.

Cue aims to deliver fast, personalized, and seamless customer service experiences while reducing communication wait times.

They have already demonstrated success, driving a 160% sales conversion for Mancosa, a 13% increase in response rate for AutoZone, and a 7% increase for Richfield.

Additionally, Cue helped King Price Insurance achieve a 77% return on investment by automating insurance quotes and reduced customer service costs by 73% for Affinity Health.

The new funding will enable Cue to further integrate AI into its platform, allowing businesses to automate routine customer inquiries and leverage data insights to optimize customer engagement and improve support.

The African AI market is projected to reach $6.9 billion in 2024 and is expected to grow significantly, reaching $18.3 billion by 2030.

This growing trend is evident in recent developments, such as the launch of Jetvision.ai, an AI-powered platform for cross-border trade in Africa by Ghanaian digital freight forwarder Jetstream Africa.