The Empower Africa Business Platform is Now Live !!!
Propel, a Nigerian talent-matching startup that builds sustainable talent pipelines for communities, has raised $2.74 million in seed funding
The round was led by Amsterdam-based No Such Ventures, with participation from APX, Golden Egg Check, and Future of Learning Fund. Founded in 2020 by Sunkanmi Ola, Seun Owolabi, and Abel Agoi, the platform connects communities with global companies, helping to derisk the process of hiring remote talent from emerging markets, particularly in Africa.
Propel plans to use the investment to drive the roll-out and adoption of its community-as-a-service platform. Propel’s platform is currently used by over 100 communities in Africa and the Middle East. The company has seen strong growth in recent months, with the number of job postings on its platform increasing by 300%.
With this latest funding, Propel is well-positioned to continue its growth and become a leading platform for connecting communities with global companies.
Mediterrania Capital Partners, a private equity firm focused on growth investments in Africa, has officially announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million.
UK-based technology company MOPO, known for its innovative pay-per-use battery rental solutions, has secured significant funding from British International Investment (BII), the UK’s development finance institution and impact investor.
Founded in 2019, Kuda has rapidly evolved into one of the most prominent fintech startups in Africa, offering innovative financial solutions and reshaping the way individuals access and manage their money.