Shuttlers, a Nigerian innovative shared-mobility platform, has secured $4 million in funding for expansion.
The funding round was led by Verod-Kepple Africa Ventures, with follow-on investment from VestedWorld, EchoVC Partners, CMC 21 & Alsa, and SheEquity. Founded in 2016, Shuttlers offers a range of shared transportation options, including buses, vans, and cars, with routes that cover major cities and suburbs across Nigeria. Their app-based platform allows users to book rides in real-time, and the company is committed to providing safe, comfortable, and reliable services. The company aims to make transportation more accessible and affordable for all Nigerians.
Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.
TLcom Capital, a leading African venture capital firm, announced the final close of its second fund, TIDE Africa Fund II, at $154 million.
Orca, a South African startup tackling fraud in emerging markets, has successfully secured $550,000 in a pre-seed funding round.
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