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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Razaq is a Nigerian tech entrepreneur and the Founder and CEO of Cowrywise.
The startup provides investment management for Africans and enables access to savings and investment products securely.
Before founding Cowrywise in 2017, Razaq launched Sart Partners, an investment management and financial advisory firm that offered companies strategic, financial and industry expertise.
At Cowrywise, Razaq has led the startup to become one of the leading fintech platforms in Africa. The company is the first to be accepted into the Catalyst Fund program in Nigeria and has previously received support from JP Morgan and UK Aid.
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Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.
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AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.