Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs
South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
The fintech space in Africa is growing rapidly, with the sector raising over $1.4 billion in funding in 2022.
Over the years, the region has emerged as a hotbed of innovation and progress, thanks to the relentless efforts of visionary women who are revolutionizing the financial landscape.
This growth is being driven by a number of factors, including the increasing availability of mobile internet, the growing middle class, and the need for financial services that are more accessible and affordable.
One can scarcely imagine the African fintech landscape without the tireless contributions of a number of trailblazing women who have helped reshape the narrative of Africa’s technological potential, paving the way for an era of financial prosperity and economic empowerment.
These women have shattered glass ceilings and challenged norms, proving that there are no boundaries when it comes to creativity, resilience, and ambition. Their dedication to creating transformative solutions has not only facilitated financial inclusion for millions but also paved the way for sustainable economic growth and social progress.
“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.
Empower Africa shines a spotlight on 30 who have fearlessly navigated the fintech realm, paving the way for inclusivity, accessibility, and economic empowerment across the African continent.
1. Nkiru Amadi-Emina – Founder of Pivo
2. Ife Durosinmi-Etti – CEO of Herconomy
3. Oluwatosin Olaseinde – Founder of Money Africa
4. Fara Ashiru Jituboh – Founder of Okra
5. Martha Dali Mghendi-Fisher – Founder of African Women in FinTech & Payments (AWFP)
6. Maelis Carraro – Managing Partner at Catalyst Fund
7. Delila Kidanu – Co-Founder at Koa Technology
8. Odunayo Eweniyi – Co-Founder at PiggyVest
9. Tebogo Mokwena – Founder and CEO of Akiba Digital
10. Nelly Chatue-Diop – Founder of Ejara
11. Tomilola Majekodunmi – Co-Founder/CEO at Bankly
12. Meghan McCormick – CEO & Co-founder of OZÉ
13. Hilda Moraa – Founder & CEO of Pezesha
14. Jess Anuna – Founder & CEO at Klasha
15. Abigail Komu – Okonji – Consultant, Digital, Financial & Gender Inclusion at Mosi Africa Solutions
16. Mariéme Ndiaye – Director, Merchant Sales and Acquiring, West and Central Africa Visa CEMEA
17. Faith Nkatha Gitonga – Board Member, TechnoServe
18. Nika Naghavi – Group Head of Growth at MFS Africa
19. Mélanie Keïta – Climate Fintech Founder & CEO @Melanin Kapital
20. Sharon Karuga Kinyanjui – Principal Consultant, Diaspora Bridges Advisory
21. Zeituna Mustafa – Country Coordinator, United Nations Capital Development Fund (UNCDF)
22. Lebo Mokgabudi – Financial Inclusion @ IFC
23. Patricia Zoundi Epse Yao – Founder, KIFFPAY-CI
24. Folasade Femi-Lawal – Digital Payment Expert
25. Rose Muturi – Managing Director, East Africa at Branch International
26. Thea Sokolowski – Head of Marketing at Stitch
27. Margaret Ondeng – Product Director @Peach Payments
28. Wachera Muriu – Co-Founder of KopaCent
29. Hayley Hopwood – CRO at Paystack
30. Mariam Cassim – Chief Executive Officer: Financial and Digital Services at Vodacom Group
South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
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