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Cameroon-based fintech startup Nkwa App has raised $15,000 in Seed Funding to accelerate financial inclusion and promote a saving culture
The funding came from local angel investors called Cameroon Angels Network (CAN). Launched in 2020, Nkwa allows its users to regularly save money directly from their mobile phones simply and more safely for their future projects. The startup, which is supported by Cameroon’s Ministry of Finance, plans to invest the latest round of funding in onboarding more customers and scaling operations. Nkwa was among 15 African fintech startups selected to participate in the fifth edition of “CATAPULT: Inclusion Africa,” organized by the Luxembourg House of Financial Technologies (LHoFT) last October.
Cameroon-based fintech startup Nkwa App has raised $15,000 in Seed Funding to accelerate financial inclusion and promote a saving culture.
Mobile money operator Wave has secured $137 million in debt to ramp up its operations and expand into additional African markets.
Smartprof, a Moroccan Edtech startup that has developed an online platform for connecting students with tutors, has received a new funding boost to accelerate its growth.