New Investments
Cameroon-based fintech Nkwa App secures $15,000 in funding to accelerate financial inclusion and promote a saving culture
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt’s Automotive Aftermarket Industry
Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.
Mastercard Foundation Pledges $360 Million for African Girls’ Education
The Mastercard Foundation has announced a significant expansion of its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE) to support young women and girls in Africa.
BFA Global, FSD Africa, and IUCN Select 10 African Startups for Blue and Green Economy Initiatives
Ten African startups have been chosen to receive funding as part of the Africa Blue Wave and Regen Wave initiatives, a collaborative effort to unlock solutions for a sustainable future.