Category: New Investments

African payments company Flutterwave has secured fresh funding from Ripple, the U.S.-based blockchain payments firm, in a deal that values the fintech giant at $3.25 billion.

The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.

Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.

French development finance institution Proparco has committed capital through its FISEA fund to EmergingTech Ventures Fund II, strengthening efforts to finance early-stage technology startups in Morocco, Tunisia, Senegal, and Côte d’Ivoire.

South African venture capital firm Holocene has announced the final close of Holocene Ventures Fund I (HVF1).

Moroccan property technology startup Agenz has secured $5 million in fresh funding as it looks to deepen its use of artificial intelligence and expand its digital real estate services across the country.

Egyptian fintech company MNT-Halan has achieved a valuation of $1.4 billion after completing the first closing of a new funding round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.

Egyptian fintech startup Blnk has raised a total of $37.1 million in fresh funding as it looks to broaden access to consumer credit and strengthen financial inclusion across the country.

Egyptian fintech startup Blnk has raised a total of $37.1 million in fresh funding as it looks to broaden access to consumer credit and strengthen financial inclusion across the country.