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Category: New Investments
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Egypt-Based Investment App Thndr Raises $15.7 Million to Expand in MENA
Thndr, a digital investment startup based in Cairo, has secured $15.7 million in its latest funding round.
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Egypt’s Qardy Acquired by Catalyst Partners ME in $23 Million SPAC Merger
Catalyst Partners Middle East (CPME) has acquired Egyptian fintech startup Qardy in a $23 million deal.
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EIB Global and Family Bank Launch €100 Million to Support Women and Youth-Led Businesses in Kenya
The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.
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South Africa’s AURA Raises $15.1 Million Series B Funding to Expand Emergency Response Tech Globally
AURA, a South African startup offering emergency response services, has raised €13.5 million (around $15.1 million) in its Series B funding round.
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Egyptian Proptech Nawy Closes $52 Million Series A to Avance AI Infrastructure and Grow in MENA
Property technology company Nawy has successfully raised $52 million in a Series A equity round to support its strategic expansion across Egypt and the broader MENA region.
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Proparco Partners with RMBV to Boost Mid-Market Growth Through North Africa Fund III
Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.
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FEDA to Lead $1 Billion Investment in Africa’s Film and TV Industry
The Fund for Export-Development in Africa (FEDA), an investment arm of the African Export-Import Bank (Afreximbank), has established a $1 billion Africa Film Fund to support Africa’s growing film and TV industry.
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Platos Health Raises $1.4 Million Pre-Seed to Expand AI-Powered Home Health Monitoring in Nigeria
Lagos-based health technology startup Platos Health has secured $1.4 million in a pre-seed funding round to grow its artificial intelligence-powered health platform, Platos Monitor.
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Egypt’s MoneyFellows Raises $13 Million to Boost Expansion and Reinvent Group Savings in Africa
Egyptian fintech startup MoneyFellows has secured $13 million in a pre-Series C investment round to support its growth beyond Egypt and enhance its digital savings platform.