These exciting additions to the company’s portfolio showcase the impact of their Fuzé initiative, dedicated to bridging the funding gap for Francophone startups.
The four startups include:
1. Valorigo – a Democratic Republic of Congo-based online marketplace that simplifies access to healthcare products for consumers while boosting visibility and sales for pharmacies. Supported by IMPACT Lab and Kobo Hub, Valorigo is revolutionizing healthcare access in the region.
2. Kwely Inc. – a B2B e-commerce platform championing Made-in-Africa products. The startup aspires to become the continent’s leading B2B marketplace. By connecting African buyers and sellers globally, Kwely aims to reshape perceptions of African products and streamline cross-border trade.
3. MONSAPO – a Tunisian startup specializing in eco-friendly cleaning products, is committed to circular economy principles, catering to both individuals and professionals. Their innovative, sustainable solutions offer an eco-conscious alternative in the cleaning industry.
4. REasy – a startup empowering African SMEs with efficient and cost-effective global financial transactions. By prioritizing speed, traceability, and cost reduction, REasy simplifies payment processes for African businesses, saving them valuable time and resources.
Digital Africa’s Fuzé initiative has been instrumental in transforming funding accessibility for Francophone startups.
Backed by Proparco, Fuzé fosters opportunities, facilitates funding, and amplifies visibility for tech solutions addressing Africa’s specific economic needs.
With an investment envelope of €6.5 million, Fuzé offers ideation tickets of €20K, follow-on tickets of €30K, and cumulative tickets of €50K, catering to startups at various stages of growth.
“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.
Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.
El Kheta, an Egyptian online learning platform, has secured a significant investment of US$400,000 from EdVentures, Nahdet Misr Group’s venture capital arm.
Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.
© 2021 Empower Africa. All rights reserved.