Moniepoint Raises Over $200 Million in Series C Funding to Expand Financial Inclusion in Africa
Nigerian fintech Moniepoint Inc. has successfully raised more than US$200 million in a Series C equity financing round.
October 22, 2025
New Investments
Egyptian Quick Commerce Startup Rabbit Raises Undisclosed Funding For Expansion
Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.
The company also announced fresh funding from leading investors, though the total amount remains undisclosed.
Launched in 2021 by Ahmed Yousry, Walid Shabana, Ismail Hafezz, and Tarek El Geresy, Rabbit specializes in rapid delivery of groceries and everyday items through a tech-enabled network of dark stores—mini warehouses located within neighborhoods. The company promises delivery times as fast as 20 minutes.
To support its growth, Rabbit secured funding from prominent regional firms including Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital.
They join existing backers such as Global Founders Capital, Goodwater Capital, Hub71, Simple Capital, and Foundation Ventures.
In its expansion to Saudi Arabia, Rabbit plans to deliver 20 million items across major cities by 2026.
Operations have already begun in Riyadh through a series of local fulfillment centers positioned to ensure fast and efficient service.
“We’re proud to bring our innovative service to Saudi Arabia,” said co-founder Ahmed Yousry. “Rabbit Saudi is being built with local talent to meet the unique needs of Saudi families, delivering favorite products in just 20 minutes.”
Share :
“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.
You may also like...
Nigeria’s MAX Raises $24 Million to Scale Electric Mobility Financing
Metro Africa Xpress (MAX), a Lagos-based mobility financing firm, has secured $24 million in a combined equity and debt investment, reinforcing its shift to electric vehicle (EV) financing across West and Central Africa while building on recent profitability in its home market.
January 16, 2026
South African Biotech Startup Immobazyme Secures $1.3 Million in Funding
South African biotechnology company Immobazyme, founded in 2019 as a spin-off from Stellenbosch University, has secured $1.3 million in a recent funding round.
June 23, 2024