The Empower Africa Business Platform is Now Live !!!
The investment round was led by Addition Capital , a venture capital firm headed by former Tiger Global executive Lee Fixel, Flourish Ventures and strategic angel investors.
Founded in 2021, Flash offers cashless payment solutions through its scan-and-pay service, allowing consumers and businesses to make transactions conveniently using QR codes. The startup is on a mission to eliminate the need for cash and physical cards, providing an alternative to expensive NFC-enabled point-of-sale (POS) systems.
Flash’s flagship product is a mobile app that allows users to make and receive cashless payments at merchants across Egypt. Flash also offers a variety of other financial services, including loans, savings accounts, and insurance. With the new funding, Flash plans to expand its product offerings and accelerate its growth in Egypt and beyond. The company plans to launch new lending, savings, and insurance products.
“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.
Twenty African tech ventures—comprising 10 startups and 10 scale-ups—are set to pitch their innovations to potential investors at the upcoming Angel Fair Africa event in Nairobi, Kenya, on November 7-8.
Berita, as she is fondly known, is a Zimbabwean-born singer, songwriter, and music producer.
Kenyan e-commerce and fintech platform Copia Global has made a strategic move, appointing seasoned tech leader John Lazar to its board of directors alongside securing $20 million in fresh funding.