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Kenyan African ecosystem’s end-to-end fundraising startup, Raise, has secured undisclosed funding from San Francisco-based firm, Carta.
Founded in 2018, Raise is on a mission to help African startups to manage equity, seed rounds, legal compliance, and close deals faster. Raise’s platform is designed to simplify cap table management for startups and companies operating within the African ecosystem by providing a comprehensive solution for managing shareholding structures before and after fundraising.
This allows businesses to focus on growth and building a successful future. Carta’s investment in Raise underscores the immense potential of the African fundraising ecosystem. The capital injection will fuel Raise’s technological advancements, enhancing the platform’s capabilities and enabling it to serve its users better. By combining their expertise and resources, Raise and Carta aim to unlock new opportunities, foster sustainable growth, and amplify the impact of social initiatives across the region.
Complete Farmer, a pioneering agritech company based in Ghana, has secured an investment of approximately €2.2 million (equivalent to $2.5 million) from the European Union-backed AgriFI initiative.
Moroccan startup Tookeez, a pioneer in leveraging blockchain technology to improve customer loyalty programs, has secured $1.5 million in funding.
Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.