The Empower Africa Business Platform is Now Live !!!
The round was led by Janngo Capital, with participation from a distinguished group of investors, including French soccer players Aurélien Tchouaméni and Jules Koundé, founders of Expensya Karim Jouni and Jihad Othmani, and investment firms SouthBridge Investments and Ciwara Capital.
LAfricaMobile plans to leverage the funds to propel its growth across Central Africa and further enhance its product offerings.
A key focus will be the integration of artificial intelligence (AI) to deliver greater value to its clients and partners.
Founded in 2014 by Malick Diouf, LAfricaMobile empowers businesses to execute large-scale communication campaigns across Africa through its innovative platform.
The platform utilizes a range of mobile technologies including SMS, USSD, Voice, WhatsApp, Airtime, and Text-to-Speech.
With a team of nearly 30 professionals boasting diverse cultural backgrounds, LAfricaMobile has facilitated almost 100 million transactions, connecting over 15 countries and collaborating with 60 operators.
This investment underscores LAfricaMobile’s position as a frontrunner in Africa’s cloud communication and mobile marketing landscape.
The company’s strategic use of the funds positions it for continued expansion and the development of cutting-edge AI-powered solutions to empower businesses across the continent.
“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.
AgDevCo has invested $7 million in Planting Naturals, a Sierra Leone-based producer of certified organic palm oil.
Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.
P1 Ventures, a seed-stage venture capital firm focused on Africa, has secured $35 million in its second fund, bringing it closer to its $50 million target.