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Nigerian fintech startup Zeeh Africa has funding to consolidate financial data in a single platform.
Zeeh Africa secured the funding from Tekedia Capital, a firm investing in mainly technology-anchored companies operating in any industry, including finance. Founded in 2022, Zeeh Africa specializes in unifying financial data in one place, offering a comprehensive solution for businesses and individuals.
The startup plans to utilize the funds to further develop its cutting-edge financial data consolidation platform, which aims to revolutionize how financial institutions manage and analyze vast amounts of data. By offering a unified solution, Zeeh Africa aims to tackle the challenge of fragmented financial information across various systems and platforms, enabling banks, insurance companies, and other financial institutions to streamline their operations efficiently.
Kenyan-based digital bank Umba has secured a $5 million debt facility from Star Strong Capital to accelerate its growth and reach more customers across Africa.
TowerCo of Africa Tanzania (TOA Tanzania), a telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) to bolster its network across the country.
The European Investment Bank’s (EIB) global development arm, EIB Global, has committed €25 million to Amethis Fund III, a pan-African private equity fund.