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Shuttlers, a Nigerian innovative shared-mobility platform, has secured $4 million in funding for expansion.
The funding round was led by Verod-Kepple Africa Ventures, with follow-on investment from VestedWorld, EchoVC Partners, CMC 21 & Alsa, and SheEquity. Founded in 2016, Shuttlers offers a range of shared transportation options, including buses, vans, and cars, with routes that cover major cities and suburbs across Nigeria. Their app-based platform allows users to book rides in real-time, and the company is committed to providing safe, comfortable, and reliable services. The company aims to make transportation more accessible and affordable for all Nigerians.

The strategic investment marks a significant milestone for GoSolr and paves the way for accelerated growth and expansion in the country’s clean energy landscape.

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.

Egyptian fintech unicorn MNT-Halan has successfully raised about $71.4 million through its seventh securitised bond issuance, underlining its growing dependence on debt markets to fuel expansion.