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.
Zeepay, a leading Ghanaian remittance and mobile money provider, announced today the closing of a $3 million equity investment from Verdant Capital Hybrid Fund. This marks Verdant Capital’s fourth investment in just over two years.
Fintech startup, Sycamore, has emerged as the grand winner of the second edition of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation, securing a $100,000 prize.
Early-stage venture capital firm P1 Ventures has successfully closed its first institutional fund, securing $50 million to invest in promising technology startups across Africa.
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