The Empower Africa Business Platform is Now Live !!!
Payday (Techstars ’21), one of Africa’s leading Pan-African neobank, has raised $3 million in seed funding to drive the future of work for the continent.
The funding round was led by led by TeamApt Inc. (now Moniepoint Inc) Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors – Dare Okoudjou, Founder and CEO of MFS Africa and ‘Tola Onayemi of Norabase. The investment brings Payday’s total investment to $5.1m, following a $2m+ pre-seed round in 2021. Founded in 2021, Payday is a fintech startup helping Africans send and receive money globally.
Moroccan startup Crealo, a platform tackling the complexities of copyright management, has secured $1.42 million in seed funding.
Impact investment firm Renew Capital has announced an investment in Tendo, a digital platform based in Ghana that enables people to launch their own online businesses with no upfront cost.
Candi Solar, a Swiss clean energy company, has secured $38 million in funding to accelerate its solar power solutions for commercial and industrial (C&I) customers in Africa and India.