DisrupTech Ventures is an early-stage venture capital fund aiming to provide seed funding to up to 28 startups. The VC fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. The investment is projected to be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.
Launched two years ago, DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups focusing on Egypt. The firm adopts a hands-on approach from the beginning, partnering with talented entrepreneurs to transform their vision into reality.
Ghanaian electric vehicle (EV) startup Wahu Mobility and financial service provider Letshego have partnered to make EV ownership more affordable and accessible in Africa.
Nigerian fintech company LemFi has signed a strategic deal with Visa’s Cross-Border Solutions division to fuel its international expansion into key markets like China, India, and Pakistan.
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