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.
MTN MoMo, the mobile money arm of MTN Group, and Mastercard have announced a multi-market partnership aimed at expanding access to digital financial services across Africa.
Raxio Group has officially launched a state-of-the-art data centre in Abidjan, Côte d’Ivoire, named Raxio Côte d’Ivoire (CIV1).
African tech training provider ALX Africa has joined forces with the Patoranking Foundation, established by Afrobeats artist Patoranking (Patrick Nnaemeka Okorie), to unveil a significant $500,000 scholarship program.
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