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South African fintech startup Peach Payments has closed a $31 million Series A funding round for expansion.
Peach Payments is a cutting-edge payment platform that allows businesses of all sizes to process payments quickly, securely, and efficiently. By leveraging the latest technology and a deep understanding of customer needs, the startup has emerged as a leader in the fast-growing fintech sector. Peach Payments secured the latest investment from Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager. The startup will use the funding to fuel its expansion plans across South Africa and beyond.

Kenyan startup BuuPass has received new funding from Yango Ventures, the investment arm of Yango Group, to enhance its intercity travel booking services and broaden its presence in Africa.

Lagos-based health technology startup Platos Health has secured $1.4 million in a pre-seed funding round to grow its artificial intelligence-powered health platform, Platos Monitor.

The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).