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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.

Renew Capital has announced its investment in Sevi, a Kenyan fintech company regulated by the Central Bank of Kenya.

French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has announced a commitment of up to $10 million in senior secured debt to ARC Ride, an electric mobility company headquartered in Nairobi.

Tanzanian fintech startup NALA has secured $40 million in a Series A funding round, one of the largest of its kind in Africa according to TechCrunch.