The Empower Africa Business Platform is Now Live !!!
The round, exceeding its target investment, was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures, and strategic angel investors.
Founded in January 2024 by Thalia Pillay and Carla Wilby, Orca equips banks and fintech companies in emerging markets with easy-to-use yet powerful fraud prevention tools.
The startup aims to empower fraud analysts and compliance officers to combat various financial threats effectively.
Orca plans to leverage the funding to expand its team and focus on building, validating, and iterating its fraud and compliance solutions.
Initially focusing on the South African market, the company will gather customer feedback to refine its offerings.
This investment highlights the growing need for robust fraud protection solutions in emerging markets, where financial institutions and fintechs navigate unique challenges.
Orca’s commitment to providing simple and effective tools positions them to play a significant role in safeguarding the financial landscape in these regions.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
FSDAi Nyala Facility BV, a venture established by FSD Africa Investments, has announced a US$1 million investment in First Circle Capital Africa Fund I.
The World Bank has pledged a $100 million investment to accelerate Zambia’s digital transformation through the Digital Zambia Acceleration Project (DZAP).
In a pivotal move to address the gender funding gap in Africa’s entrepreneurial landscape, Village Capital and Standard Chartered Bank have joined forces to launch a pilot financing facility.