Tag: Digital Transformation

TerraPay, a digital payments platform focused on Africa, has announced a $95 million debt financing round to accelerate low-cost remittance transactions across the continent.

d.light, a leading provider of affordable solar solutions, has secured a $176 million debt financing deal to expand its reach in Kenya, Tanzania, and Uganda.

Dopay, a fintech platform focused on providing digital payroll and payment solutions to the unbanked and underbanked workforce in emerging markets, has successfully raised $13.5 million in a Series A extension round.

Access Bank Plc, Nigeria’s largest bank by assets, received a $30 million loan from Swedfund, a Swedish development finance institution, to support small and medium-sized enterprises (SMEs) in the country.

South African travel technology company TurnStay has secured a $300,000 funding round from DFS Lab and Digital Currency Group (DCG), both headquartered in the United States.

Kenyan climate tech startup Bio-Logical has secured $1.3 million in funding to boost its Mount Kenya biochar production facility.

West Africa-focused fund manager Oasis Capital Ghana has secured $33.3 million in initial commitments for its new $100 million Oasis Africa Fund II (OAF II).

Sanari Capital, a private equity firm focused on African growth companies, announced an R80 million (approximately $4.4 million) follow-on investment in EduLife Group, a network of independent schools in South Africa.

Uncover, a Kenyan innovator in personalized skincare, has secured $1.4 million in seed funding to fuel its expansion into the United States, Ghana, and Uganda.