Complete Farmer, a Ghanaian agritech startup, has secured $10.4 million in pre-Series A funding to streamline its operations and expand its reach.

The funding round was co-led by the Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital (via its uMunthu II Fund in partnership with Goodwell Investments).

Other participants in the round include Proparco, Newton Partners, VestedWorld Rising Star Fund, Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group’s Alpha Jiri Investment Fund, and Global Social Impact Investments.

Complete Farmer is an end-to-end agricultural marketplace that provides African producers and industries across the globe with competitive markets, resources, and data.

It utilizes in-house cultivation protocols for crop production, ensuring that small and large-scale farmers can rear crops and other agricultural products that satisfy international market needs, reducing post-harvest losses.

The company was founded in 2017 by Desmond Koney, who was inspired to start the business after inheriting his father’s farm and discovering the many challenges faced by farmers in Ghana and across Africa.

Complete Farmer has since grown to become one of the leading agritech startups in Ghana, working with over 10,000 farmers and supplying buyers in over 10 countries.

The new funding will be used by Complete Farmer to expand its team, develop new products and services, and reach more farmers and buyers.

The company plans to launch a new finance solution that promotes remittances from buyers to farmers, as well as a vendor outlet that facilitates the purchase of fertilizers and commodities by farmers.

The investment in Complete Farmer is a sign of the growing interest in agritech in Africa.

The continent is home to over 60% of the world’s arable land, but its agricultural sector is still underdeveloped.

Agritech startups are playing a vital role in addressing this challenge, using technology to improve efficiency and productivity across the agricultural value chain.

This brings the company’s total investment to date to $13.5 million.

ANKA provides a comprehensive e-commerce solution for African businesses, including website design and development, payment processing, and shipping.

The platform also offers a variety of features to help businesses grow their online sales, such as marketing tools and analytics.

ANKA plans to use the new funding to strengthen its product development and expand its services.

The investment in ANKA is a sign of the growing interest in African e-commerce.

E-commerce sales in Africa are expected to reach $30 billion by 2025, according to Statista.

ANKA is well-positioned to capitalize on this growth with its comprehensive e-commerce solution and focus on African businesses.

The round was supported by several notable investors, including Launch Africa Ventures, Soumobroto Ganguly, and David DeLucia, along with several angel investors.

Fixit45 is a mobile app that provides on-demand car maintenance and repair services.

The app allows users to schedule appointments with verified mechanics who come to their location to perform the necessary services.

Fixit45 also offers various other services, such as car wash, roadside assistance, and spare parts delivery.

The company was founded in 2022 by three entrepreneurs: CEO Olumide Soyombo, COO Tolulope Olanrewaju, and CTO Samuel Olatunji.

Soyombo is a former engineer at Google and Microsoft, while Olanrewaju and Olatunji have both worked in the Nigerian auto industry.

The pre-seed funding round will be used to expand Fixit45’s operations in Nigeria and other African markets.

The company also plans to use the funds to develop new products and services, such as a subscription-based car maintenance service.

The investment in Fixit45 is a sign of the growing interest in the African auto-tech sector.

In recent years, there has been a surge in the number of startups developing innovative solutions to address the challenges of car ownership in Africa.

According to a report by Disrupt Africa, the African auto-tech sector is expected to reach $5 billion by 2025.

The round was led by African Renaissance Partners, with participation from Norrsken Accelerator, Zephyr Acorn, Marcus Boström, and Draper Richards Kaplan Foundation.

Emata was founded in 2020 by Bram van den Bosch and Ronald Lutwama. The company provides digital agricultural finance to smallholder farmers in East Africa.

Emata’s platform allows farmers to apply for loans quickly and easily, without the need for collateral. The loans are then disbursed directly to the farmers’ mobile money accounts.

Emata’s seed funding will be used to expand its operations across East Africa.

The company plans to focus on Uganda and Tanzania, but it also has plans to expand to other countries in the region.

Emata also plans to use the funding to develop new products and services, such as insurance and advisory services for farmers.

“We are thrilled to have secured this funding,” said Bram van den Bosch, CEO of Emata.

“This will allow us to scale our operations and reach more farmers across East Africa. We believe that digital agricultural finance is essential to help farmers increase their productivity and improve their livelihoods.”

The investment in Emata is a vote of confidence in the potential of agritech to transform the agricultural sector in Africa.

Agritech startups are developing innovative solutions to address the challenges faced by farmers, such as access to finance, inputs, and markets.

hese solutions have the potential to improve food security, reduce poverty, and boost economic growth in Africa.

The funding round was led by a consortium of investors, supported by Rubicon Landing as the transaction advisor and KN Law as the legal advisor.

Lipa Later will use the funding to expand its operations in Kenya and other African countries. The company also plans to use the funds to develop new products and services.

Lipa Later was founded in 2018 and has since processed over $100 million in loans.

The company partners with merchants to offer BNPL financing to their customers. Customers can use Lipa Later to pay for goods and services in instalments, with no interest or late fees.

“We are excited about the opportunities this funding has unlocked for merchants and consumers. We would like to extend our heartfelt gratitude to the investors and supporters for their unwavering trust in our vision. These funds have enabled us to further invest in technology and infrastructure to make our financing solutions even more accessible and convenient for our customers,” Eric Muli, founder of Lipa Later, said.

The BNPL market is growing rapidly in Africa, with a recent study by McKinsey estimating that the market could reach $100 billion by 2025.

Lipa Later is one of a number of African fintech startups that are tapping into this growing market.

With the new funding, Lipa Later is well-positioned to expand its operations and become a leading player in the African BNPL market.