Tag: Investment News

MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA), has raised $5.2 million in pre-Series A funding.

Naked, a South African insurtech company, has successfully raised $38 million in a Series B2 funding round.

The OPEC Fund for International Development has pledged $30 million to support the Gulf of Suez Wind Farm in Egypt, poised to become Africa’s largest onshore wind energy project.

SeamlessHR, a Nigerian-based HR technology company, has successfully raised $9 million in a Series-A extension round, TechCabal reports.

PowerGen Renewable Energy (PowerGen) has announced a groundbreaking partnership with leading international investors to establish a scalable platform for distributed renewable energy solutions across Africa.

FARO, a South African startup revolutionizing the fashion industry, has secured $6 million in funding to address textile waste and make fashion more affordable across Africa.

Purple Elephant Ventures (PEV), a venture studio based in Nairobi, has successfully raised $4.5 million in seed funding to drive innovation in Africa’s tourism sector.

Novastar Ventures has announced a $3.5 million investment in Sistema.bio, a Nairobi-based company pioneering renewable energy solutions for smallholder farmers.

Lemfi, a remittance platform catering to African immigrants across 22 countries, has announced raising $53 million in a Series B funding round.