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Tag: Investment News
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Nigerian Fintech Lemfi Secures $53 Million Series B Funding to Drive European Expansion
Lemfi, a remittance platform catering to African immigrants across 22 countries, has announced raising $53 million in a Series B funding round.
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SA’s The Awareness Company Secures $1.6M Seed Funding to Enhance AI and Expand Market Reach
South African SaaS startup The Awareness Company has successfully raised $1.6 million in seed funding to scale its marketing and sales efforts while advancing the AI capabilities of its flagship product.
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Renew Capital Invests in Power Financial Wellness to Boost Financial Health for Workers in Africa
Renew Capital has announced its investment in Power Financial Wellness, a fintech platform dedicated to enhancing financial management tools for workers across formal and informal sectors.
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Egyptian EdTech Startups Schoolz and Ibn Sina Secure Investments from EdVentures
EdVentures, an Egyptian venture capital firm specializing in education technology, has announced six-figure investments in two Egyptian ed-tech startups—Schoolz and Ibn Sina Training Academy.
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PBR Life Sciences Secures $1M in Pre-Seed Funding to Expand Healthcare Analytics in Africa
PBR Life Sciences, a healthcare data analytics company supported by Techstars, has successfully raised $1 million in pre-seed funding.
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Sourcefin Secures $8.2 Million Investment to Empower South African SMMEs
South African fintech and alternative funding provider Sourcefin has secured $8.2 million from Futuregrowth Asset Management.
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South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn
South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
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Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa
Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
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Incofin Investment Management Invests $1.55 Million in Truk Rwanda and Couvoir Amar to Boost Agribusiness and Nutrition
Incofin Investment Management has announced two strategic investments totaling $1.55 million under its Nutritious Foods Financing Facility (N3F), aimed at enhancing food systems and improving access to nutritious food.