Tag: Investment News
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Logidoo Secures Grant to Revolutionize African Logistics with AI
Logidoo, a Pan-African logistics startup, has received a $50,000 grant from the International Development Research Centre (IDRC).
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6 African Fintech Firms Make CNBC’s List of Top 250 Fintech Companies For 2024
Six African fintech companies have been featured on CNBC’s prestigious list of the world’s top 250 fintech companies for 2024.
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Digital Payments Platform TerraPay Secures $95 Million to Boost African Remittances
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.
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d.light Secures $176 Million to Expand Solar Access in East Africa
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.
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Egyptian Fintech Dopay Raises $13.5 Million in Series A Extension Round
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.
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Access Bank Secures $30 Million From Swedfund to Support SMEs in Nigeria
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.
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South African Fintech TurnStay Secures Funding to Expand Travel Payment Solutions Across Africa
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.
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Kenyan Climate Startup Bio-Logical Secures $1.3 Million to Expand Biochar Facility
Kenyan climate tech startup Bio-Logical has secured $1.3 million in funding to boost its Mount Kenya biochar production facility.
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Oasis Capital Ghana Announces First Close of $100 Million Fund for West African SMEs
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).