Tag: Startup News

Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.

Maad, a Senegalese logistics platform catering to informal retailers, has secured $3.2 million in seed funding.

Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.

Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.

Egyptian startup Swypex has unveiled its one-stop financial management platform designed to streamline business operations.

The British International Investment (BII) and the Nordic Development Fund (NDF) have pledged $29.5 million towards climate insurance technologies.

South Africa’s leading independent payments processor, Adumo, has been acquired by fellow fintech company Lesaka in a deal valued at ZAR 1.59 billion (US$85.9 million), subject to approvals.

A UK-Malawian venture, Aftrak, has emerged victorious in the Milken-Motsepe Prize in Green Energy, a competition aimed at boosting access to sustainable electricity in Africa.

Nigerian digital identity solutions provider Seamfix has secured $4.5 million in funding to fuel its expansion into five new African countries.