Africa Money and DeFi Summit has announced nine ventures selected to showcase their cutting-edge Web3, Blockchain, Fintech, and Decentralised Finance (DeFi) businesses to investors and industry leaders, live on stage, in Accra, Ghana on October 3rd and 4th. With a focus on forging connections and bridging the gap between African ventures, corporates and global investors,…
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Vista Group has agreed with ECP, BIO, DEG, Proparco and Envol Afrique to acquire, subject to regulatory approvals, 61.4% of Oragroup S.A, the holding company of Orabank based in Lomé and operating in 12 West and Central African countries (Togo, Cote D’Ivoire, Benin, Senegal, Burkina-Faso, Guinea, Guinea-Bissau, Mali, Niger, Tchad, Gabon, Mauritania) with total assets of…
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Moove, the world’s first mobility fintech, announces today that it has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior…
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The Africa Money and DeFi Summit, supported by Amazon Web Services, Pivo and Fonbnk, aims to connect African fintech and Web3 industries with international players and will take place in Accra, Ghana on October 3rd and 4th, 2023. With a focus on driving tech investments and fostering collaborations, industry experts, investors, regulators including Bank of Ghana,…
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Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has secured $12 million in an equity and debt funding round to deepen the penetration of its services in Nigeria and support the delivery of targeted financial services to drive business growth across the country’s pharmaceutical sector. The $8…
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Moove, the world’s first mobility fintech, has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to USD $28mn. This follows Moove’s USD $20mn financing facility from Absa for its South Africa operations announced in June 2022. The new funding will play a crucial…
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M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth. Over $200m…
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Payday, the leading Pan-African neobank issuing global (USD, EUR & GBP) accounts to Africans, has announced a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi CEO of Norebase….
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During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s growth potential and will help enable greater access to digital payments as an entry point…
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