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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Mastercard has announced a strategic partnership with Lipa Later, a leading credit led and technology-driven fintech. This collaboration aims to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions and enhanced payment capabilities. By…
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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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MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a follow-on investment after the startup’s participation in its 2022 Toronto Accelerator program. MyCover.ai will use this capital injection to bolster its…
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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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AZA Finance, an African fintech company, is a global leader specialising in providing secure and efficient financial infrastructure for payments, foreign exchange, and treasury services. The company recently announced the continued diversification of its global offering by expanding into new corridors in key strategic frontier markets. This expansion includes the introduction of new payout corridors…
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Tyme, one of the fastest growing digital banking groups in the world, has successfully raised $77.8m from Norrsken22 and Blue Earth Capital. The two new investors have come on-board as part of its pre-Series C capital raise. This comes as the group’s South African flagship, TymeBank, celebrates its 7 million customer milestone this month (12…
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Village Capital has announced 32 startups operating in Africa, Asia, and the Middle East have been selected to join the Financial Solutions for Migrants program, an accelerator for impact-driven startups developing digital financial inclusion solutions for migrants. The program which is funded by the Impact-Linked Fund for Gender Inclusive Fintech (ILF for GIF), managed by…
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