Curacel secures $3 million seed funding to power new insurance experiences and expand into North Africa
Curacel, Africa’s leading insurance infrastructure provider, has raised $3 million in seed funding to roll out new technology solutions designed to power the next generation of insurance experiences in Africa. The new funding will also support the company’s expansion into North Africa. The seed funding round included Tencent, AAF Management (invested in Sure, Flutterwave), Elefund…
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OneOrder secures $3m seed round, led by Nclude with participation from Delivery Hero Ventures and A15
Cairo, Egypt - 05 December 2022 - OneOrder, the MENA-based fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes, has today announced the close of a $3m Seed round. Led by Nclude, this round also sees follow-on investment from leading MENA early-stage VC, A15. New to the round is Delivery Hero Ventures,... Read Article →
Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians. The company will charge a flat fee of £3 per transfer to a limit of £10,000. Kuda compares this to the average fee of 8%... Read Article →
Modus launches $75 million Africa-focused fund
Modus, a Venture Platform operating in MENA comprising VC funds, Venture Builders, and a Corporate Innovation arm, has announced the launch of Modus Africa – a $75 million SDG-focused VC fund that will invest in Africa’s boldest startups powered by AI and Blockchain technologies. The fund is led by two General Partners – Vianney Mathonnet and…
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QoreID: Consumer Data, Bedrock of Africa’s Open Finance System
According to QoreID, access to credible consumer data has been identified as a critical layer that will enable a viable open finance system in Africa. Sarah Essien, Chief Operating Officer of VerifyMe Nigeria, a digital identity and Know-Your-Customer (KYC) technology company with a head office in Lagos, states that the quest for a sustainable open…
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Finastra and Modefin partner to provide best-in-class fintech solutions
Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solution provider helping banks to thrive in the digital age, announced their partnership to offer Finastra’s Fusion Trade Innovation and Fusion Essence solutions to banks in Africa and several Indian subcontinent markets. With Finastra’s solutions, Modefin will help its customers embrace open finance today…
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Quona Capital announces $332M fintech venture fund
Emerging markets venture capital firm Quona Capital today announced the final close of its Fund III at $332 million, significantly exceeding its $250 million target. This is the third fund from Quona Capital since its inception, bringing the firm’s aggregate committed capital to over $745 million. Quona focuses its investments on innovative technology companies that are expanding…
EMURGO Invests in Momint to Expand Adoption of NFTs in Africa
Adaverse, an EMURGO-backed Web3 accelerator focused on Cardano ecosystem adoption in Africa, recently announced its investment in Momint, a Web3 marketplace that makes investing in crypto and NFTs easy for users of all skill levels. Adaverse joined Momint’s highly competitive seed round alongside Outlier Ventures, Mountain Partners, Rob Hersov, and simple.Capital. Adaverse was launched in September…
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Seclore and TFG partner to grow Africa’s cybersecurity market
Seclore, a platform in data-centric security, announced that it has signed a strategic partnership with Tech First Gulf (TFG), an IT infrastructure and Cybersecurity Value Add Distributor, to deliver digital asset protection for Africa’s businesses. The move comes against a backdrop of steadily rising cases of cyber threats and attacks that, according to a report…
NALA enables Apple Pay payments from the UK and US into Africa
Original article by TechCabal. Last week, TechCabal reported that NALA, a Tanzanian-born fintech startup with a growing dominance in East Africa, made a pioneering move in Africa’s fintech space by enabling its African diaspora users to make local payments directly. Now, the fintech has announced another breakthrough for its customers: They can now make payments from the…
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