Tag: Africa

Anglophone West Africa-focused Synergy Capital Managers has more than doubled the total raised for its debut fund by pulling in over $230m for the first close of its sophomore vehicle.

Insurance firm Allianz Group has acquired 99.03 per cent of the shares in Nigeria-based Ensure Insurance from the core shareholder Greenoaks Global.

Kenya-based InsurTech platform Bismart has received an investment from GreenTec Capital.

Nigeria-based Piggybank.ng has raised a $1.1m seed round led by LeadPath Nigeria founder Olumide Soyombo.

Lidya, an online invoice generation and financing platform, has collected $6.9m in its Series A funding round.

The Rise Fund, a global impact investing fund managed by TPG Growth, has led a $47.5m Series C for African digital payment provider Cellulant.

MFS Africa, a digital payments processor, has netted $4.5m in its Series B funding round led by China-based LUN Partners Group.

Gates Foundation Accelerator has announced the next four FinTech companies it will invest into.

Branch International, a mobile banking platform for emerging markets, has netted a $70m Series B to expand into additional countries.

WorldRemit, a digital money transfer platform, has launched its transfer services from within Africa to simplify the sending and receiving of money across the continent.