Tag: Africa

TradeDepot, a B2B e-commerce and embedded finance platform in Africa, has scored $110m in a funding found comprised of debt and equity.

VentureSouq, a venture capital firm based in Dubai, has closed its MENA FinTech Fund I on $50m, which marks the first fund of its type in the region.

Asilimia, which is building digital infrastructure to connect African MSMEs to the financial economy, has collected $2m in funding to support its growth.

Aboki Africa, which aims to simplify the currency exchange process, has closed its pre-seed funding round.

South Africa-based Root, as it looks to enter new markets, has collected $3m in its seed round funding.

Nigeria-based lending platform Payhippo has reportedly collected $3m in its seed funding round, as it looks to scale its team to support growth.

Nigeria-based Mono, which helps consumers connect their financial accounts in a single place, has raised $15m in its Series A.

Finclusion Group, which aims to boost financial inclusion in sub-Saharan Africa, has reportedly secured $20m to support enterprise development in the region.

Globacap, which claims to be transforming capital markets, has secured an additional $9m for its Series A round.

South African telecommunications giant MTN has teamed with financial services business Sanlam to provide insurance products to subscribers of MTN in Africa.