GFA Daily Digest Monday, 1 March 2021
Funding In Emerging Markets
Africa-focused Investor Sunfunder Raises $140m Funding For Off-grid Energy Companies
The company said part of the funding came from the over-subscribed $70m SET Fund, which saw commitments from new investors including Swedfund and OeEB. Read more
Funding In East Africa
Kenya’s fintech and eCommerce startup Powered by People, raises $1.5mn in seed funding for operational expansion
Essentially, the platform connects international buyers to producers of handmade and natural cosmetics in low-income countries with secure transactions. Read more
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Kenya’s fundraising platform Raise, secures $25k investment to expand and grow its operation
Raise has so far scaled more than 200 companies, transacted over US$150 million in equity on the platform, and created over US$90 million worth of valuations. Read more
Latest News
Investment firm Convergence Partners Acquires Ctrack Africa
The acquisition comes two months after Convergence Partners announced US$5 million further funding for its stake in fintech firm ChannelVAS. Read more