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Daily Digest Friday, 4 September 2020

Funding In Southern Africa

Cape Town-Based CredoLab Raises $7m To Expand Across Africa

With the funding, the firm aims to consolidate its leadership in Southeast Asia and expand its market reach in Africa, Latin America, Asia, and key countries across the EU. Read more

Savings App Esusu Raises $2.3M From Acumen Fund & LinkedIn’s Jeff Weiner For US Expansion

The $2.3 million in seed extension bringing total capital raised to $4 million and Esusu will use it to hire exceptional talent to fuel its expansion to one million rental units in the United States. Read more

Nigeria’s Yellow Card Raises Over $1.5M From Andreessen Horowitz To Launch Its Crypto Exchange In Kenya & Cameroon

Yellow Card’s CEO Chris Maurice said the 1.5 million was raised from Andreessen Horowitz, Polychain, Celo, and among others. The firm will use the funds to grow its operations in Nigeria, South Africa and Botswana where it launched a few months ago. Read more

Opinion Corner

Afrofuturistic AKON CITY Underway In Senegal

Senegalese authorities have embraced him as a native son, introducing him by his given name Aliuane Thiam and praising him for investing in Africa at a time of such global financial uncertainty. Read more

How Women-led Agribusinesses Are Boosting Nutrition In Africa

Sangoleye is one of a small but growing number of women who are heading up agribusinesses in Africa, some of which are producing innovative products to combat malnutrition. Read more

In this episode of GFA-Attract, we discuss with Kennedy Mubita, Nairobi based Venture Capital Lead for Africa & Middle east at SC Ventures, the venture capital arm of Standard Chartered Bank. SC Ventures is a $100 million fund focused on FinTech investments.

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

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