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Cape Verdean Fintech Startup Makeba Raises $2.8m Through Crowdfunding

Makeba, an Africa-focused fintech startup in Africa that combines point-of-sale payments and money transfer into mobile applications exceeded its minimum-raise goal, bringing in more than $300,000 in its latest round of crowdfunding via the WeFunder platform.

The pre-money valuation of the company is $30 million, and interested individuals can invest in the company for as little as $240 through the crowdfunding platform, according to a release. So far, 246 investors have invested $2,862,500 million in debt and equity, giving it the go-ahead to deploy in its first test market of Cape Verde, Africa.

Makeba: Easier payments and remittances for emerging markets | Wefunder

Makeba has also entered into a partnership with the Government of Cape Verde to provide pension funds via contactless Makeba wallet transfers and to provide a digital payment option for students at the Cape Verdean Public University. Capital raised in this round will go to the expansion and rollout of services in the U.S.

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