Daily Digest

GFA Daily Digest Friday, 5 March 2021

Funding In Africa

Ride-Hailing Startup, Bolt, Secures $23.9mn to enable it to thrive and scale in the African market

The latest investment brings the startup’s total financing to more than $534.9 mn and would be used to finance its African market operations. Read more

Funding In Southern Africa

South Africa’s Entertainment Startup Hitchat, Raises $225k In Series A Funding Round

The secured funding will be used towards the launch of new talent that has been scouted out by the HitChat team and further empowering those in disadvantaged communities. Read more

Moroccan Prop-Tech Company Mubawab, Secures $10mn Funding

The startup has had a strong past year and is now expected to add 200 new employees and develop an in-house research and development department. Read more

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Funding In West Africa

Snapchat’s Yellow Accelerator, To Invest $150k In Cameroon’s StarNews Mobile

The startup which is present in four countries, is a network of mobile video channels that allows celebrities and brands to monetize their fan bases in Africa, the world’s fastest growing mobile market. Read more

Latest News

Hellopay Partners Mastercard to launch a tap-on-phone payment method for SMMEs In South Africa

The solution is ideal for low-value transactions and enables merchants to provide a faster checkout in-store, as well as accept payment on delivery. Read more

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