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