Weekly Digest

GFA Weekly Digest June 14 – June 18 (Top Stories)

South Africa’s Spot Money app creates a new digital solution

The stokvel savings concept has seen increased legitimacy in recent years, operating just outside the financial sector and financing households throughout Africa for decades. Read more

Rwandan Blockchain Startup, Leaf Global Fintech, Raises Funding From UNICEF

The goal is to give seed investment to open-source technology firms in emerging countries that have a positive humanitarian impact, especially in the area of financial inclusion. Read more

Uganda’s Fintech Startup, Ensibuuko, Secures US$1mn Seed funding round

The goal is to scale rural banking infrastructure and digital financial services to millions of customers in Sub-Saharan Africa, with Ensibuuko also gaining access to FCA Investments’ technical resources and a global network of partners. Read more


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Egyptian Ecommerce Startup, Fatura, secures $3mn pre-series A investment round

The company will use the funds to extend its activities to provide further services to manufacturers, wholesalers, and retailers in the B2B sector. Read more

African Game Publishing Startup, Carry1st, Secures $6mn For Expansion

Carry1st plans to use the funds to form new partnerships with international gaming studios, launch and scale its current game portfolio, and develop its product, engineering, and development teams. Read more

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