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