Daily Digest Monday, 28 June 2021
Funding In Northern Africa
Egyptian Social Media Startup, Minly, Secures $3.6mn From A Group Of Investors
The startup intends to use the funds to expand its goods and services to become a full-stack passion economy platform that enables content producers to offer meaningful experiences to their followers across different mediums. Read more
Funding In Eastern Africa
The announcement comes three years after the Build Fund blended finance instrument was launched. It is aimed at SME owners who are unable to acquire funding from local banks to support their operations. Read more
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Funding In Southern Africa
South African ed-tech startup, HyperionDev, has landed $3.5 mn in a Series A funding round
This round of funding attracted over 1,500 investors from over 20 different countries, making it one of the continent’s largest ever EdTech Series A fundraises. Read more
Latest News
The organizations will also collaborate to support local innovation and share information on the latest trends, challenges, and solutions in Africa and globally. Read more