Daily Digest

Daily Digest Monday, 5 July 2021

Funding In Nothern Africa

Moroccan fintech startup, Yalla Xash has received $675k from Maroc Numeric Fund II

Maroc Numeric Fund was launched in 2010 and has since been a go-to investment fund for software businesses with success stories coming from North Africa. Read more

Funding In Western Africa

Nigerian Fintech Startup, Payhippo, Secures $1m in Pre-seed Funding

Most of these businesses are creditworthy, but traditional banks and lenders don’t lend to them because there are no credit scores and collateral requirements are too high. Read more

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Nigerian Fintech startup, FairMoney, lands $42mn Series B round

With an active presence in Nigeria and India, the startup plans to diversify its current offerings and expand to become the preferred financial destination for its users. Read more

Funding In Southern Africa

Black hair care and lifestyle brand startup, Brown and Ayo has bagged $280k from Enygma Ventures

The investment reflects the venture capital firm’s ongoing mission to support women entrepreneurs across the SADC. Read more

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