FashionFintechFundingMobilityWeekly Digest

GFA Weekly Digest September 06 – September 10 (Top Stories)

Senegal-based fintech, Wave, Becomes Francophone Africa 1st Unicorn After Secures $200mn Funding

Wave will deploy the funding to deepen its presence in Senegal and Ivory Coast and grow its already 800-strong team across product, engineering, and business. Read more

Kenyan fintech startup, Pezesha, lands an undisclosed 7-figure seed funding for operational expansion

This is done by providing alternative data sources to generate credit scores and building strategic partnerships with in-person social networks that exist in their communities. Read more

Egypt’s beauty startup, Glamera, creates a B2B management system for beauty businesses

The startup has tens of thousands of users and hundreds of providers in Egypt, allowing the former to book appointments at the tap of a few buttons on its app. Read more


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Egyptian fintech startup, MNT-Halan, secures $120mn to scale its operations

Traditional financial institutions are underserving and overlooking more than 70% of Egypt’s young and rapidly increasing population of over 100 million people, despite mobile coverage exceeding 90%. Read more

Nigerian fintech startup, Prospa, secures $3.8mn in pre-seed investment

Registered businesses on the platform can access account numbers and several other features Prospa provides. They are taken through the process of formalizing their businesses and in addition to providing bank accounts. Read more

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