Weekly Digest

GFA Weekly Digest November 08 – November 12 (Top Stories)

Egypt’s Delivery startup, Breadfast, secures US$26mn Series A funding round from Vostok New Ventures

Deliveries are currently offered in under 60 minutes, with the company planning on bringing that down to 20 minutes by utilizing a portion of the new funding to grow its web of dark stores. Read more

Kenya’s Healthech startup, Shamiri, lands US$1mn to scale its operations across Africa

And with about 6 – 8% of youth diagnosed with depression, the continent struggles with poor mental health literacy, the stigma around mental health issues, and weak healthcare systems. Read more

Egypt’s 20 minutes delivery startup, Rabbit, secures US$11mn pre-seed funding

With investors eager to invest money globally to deliver groceries and other goods from neighborhood fulfillment centers to people’s homes in 20 minutes or less, the spotlight is on Rabbit. Read more

South Africa’s fintech JUMO raises US$120mn to improve & expand its financial service

JUMO claims it will utilize the investment to improve and expand the number of financial solutions it offers to small and medium businesses, in addition to expanding into Nigeria and Cameroon. Read more

Fintech company, Pngme, receives investment from Aruwa Capital

Models that predict creditworthiness, segment customers, and provide computations such as debt-to-income ratio are part of their Insights library, which differentiates them from other data aggregators. Read more

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