GFA Daily Digest Monday, 22 March 2021
Funding In Western Africa
Delivery Startup,Kwik Delivery, Raises $1.7m Funding
The Delivery platform is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters. Read more
Nigeria’s communications platform-as-a-service startup,Termii, raises $1.4mn in a seed round
So the company leverages a virtual wallet system tied to a bank account and customers can make payments to the platform using mobile money, bank transfer and credit cards. Read more
Fintech Startup Blueloop, Secures, US$125k in Pre-Seed Funding Round
Having noticed this, the team has built the Flux merchant, a web platform that allows merchants to fully set up their accounts, fill their compliance, and generate payment links for their products and services. Read more
Apply For Funding GetFundedAfrica provides equity capital from $1,000 to $50,000. For larger amounts (Above $50,000) we organize syndicated funding rounds of up to $500,000. Apply Here
Funding In Eastern Africa
Ethiopian Fintech Startup, ArifPay, Raises $3.5mn
AirPay sold 140,000 shares to 31 investors, each worth 1000 ETB ($24.23). The stock was sold on the open market. However, this was a private placement rather than a public offering. Read more
Latest News
Flourish Ventures expands to East Africa, to support African fintech startups
Flourish Ventures, a global fintech venture capital company, has established a new office in Nairobi Kenya to support African fintech startups. Read more