Daily Digest

GFA Daily Digest Thursday, 11 March 2021

Funding In Northern Africa

Egypt’s Fintech Startup Dayra Lands $3mn Funding

The Pre-Seed round of funding was led by Tanmiya Capital Ventures, EFG EV Fintech, EFG Hermes, and Y Combinator, as well as multiple prominent angel investors. Read more

Stellenbosch tech startup Quench secures funding from Imvelo Ventures

Overall the startup will use the funding to expand its delivery offering across industries, offering more products to its users. Read more

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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 Emerging

Kenyan lender Equity Group with European counterparts signs a US$100m credit facility to help MSMEs in Kenya

The Group committed to loan repayment accommodation for up to 45% of the customers whose cashflows and operation cycle was deemed likely to be negatively impacted during the Covid-19 pandemic. Read more

Latest News

Taxi-hailing company Bolt creates an eco-friendly platform to make rides Carbon-neutral

The eco-friendly ride will attract similar rates as the Bolt Base category, with a minimum fare of US$2.74 and passengers will be able to choose the new ride-type when they order a car in the Bolt app at no extra cost. Read more

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Ghana healthtech startup mPharma, partners Belayab Pharmaceuticals PLC for expansion in Africa

The membership will enable insured and uninsured patients to access discounts on their medication and access financing options that provide support to the costly burdens surrounding medication. Read more

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