Funding In Southern Africa
South Africa: Spear Capital invests R100mln in RunwaySale
In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed. See more
SA cashless payment platform Sticitt lands R3m from new VC
Cape Town based cashless payment platform Sticitt has landed a R3-million investment from a new SA venture capital (VC) company, Crucis VC. Sticitt was founded in 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff (pictured above, from left to right, respectively) and today has nine employees. See more
Funding In West Africa
Nigeria: Sanlam Emerging Markets acquires full stake in FBN Insurance
South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its subsidiary FBN General Insurance. See more
Funding In East Africa
Ugandan Fintech Startup Eversend Raises $706k Through Crowdfunding
At a time when investors are conserving their cash, Ugandan digital-only finance platform, Eversend, which is providing cross-border money transfers among other services, is defying the odds to secure EUR634,000 (US$706,000) in investment through a Seedrs crowdfunding campaign. See more
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