GFA Daily Digest Tuesday, 9 March 2021
Funding In Northern Africa
Egyptian Reward-based Startup Koinz, Secures $4.8m In Seed Funding Round
Perhaps the above facts are what attracted Justin Mateen who had previously been investing in early-stage companies all over the world for years, but has now chosen to invest in an African startup for the first time. Read more
Funding In Southern Africa
Fintech group Adumo, lands $15mn in funding
The large investment, placed as preferred shares to fund the growth of the company, will enable the fintech to make digital payment systems more affordable access to small businesses in Africa. 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 Emerging Markets
Google pledges $25mn to support women in Africa
The challenge provides $25-million in cash grants to non-profit organizations and social enterprises that are aimed at improving the livelihoods of women and girls’ lives. Read more
Opinion Corner
How has Covid-19 impacted private equity in Africa?
One major difficulty for PE investors, especially when lockdowns were at their hardest, was the inability to get on-site and visit businesses that had investment potential. Read more