Funding In Africa
Fintech Pngme secures US$15mn in Series A round
With this funding, the startup is looking to strengthen its team and increase its customer base. To do this, they have hired new executives and are currently hiring members for their engineering, data science, and sales team. Read more
Funding In Emerging Markets
Acumen secures $58mn to scale its operations
In response, ARAF began operations in 2020 by investing in 5 companies running operations in Uganda, Nigeria, and Kenya, The fund has several schemes targeted at supporting African farmers. Read more
How to raise $1,000,000 million+ through Venture Financing
FONSIS joins forces with KfW to launch US$35mn Oyass Capital for SMEs
The Fund Manager will be selected through a tender procedure. On this part, they welcome all interested parties to apply to the prequalification selection. Read more
Oikocredit invests $2.72mn in Fin’Elle to support women entrepreneurs in Côte d’Ivoire
Fin’Elle’s mesofinance products cater to the needs of SMEs that need a loan but would be seen as too small for commercials banks and too big for MFIs. Read more
