FMO
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Funding
Kenyan Internet Provider Mawingu Raises USD 9 M Series B Round
Mawingu, a Kenyan-based Internet service provider has successfully closed USD 9 M Series B investment to support its roll-out infrastructure across…
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Funding
Kenya Leads Debt Funding to African Startups With $608 Million
Venture capital witnessed a correction of sorts in 2022 as VC activity dropped from the highs experienced in 2021. Every…
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Financial Services
Peter Maila Joins FMO’s Management Board as Chief Investment Officer
Peter Maila will join FMO starting December 1st, the Dutch entrepreneurial development bank, as Co-Chief Investment Officer (Co-CIO). He will…
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Egypt’s B2B2C payments platform dopay lands US$18mn Series A round
dopay, a B2B2C payments platform that aims to serve 1.7 billion unbanked workers in emerging markets, has finalized a US$18mn…
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Other financial services
IFC and FMO joins forces with I&M Bank to promote SMEs in Kenya
To help smaller businesses across a range of sectors in Kenya access financing for working capital, expansion, and to weather…
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Nigerian Fintech Startup, TeamApt, Bags Series B Funding Round
TeamApt, a fintech startup in Nigeria, has secured an undisclosed amount in a Series B funding round. The Nigerian Startup specializes…
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Kenyan lender Equity Group with European counterparts signs a US$100m credit facility to help MSMEs in Kenya
Equity Group Holdings has signed a US$100 million loan facility to support Micro, Small, and Medium Scale Enterprises (MSMEs) during…
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