Funding News
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Funding
Rapyd to Acquire PayU’s Global Payment Organization for $610 Million
PayU has reached an agreement with Rapyd, a leading Fintech-as-a-Service provider, that Rapyd will acquire PayU’s Global Payments Organisation (GPO)…
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Funding
Moroccan Medical Distribution Firm Promamec Secures €30 Million Investment from Vantage Capital for Minority Stake
Vantage Capital, Africa’s mezzanine fund manager, announced today that it closed a €30 million equity investment for the acquisition of…
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Funding
Innovative Egyptian Fintech Startup Exits MENA Raises $1.25m in Pre-Seed Round
Egyptian startup Exits MENA, a fintech investment banking marketplace, has extended its seed round to US$1.25 million with investment from…
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Funding
UBA Group Partners with AfCFTA Secretariat to Provide $6 Billion in Innovative Financing for African SMEs
The African Continental Free Trade Area (AfCFTA) Secretariat has signed an agreement with UBA Group that will see the bank provide up to $6…
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Funding
Haul247, Nigerian Logistics Startup, Secures $3 Million Seed Funding to Fuel Market Expansion and Drive Innovation Across Africa
Haul247, a logistics tech platform based in Nigeria, has successfully raised $3 million in seed funding. The funding will be…
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Funding
Kenya to Invest $37m in Last-Mile Fibre Optic Cable Connectivity
The Communications Authority of Kenya (CA) and the ICT Authority (ICTA) have signed a contract to improve last-mile fiber optic…
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Funding
$11M Funding Round to Strengthen Troop Expansion
Troop, a meeting management platform, has raised $11 million in its latest fundraising round, which it intends to use to…
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Funding
EIB and TDB Team Up to Provide $400m for African SMEs
The European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB) will support a new…
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Funding
South Africa’s Envisionit Deep AI Gets $1.65M to Expand Access to Medical Imaging
Dr. Jaishree Naidoo was in charge of pediatric radiology at a South African hospital in 2014 when she had a moment…
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Funding
SA Breakdown Management Startup RNR Raises $555k Funding Round
South African startup RNR, a breakdown management company with technology that mobilizes a network of nationwide suppliers to service entire…
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