Browsing: Africa
How African VC firm Oui Capital returned its first capital with Moniepoint’s unicorn exit
At a recent investor meeting, African early stage investor Oui Capital informed the limited partners that it had returned the initial capital of $4 million after…
Fast-growing South African business FARO raises $6 million to source, refurbish and sell surplus clothing
Global fashion brands they’re fighting billions of dollars” value of unsold inventory. Primarily, these brands avoid reselling in key markets such as the UK and the…
This hidden African stablecoin startup has already processed over $1 billion in cross-border payments
Juicywayan African fintech leveraging stablecoin technology to power fast and cheap cross-border payments is starting from scratch after processing over $1 billion in transaction volume for…
For many emerging market economies, remittances have become a lifeline. Inflows topped $669 billion in 2023, according to World Bank Researchand now account for significant portions…
Paris-based VC Breega closes first $75 million fund in Africa to support start-ups and startups
Paris-based VC firm Brega has seen Africa’s tech ecosystem mature over the years. From receiving less than a billion dollars in venture capital annually to a…
Cadana, an emerging market payroll services provider for global recruiting platforms, raises $7.1 million
The global freelance market, a The $1.3 trillion industry was fueled of more than 200 million knowledge workers, is driving demand for solutions that automate payroll…
Starting in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers worldwide
In early 2022, fintech startup Bloom – not to be confused with Gen Z investment app or large-cap revenue funding platform – was accepted into Y…
YoLa Fresh, a GrubMarket for Morocco, Raises $7M to Connect Farmers with Food Vendors
The fresh produce supply chain in Africa and emerging markets faces a laundry list of challenges every day. They range from environmental and labor issues, to…
OpenseedVC, which supports startups in Africa and Europe, reaches its first $10M funding round.
Founder-market fit is one of the most critical factors in a startup’s success, and operators (someone involved in the day-to-day operations of a startup) turned founders…
Accion’s new $152.5 million fund will support financial institutions serving small businesses worldwide
Accion, a global nonprofit organization, announced Tuesday the launch of the Accion Digital Transformation Fund, a $152.5 million fund for major financial institutions, including microfinance that…