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Trade has the least startup activity in a market that received $5 billion in VC funding last year. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund.
million in seed funding. Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. CinetPay , a payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa, has secured $2.4
The company also just closed on $14 million in funding to expand its business across Africa. It was at a time when a lot of development financiers were funding the nexus between agriculture and energy,” said Ibrahim. That timing is part of what has enabled SunCulture to succeed where other companies have stumbled.
European venture capital fund Speedinvest led Julaya’s pre-Series A extension round. This week, TechCrunch featured Byld Ventures , a $15 million fund targeted at African fintechs. Byld Ventures, a $15M fund, backs fintechs in Africa. “I Those numbers have increased fivefold to more than $7.5 Image Credits: Julaya.
Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. Banks and telcos are heavy players, so are some companies like E-Settlement, a holding company for different financial entities. ’s pipeline. For now, Yep!
WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. The Maghreb market is new territory for MaxAB and the acquisition positions it as the most funded and largest B2B e-commerce platform for retailers and suppliers.
Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands. Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. The company, which in October last year raised $13.1
The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service. Image Credits: Gozem.
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