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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

Investor interest in African fintech continues to grab headlines with large fundraises. The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. In 2018, MFS Africa raised its Series B and closed at $23 million after some extensions.

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Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. Last September, Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Founders versus investors.

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