Funding News in Africa
"This investment marks an exciting milestone, as we continue to define a new category of insurance,” says Alex Thomson, co-founder of Naked.
Since its inception in 2021, Onafriq has rapidly spread across Africa through acquisitions and organic growth while its headquarters remained in London.
The $1 million loan to Ilara Health is part of a larger portfolio of 22 transactions approved by DFC in the first quarter of FY2025, amounting to nearly $3 billion.
The company says it is committed to social impact, focusing on recruitment and training of local “washmen” and establishing a “Washminute Academy” to provide upskilling opportunities for employees and partners.
With this latest funding round, Sistema.bio has raised a total of $18.5 million in 2024. The funds will be used for regional expansion, product development, and supporting the company’s anticipated...
Having onboarded over 50 B2B customers and forged partnerships with the United Nations and Microsoft, TACo seems to be gaining significant traction.
At the moment, LemFi operates across 27 send-from markets and 20 send-to countries, including Nigeria, Kenya, India, China, and Pakistan.
Network International will utilize its extensive pan-regional experience to support Money Fellows' expansion into Morocco and the wider African region.
Orbit Startups has a track record of investing in early-stage companies in China and India and has been expanding its presence in the MENA region.
CEO Eltawab also announced that the company is setting its eyes on contracts worth EGP 40 million ($1.3 million) in the first quarter of 2025.
