Tunisian online finance news startup Ilboursa.com raises $400,000 to expand to Kenya & Nigeria


Tunisian online finance news startup Ilboursa.com has raised $400,000 to expand to its news offerings in the MENA region and eventually expand to Kenya & Nigeria, reports Wamda.

The French-language startup sold 33 percent of its equity to Tunisian investment firm COTIF Sicar for US$ 400,000 as its first fundraising four years after it was launched with just $2,000.The firm will use the funds to launch into other Francophone African and develop an English version for Kenya and Nigeria.

Ilboursa.com founder, Ismail Ben Sassi graduated Toulouse School of Economics with a bachelor’s degree in economics and statistics and a Master’s degree in Finance at the Sorbonne and a Master specialized in Financial and Banking Techniques at the University Paris II-Panthéon-Assas.

After a short stint as a banker, he founded the site in 2013 and has run it ever since consulting for businesses and investors on stock exchanges in Tunis, Casablanca, Algiers and Abidjan. The expansion into more francophone Africa and an English version to cover Anglophone Africa will make the site Africa’s go to financial news platform taking on financial data platforms such as Abacus, Asoko Insight among others