">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Monday, January 18, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Funding

Inter Africa Transport Forex raises undisclosed funding from Emerging Capital Partners $640m Africa Fund

Milcah Lukhanyu by Milcah Lukhanyu
2 years ago
in Funding, Startups
6 min read
0

Mauritius-based Inter Africa Transport Forex (IATF), a fintech platform that enables transport companies, especially cross-border ones – to better procure, manage and track their costs has raised undisclosed funding Emerging Capital Partners (ECP).

Founded in 2007, IATF is a Mauritian fintech provides a one stop shop of online payment solutions for diesel, cash pay-outs, road tolls, border payments, parking, insurance, mechanical payments and other electronic payments such as wages through one simple technology platform covering 11 countries. The firm serves more than 145 service points in Zambia, DRC, Zimbabwe, Botswana, Mozambique, South Africa, Namibia, Tanzania, Malawi and expanding.

Transport Forex allows over 650 transportation company customers to order and pay online for all products, services and other expenses for more than 6000 active drivers on its platform. The firm combines online and call-centre channels together with on the ground solutions to meet the practical realities of cross-border transport in Africa.

In November last year, ECP announced the final close of its fourth Pan-African fund, ECP Africa Fund IV (AFIV), a $640 million fund backed by investors from Africa, Europe, and North America to acquire control and significant minority stakes in financial services, consumer goods, telecommunications & ICT, and infrastructure & logistics. IATF is one of the first beneficiaries of the $640 ECP Africa Fund IV fund.

According to Paul Maasdorp, Managing Director of ECP: “We are excited to partner with the IATF team and founders to support their next phase of growth. IATF has built an innovative financial technology platform custom made for the logistics industry providing substantial value to their transport customers.”

READ  Irokotv Reportedly Laying Off Top Executives, Hundreds Others Axed

The platform allows CEOs, CFOs and COOs of cross-border transport companies the simplicity, cost benefits and time savings of managing their fleet costs through a central platform from the comfort of their own office or home.

Carel van der Wath, Head of Technology and a founder at IATF said: “We have partnered with ECP on another investment and know the deep value they bring in terms of strategic insights, organization development and geographic expansion. We are excited to have them on board once again as a value-added partner to help drive our growth.”

Related posts

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

The firm says it has more than doubled sales over the last 24 months as business owners increasingly appreciate the value it brings to fleet management.

“We are excited to have ECP as a partner to assist us to deepen our presence in our existing markets and to expand our network across Burundi, Uganda, Kenya, Angola and other African countries. We are also expanding the rich range of capabilities and products that our technology platform provides,” said Johan Steyn, CEO at IATF.

Readers 2,518

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0
Business

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya
Startups

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0
Startups

France’s OTT platform Molotov expands into 7 African countries

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Top 5 Financial Assets to Invest In 2021 According to Experts

January 18, 2021

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: