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Tag: Funding

Car classifieds marketplace raises six-digit round, goes enterprise & launches in 10 new African markets

Africar Group has raised an undisclosed 6 digits US dollars amount in 2018, from international investors for expansion in Africa, and now has platforms in 40 different countries taking on struggling Ringier One Africa's Cheki. With 10 new platforms launched in ​Liberia​,Mauritania​,Comoros​,Mauritius​,Nigeria​,Djibouti​,Sudan​,​Republic of Congo​,​Central African Republic and Angola​, Africar Group is by ...

This IoT startup has raised a seed round to bring insurance to undeserved communities in Africa

Insurtech startup Lumkani has closed a seed funding round to provide highly vulnerable, traditionally excluded, low-income consumers living in informal settlements with insurance coverage. The funding round was led by 4Di Capital and Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion with participation of Lireas. Lumkani ...

Nigeria’s TradeDepot Secures $3 Million Series A Led by Partech to Digitize FMCG Distribution to Informal Retailers in Africa

TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched Africa Fund. The Series A round which will support the expansion of TradeDepot’s footprint in Nigeria and development in other countries. According to Onyekachi Izukanne, co-founder and CEO of TradeDepot, “This ...

Sierra Leone’s Easy Solar raises undisclosed funding from Acumen Fund & Gaia Impact Fund

Sierra Leone's Azimuth trading as Easy Solar, a pay-as-you-go solar distribution company has raised funding from Acumen’s Pioneer Energy Investment Initiative, an effort to bridge the funding gap in off-grid energy and accelerate access across the developing world to make clean energy affordable to those underserved by the grid. According to Leslie Labruto, Global ...

Village Enterprise gets $5.26M outcome funding for its Development Impact Bond (DIB)

Three of the largest funders in international development -- USAID Development Innovation Ventures (DIV), UKAID (DFID), and an anonymous foundation - are providing outcome funding for the Village Enterprise Development Impact Bond (DIB). Village Enterprise was selected from over 80 organizations to launch the first Development Impact Bond (DIB) for poverty alleviation ...

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Engineers Without Borders Canada invests in startup SME lending marketplace Bloom Impact

Ghana's Bloom Impact, a machine learning loans marketplace accessible from smartphones has raised undisclosed funding from Engineers Without Borders Canada, EWB Ventures, an early-stage investor in innovative Africa-based social enterprises. EWB has also invested in M-Shule, Numida Technologies, FarmDrive and Rent-to-Own. Its latest investment in Africa will allow MSMEs to create a digital profile, learn about and apply for ...

South Africa’s ideas collaboration platform Nectir raises $2m to bring social gamification to your boardroom

Johannesburg-based online ideas collaboration platform Nectir, has raised $2m in seed funding to lead the next wave of business innovation management systems. Using strategy alignment and social gamification elements, the Australian-owned company -- with presence in Sydney, Perth & Canberra, as well as Johannesburg in South Africa has recently launched globally and signed up more than twenty-five corporates, representing ...

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