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Tag: Funding

Lease-to-own motorcycle taxi lender Watu Credit raises $1.5m to expand across the country

In 2015, the Motorcycle Assemblers Association of Kenya estimated that on average 8 million Kenyans used a boda boda daily, generating USD.3.9Million (Kes400.00Million) in revenue. Mombasa-based rent-to-own boda boda (motorcycle taxi) lender Watu Credit, has received US$1.5Million (Kes.156.Million) in debt finance via lending marketplace Lendable Inc., who secured the off-balance ...

Ghana’s Chalkboard Education raises $236k to democratize access to education & training in Africa

Chalkboard Education, a Ghana-based mobile learning company, has closed $236,072  (EUR 200’000) in expansion financing from Jacobs Foundation to further expand its operations in Ghana and Cote d’Ivoire, including increasing access to its mobile learning tools for rural and remote populations. “Education technology is a very important tool for accompanying ...

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South Africa’s fintech firm Entersekt raises a multi-million dollar funding from RMI and NPE to supercharge its global expansion

Rand Merchant Investment Holdings and Nedbank Private Equity have invested into Entersekt in a multi-million dollar transaction that will see the Stellenbosch-based innovator expand its authentication and app security technology into international markets and bolster its RD. The capital injection, which saw each firm acquire minority shareholdings in Entersekt was channeled ...

Ethiopia-based GreenPath Food Raises Seed Funding From Engineers Without Borders Canada

GreenPath Food, an Ethiopian organic food company which partners with smallholder farmers to source fresh, nutritious food grown using sustainable, organic methods that benefit the environment while significantly increasing farm yields and incomes has received an undisclosed seed funding from Engineers Without Borders Canada (EWB), an early-stage investor in innovative, ...

Social Entrepreneurs In Africa Invited To Silicon Valley | To Raise Up $25,000 In Funding

Higher Circle, a platform that supports social entrepreneurs in developing markets, is excited to announce the Coming to America event on August 15-16, 2013 in Silicon Valley. Coming to America welcomes passionate and innovative social entrepreneurs from around the world who head small to medium-sized enterprises (SMEs) with 5-500 employees will be invited to: • ...

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