Daily Digest Friday, 1 May 2020
Funding in Africa
Investor Partech Raises $100M For Its Third Global Seed Fund To Invest In A Post-Covid Future
Venture Capital firm and previous investor in African startups such as Kudi, Terrapay, Gebeya, etc. Partech has announced the final closing of its latest Seed Fund, Partech Entrepreneur III, at $100M, investing in post-COVID trends in health, work, commerce, finance, mobility and computing. Read more…….
Funding in North Africa
CDG Invest Pours About $1.7 Million Into Seven Moroccan Startups In The First Edition Of 212 Founders
It’s definitely a breath of fresh air. In this period of health crisis where startups are struggling to survive, CDG Invest, the investment branch of Groupe Caisse de Dépôt et de Gestion (CDG), has decided to grant seven financing agreements to date for the benefit of seven startups Read more
Funding in Southern Africa
Money Transfer Startup Founded By Zimbabwean Secures US$5 Million
Digital company, Senditoo is fast becoming one of the dominant fintech start-ups in Africa, after securing a US$5 million line of credit from an international conglomerate. Read more
Funding in other developing countries
Oriente raises $50 million to continue building its infrastructure for digital financial services.
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