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Daily Digest Friday, 5 June 2020

Funding In Southern Africa

South Africa: Spear Capital invests R100mln in RunwaySale

In South Africa, the private equity firm Spear Capital announced an investment of R100 million (about $5.7 million) in the fashion e-tailer RunwaySale. The investment conditions were not disclosed. See more

SA cashless payment platform Sticitt lands R3m from new VC

Cape Town based cashless payment platform Sticitt has landed a R3-million investment from a new SA venture capital (VC) company, Crucis VC. Sticitt was founded in 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff (pictured above, from left to right, respectively) and today has nine employees. See more

Funding In West Africa

Nigeria: Sanlam Emerging Markets acquires full stake in FBN Insurance

South African Insurance group Sanlam becomes the only shareholder in the Nigerian life insurance company FBN Insurance and its subsidiary FBN General Insurance. See more

Funding In East Africa

Ugandan Fintech Startup Eversend Raises $706k Through Crowdfunding

At a time when investors are conserving their cash, Ugandan digital-only finance platform, Eversend, which is providing cross-border money transfers among other services, is defying the odds to secure EUR634,000 (US$706,000) in investment through a Seedrs crowdfunding campaign. See more

Attention Venture Capitalists and investors GFA needs your help. Click Here

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

Afriscaper Research & Consulting recently executed a Nigeria Mobile Phone Market research project & report on behalf of KaiOS, focusing on Internet Usage. Find our more here

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com

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