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Daily Digest Friday 20 November 2020

Funding In Africa

Accelerex Holdings Mauritius Secures $20m Investment From Africa Capital Alliance

Accelerex, which is the parent Company of African Fintech powerhouse, Global Accelerex Limited, was set up for investment into digital financial technology companies across Africa. Read more

Nigerian Autochek Startup, Cheki, Raises $3.4m Seed For Its Platform

According to TLcom Capital Partner Andreata Muforo Autochek’s asset light model, Ikpe’s repeat founder status, and the fund’s view of auto sales and service as an underserved market in Africa are reasons for backing the venture. Read more

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Latest News

Fintech Firm JUMO Gives US$2.5b Credit To Their Markets In Africa And Asia

A statement released by the company says the milestone was reached just over 18 months after crossing the US$1 billion mark in 2019, “and indicates exponential growth in the access to and availability of working capital for customers, with an average customer default rate of less than 5%.” Read more

4 Months After Raising $13.8m, African Startup Chipper Cash Secures Another $30m, Backed By World Richest Man Bezos

And this would mean many things, going forward. But in the meantime, Cross-border fintech startup Chipper Cash has announced it has raised $30 million in Series B funding round. Read more

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

Guest Contribution, GFA Attract & Application Portal For Funding

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Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking

Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. Read more

GFA Attract Interview

Victor Boyle-Komolafe, the co-founder of Garbage In, Value Out (GIVO), a system that automates and digitises the collection, processing, and sale of recyclable materials. Watch Here

Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

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“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.”

– Chris Kirubi, Centum Investment, Kenya

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