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VALR raises R57-million to advance cryptocurrency adoption

VALR, one of South Africa’s leading cryptocurrency exchange, announced today that it has raised R57-million (US$3.4-million) to advance the adoption of cryptocurrencies. The Series A equity round of funding was led by 100x Ventures, (the investment arm of 100x Group who are behind cryptocurrency derivatives trading platform BitMEX), with participation from 4DiCapital, and FNB CEO Michael Jordan and US-based company Bittrex. VALR has raised R57-million in funding Founded in 2018, VALR was established to bridge the gap between the traditional financial system and the new world of cryptocurrencies. In June 2019, VALR launched bitcoin-rand trading and has since grown to become one of South Africa’s leading bitcoin trading...

Daily Digest Tuesday 21 July 2020

Funding In North Africa Tunisia’s One Tech Holdings secures US$26m from IFC to expand production, supply of mechatronics products BVMT-listed OneTech received €23 million from the International Finance Corporation (IFC), to support its development in Tunisia, Morocco, and internationally. The financing will also be used to stimulate job creation and economic growth. Read more Funding In Africa EAIF anchors Helios Towers bond issue The Emerging Africa Infrastructure Fund (EAIF) has acted as an anchor investor in a bond issued in London on June 8, 2020 by HTA Group (HT), a whole owned subsidiary of Helios Towers. Read more GetFundedAfrica - Venture Capital Focus An insight into how Tokyo-based VC, Samurai Incubate Africa,...

EAIF anchors Helios Towers bond issue

The Emerging Africa Infrastructure Fund (EAIF) has acted as an anchor investor in a bond issued in London on June 8, 2020 by HTA Group (HT), a whole owned subsidiary of Helios Towers. EAIF has invested $30m in the UK listed bond, which has a 5.5 year term and a coupon of 7%. Helios Towers operates over 7,000 telecommunications towers, mainly in Tanzania, the Democratic Republic of Congo, Congo Brazzaville and Ghana and has recently established a presence in South Africa.    Because of the global financial uncertainty caused by Covid-19 the African corporate debt capital markets were effectively closed. As a consequence, HT was initially cautious in its...

Tunisia’s One Tech Holdings secures US$26m from IFC to expand production, supply of mechatronics products

BVMT-listed OneTech received €23 million from the International Finance Corporation (IFC), to support its development in Tunisia, Morocco, and internationally. The financing will also be used to stimulate job creation and economic growth in these two Maghreb countries facing the effects of the covid-19 pandemic. “IFC’s continued support will help our company acquire new capacity, more sophisticated technology, and increase the production of higher value-added products, as well as develop renewable energy,” said Hedi Sellami, MD of One Tech Holding. “We also hope to further integrate research and development into our operations to become a vital link in the regional manufacturing value chain,” he added.   This news should...

MindCET Accelerator Demo Day #8 – Online Event

MindCET Accelerator's first online batch is coming to its final stage! Join us for our online demo day, and meet 8 amazing Edtech startups. About this Event MindCET Accelerator's first online batch is coming to its final stage! Join us for our online demo day, and meet 8 amazing Edtech startups. *An event link will be sent to you a few hours before the event begins. The Startups: Alpe - an on-the-go learning app, that leverages audio and interactive learning techniques My nursery - a full schedule of activities and resources for 0-6 year olds that are appropriate to the individual child’s interests and development level. EyeKnow - An AI/Computer Vision software platform that automatically...

An insight into how Tokyo-based VC, Samurai Incubate Africa, invests in African startups

Samurai Incubate is a Japanese early-stage venture capital firm and incubator. Via its Samurai Incubate Fund, the firm claims to have invested in more than 100 startups since its inception in 2010. In 2018, the VC firm decided to create an arm for its investments in Africa: Samurai Incubate Africa. By launching its first fund, the firm began investing in startups on the continent that same year. Ugandan payments platform startup, Swipe2pay; Kenyan postal service, MPost; Nigerian fintech startup, Wallets Africa; and Rwandan fintech startup, Exuus were among the first African startups to get funded via the new fund. In January 2020, Samurai Incubate Africa announced the launch of its $18.2 million second fund to...

Daily Digest Monday, 20 July 2020

Funding In Southern Africa Entrepreneur-driven Venture Capital Fund E4E Africa launches in SA Entrepreneurs for Entrepreneurs Africa(E4E), a new venture capital fund aimed at building internationally successful businesses owned by South African entrepreneurs has launched. Read more Join the Samsung Enterprise Development Programme Growing South Africa through entrepreneurship Samsung South Africa has announced its EEIP (Equity Equivalent Investment Programme) plans, aimed at empowering previously disadvantaged South Africans, with a focus on women and youth-led startups. The programme initiatives are set to strengthen black economic empowerment through enterprise development, thus boosting economic growth and job creation. Read more Funding In West Africa Kenyan MumsVillage and BabyBliss Nigeria merge to expand...

Entrepreneur-driven Venture Capital Fund E4E Africa launches in SA

Entrepreneurs for Entrepreneurs Africa(E4E), a new venture capital fund aimed at building internationally successful businesses owned by South African entrepreneurs has launched. Backed by a founding investment from the SA SME Fund, E4E is a venture capital fund that is operated by a range of experienced and innovative entrepreneurs. The new fund is run by several successful entrepreneurs The six founders of the new venture capital fund are experienced investors and entrepreneurs  and have established a reputation for creating successful businesses both locally and internationally. With a wealth of knowledge available, the founders can assist budding entrepreneurs on their journey and provide valuable insight into the world of entrepreneurship. Empower...

Kenyan MumsVillage and BabyBliss Nigeria merge to expand e-commerce businesses

Kenya-based maternal care and e-commerce platform MumsVillage has announced a merger with BabyBliss Nigeria. The new business entity from the merger, Bliss Group, is set to become a pan-African omnichannel e-commerce platform for maternal and child care products. MumsVillage launched in 2015 as an online community to support pregnant women and parents in Kenya on their motherhood and parenting journeys. Under CEO, Isis Nyong’o-Madison, MumsVillage, through multimedia content distributed through digital channels, has amassed a dedicated audience by providing quality information around parenting, healthcare, as well as family-oriented events and services.  In 2019, it launched its e-commerce arm, MumsVillageShop, to leverage on the trust of the community...

Tunisian Bike-hailing Startup IntiGo Raises $1 Million From Local VC Firm Capsa Capital

Investors are returning to Africa’s bike-hailing startup ecosystem this year, starting with Tunisia’s IntiGo. However, it looks like, this time, local investors, such as Capsa Capital Partners, would be taking the lead. A new $1 million in funding had been added to the ride-hailing and logistics startup IntiGo’s total fundraise, bringing the total money so far by raised by the startup to $1.6 million.  Here Is What You Need To Know Intigo’s latest investment came from local investment firm Capsa Capital Partners. The VC firm invested about $710,000 while some $300,000 came from angel investors in earlier in 2020. Another $300,000, had earlier in November, 2019 been invested into the startup...

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