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Kenyan Fintech Startup Paylend Raises $2 Million Seed Funding
Kenyan fintech startup Paylend has raised US$2 million in seed funding to expand operations at home and launch in Tanzania, Zambia and Nigeria.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, MSMEs
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European Investment Bank Lends Ecobank Group $113 Million for SMEs in Africa, With Emphases on Women, Adjusting to COVID-19
The purpose is to help develop the small and medium-sized enterprise (SME) sector, with a particular emphasis on the businesses that have been “most impacted by the COVID-19 pandemic.”
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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African Development Bank Group Approves €10,5 Million To Boost Innovation in Sub-Saharan Africa
The board of directors of the African Development Bank Group have approved an equity investment pool of €10,5 million to drive technological innovation across sub-Saharan Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing, startups
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Analysis: Transformation of India’s Digital Economy: The Rise of Developers and Open Source
With contribution from developers, open source is flourishing in India, but what does this explosive growth mean? What is the economic impact of a thriving developer community? Read on to find out.
- Categories
- Technology
- Region
- Asia Pacific
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Nigerian Mobility-Tech Startup MAX Bags $31 Million in Series B Round, Set To Expand Across Africa, Build EV Infrastructure
Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races toward formalizing the continent’s transportation sector after securing $31 million in Series B funding.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Denmark Provides $30 Million Grant To African Water Facility for Drought-Prone Countries
The program entails the rehabilitation, expansion and climate-proofing of water supply systems, sanitation and handwashing facilities.
- Categories
- WASH
- Region
- Global
- Tags
- climate change
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All On and Katapult Invest $1.4 Million in NXT Grid’s Mini-Grids in Nigeria
Impact investors All On and Katapult Climate are investing $1.4 million in NXT Grid. In Nigeria, the company installs and operates small-scale solar power plants for productive use, powered by artificial intelligence.
- Region
- Sub-Saharan Africa
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Paylend, a Kenyan FinTech Company Raises $2 Million Seed Investment From Next Chymia Consulting HK Limited
Paylend, a Kenyan FinTech startup focused on providing access to finance and digitizing MSMEs in Kenya have today announced that it has raised a $2 million dollars seed investment from Next Chymia Consulting HK Limited.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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