February 28

South Africa Fintech Clickatell Wins $91 Million in its Latest Round of Funding

Clickatell, a Cape Town-founded and California-based fintech firm, CPaaS innovator and creator of the Chat Commerce platform yesterday announced it has secured $91-million in its latest Series C round of funding.

This round was led by Arrowroot Capital, with participation from Kennedy Lewis Investment Management, Endeavor Global and Harvest.

According to a press release, Clickatell, which has delivered double-digit profitable growth for several years, will use the Series C capital to scale and expand three key areas: the accelerated development and innovation of its Chat Commerce offering, the expansion of its footprint in the U.S., and scaling of sales and marketing efforts on the back of growing demand from leading brands.

Photo courtesy of Pete Linforth.

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Finance, Technology
e-commerce, financial inclusion, fintech, scale