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South African Digital Identity Startup iiDENTIFii Raises Record $15 Million
Cybercrime within the financial sector is a growing threat to Africa. iiDENTIFii will use this investment to fund its expansion across the continent.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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The Fund for Export Development in Africa (FEDA) Announces Its First Close of US $670 Million Across Four Fund Strategies
FEDA, the impact investment arm of the Afreximbank has been set up to support intra-African trade growth, value-add export development and industrialization.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Gambia Receives $28.5 Million From the US Department of Agriculture
The funds are being awarded through the McGovern-Dole International Food for Education and Child Nutrition Program, which USDA’s Foreign Agricultural Service administers.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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RappiPay Secures USD $112 Million to Boost Financial Inclusion
RappiPay, Colombian Banco Davivienda and Rappi’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.
- Region
- Latin America
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Islamic Bank, Africa Development Bank, Others Invest $618 Million in Nigeria’s I-DICE
“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of $4 billion raised by fintech companies across Africa in 2021.”
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Kenyan Insurtech Firm Turaco Secures $10 Million Series A Round Fundraise
Turaco, the leading insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest.
- Categories
- Finance, Health Care, Technology
- Region
- Sub-Saharan Africa
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Southeast Asia’s Fintech Fazz Finalizes $100 Million Series C Round Led by Tiger Global
Southeast Asia’s Fintech platform Fazz, a business account for companies of all sizes, recently secured $100 million via Series C funding.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: Empower New Energy and Multiconsult Partner to Scale Up Distributed Solar in Africa
Empower New Energy and Multiconsult have entered a partnership aiming to accelerate renewable energy projects through a multitude of actions.
- Region
- Sub-Saharan Africa
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