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Ghanaian Fintech Float Raises $17 Million Seed to Power Cash Flow for Commerce in Africa
The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, funding, small business, SMEs, technology
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Nigerian Fintech Startup Pivo Raises Funding from Microtraction
Nigerian startup Pivo, a credit-focused financial services company for SME players in the supply chain, has raised an undisclosed amount of funding from early-stage VC firm Microtraction.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Lal10: This Startup Is Building the Alibaba of Indian Crafts Industry
Lal10 is a fast-growing wholesale cross-border sales platform for creative products from India to the world.
- Categories
- Entrepreneurship
- Region
- Asia Pacific
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Medical Credit Fund Raises $37 Million from the Netherlands’ Government, Philips, European DFIs to Boost Financing for SMEs to Fight Malaria, Boost Maternal Health in Africa
Medical Credit Fund, one of the four nonprofit members of the Netherlands-based PharmAccess Group, recently raised a mix of equity and debt totaling EUR 32.5 million to “expand the Fund’s presence and support to healthcare providers in sub-Saharan Africa.”
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Afrikrea Raises $6.2 Million in New Funding, Rebrands to Anka
The e-commerce platform, which aims to bring African-made products to a global audience, has completed a $6.2 million pre-Series A funding round and rebranded to Anka.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, funding, infrastructure, investment, SMEs, technology
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Scotiabank launches $3 Billion Loan Fund for Women Entrepreneurs
Scotiabank Jamaica has set aside $3 billion as loan financing for women entrepreneurs in a refreshed plan to address what the bank says is the under-representation of women in the business world.
- Categories
- Entrepreneurship
- Region
- North Africa & Near East
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From People to Packages: How a Nigerian Ride-Hailing Business Weathered the Pandemic by Shifting to Last-Mile Delivery
The effects of COVID-19 have impacted business around the world, and consumer-focused sectors in Africa have faced particular challenges. As Nikhil Goel at Gokada explains, the crisis has exposed the urgent need for digital-first approaches to work, shopping and other aspects of daily life – and opened new opportunities for nimble enterprises that can tap into this growing demand. He explores how Gokada has successfully navigated the pandemic by shifting its business model from ride-sharing to last-mile delivery.
- Categories
- Coronavirus, Technology
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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
- credit, financial inclusion, fintech, MSMEs, SMEs, technology
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