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Nigerian Fintech Startup Storspay Raises $320K, Selected for Techstars NYC
Storspay has developed a decentralised retail lending infrastructure platform for the internet.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: Capria Announces First Close of its USD 100 Million Global South Fund II
The new fund will focus on investing in 20-25 tech startups in the entrepreneurial hotspots of India, Southeast Asia, Latin America, the Middle East, and Africa.
- Categories
- Investing, Technology
- Region
- Global
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BII and Shell Foundation to Invest $245 Million in Clean Energy
The partnership aims to support the deployment of renewable energy through the financing of start-up companies in Africa and South Asia.
- Categories
- Energy, Technology
- Region
- Global
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Flexiloans Set To Raise $75 Million To Grow SME Loan Book
Flexiloans.com, an online lending platform for SMEs is growing its loan book.
- Categories
- Investing
- Region
- Global
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Ecobodaa and 4 Other Start-Ups Get $1.1 Million for Their Green Solutions in Africa
The funds were secured through a grant from the Powering Renewable Energy Opportunities (PREO).
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- agtech, renewable energy, startups
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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Ukrainian Startup Zeely Raises $1 Million for Small and Medium Business Growth App Aimed at US, UK, Brazil, Mexico
Zeely plans to use this new investment to implement its integration with TikTok and payment systems and the expansion of their AI’s capabilities.
- Categories
- Technology
- Region
- Global
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With $200 Million, Spiro Will Deploy 140,000 Electric Motorcycles in Uganda
The investment should help decarbonize the transport sector Uganda, which is increasingly courted by car manufacturers.
- Categories
- Environment, Transportation
- Region
- Sub-Saharan Africa
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