An investment firm focused on supporting innovative startups across Africa, including in the fintech and mobility sectors.
Moroccan Retail Fintech WafR Raises $4M Seed Round
WafR raised $4 million in an oversubscribed seed round. The funding round was co-led by LoftyInc Capital, Attijariwafa Ventures, and Al Mada Ventures.
Gozem’s $30 million bet is driving mobility and fintech inclusion across Francophone Africa
Rwanda ranks second in Africa for ease of doing business, driven by reforms like 6-hour company registration and free trading licenses. The Kigali Innovation City project is a $2 billion tech cluster aimed at becoming a pan-African innovation hub.
Cairo Based Money Fellows Raises $13M to Expand Fintech Access Across Africa
Money Fellows raised $13 million in a strategic funding round. The total investment in Money Fellows has exceeded $60 million.
MoneyFellows raises $13M to take its group savings model outside Egypt
MoneyFellows raised $13 million in a pre-Series C funding round led by Al Mada Ventures and DPI’s Nclude Fund. The company has reached profitability while lending billions of Egyptian pounds without relying on working capital.
Gozem nets $30M to expand vehicle financing, digital banking in Francophone Africa
Gozem raised $30 million in a Series B funding round, consisting of $15 million in equity and $15 million in debt. The company plans to use the funds to strengthen its vehicle financing service and expand into new markets.
