A venture capital firm that led the funding round for Sylndr, focusing on investments in emerging markets.
Egyptian Autotech Sylndr closes $15.7M Series A to drive digital transformation in used car market
Sylndr closed a $15.7 million Series A funding round led by Development Partners International. The funding round included participation from Algebra Ventures, Nuwa Capital, and other prominent investors.
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Sylndr raised $15.7 million to expand into auto financing and servicing. The company has raised over $30 million since its launch in 2021.
Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
DPI has taken over the management of Egypt’s $105 million Nclude Fund. Nclude was established in March 2022 by Egyptian state-owned banks and fintech partners.
Visa makes strategic investment in Nigerian fintech Moniepoint
$110 million Series C funding round announced by Moniepoint. Visa's strategic investment in Moniepoint reportedly exceeds $10 million.
Nigerian Fintech Moniepoint Receives Strategic Investment from Visa
Visa invests over $10 million in Moniepoint, raising Series C funding to exceed $120 million. Moniepoint processes over 1 billion transactions monthly with payment volumes reaching $22 billion.
