A major South African bank focused on providing a wide range of financial services, including personal and business banking.
Standard Bank Anchors $330 Million Refinancing for Optasia as Africa’s Banks Line Up Behind the JSE-Listed AI Fintech
Optasia closed a $330 million syndicated financing facility to refinance existing debt and support future growth. The financing facility includes a $180 million term loan and a $150 million working capital facility.
Nedbank & Mastercard in Landmark 10-Year Partnership
Nedbank and Mastercard announced a landmark 10-year commercial agreement. The agreement will enhance digital payment experiences across Southern Africa.
Nedbank’s NCBA deal could push some Kenyan institutional investors into cash exit
Nedbank intends to acquire about 66% of NCBA Group. The offer includes a combination of Nedbank shares and cash.
Are African tech startups shifting from blitzscaling to strategic acquisitions?
Blitzscaling defined African tech in the 2010s, but capital scarcity has forced a reset. Acquisition activity is rising while late-stage mega-rounds are thinning out.
South African Agritech Startup SwiftVEE Secures $10.1M Series A to Expand into Fintech and Insurance
SwiftVEE secured R173m ($10.1m) in a Series A funding round. The funding round was led by African venture capital firm HAVAÍC and private equity firm Exeo Capital.
