Three African tech startups have been selected to take part in global inclusive fintech accelerator the Catalyst Fund‘s latest cohort. The three African firms are Nigeria’s WellaHealth and Flex Finance, as well as South Africa’s Paymenow.
Ventureburn Staff Reporter
Egyptian fintech platform MoneyFellows has secured $4 million in a Series A investment from venture capital (VC) firms Partech and Sawari Ventures, as it works towards helping millions of new users reach their financial goals.
Stellenbosch, SA based fintech startup, Paymenow has landed a R4-million ($231k) investment from ViaMedia, which is part of the Digital Ecosystems Group (formerly Blue Label Mobile).
South Africa’s Department of Science and Innovations’ Technology Innovation Agency has agreed to work with and offer matching funds, of up to R1 million per startup, with WZ Capital, a black-owned venture capital (VC) fund set up in 2015.
Planet42, a South Africa based fintech founded by two Estonian entrepreneurs has raised €2.2-million ($2.4-million) from a number of Estonian investors.
SA’s Teambix is helping companies make extra revenue by “lending” their staff to companies that need them, rather than laying them off. In this Q&A, founder Remmone Modisakeng shares where he got the idea to start the business.
Egyptian on-demand medicine delivery platform, Chefaa has raised a pre-Series A investment round from US venture capital fund and accelerator 500 Startups, Saudi Arabian fund Vision Ventures, Womena and a number of other investors
African fintech investor, Crossfin has invested an undisclosed amount in SA fintech, truID through its ventures investment arm, Crossfin Ventures.
SA blockchain-based solar panel micro-leasing marketplace Sun Exchange has raised a $3-million (R50-million) investment from ARPF, a Mauritian private equity fund which is advised by London-based Arch Emerging Markets Partners
Egyptian startup Shezlong has raised a new round of investment, from Asia Africa Investment Consulting (AAIC), angel investor Mohamed El Khamissy and Cairo-based angel investment fund Himangel