NBK Provides USD10m Mezzanine Financing to Nigeria’s Moove
NBK, through NBK Capital Partners Mezzanine Fund II, provided a USD10m financing facility to Nigeria-based mobility fintech Moove. Read more… Read More
NBK, through NBK Capital Partners Mezzanine Fund II, provided a USD10m financing facility to Nigeria-based mobility fintech Moove. Read more… Read More
Nigeria-based payments platform PalmPay raised a USD100m Series A in August 2021 from Chuangshi Capital, Yunshi Equity Investment Management, Trust Capital, Chengyu Capital and AfricInvest. Read more… Read More
DEG committed USD21m to Vantage Capital IV, an Africa-focused mezzanine fund targeting investments in SMEs. Read more… Read More
IFC and Endure Capital led a USD25m Series A for Egypt-based social commerce platform Brimore, with participation from Fawry, Flourish Ventures and Endeavor Catalyst Fund, and follow-on from Algebra Ventures, Disruptech, Khawarizmi Ventures and Vision Ventures. Read more… Read More
Kleoss Capital reached a ZAR600m (~USD38m) first close for its Kleoss Fund II targeting investments in mid-market companies in South Africa. The fund has a ZAR1b (~USD64m) target. Read more… Read More
The Norrsken Foundation reached a USD110m first close for its Norrsken22 African Tech Growth Fund targeting investments in growth-stage startups hailing from Africa. The fund has a target of USD200m. Read more… Read More
Speedinvest led a USD3m investment for OZÉ, a Ghana-based fintech providing digital recordkeeping tools with embedded finance products to MSMEs, with participation from Cathay AfricInvest Innovation Fund, Savannah Fund and several angels. Read more… Read More
TLcom Capital reached a USD70m first close for its second pan-African tech fund targeting investments in fast-growth, tech-enabled African startups with an emphasis on seed and Series A stages. The fund has a USD150m target. Read more… Read More
Alpha Intelligence Capital and CDIB led a USD100m Series B for InstaDeep, a Tunisia- and UK-based AI startup that creates decision-making systems for solving real-world problems, with participation from BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42 and Synergie. Read more… Read More
Actis-backed Honoris United Universities agreed to acquire South Africa-based fashion and design institution FEDISA Fashion School. Honoris United Universities acquired Egypt-based Merit University in December 2021. Read more… Read More
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