The investor group combines South Africa’s major commercial balance sheets — including RMB Ventures, Standard Bank, Nedbank, and parent entity New GX Capital — with state development capital.
A Toyota-backed fund, an Abu Dhabi sovereign investor and a Hong Kong merchant bank sat at the centre of August's largest African-linked funding round. None of them was there by accident.
A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
The regulatory fallout from the Global Paradigm affair signals that Cairo’s toleration for aggressive fintech origination tactics has reached its limit.
Nigeria’s proposed plan—demanding that withholding tax be paid in the native token and remitted to a government-controlled wallet—is a radical departure from global norms.
The financing round was led by Paris-headquartered venture firm Partech, with participation from regional investors Algebra Ventures and Silicon Badia.
The investor group combines South Africa’s major commercial balance sheets — including RMB Ventures, Standard Bank, Nedbank, and parent entity New GX Capital — with state development capital.
