The Cairo-based firm has quietly returned more than ten times invested capital to its first fund. Its method - rooted in infrastructure built two decades ago for mobile telecoms - is worth examining.
Sultan Ventures, a Hawaii-based firm with over 15 years of experience in venture building and startup acceleration, is no stranger to high-stakes innovation.
Through its digital infrastructure, Pumpkn aims to make financing more accessible and affordable, lowering the costs for both borrowers and lenders. Farmers and food processors can apply for loans ranging from R5,000 to R5 million and receive funding within 10 days — an expedited process compared to traditional banking channels.
Under POPIA, companies found to have breached data protection rules face severe penalties, including fines of up to R10 million (roughly $550,000) or prison sentences of up to 10 years.
The platform boasts over one million cash points of sale, contributing to a 25% increase in payment conversion rates. Encouraged by these results, the company is now planning to open this payments solution to external merchants, with a potential launch before Christmas 2024.
Haspil himself requested a life sentence without the possibility of parole, acknowledging the gravity of his crime and expressing remorse. “Unlike my counsel, I don’t think anything less than life without parole would be appropriate,” he told the judge in a quiet voice.
The new maternal health initiative builds on Field’s broader capabilities. Since its inception in 2015, the company has facilitated over 800 million health interventions across more than 60 therapeutic areas.
Paymob’s growth trajectory has been impressive, with the company now supporting over 350,000 merchants, a dramatic increase from just over 100,000 in 2022.
Over the past three years, Launch Africa Ventures has emerged as a dominant player in Africa’s venture capital ecosystem, investing in more than 150 technology companies across 23 African countries.
The decision could have wider implications for how regulators approach competition issues, particularly in sectors dominated by multinational corporations.
The Cairo-based firm has quietly returned more than ten times invested capital to its first fund. Its method - rooted in infrastructure built two decades ago for mobile telecoms - is worth examining.
Disruptions to tanker traffic through the Strait of Hormuz — which typically handles 20% of global oil flows — have slashed exports through the corridor from 20 million barrels per day to 3.8 million during peak disruptions.
