The startup raised $600,000 in a seed funding round led by Innlife investments in 2022.

Participants will also benefit from interactions with representatives from development banks and international organizations, including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII), among others.

Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.

The funding from FCDO will enable AgDevCo Ventures to attract further capital, with an additional £20 million currently being raised from development finance institutions and family offices.

Flutterwave has been grappling with legal and regulatory challenges, particularly in Kenya, where it faced scrutiny over financial improprieties.

The firm, which began as a nonprofit entrepreneurial support organization nine years ago, has already raised nearly $5 million of the fund, according to its latest regulatory filing.

Redbird raised over $2 million in funding, with notable backing from South Africa’s Newtown Partners. However, despite its potential to improve healthcare delivery, the startup closed its doors,

Jackfruit Finance’s approach involves a technology-driven solution that simplifies the loan application process for schools.

She was previously the VP of Engineering at Sendy, an end-to-end fulfillment platform.

The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.

Startups seeking the startup label must submit their applications online to the Technical Labelling Committee.

The launch event, scheduled for September 10 in Casablanca, will focus on fundraising strategies, a critical aspect of startup growth.