The investment is part of a broader strategy by global development finance institutions - including Denmark's IFDK and the Dutch FMO - to use blended finance to plug Africa's early-stage climate funding gap.
The Amsterdam and South Africa-based startup, spun out of communications app Talk360, is bringing European-style payment orchestration to the African mid-market.
The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.
The VB Facility will deliver pre- and post-investment support to startups operating in sectors including distributed solar, energy efficiency, electric mobility, agritech and circular economy solutions.
In the weeks following Nigeria and Ghana’s festive travel season — the period known locally as Detty December — a wave of chargebacks was filed in January 2025, predominantly initiated from abroad.
The newly launched Coca-Cola HBC Digital Hub will serve as a centralized digital delivery platform supporting the company’s operations across 27 markets in Europe and Africa.
