The move places Wave — already one of the most dominant financial technology players in francophone Africa — at the centre of another critical public service.
The FMCG distribution startup is battling a $2.8m debt recovery suit from Moniepoint as macroeconomic headwinds batter the country's B2B commerce sector.
Founded in 2023 by CEO Sahil Affriya, Shiprazor operates as an infrastructure layer connecting online merchants with a disparate network of delivery providers.
The fundraising effort marks a notable development in an African venture ecosystem that has historically directed the vast majority of its capital toward financial technology
The Southern Africa-focused climate tech investor has closed its first fund, backing ten companies across e-mobility, circular economy and energy access