“I wanted to start a crowdfunding company in Egypt for eight years, but I didn’t know where to go."

The funding highlights the increasing investor interest in circular economy models within Africa, particularly those addressing the continent’s unique.

Setting up a digital bank in Algeria requires navigating a two-step approval process.

Crucially, LoftyInc is strategically positioning its latest fund to address a critical bottleneck: the so-called ‘Series A crunch’.

The investment in Widebot reflects a broader trend in Saudi Arabia, as the Kingdom actively seeks to diversify its economy away from hydrocarbons under its Vision 2030 plan.

The acquisition of PaySpace — which serves over 15,000 clients, including global brands like Heineken, Coca-Cola, and Puma — fits into Deel’s broader ambition to strengthen its foothold in the payroll technology space, particularly in Africa and the Middle East.

For fintech firms eager to expand, the allure of passporting is undeniable.

Fibertime, through its subsidiaries fibertime™ and VulaCoin, offers a solution that tackles both affordability and accessibility.

E Squared Investments, an existing investor, has taken the lead in this round, marking its transition to Khula’s first institutional backer.

Revenues for the year jumped 68.4% year-on-year to $108.8 million (EGP 5.5bn), but it is the surge in profitability that has truly caught the eye.

African investors played a significant role, primarily in South Africa, Nigeria, Côte d’Ivoire, and Morocco. The biggest contributor was South Africa.

Africa's VC scene heats up as IFC pours investment into promising funds.