With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
Founded to address the fragmented nature of material sourcing in Nigeria, Cutstruct offers a digital marketplace where developers and contractors can procure all their building materials in one place.
Ethiopia’s mobile money market has boomed in the past three years, led by Telebirr — operated by the state-owned Ethio Telecom — which claims over 40 million users.
MaC Venture Capital has previously backed African startups including Big Cabal Media (media), Afya Rekod (healthtech), and IdentityPass (identity verification).
“We’ve built a differentiated model that has consistently delivered growth and profitability despite limited access to capital and tough macro conditions."
Kevin Dillon, co-founder of Africa Bridge Fund and whose growth equity firm Atlantic Bridge has invested in 110 deep technology companies, contributes from Cape Town, South Africa.
With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
