Just like Yassir Maroc, Money Fellows’ interest in the Moroccan fintech market is mostly inspired by the prevailing financial behavior of Moroccan consumers.
The Alitheia IDF Fund, for instance, saw its carrying value increase from $4.2 million in 2022 to $5.1 million in 2023, indicating successful investments and positive performance.
In September 2023, African mobility startup WhereIsMyTransport opted for Creditors’ Voluntary Liquidation due to its financial inability to meet obligations. The liquidator oversaw asset realization and debt settlement, adhering to the UK Companies Act of 2006.
The newly formed entity, to be known as Ignite Energy Access, is projected to serve over 15 million people across 14 African nations, leveraging a combined operational footprint and a shared ambition to tackle energy poverty.
If you run a venture focused on Africa, here’s a comprehensive list of the latest startup funds (and their contact addresses) targeting African startups in 2025.
