The Series A equity round was led by Africa50, a pan-African infrastructure investment fund, marking a major milestone as the largest investment by an African fund in an electric mobility company.
The new product is part of Fawry’s broader strategy to build an integrated financial ecosystem, bringing a fully digital medical insurance solution to individuals and families across Egypt.
Currently, only 2.5% of Pakistan’s population has access to formal credit sources, creating a gap for financial solutions that can alleviate immediate financial pressures for workers.
With ticket sizes ranging between $500,000 and $3 million, Algebra Ventures focuses on fostering the growth of startups at various stages of development.
PBR Life Sciences gained significant momentum last year when it was selected to join the Techstars Lagos accelerator, a program that supports high-growth startups across Africa.
