By backing businesses focused on local supply chains, innovative care delivery, and digital solutions, the fund seeks to strengthen Africa’s healthcare systems while offering risk-adjusted returns to investors.
The round was led by Equitane (formerly known as the Africa Transformation and Industrialization Fund: ATIF), alongside contributions from Morgan Stanley Inclusive Ventures Lab, Silverbacks Holdings, and a network of angel investors.
The $700,000 in pre-seed funding will allow Scale to accelerate its market entry into three African nations, where the company aims to enable fintechs and other businesses to offer payment solutions that are otherwise challenging to deploy.
Estonia, home to the highest concentration of unicorns per capita in Europe, continues to play a pivotal role in global tech, with companies like Bolt and Admiral Markets active in Africa.
