The funding round attracted global heavyweights, including a $150 million investment from Nu Holdings Ltd., Latin America’s largest financial institution.
According to FSCA statements, Banxso reportedly contacted clients, implying that its FSP license had been reinstated and that it could legally resume trading activities.
In early 2024, Ciwara Capital made its first direct investment outside Mali, backing LafricaMobile (LAM), a Senegal-based multi-channel digital communications platform.
Estimates suggest that the value of POS transactions will surge to approximately EGP 640 billion by the end of 2024, reflecting a 280% increase from 2021’s EGP 169 billion.
MNT-Halan’s entry into the UAE comes on the heels of a $157.5 million funding round in July, led by a $40 million investment from the International Finance Corporation (IFC).
In early 2024, Ciwara Capital made its first direct investment outside Mali, backing LafricaMobile (LAM), a Senegal-based multi-channel digital communications platform.
Non-profits backing African startups have predominantly focused on energy, agritech, and fintech, though other sectors are increasingly gaining attention.
