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.
Ariika reported a compounded annual growth rate (CAGR) of 90% since its inception, serving over one million customers worldwide and generating 15% of its revenue through exports.
The Mama Money Card is making it much easier for under-served communities to get their own bank service where all they need is proof of identity such as a passport, asylum document or South African ID to register for Mama Money on their phone.
Ariika reported a compounded annual growth rate (CAGR) of 90% since its inception, serving over one million customers worldwide and generating 15% of its revenue through exports.
CDG Invest’s involvement in Upfund follows its recent participation in a $2.4 million seed round for Amsterdam-based hospitality tech startup Userguest.
