LemFi has achieved significant milestones, including processing over $1 billion in monthly payment volume and recording $2 billion in annual transaction volume in 2023.
The CEAC was created as a cornerstone of Senegal’s Startup Act, which was ratified in 2021 by President Macky Sall following its 2020 adoption by the National Assembly.
Equator plans to deploy the fund across 15 to 18 startups, writing checks of $750,000 to $1 million for seed-stage companies and up to $2 million for Series A rounds.
The North African kingdom, long reliant on agriculture, tourism, and phosphate exports, is channeling significant investment into nurturing a local gaming ecosystem.
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.
Equator plans to deploy the fund across 15 to 18 startups, writing checks of $750,000 to $1 million for seed-stage companies and up to $2 million for Series A rounds.
The North African kingdom, long reliant on agriculture, tourism, and phosphate exports, is channeling significant investment into nurturing a local gaming ecosystem.
