Giza-based Swypex recently raised $4 million in seed funding led by Accel. However, Fawry’s scale, resources, and latest additions to its offering further complicate matters for the two-year-old fintech.
Expensya, a Tunis-born, Paris-headquartered company, was acquired by Medius in 2023 for a reported sum exceeding $100 million, marking one of the largest exits for an African-founded tech company.
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.
If you run a venture focused on Africa, here’s a comprehensive list of the latest startup funds (and their contact addresses) targeting African startups in 2025.
