Author: GAR STAFF

Fintech startups attracted the majority of VC activity, with Saudi Arabia topping the list in terms of regional investment.

AWS announces applications open for the Femintech Innovation Challenge, a pitch competition targeted at women-led start-ups in Africa.

Paymenow, a South African fintech startup, aims to scale its services, widen customer base and deepen penetration.

Peach Payments, a South African fintech, has raised USD 31 in funding from Apis Partners. The company offers a range of payment solutions and e-commerce tools.

Shaker Group, a major manufacturer of air conditioners and home appliances, has invested in Cashew KSA, a subsidiary of Cashew, a finance and payment app.

The Africa People + Planet Fund will support cleantechs from across the continent.

Riyadh Valley Company (RVC), the investment arm of King Saud University, has announced its investment in the Total Growth Platform launched by STV.

Red Sea Wind Energy Consortium, majority owned by French multinational utility group Engie with a 35% stake, has reached a financial close for a new 500 MW Gulf of Suez wind farm in Egypt.

The Goodwell and Oxfam Novid fund will aim to address the “missing middle” of East Africa through investments in early-stage companies.

Payday plans to expand to the UK and Canada and scale its borderless payments platform with new investment.