Browsing: Finance

The Nigerian tech startup scene has attracted the highest levels of tech startup funding across Africa, with fintech leading the way, according to Disrupt Africa, a startup-focused research platform.

Endure Capital, an Egyptian venture capital firm, has completed the first close of its new fund that aims to invest in early-stage startups across Africa.

liwwa gains support from international and regional investors as smaller MENA markets see increasing activity.

According to a report by McKinsey and Company, one of the world’s leading business analysis and consultancy firms, Africa’s fintech industry could see revenues soar to USD 30.3 billion by 2025.

SubsBase, a subscription and recurring revenue management platform, closes its seed round with regional and international support.

African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.

Egyptian fintech firm Lucky has signed a partnership agreement with Egyptian on-demand warehousing and fulfillment platform, Khazenly. Lucky is a digital rewards app, users of which enter a points reward system to obtain discounts on purchases from over 20,000 local and international brands.

MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.

The IsDB Group is financing agricultural and food security initiatives across 1,538 operations to the amount of USD 20.6 billion.

The Nigerian United Bank for Africa Group opens a branch at DIFC to attract business from across the Middle East.