Tag: Funding
Nomba raises US$30 million pre-series B funding
Nigerian Fintech startup, Nomba, has raised a $30 million Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.The...
OpenAI raises $300 million to reach $29 billion valuation
OpenAI, parent company of ChatGPT and DALL-E, recently closed a $300 million raise.
This funding round, which includes participation from Tiger Global, Sequoia Capital, Andreessen...
42Markets Group secures $10m growth capital from Convergence Partners, 14 others
42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity...
Mastercard Foundation withholds funding for African Development University over serious allegations...
The Mastercard Foundation is withholding financial support for one of Africa’s non-profit universities. The decision by the Foundation followed serious allegations of sexual harassment...
Founders need to take a stand against VC’s ‘dirty money’
With fundraising by venture capital firms globally hitting a nine-year low at the end of 2022, news reports are circulating that top-tier Silicon Valley investors such as Andreessen...
AfDB commits $525K grant to create a digital hub for African...
The African Development Bank (AfDB) has approved a $525,000 grant to support the Africa Fintech Network (AFN) in creating a digital hub for fintech...
Paymenow raises $14m for groundbreaking EWA platform
Paymenow, a market-leading Earned Wage Access (EWA) platform, has secured a R250 million (about $14 million) debt facility through Rand Merchant Bank (RMB), marking...
Oxfam Novib, Goodwell Investment create $21 million startup fund
Impact investor Goodwell Investments and Dutch foundation Oxfam Novib have teamed up to launch a new fund called Pepea. It's worth €20 million ($21.7...
Pipe Cohort to help accelerate Ghanaian FinTech startups
Ghana Fintech and Payments Association (GFPA) in partnership with StartOA and FXKudi have launched an accelerator program called Pipe Cohort to help move FinTech startups in the...
15 Ghanaian start-ups pitch for up to $50,000 funding
Some 15 Ghanaian startups have participated in the maiden Ghana Startup-Investor Connect program with a chance to get between $20,000 and $50,000 to help...