Egyptian Fintech Raises $31 Million in Series B Funding Round
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to finance Moneyfellows’ expansion into other markets as well as accelerate the fintech’s growth. Diversifying Moneyfellows’ Portfolio Egyptian fintech startup Moneyfellows recently revealed it had raised $31 million from its Series B funding round which was led by Commerz Ventures, Middle East Venture Partners (MEVP), and Arzan Venture Capital. Also participating in the round were....
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Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion.
Capital Raised to Fund Flutterwave’s Expansion Plans
The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D funding round. The latest capital raise, led by B Capital Group, saw the fintech firm’s valuation increase to over $3 billion.
According to a statement on the remittance and....
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output Global also participated.
Pezesha Solving Working Capital Problems for MSMEs
A Kenya-based fintech, Pezesha, announced recently that it raised $11 million from its pre-Series A debt-equity funding round. According to a Techcrunch report, this series was led by Women’s World Banking....
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led....
NFT marketplace Rarible announces it has raised $14.2 million in a Series A funding round. The company, founded just last year, plans to use the funding for advancing their goal of making NFTs more mainstream. Behind the Series A funding round were names like Coinfund, Venrock, and 01 Advisors. Rarible is an NFT marketplace that […]
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use the recently raised funds to develop and add new features to its proprietary technology. The company further wants to assist “800 million financially underserved smartphone users” from the region through virtual and physical prepaid cards. Pyypl’s Financial Inclusion Journey Pyypl, an Abu Dhabi-based fintech, recently revealed it had raised $20 million in a Series B round, to....