Funding
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Complete Farmer secures €2.2 million to scale fulfilment centres and reach more smallholder farmers.
Complete Farmer, the agritech company improving market access and productivity for smallholder farmers, has secured €2.2 million (USD 2.5 million) from the European Union-funded AgriFI facility, managed by EDFI Management Company. The EU financing will support the construction of six new fulfilment centres – hubs for aggregation, quality control, and logistics in the northern regions.…
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Kodu Technology nabs $50,000 as winner of NBPA x UM6P Innovation Challenge.
Kodu Technology, the Kosmos Innovation Centre-backed cleantech and femtech innovator, has been named the Grand Prize Winner of the inaugural “Jump Shot: The NBPA × UM6P Innovation Challenge,” a new initiative by the One Court Africa program. After a competitive pitch event held in Benguerir, Morocco, the startup secured the top spot and a $50,000…
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Mariseth Farms raises $1 million to scale operations to support smallholder farmers.
Mariseth Farms has secured a $1 million working capital loan from a consortium of investors to scale its crop aggregation operations and enhance fair market access for smallholder farmers, particularly women. This follows a $560,000 facility raised last month from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA). The latest round includes additional…
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Exclusive: How AgriCoHub invested nearly GHS 1 Million in startups leveraging an innovative cooperative credit union model.
Ask any African founder about their biggest challenges, and access to finance will inevitably make the top five. For entrepreneurs operating outside major tech hubs, the struggle is even more acute. In Ghana’s Bono-East region, Techiman-based AgriCoHub is tackling this problem head-on with an innovative solution: the Startups Cooperative Credit Union (STARTCCU). Founded by George…
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Mariseth Farms secures $560k from Sahel Capital to support over 8,000 smallholder farmers.
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures…
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Tendo bags additional capital from Renew Capital to scale social commerce in Africa.
Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa. The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa…
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Zeepay secures $18 million debt to finance its working capital and drive growth.
Zeepay, a fast-growing player in the digital remittance and mobile money market, has secured $18 million in debt funding, according to a report by Africa Global Funds. The investment, arranged by the South Africa-based financial advisory firm Verdant IMAP, signals strong market confidence in Zeepay’s cross-border payment solutions and growth strategy across Africa. The investment,…
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Village Capital, FMO and RVO launch a $4 million facility to back early-stage companies in Ghana, Nigeria, and Tanzania.
Village Capital, in partnership with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise Agency (RVO), has launched the Africa Ecosystem Catalysts Facility, a $4 million initiative to support early-stage, impact-driven companies in Ghana, Nigeria, and Tanzania. The facility will collaborate with locally-led Entrepreneur Support Organizations to source, conduct due diligence, and make investment…
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Small Foundation launches innovative facilities to provide working capital to African fund managers.
Small Foundation, a family foundation focused on catalyzing and scaling income-generating opportunities for people living in extreme poverty in sub-Saharan Africa, has launched two pilot facilities to provide essential working capital to African fund managers. These initiatives aim to help bridge the significant $330 billion annual SME funding gap across the continent. Emerging fund managers…