Venture Capital
-
Oze, the AI-powered digital lending software gets fresh funding from Visa and DEG.
Oze, the AI-powered digital lending software for financial institutions and SMEs, has secured new funding from global payment leader Visa and German development finance institution DEG. Existing investors, including Speedinvest and AfricInvest through its Cathay AfricInvest Innovation Fund, also participated in the round. While the total amount raised was not disclosed, public records indicate that…
-
Thomas Wiredu joins Wangara Green Ventures as Deputy Managing Director.
Wangara Green Ventures has announced the appointment of Thomas Wiredu as the Deputy Managing Director, effective January 2025. With his extensive experience in portfolio management and enterprise support, Thomas will play a crucial role in driving Wangara’s mission of supporting the growth of small and growing businesses (SGBs), particularly in the green sector. “I am…
-
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…
-
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…
-
This Week in StartupGhana #34: Wami Agro get additional check | Yemaachi gets support for its cancer genomic database | Wi-flix journeys to the East
Hello everyone, Have you ever wondered why Africa’s smallholder farmers remain poor despite feeding the entire continent? The reasons are plenty—ranging from limited access to finance to outdated supply chains. Fortunately, some startups featured in this edition have secured funding to change that. Here are the top headlines: Accelerator 3 Ghana-based startups advance to the…
-
Wami Agro gets additional funding to boost income of smallholder farmers.
Wami Agro, the Ghana-based agritech company, has secured additional funding from Acumen, a leading global impact investor. Wami Agro addresses the persistent challenges faced by Ghana’s smallholder farmers, who constitute 70% of the agricultural workforce yet struggle with poverty. To bridge this gap, Wami Agro provides an integrated suite of tech-enabled solutions (Wami Market, Wami…
-
Ghana-based KYC fintech Regulon gets backing from Baobab Accelerator.
Regulon, a company simplifying business onboarding and automating compliance for fintechs across Africa and the UK has been selected to join the Baobab Accelerator. As part of the three-month accelerator programme, Regulon will receive a $100,000 investment in exchange for 12.5% equity. Additionally, the programme will provide hands-on support, consulting, and access to a global…
-
$8 million to deepen customers’ Affinity for digital banking.
The Ghana-based digital bank Affinity has secured a $8 million seed round co-led by European VC firms Grazia Equity (Germany) and BACKED VC (London). Other investors that participated in the round include Enza Capital, Launch Africa, Renew Capital, FINCA Ventures, Attijariwafa Ventures, Impact Assets and Eldon Capital, an early backer. What does the company do?…
-
Amma Gyampo appointed CEO of Ghana Venture Capital & Private Equity Association.
From February, the Ghana Venture Capital & Private Equity Association (GVCA) will be led by Amma Gyampo, who boasts a wealth of experience in early-stage investing as an angel investor and a startup ecosystem enabler. In the role, Gyampo is committed to minimising investment barriers and enhancing collaboration among fund managers, portfolio companies, equity investors,…
-
This Week in StartupGhana #31: Ghanaian startups raised $127 million in 2024.
Ahead of our 2024 Ghana Innovation & Startup Ecosystem Report release, we’re sharing some key insights with our valued readers. Our report reviews Ghana’s startup scene, highlighting success, challenges and key trends that shaped the ecosystem in the fiscal year. In 2024, the Ghanaian startup funding ecosystem experienced a remarkable year, with startups raising $127…