SC Ventures and Yabx have partnered to invest $10 million in Furaha, an innovative platform aimed at transforming education financing in sub-Saharan Africa. With a focus on increasing financial accessibility, Furaha is set to empower families and foster brighter futures for millions of children across the continent
Accrue, a Nigerian fintech startup, has raised $1.58 million in seed funding led by Lattice Fund. Originally launched as a crypto investment platform, Accrue pivoted to address cross-border payment challenges in Africa.
MoneyHash, an Egyptian fintech innovator, has secured $5.2 million in pre-Series A funding to expand its operations across the MENA region. By offering a unified API that simplifies payment management for businesses, the startup is addressing the challenges of fragmented payment systems. With backing from prominent investors, MoneyHash is poised to revolutionize how merchants streamline payments and combat fraud.
South African insurtech company Naked has raised $38 million in a Series B2 funding round led by BlueOrchard, with strong support from existing investors like Hollard and the IFC.
Conservio, a South African travel-booking platform, has raised US$1 million to expand its nature-based travel operations across Southern Africa. Founded in 2020, the platform supports sustainable accommodations while promoting conservation efforts.