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.
FARO, a South African startup, has raised $6 million to revolutionize affordable fashion and combat textile waste across Africa. By leveraging surplus inventory from global brands, FARO offers high-quality, discounted fashion while promoting sustainability.
LemFi, a fast-growing fintech focused on cross-border payments, has secured $53 million in new funding to expand its services across Asia and Europe.
