In 20 Sub-Saharan African nations, the Mastercard Foundation Fund for Resilience and Prosperity is looking for SMEs in the fields of digital economy, agriculture, and climate adaptation.
Benefits:
Grants ($500,000 – $2,500,000 USD)
Connections with investors and training
Gaining access to markets and developing capacity
Support for policy advocacy
Deadline for applications: November 22, 2024
Apply here.
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HyperPay, a fintech business based in Saudi Arabia, has raised $36.7 million in a fundraising round led by Mastercard, with Amwal Capital Partners and AB Ventures as investors. HyperPay, founded by Muhannad Ebwini, provides a wide range of products and services to merchants in addition to payment processing, including risk and fraud management, monitoring, instalment…
In order to extend its drone delivery services abroad and increase manufacturing of the Wingcopter 198, the most effective eVTOL delivery drone in the world, Wingcopter, a German manufacturer and service provider, has raised $42 million. German investors Salvia and XAI technologies joined the board as new shareholders, as well as the German retailer REWE…
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Career 180, a Cairo-based ed-tech platform, has raised US$200,000 from EdVentures to expand its services and user reach. Career180, which was founded in 2016, assists young people in developing their skills for the labor market through counseling services, workshops, and theoretical or practical training programs in a variety of specialties. The startup, which provides career…
Following the completion of all Central Bank of Egypt (CBE) requirements and the receipt of a US$2.2 million pre-seed funding round, Egyptian fintech and next-generation banking startup Nexta is set to begin operations. Nexta, founded in 2021 by Ibrahim Farag and Ahmed Hisham, is a digital bank that aims to improve Egyptians’ daily lives by…
Franc, a South African financial app, has secured ZAR8 million (US$522,000) in a seed extension round and unveiled a B2B solution that allows partner organizations to quickly and easily deploy savings and investment products. Franc was founded in 2017 by Sebastian Patel and Thomas Brennan, who were upset by the complexity and high barrier to…
