Churpy, a Kenyan fintech startup, has raised $1 million in seed funding to support growth into Egypt, Nigeria, and South Africa. Unicorn Growth Capital led the seed round, with participation from Antler East Africa, Nairobi’s business angel network, and a group of Rally Cap LPs. Churpy, founded in 2020 by John Kiptum and Kennedy Mukuna,…
According to a press report published by Forbes Middle East, OPay has received widespread support in Egypt. The Nigeria-based fintech firm is unquestionably one of Africa’s fintech unicorns and one of the continent’s most valuable startups. Since its initial launch in Egypt at the beginning of 2021, it has also been regarded as one of…
Egyptian fintech Fawry has announced plans to raise 800 million Egyptian rupees (US$51 million) in growth capital through a rights issue to existing shareholders, with the proceeds to fund a new chapter of expansion in both consumer and financial services intended to be used for consumers as well as merchants. Founded in 2008, Fawry is…
Zanifu, a Kenyan fintech providing micro, small and medium-sized enterprises (MSMEs) access to working capital through short-term equity financing, has raised $1 million in seed funding. The round included the participation of Launch Africa Ventures, Sayani Investments, Saviu Ventures and several angel investors from Kenya and Nigeria, bringing the startup’s total funding to $1.2 million….