In today’s episode of Africa’s Weekly Funding Review, we recorded some fundraising and acquisitions announcements that we found this week.
If you missed it, here are the highlights:
GoMyCode, a Tunisian edtech that empowers people by upskilling and reskilling them on digital skills, raised an $8 million Series A funding round. The investment round was co-led by AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and Proparco.
Indicina, a Nigerian digital lending platform that uses advanced machine learning technology to help digital lenders make smarter credit decisions, raised a $3 million seed funding round led by Target Global with participation from Greycroft and RV Ventures.
Klasha, a Lagos and US-based startup that builds cross-border commerce solutions for Africa, raised an additional $2.1 million to complete its $4.5 million seed round. The new funding round was from Amex Ventures, Global Ventures and other international investors.
WafR, a Moroccan fintech and rewards startup that helps retail brands to deliver promotions to grocers to increase their market share, raised a $455,000 investment from Launch Africa Ventures, First Circle Capital, WeLoveBuzz, and several angel investors.
ADVA, the first Egyptian online service instalment platform, raised an undisclosed seed round from Sawari Ventures.
SparePap Limited, a Kenyan e-commerce platform that allows users to buy and sell spare parts and find on-demand mechanics, received investment and entered into a strategic commercial partnership with Mobility 54 Investment SAS.
Chari, a Morocco-based B2B e-commerce and fintech startup, has acquired Diago, an Ivorian startup that connects local shops to FMCG producers and importers.
And it is a wrap! Kindly share with others