There weren’t many activities on the African funding scene last week as only four startups secured funds during the period. BasiGo, Sprints, and Zeepay each secured $3m while South African Right Now Response raised $634,000 from HAVAIC.
Funding
BasiGo
Funding round: $3 Million
Investors: CFAO Group,
Founded: 2017, Kenya
Founders: Jit Bhattacharya
Products: BasiGo offers e-mobility solutions. The company assembles electric buses, develops charging depots, and also uses an innovative Pay-As-You-Go financing model that allows operators to pay for the battery and charge separately from the bus.
What Next?: The newly secured funding will go towards accelerating the scale-up of BasiGo’s manufacturing and delivery of electric buses in Kenya and Rwanda.
Sprints
Funding round: $3 Million
Investors: Ed Ventures, Disruptech Ventures
Founded: 2020. Egypt
Founders: Ayman Bazaraa and Bassam Sharkawy
Products: Sprints provides a comprehensive solution to bridge the gap in the job industry, it provides access to talent pools for companies as well as customized learning journeys for talents, helping them to, secure higher-paying jobs, and supporting their career growth.
What Next?: The strategic funding will serve to further strengthen the company’s growth and expansion into new markets across Mena.
Right Now Response
Funding round: $634,000
Investors: HAVAÍC
Founded: 2019, South Africa
Founders: Wayne Witherspoon, Michelle Witherspoon
Products: RNR provides truck fleet managers and truck OEMs (Original Equipment Manufacturers) with on-demand breakdown support via its nationwide network of vetted mechanics, electricians, and repair centers. The company operates an app and web portal that offers clients 24/7 breakdown visibility, including live location tracing and tracking, to help get drivers back on the road faster.
What Next?: The funding will be channeled towards the improvement of the company’s solutions and expanding its reach across South Africa
Zeepay
Funding round: $3 Million
Investors: Verdant Capital Hybrid Fund.
Founded: 2014, Ghana
Founders: Andrew Takyi-Appiah
Products: Zeepay provides remittance and mobile money services to businesses and individuals. Its solutions include mobile money wallets, cards, ATMs, bank accounts, and digital tokens for international money transfer operators.
What Next?: The new capital injection will help to strengthen the company’s financial position
