Issue #80: Complete Farmer Secures $10.4 M Debt and Equity Funding While Lupiya Closes out an $8.25 Million Series A Funding Round.

We witnessed several big-figure funding deals for African Startups last week. Complete Farmer had the biggest funding round of the bunch, raising $10. 4 Million in a mix of debt and equity financing. Lupiya was close behind, raising $8.25 Million in Series A equity. The least funding rounds featured Fixit45, which raised $1.9 Million, followed by $2.5 Million by PremierCredit. Funding Untapped Global Funding round : Seed ($3 Million) Investors : E3 Capital. Founded : 2021, Kenya Founders : Jim Chu Products : Untapped Global operates a smart asset financing platform which leverages data to identify low-risk investment opportunities in emerging markets and connect them to interested investors. What Next?: Fuelled by the funding, Untapped Global aims to accelerate the adoption of climate-smart solutions such as e-mobility across Africa. To achieve this, the company will invest the acquired fund into scaling its data platform and expanding its portfolio of climate-smart assets. Complete Farmer Funding round : Pre-Series A, Debt and Equity ($10.4 Million) Investors : Acumen Resilient Agriculture Fund (ARAF), Alitheia Capital , Proparco , Newton Partners , VestedWorld Rising Star Fund , SEFAA , Alpha Mundi Group’s Alpha Jiri Investment Fund and Global Social Impact Investments Founded : 2017, Ghana Founders : Desmond Koney , Andrew Quartey Products : Complete Farmer operates a digital end-to-end agricultural marketplace connecting African producers to consumers and industries globally. The company operates two primary solutions, CF Grower and CF Buyer, targeted at improving productivity for farmers and agricultural produce buyers in Africa. What Next ?: Complete Farmer aims to invest the newly acquired funds into scaling its existing products, forging strategic partnerships with key stakeholders, bolstering its team and expanding operations to other parts of Africa. Anka Funding round : Pre-Series A, Debt and Equity ($5 Million) Investors : International Finance Corporation (IFC), Proparco , Bpifrance Founded : 2016, Ivory Coast Founders : Moulaye Taboure , Abdoul Kadry Diallo , Luc B. Perussault Diallo Products : Anka operates a SaaS e-commerce platform which serves as a one-stop-shop for businesses engaged in online retailing and goods delivery for buyers locally and internationally. What Next? : ANKA will invest the funds into strengthening its product development and expanding its services in key markets across Nigeria, Kenya and the U.S. Fixit45 Funding round : Pre-Seed ($1.9 Million) Investors : Launch Africa Ventures , Soumobroto Ganguly, David DeLucia Founded : 2021, Nigeria Founders : Justus Obaoye , Abdulazeez Ogunjobi , Pankaj Bohhra Products : Fixit24 operates an aftermarket automotive platform where car owners can connect and interact with a network of automobile service providers, technical teams and spare-parts suppliers , What Next ?: With the Funding, Fixit is set to expand its services to other regions in Africa while enhancing access to quality repairs and spare parts for corporates and individual clients. Lupiya Funding round : Series A ($8.25 Million) Investors : Alitheia IDF Fund , INOKS Capital SA , KfW DEG Founded : 2016, Zambia Founders : Evelyn Chilomo Kaingu , Muchu Kaingu Products : Lupiya provides innovative fintech solutions to the unbanked and underbanked populations in Zambia. Its offerings include various types of loans and online lending services. What Next ?: The acquired funding will go into enhancing Lupiya’s technological infrastructure, expanding its financial products, and scaling its operations to reach more customers. PremierCredit Funding round : Series A ($2.5 Million) Investors : Trade Access Sub-Fund Founded : 2019, Zambia Founders : Chilufya Mutale , Eugene Mwila Products : PremierCredit operates an online microlending and investment platform designed to increase access to financial services for unbanked and underbanked populations in Africa. This includes urban and rural micro, small, and medium-sized enterprises (MSMEs). What Next?: Fuelled by the funding, PremierCredit is set to revolutionize access to financial services in Zambia and Zimbabwe by rolling out solutions intended to promote financial inclusion in underserved areas. Introducing Ecosystem Matching 🚀🚀 Connect, collaborate, and catalyze growth with AU-Startups Ecosystem Matching. Join us today by registering your interest in the area that aligns with your goals: Investor Matching: Are you an angel investor, venture capitalist, or institutional investor, we scout and introduce you to startups that match your investment thesis. Register your interest to connect with high-potential startups and be part of Africa ’ s growth story. Register Interest Startup Matching: Are you seeking funding, guidance, or strategic partnerships for your startup? Get matched with Advisors, Talents, Investors and other crucial startup resources and opportunities. Register Interest Talent Matching: Are you in need of skilled an