Rand Merchant Bank (RMB) provides debt financing to African tech companies, as shown by their investments in Wave and Paymenow. Wave, a mobile money platform in West Africa, received a $137 million debt facility to expand its cashless Africa mission. Paymenow, a South African fintech startup, secured a $14 million debt facility to expand its earned wage access (EWA) platform in South Africa, Namibia, and Zambia.
Auto-discovered — editorial review pending