Anchor, a pan-African BaaS and embedded finance infrastructure provider announced its $2.4M seed raise led by Goat Capital to launch new products, invest in its licensing and compliance infrastructure and evaluate expansion markets.
African startups witnessed a sharp 46.5% decrease in funds raised this July compared to July 2022. Cleantech remained dominant, securing 32.8% of the continent's total funds.
These five organisations give equity-free funding to startups in Nigeria - Tony Elumelu Foundation, Lagos State Employment Trust Fund, Bill and Melinda Gates Foundation, Ford Foundation, and Bank of Industry
Sabi Am closed a $6 million bridge round amidst record growth, expanded to Kenya last month, and plans to launch in South Africa next year. But why a bridge round?
Fundraising is the process in which startups raise funds externally. In exchange for funds, investors are offered shares in the startup. Investors could be family, friends, angel investors, venture capitals, etc, depending on the seed round.
VC4A Venture Showcase, an exclusive program of choice for Africa-focused early-stage investors and hand-picked startups looking to raise their Seed and Series A rounds, is back in its 5th edition as part of the annual Africa Early Stage Investor Summit.
This comes just under a year after Okra closed its $1m pre-Seed round with only TLcom Capital participating in the round. It brings Okra’s total funding at seed to $4.5m.