Senegal
Partech Closes Tech Africa Fund at USD 260M
Partech, a global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target fund size. This second iteration of Partech’s Africa-focused strategy is backed by major Development Finance Institutions, as well as Institutional
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Meet the 6 Fintech Startups Competing in the Ecobank Fintech Challenge 2022 Finals
African banking group Ecobank Group has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge, chosen from a pool of 700 applicants in 59 countries. Finalists will undergo a mentoring programme to explore funding opportunities and
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IFC Invests €90 Million in Wave Mobile to Boost Financial Inclusion in West Africa
The International Finance Corporation (IFC) announced an investment in mobile money provider Wave Mobile to spur financial inclusion and support economic growth in Senegal and Côte d’Ivoire. The investment from IFC and other lenders will help Wave substantially grow its
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5 Out of 7 Tech Unicorns in Africa Come From Fintech
Africa is seeing a rush of funding for its fintech sector, and some companies have already emerged as the continent’s biggest fintech bets, becoming unicorns in Africa. African fintech companies have raised more in the first seven months than they
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Mobile Money Startup Wave Turns Unicorn With US$200M Raise
U.S. and Senegal-based mobile money provider Wave has raised a substantial US$200 million in a Series A fundraise, TechCrunch reported. This makes the company the first unicorn for the Francophone Africa region, with the Series A being the largest ever
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