P1 Ventures closes $50 Million fund to back global companies “made in Africa”
P1 Ventures completed the final close of its first $50 million institutional fund. The firm co-invested in Morocco-based Nuitee’s $48 million Series A round as the only African VC alongside Accel.
Payment unicorn Zepz raises $267 million from World Bank, Accel and TCV
Zepz raised $267 million for expansion in Africa. The company reached profitability for the first time two years ago.
Swypex Secures $4 Million in Seed Funding to Expand Its Comprehensive Financial Management Services in Egypt
Swypex, an Egyptian startup, has launched its comprehensive financial services platform for businesses after securing $4 million in a seed investment round. Swypex offers an all-inclusive financial management platform that provides businesses with immediate access to a financial dashboard, intellige
Egyptian Fintech Swypex launches; Raises USD 4 M Seed Round
Swypex has launched following a USD 4 million seed investment round. The platform consolidates payments, invoice management, and smart corporate cards.
Accel leads $4M investment in Egyptian corporate cards platform Swypex
Over 30 million cards, including prepaid cards, are in circulation in Egypt, with a 14% increase in card usage in the last four years. Swypex, a fintech startup, raised $4 million to expand its business and technical capabilities in offering corporate cards and management tools for businesses.
