South Africa’s TurnStay secures $300,000 to boost expansion in Africa
TurnStay, a South African travel-focused fintech, has secured R5.4 million ($300,000) in funding from DFS Lab and Digital Currency Group. The fintech plans to use the funding for expansion efforts across Africa and to strengthen its position in the local market.
Zone Secures $8.5 Million in Initial Funding Round as an Independent Blockchain Payment Firm
Zone, a Nigerian blockchain startup, has secured $8.5 million in its first venture capital funding round. Zone intends to broaden its domestic network coverage and forge connections with additional banks and financial services entities.
Kenya’s tappi raises $1.5m pre-seed funding to digitise African SMEs
tappi has raised $1.5 million in a pre-seed funding round led by Mercy Corps Ventures and Chui Ventures. The funding will be used to digitize and build online trust for African SMEs.
