Brass plans Q1 2025 relaunch as co-founders receive no compensation after Paystack-led acquisition
Brass is gearing up for a public relaunch this month after facing severe operational challenges. The company halted withdrawals by mid-2024, leading to an acquisition by Paystack.
LoftyInc Capital Secures $43M First Close for New Pan-African Fund
LoftyInc Capital Management raised $43 million in the first close of its LoftyInc Alpha Fund. The fund targets key African markets including Nigeria, Egypt, Kenya, and Francophone Africa.
LoftyInc secures $43 million first close for new Africa seed fund
LoftyInc Capital Management secured a $43 million first close for its LoftyInc Alpha Fund. The fund targets late-seed investments in Africa's high-growth tech startups.
LoftyInc Capital raises $43m to invest in seed and Series A startups
LoftyInc Capital has reached the first close of its third fund aimed at late seed and Series A startups across Africa. The fund has received backing from development finance institutions such as Proparco and the International Finance Corporation (IFC).
African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close
LoftyInc Capital has reached the first close of its third fund, LoftyInc Alpha, at $43 million. The fund will target late-seed and Series A startups, expanding its geographical focus across Nigeria, Egypt, Kenya, and Francophone Africa.
