Moroccan Logistics Startup Colis.ma Secures USD 300 K in Pre-Seed Funding
Colis.ma raises USD 300 K in pre-seed funding. Funding provided by venture capital firm Witamax.
Sawari Ventures to back more African startups with new $200 million fund
Sawari Ventures II targets raising $200 million for investment. Approximately 70% of the fund will be allocated to Egyptian startups.
Crypto Platform YellowCard Raises $33 Million To Continue Expansion Efforts In Africa
Yellow Card raised $33 million in new venture capital funding. Total funding raised by Yellow Card is about $49 million.
"It's not a zero-sum game." — TransferGo's CEO on the future of remittances in Africa
Remittances to sub-Saharan Africa reached $54 billion in 2023. TransferGo has reduced the cost of remittances by as much as 95%.
IFC Proposes Investment in Moroccan EmergingTech Ventures Fund II
IFC proposes investment of up to USD 4 million in EmergingTech Ventures Fund II. Emtech II is a Moroccan early-stage VC fund targeting a first closing at USD 40 million.
