"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.
Moroccan agritech startup YoLa Fresh secures $7 million pre-Series A to solve supply chain issues
YoLa Fresh secures $7 million in pre-Series A funding to link farmers with retailers. The startup aims to expand into additional markets but is currently focused on Morocco.
YoLa Fresh, a GrubMarket for Morocco, digs up $7M to connect farmers with food sellers
YoLa Fresh connects smallholder farmers with traditional retailers of fruits and vegetables. The startup has recorded up to $1 million in monthly gross merchandise volume.
Fintech Startup Tookeez from Morocco Secures $1.5 Million Investment
Moroccan FinTech startup tookeez has secured $1.5 million in a fundraising round led by Azur Innovation Fund. The funding will support tookeez's expansion across Morocco, Africa, and the MENA region.
