Moroccan Startups Secure $70 Million in 2024, as East Africa Leads Investment Trends Across Africa
Moroccan startups raised $70 million in 2024. Morocco ranks fifth in Africa for startup funding.
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%.
