BlueOrchard backs a digital insurance platform in the South African market
Naked was launched in 2018 with the mission of making insurance more accessible, convenient, and transparent. Through its automated processes, which replace many inefficient parts of the traditional insurance model with in-house-built technology, the company unlocks significant cost savings, which is ultimately reflected in lower premiums. Beyond convenience and competitive pricing, Naked has enhanced transparency by simplifying its products to offer easy-to-understand all-risk cover, free from many of the exclusions typical in similar policies in the market. Naked has developed and refined much-needed climate cover to protect customers against the risks of flooding and large, damaging weather events.
Source: BlueOrchard
Inua Capital announces its equity investment into Flow Uganda
Inua Capital is excited to announce its equity investment into Flow Uganda, a pioneering tech-driven microfinancier that is at the forefront of driving financial inclusion in rural and peri-urban Uganda. Flow Uganda empowers micro-entrepreneurs by providing life-changing credit to them to power the growth of their businesses/economic activity and transform their livelihoods.
Source: Inua Capital
Launch Africa Ventures announces investment in VaulFi
We’re thrilled to kick off the year by investing in VaulFi, a trailblazer in Algeria’s financial services sector!
Source: Launch Africa Ventures
MoneyHash secures US$5.2mn in pre-A funding
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. Flourish Ventures – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney, and Neon – led the round, adding to its portfolio of over 100 fintech startups. Additional investors include Saudi's Vision Ventures, Arab Bank's Xelerate, and Emurgo Kepple Ventures. The round features the participation of Jason Gardner, founder and former CEO of Marqeta, as his first MEA investment. The round also saw continued support from existing investors COTU, RZM Investment, and Github founder Tom Preston-Werner.
Source: MoneyHash
Purple Elephant Ventures raises US$4.5mn in seed financing
Purple Elephant Ventures Secures $4.5M Seed Round, Setting Record as Kenya’s Largest Tourism-Tech Fundraise
Source: Purple Elephant Ventures
SC Ventures and Yabx set up US$10mn lending platform
Davos, Jan. 24, 2025 – SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands) B.V., a company of Tech Mahindra (NSE: TECHM) group, a leading global provider of technology consulting and digital solutions to enterprises across industries, have signed a set of shareholder and technology collaboration agreements to formalise their joint investment in Furaha. SC Ventures has invested $ 7 million, while Yabx BV has contributed through technology transfer, resulting in a combined investment of $10 million in Furaha. Incubated by SC Ventures, and co-founded by Yustus Aribariho and Ian Fernandes, Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa, with its first offering being in the education financing space. Furaha is headquartered in UAE’s Dubai International Financial Centre (DIFC)and extending its offerings to local operating markets in Africa, starting with Uganda as its first market.
Source: SC Ventures
Village Capital Invests US$150k in two innovative women-led startups
Village Capital has announced its latest investments worth USD 150,000 in two innovative women-led startups, Rhea Soil Health Management (Rhea) and Regxta, through Standard Chartered’s Women in Tech Financing Facility, created to support alumni of Standard Chartered’s Futuremakers program.
Source: Village Capital