AFRICA STARTUP FUNDING TRACKER
ISSUE OF
The week's raises, grants and exits on the African startup wire — funding only.
Bisedge secured debt financing, while Kuunda completed a secondary share deal and African startups raised $2.49B in nine months.
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Bisedge Secures $11.2 Million Debt Financing from Finnfund to Expand Electric Logistics Across Africa
African electric logistics company Bisedge has secured €10 million ($11.2 million) in debt financing from Finnfund, Finland’s development finance institution, to expand its electric industrial equipment operations across Africa. The investment marks Finnfund’s first electric vehicle financing deal in Africa and establishes a strategic partnership with Swedish impact investment platform Trine. The funding will support […]
Why it matters: Bisedge will use the financing to expand electric industrial equipment operations across Africa, with Finnfund making its first African EV financing deal.
techinafrica.com · 15 October
Kuunda Secures $5 Million Secondary Share Deal, Giving Early Investors an Exit
Kuunda’s $5 million transaction gives early investors an opportunity to sell holdings and increases E4E Africa’s ownership position.
techinafrica.com · 15 October
Saber Money Raises Strategic Investment from Tether and CMCC Global’s Titan Fund to Scale Stablecoin-Powered Payments
Saber Money will use strategic funding for expansion across Asia-Pacific and the Gulf, including local licences and B2B payment products.
techfinancials.co.za · 15 October