AFRICAN STARTUPS MORNING WIRE
ISSUE OF
The overnight wire, every weekday morning — the raises, launches and exits the desk judged in.
Bisedge secured €10 million in debt financing, while Kuunda completed a $5 million secondary share transaction.
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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: The financing will support Bisedge’s electric industrial equipment operations and expansion across African markets.
techinafrica.com · 15 October
Kuunda Secures $5 Million Secondary Share Deal, Giving Early Investors an Exit
Kuunda’s transaction gives early investors an exit while increasing E4E Africa’s ownership position in the South African fintech.
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 the funding for expansion across Asia-Pacific and the Gulf, including local licences and B2B payment products.
techfinancials.co.za · 15 October