• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, July 2, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Weekly Deals Digest: Oct 14 – Oct 20

Mwakaneno GakwelibyMwakaneno Gakweli
October 31, 2020
in African News, Startups
Reading Time: 5 mins read
Weekly Deals Digest

In this week’s deals digest, African fintechs take the lead in terms of investments raised, with south Africa’s RSAWEB at the helm following a $10 million investment from Actis. In emerging markets, Mexico’s operator of luxury hotels and suites Casai stole the show with a $23 million investment. The digest also welcomes Bangladesh, represented by ShopUp’s $22.5 investment. Globally, the US’ internet first retail bank raised $533.8 million, the highest investment in this issue.

Top Venture Deals in Africa

South Africa’s business internet and data centre services provider RSAWEB raised $10 million from Actis. The deal will give Actis a non-controlling interest subject to regulatory approval.

Nigerian Edtech Edves is raising $0.5 million from unnamed investors. The enterprise application is raising the funds to expand its market to 10 other countries to acquire schools in its latest go to market strategy. Edves offers an integrated platform for schools, automating operations in schools and colleges.

ADVERTISEMENT

Nigeria’s Fundall, a digital banking platform, raised $150,000 pre-seed investment from Black Knight Capital. The startup will use the funding to acquire a Microfinance Bank, to cement its operational framework as it upgrades from its Beta phase. Fundall will also launch an MSE banking service which will launch in November 2020.

READ ALSO: Weekly Deals Digest: Sept 30 – Oct 6

South Africa’s Click2sure raised an undisclosed investment in a Series A round led by Greenlight Re and SixThirty. The funding will enable the full stack online insurance broker to develop its product and leverage its digitisation strategy fro insurance businesses.

Egypt’s edtech Marj3 raised an undisclosed seed funding from Expert Dojo and other investors. The investment will allow the online information and advisory services platform to expand its team, and grow universities joining the platform.

Top Venture Deals in Africa. Weekly Deals Digest. Source Tracxn
Top Deals in Africa. Weekly Deals Digest.

Top Venture Deals in Emerging Markets

Mexico’s Casai raised $23 million in a Series A funding led by Andreessen Horowitz, Global Founders Capital, Kaszek Ventures and three other investors. This is the highest amount raised in emerging markets featured in this week’s deals digest. The startup, which combines luxury facilities of hotels with the apartment-style living will use the funding for research and development and grow its team.

Bangladesh’s provider of software solutions to sell on social media ShopUp raised $22.5 million from Flourish, Sequoia, Speedinvest, Lonsdale Capital Partners and VEON. The investment will allow ShopUp to support the digital ecosystem for MSMEs in the country as well as develop a mobile financial service for its users. So far, the startup has raised $28 million to digitize small stores in Bangladesh.

Columbia’s provider of retail chain services Chiper raised $12 million in a Series A funding led by Kaszek Ventures, Monashees and Wind Ventures. The funding will be used to expand its customer, moving from the current 3000 monthly users to 30,000 by the end of 2021. Chiper will also launch in four new cities and expand its staff base by 30%.

Top Venture Deals in Emerging Markets. Weekly Deals Digest. Source Tracxn
Top deals in Emerging Markets

Top Venture Deals Globally

US’ Chime tops this week’s deals digest with an investment of $533.8 million from Coatu, Iconiq Capital, Tiger Global Management, DST Global and four other investors.

Singapore’s Princeton Digital Group, a provider of data centres and fibre optic infrastructure for SMEs, entered a definitive agreement for $360 million equity investment led by Ontario Teachers’ Pension Plan and Warburg Pincus. The company will use the additional capital to grow its market and expand to new countries.

Lastly, China’s 3DMed raised $224 in its second equity financing round led by CPE Capital, CICC Capital, Qingsong Fund and three other investors. The provider of personalized diagnostics and treatment for Cancer will use the funds for research and development and expand its overseas business. 3D Med is the deals digest first life sciences firm.

Top Venture Deals in Globally. Weekly Deals Digest. Source Tracxn

Click here to read the full Weekly Deals Digest Report.


Hisa App Hisa App Hisa App
Previous Post

Tea Auction Records an Increase in Prices

Next Post

Citi Projects Safaricom’s Net earnings to Hit KSh78.7 Billion in 2023

Related Posts

Airtel SmartCash

Airtel Africa Launches SmartCash Payment Service Bank in Nigeria

July 2, 2022
Standard Chartered Women in Tech

Announced; The Top 10 Startups Joining Standard Chartered’s Women in Tech Incubator

July 2, 2022

AfDB Set to Fund Rwanda to Establish Pharmaceutical Body to Support Vaccine Making

July 1, 2022

Shell Suspends Plans to sell its onshore oil assets in Nigeria

July 1, 2022

Mauritius Drops Almost All COVID-19 Restrictions

June 30, 2022

Egypt Gears for $500 Million from World Bank to Boost Food Security

June 30, 2022

Jambojet Fetches KSh11 Million from Cargo Operations in Goma

June 30, 2022

African e-Health Startups Receive $7 Million Backing from New Program

June 30, 2022
Load More
Next Post
Safaricom CEO Peter Ndegwa

Citi Projects Safaricom's Net earnings to Hit KSh78.7 Billion in 2023

ADVERTISEMENT

Follow Us

  • 139.2k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Jul
11
Mon
all-day British American Tobacco Uganda ...
British American Tobacco Uganda ...
Jul 11 all-day
Payment of recommended dividend of Ushs 209.00
Jul
15
Fri
all-day Nairobi Securities Exchange Divi...
Nairobi Securities Exchange Divi...
Jul 15 all-day
 
Jul
22
Fri
all-day Umeme Plc Dividend Payment
Umeme Plc Dividend Payment
Jul 22 all-day
Umeme Plc Dividend Payment of Ush 54.10 per share
1:35 pm Umeme Limited Dividend Payment
Umeme Limited Dividend Payment
Jul 22 @ 1:35 pm – 2:35 pm
 
Jul
24
Sun
all-day Total Energies Book Closure
Total Energies Book Closure
Jul 24 all-day
 
Jul
25
Mon
all-day Jubilee Holdings Dividend Payment
Jubilee Holdings Dividend Payment
Jul 25 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In