API Fintech Raises US$25mn Series A Extension, Totaling US$55mn
South African API fintech Stitch secured an additional $25 million, bringing its Series A round total to $55 million. Led by investors including Ribbit Capital and PayPal Ventures, the funds will support expansion across Africa and continued product development.
Source: Techpoint Africa
BluePeak Secures European LP for Second Fund
BluePeak Private Capital raised additional capital for its second fund by bringing in a new European development finance institution as an LP. The firm focuses on mezzanine and structured growth capital for African and Middle Eastern businesses.
Source: VCCircle
Consortium Acquire Egyptian Microfinance Platform
A consortium led by SPE Capital, including the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV), and British International Investment (BII), has acquired Tamweely Microfinance S.A.E for over EGP 2.5 billion (approximately $80 million). Tamweely operates 230 branches across 24 governorates in Egypt, having disbursed more than EGP 17 billion to over 500,000 clients. The acquisition will expand Tamweely’s product suite and digitisation.
Source: Egypt Today
Education Exit After 9-Year Investment
Impact investment firm Investisseurs & Partenaires (I&P) exited Enko Education after a nine-year partnership. During I&P's tenure, Enko expanded to over 10 African countries, providing international-standard secondary education.
Source: Business in Cameroon
Electric Mobility Startup Raises US$8.1mn Pre-Series A to Expand Urban Energy Access
Electric mobility startup Kofa, based in Ghana, raised $8.1 million in a Pre-Series A round co-led by E3 Capital and Cygnum Capital. The round will help scale the company’s battery-swapping infrastructure in African cities.
Source: TechCabal
Ghana-Based Fintech Secures US$18mn Debt to Fund Pan-African Expansion
Ghana-based fintech Zeepay secured $18 million in debt funding from Symbiotics BV and others to support expansion into new African markets and improve remittance infrastructure.
Source: Disrupt Africa
Investment in Renewable Energy Project in Mali
Cygnum Capital made a new investment in a renewable energy venture in Mali. The project is part of its broader climate-focused infrastructure strategy in West Africa.
Source: Africa Private Equity News
Payments Infrastructure Secures US$150mn in Series D Round Co-Led by Apis Partners
Global payments infrastructure firm Thunes raised $150 million in a Series D round co-led by Apis Partners and existing investor BII. The investment aims to accelerate expansion of Thunes’ cross-border payment capabilities across emerging markets, including Africa.
Source: Apis Partners