Who's doing what in the African M&A space?


Who's doing what in the African M&A space?


Published Date: 2021-04-30 | Source: DealMakers | Author: Marylou Greig

Who's doing what in the African M&A space?

DealMakers AFRICA

  • Ajua the Kenyan integrated customer experience platform for businesses on the continent, has acquired WayaWaya, a Kenya-based AI and ML messaging and payments company whose platform Janja is a payments bots system enabling borderless banking and payments across apps and social media platforms. Financial details were undisclosed.
  • TIBU, a Kenyan e-health startup which provides a digital platform that decentralises primary outpatient care has raised an undisclosed amount in a seed funding round. The funds will help to scale the business which includes setting up a high-tech micro-laboratory to process samples in-house.
  • Finance Bridge Academy the Lagos-based online trading school, has been acquired by CryptoLocally for an undisclosed sum. Via this acquisition, CryptoLocally intends to launch the CryptoLocally African Academy which will provide free online training courses specialised for users in Africa. The main aim is to achieve financial inclusion by allowing users to learn more about cryptocurrencies and crypto trading.
  • Paymob the Cairo-based fintech startup has secured US$15 million in a Series A funding round led by UAE-based venture capital firm Global Ventures. Also participating in the round was A15 and FMO. Paymob will use the funding to scale the merchant network, enhance its range of products and drive its regional expansion.
  • Kidato, a Kenyan edtech startup and online school for K-12 students, has raised a seed round of US$1,4 million. The funds will be used for growth and product development.
  • Kashat the Cairo-based nano lending mobile application, has secured an undisclosed amount of funding from Cairo Angels. The fintech startup offers short term loans from EGP200 to EGP1,500 with a repayment plan of up to 61 days. The product is designed to serve the unbanked which is said to comprise almost two-thirds of the population.

  • DealMakers Africa is the Continent's M&A publication.

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