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Funding

Tunisian Cynoia Raises $930K to Expand into the West African Market

  • Blessed Frank

Blessed Frank

Jan 11, 2024 • 1 min read
Tunisian Cynoia Raises $930K to Expand into the West African Market

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Senegal’s Wave Secures $137 Million in Debt Funding to Expand Across West Africa

Senegal’s Wave Secures $137 Million in Debt Funding to Expand Across West Africa

Senegal-based mobile money platform Wave has raised $137 million in debt financing to accelerate its mission of making financial services more affordable and accessible across West Africa. Founded in 2018 by Drew Durbin and Lincoln Quirk, Wave has grown rapidly to serve more than 29 million active users each month
Jul 1, 2025 1 min read
d.light Secures $300 Million to Expand Solar Financing for Off-Grid Communities in Africa

d.light Secures $300 Million to Expand Solar Financing for Off-Grid Communities in Africa

Solar energy startup d.light has secured over $300 million in new capital to purchase consumer receivables. The Stanford-founded company is set to scale the distribution of solar home systems across underserved areas in Kenya, Uganda, Tanzania, and Nigeria. The new funding will support the company’s goal of reaching
Jul 1, 2025 1 min read
Ethiopia’s Remittance Startup Smilepay Launches Global Money Transfer Service

Ethiopia’s Remittance Startup Smilepay Launches Global Money Transfer Service

Smilepay, a digital remittance startup backed by Kazana Group, has officially launched its global money transfer service after securing regulatory approval from the National Bank of Ethiopia (NBE). The platform, now live, provides individuals and businesses with a streamlined way to send money to Ethiopia from anywhere in the world.
Jul 1, 2025 1 min read
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