Fintech startup Afriex raises US$1.2m seed round to scale up its platform

NIGERIA – Afriex, a fintech platform, has raised US$1.2 million in its seed funding round as it bids to scale its payments and remittances platform across Africa. The seed round was led by Pan-African VC firm, Launch Africa. Other investors include Y Combinator, SoftBank Opportunity Fund, Future Africa, Brightstone VC, Processus Capital, Uncommon Ventures, A$AP Capital, Precursor Ventures, and Ivernet Holdings. Angel investors like Russell Smith, Mandela Schumacher-Hodge Dixon, Furqan Rydhan, and Andrea Vaccari also took part. This new funding will be used to grow its team and expand into…

Read More