South Africa’s FlexClub secures another US$5m in funding to scale its operations

SOUTH AFRICA – South African car subscription marketplace FlexClub, has added a further US$5 million in equity and debt funding to the US$S1.2 million it raised in 2019 to help it scale. Formed in November 2018, FlexClub is a managed marketplace that simplifies investing in cars rented to people using gig platforms to earn a living and essentially allows users to purchase vehicles which are then matched with Uber drivers who pay a weekly rental charge to the investor. In 2019, the marketplace announced a partnership with Uber, offering commercial car subscriptions to…

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Founders of Kenyan startup Copia join global Endeavor network to help scale their business

KENYA – Three entrepreneurs behind Copia, a Kenyan consumer goods catalogue and delivery service, have been selected to join Endeavor Network, a non-profit organisation that supports high-impact entrepreneurs around the world, to gain access to various support services to help them scale their businesses. The three — Tim Steel, Crispin Murira and Tracey Turner are part of 37 high-impact entrepreneurs leading 21 companies from 15 markets that the organisation selected at Endeavor’s 90th International Selection Panel (ISP) held in Atlanta, Georgia, from 23 to 25 September. The Endeavor initiative, which…

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