Fintech startup Dash raises US$500,000 to simplify remittances, announces plans to launch in Kenya and Ghana

KENYA – Fintech startup Dash App has raised US$500,000 pre-seed financing to expand its operations to Kenya and Ghana.  Founded in 2019 by Prince Boakye Boampong, Dash App, allows users to simplify money remittances, bill payments and allow them to send, receive, spend, and save their money, all in a single app.  Sending and receiving money to/from a dash user is free and users can send money across countries instantaneously and one can also send money to any Mobile Money user, 80% cheaper than traditional means. Dash also allows users to send money to…

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Angolan crowdfunding startup Deya closes US$50m pre-seed funding round

ANGOLA – Deya, a crowdfunding startup has secured its first round of pre-seed financing of more than US$50,000 to help it further develop its platform and start generating revenue. Founded in 2017, Deya is the first crowdfunding platform in Angola, or indeed any other Portuguese-speaking African country. The startup aims to boost access to finance for social impact causes, and so far, has helped such projects raise more than US$22,000. Later this year the platform will also start facilitating crowdfunding campaigns for entrepreneurial projects, and to this end has raised an undisclosed…

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Logistics marketplace Amitruck raises pre-seed funding for expansion in East Africa

KENYA – Trucking logistics marketplace Amitruck from Kenya, has announced an undisclosed investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors. Funds will be used to expand its growing client base in East Africa. Launched in 2019 in Kenya, Amitruck is a trucking logistics marketplace connecting truckers with shippers using its web and mobile application, side stepping middlemen and brokers. Amitruck has had an exciting 12 months with its revenues growing by over 300 percent despite the Covid-19 crisis.…

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Fintech startup Cassbana secures US$1m pre-seed funding led by Disruptech Ventures

EGYPT – Cassbana, an Egypt-based fintech startup, has secured US$1 million in a pre-seed funding round led by Disruptech Ventures, an Egyptian fintech-focused venture capitalist fund along with several other fintech funds and angel investors. “We are happy to be leading this pre-seed round in Cassbana’s journey. The Egyptian Fintech ecosystem is one of the biggest worldwide, our role as a fund is to support Fintech companies from the beginning all the way through local and international IPOs,” said Mohamed Okasha, Head of Disruptech Ventures. “We have seen Cassbana’s teamwork…

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Fintech startup Blueloop has secured US$77k pre-seed funding in the last few months

NIGERIA – Blueloop, a Nigerian fintech startup, has taken on US$77,000 in pre-seed funding from Hustle Fund VC, Pioneer, Mozilla, and some angel investors this year as it builds Flux, a mobile app for crypto-based cross-border payments. Founded by Ben Eluan, Osezele Orukpe and Israel Akintunde, Blueloop is the company behind Flux, a mobile payments app for cross-border payments using cryptocurrencies. Using Flux, individuals and businesses can send and receive money from anywhere in the world, instantly convert it into cash, and spend it locally from their Flux Wallets. Flux…

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