Fintech startup Jumuisha secures seed funding round to accelerate product development

KENYA – Jumuisha, a fintech startup that helps churches and NGOs receive donations, make payments and manage events all in one place, has raised a round of seed funding to accelerate product development. The undisclosed amount of capital came from SprintX Venture Studio, based out of Austin, United States (US). Owned by 3pm Ventures, Sprint will also provide Jumuisha with business strategy, marketing and technology expertise to help it grow. “We identified the problem during the COVID-19 pandemic when the government mandated a reduction in the seating capacity of churches…

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Fintech startup Prospa closes US$3.8m pre-seed funding round to up its customer acquisition

NIGERIA – Prospa, a fintech startup, has closed a US$3.8 million pre-seed funding round to help it accelerate customer acquisition, expand its team with a focus on product and engineering and further develop its product suite. Prospa took part in the Y Combinator accelerator earlier this year, and the US$125,000 banked there is part of this US$3.8 million round, which the startup claims is the largest pre-seed amount yet raised by any Nigerian startup and was oversubscribed by 380 per cent. “At Prospa, we believe that successful small businesses can…

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Fintech Pezesha closes 7-figure seed funding for Africa expansion

KENYA – Pezesha, a Kenyan fintech startup that is creating an expansible lending framework for Small and Medium Enterprises and institutions, has raised a seven-figure seed extension round in a bid to expand further across Africa and fulfill its mission of facilitating access to affordable working capital for SMEs. The extension round was piloted by GreenHouse Capital, with on-lending liquidity support from Venture Garden Group which is a sister company to GreenHouse Capital. Founded in 2016, Pezesha is working hard to solve the continent’s US$82 billion in working capital and…

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B2B startup Sabi secures seed funding round to expand its network across Nigeria

NIGERIA – Sabi, a B2B startup serving Africa’s informal sector, has secured a seed funding round as it announces the milestone of over 150,000 small business users on its platform. According to the startup, the raised fund will be deployed in growing its network across Nigeria, thus onboarding new sales merchants. The funding round saw backing from investors including Atlantica Ventures, CRE Ventures, Waarde and Janngo Capital. IT has now closed a seed round with backing from investors including CRE Ventures, Janngo Capital, Atlantica Ventures, and Waarde Capital. Sabi is…

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