Ghana’s OZÉ gets $3M to scale its digital recordkeeping and embedded finance products

OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. The startup’s new financing round was led by European early-stage VC Speedinvest, with participation from Cathay AfricInvest Innovation Fund, Savannah Capital and other unnamed angel investors. This news […]

Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with the Middle East is expected to grow to $31.4 billion in 2026 from $14.2 billion last year. SeamlessHR, a Nigeria-based company that wants to help African businesses “leverage the continent’s […]

Novo, the SMB neobank, nabs $90M at a $700M valuation

Novo, the startup building a new kind of banking service from the ground up for small and medium businesses, has closed a significant round of funding to take the next step in growing its platform. It has raised $90 million, a Series B round that values the Miami-based startup at $700 million, funding that it […]

SF’s Tradeshift, a supply chain finance platform, raises $200M

Tradeshift — the late-stage startup tackling supply chain financing — has announced a $200 million funding round in equity and debt from a combination of existing and new investors, including Koch Industries, the giant industrial conglomerate. Also participating were IDC Ventures, LUN Partners, Private Shares, and Fuel Capital who increased their existing stakes in the […]

Nigeria’s OnePipe raises $3.5M to double down on its embedded finance offering

Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from venture capitalists, spiralled into this year, with each significant player raising large seed to Series A rounds. OnePipe, a fintech API company with a different play from […]

Vendease gets $3.2M to help hotels and restaurants buy food supplies in Africa

Vendease, an online marketplace that allows restaurants and other food businesses to buy supplies straight from manufacturers and farms, has raised a seed round of $3.2 million, the company confirmed to TechCrunch. The news is coming seven months after TechCrunch announced that the company, founded in January 2020, took part in Y Combinator’s winter batch […]

Productfy raises $16M to build the ‘Shopify of embedded finance’

Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Existing backers Point72 Ventures, 500 Startups and Envestnet | Yodlee also participated in the financing, which brings its total raised since its 2018 inception to nearly […]