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BD Insider 162: Nigerian banks owe telcos ₦120 billion USSD debt

We are starting the week with two funding news. Pan-African asset financing platform, M-Kopa has secured over $250 million in new funding. The investment includes $55 million in equity and over $200 million in debt, according to reports. It is one of the largest combined debt and equity funding that has been raised in the […]
8 minute read
BD Insider 162: Nigerian banks owe telcos ₦120 billion USSD debt

We are starting the week with two funding news.

Pan-African asset financing platform, M-Kopa has secured over $250 million in new funding. The investment includes $55 million in equity and over $200 million in debt, according to reports. It is one of the largest combined debt and equity funding that has been raised in the African tech ecosystem.

In Nigeria, Gricd has raised $1.5 million in a seed funding round led by Atlantica Ventures. With this funding, the company wants to expand across Africa and develop new solutions that will make it easier to insure perishable goods on the continent.

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Last updated: December 25, 2024

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