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The round was led by Novastar Ventures with participation from FMO, Global Ventures, CDC, Oui Capital, Kepple Africa Ventures, Soma Capital, and a syndicate of local angel investors
With this $3 million round led by Quona Capital, Cowrywise becomes one of the few startups in Nigeria to have raised a pre-series A round.
Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6 million Series A fundraise.
Echelon Capital is looking to invest millions of dollars in African tech and non-tech startups, beginning with a $1 million rolling fund.
VC4A (Venture Capital for Africa) has put out a call to African startups looking to raise between $500,000 (₦193 million) and $10 million (₦3.8 billion).
Accion Venture Lab has launched a new $23 million fintech fund, which will be used to make seed-stage investment in inclusive fintech startups.
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