Page 4 - Flutterwave Inc News Today

(Bloomberg) -- U.S. private equity firms Tiger Global and Avenir Growth Capital led a funding round for Kenyan e-commerce platform Sokowatch at a $625 million valuation, which the firm will use to expand into new markets.

MTN Group Ltd will look for minority investors in its African fintech unit after separating the division from the carrier’s traditional telecom business, a…

(Bloomberg) -- Credrails, a startup that plans to aggregate financial data across Africa, will this month close a $2.5 million seed-funding round with backing from Softbank Group Corp., according to co-founder Clara Wanjiku Odero.

(Bloomberg) -- FSD Africa, a body funded by the U.K.’s Foreign, Commonwealth & Development Office, said it plans to help create insurance unicorns in the continent by mentoring startups and helping them raise funds.

The emerging markets-focused payments firm has more than tripled its valuation in less than a year to over $ 3bn after its latest fund-raising.Flutter

The sale was 1.2 times oversubscribed, with 85% of the investors aged under 40 years.

The emerging markets-focused payments firm has more than tripled its valuation in less than a year to over $3bn.

Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa. Bamboo, with over 300,000 account holders in Nigeria, plans to use the funds to expand into new markets including Ghana, Kenya and South Africa, according…

(Bloomberg) -- Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa.

(Bloomberg) -- Africa’s technology startups raised a record $5 billion this year as U.S. investors piled into companies that are helping the continent’s tech-savvy and young population conduct financial transactions.