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Finclusion raises $20M to build out credit-led neobank offering across Africa – TechCrunch

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bet from institutional investors in this class of fintechs is massive and in the latest development from Africa, it seems individual investors appetite is increasing likewise. Finclusion Group, a fintech that uses […]
Nairobi Area South Africa Klemens Hallmann Jonathan Doerr Sudeep Ramnani Christian Angermayer

Opontia: Enabling e-commerce brands to go global

Opontia: Enabling e-commerce brands to go global Philip Johnston and Manfred Meyer, co-founders of Opontia The GCC region is one of the fastest-growing e-commerce markets in the world according to a report from Dubai’s CommerCity, with online sales set to treble by 2022. US-based consultancy firm AT Kearney predicts the region’s e-commerce sector will grow from $29 billion this year to $50 billion by 2025. While the sector continues to see higher adoption of online shopping among consumers,...
Al Qahirah Jonathan Doerr Philip Johnston Tushar Ahluwalia Manfred Meyer Us Branded Group
Source: wamda.com

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Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East – TechCrunch

Razor Group. Branded. Thrasio. These are big names in the new wave of e-commerce companies taking the world by storm. Their business of acquiring small e-commerce brands that look promising and consolidating them is quite popular in the U.S. and Europe. The concept has sifted through those shores to Latin America and Asia, where companies […]
New York United States Al Qahirah United Arab Emirates Ar Riya Saudi Arabia

We Got Funded: UAE Healthtech Smileneo Raises US$2 Million Seed Funding

April 25, 2021 5 min read Opinions expressed by Youre reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Smileneo, a UAE healthtech startup, has successfully raised US$2 million in a seed funding round led by Kingsway Capital. FJ Labs, a fund led by José Marin and Fabrice Grinda, founder of OLX Group, joined the round, as well as a number of global angel investors, including Mato Peric, founder of MPGI, Leonard Stiegeler, ...
United Arab Emirates Fabrice Grinda Jonathan Doerr Mato Peric Leonard Stiegeler Tom Stafford

Smileneo raises $2 million in Seed investment

Smileneo raises $2 million in Seed investment Image courtesy of Smileneo UAE-based healtech startup Smileneo has raised $2 million in a Seed round led by UKs Kingsway Capital alongside FJ Labs and other angel Investors Smileneo is a dental cosmetics direct-to-consumer brand, helping its customers straighten their teeth using 3D-printed aligners It will use the funds to grow its team, expand operations, and enter new markets. The startup was founded by Jonathan Doerr, who was previously the co-C...
Sri Lanka Fabrice Grinda Jonathan Doerr Property Group United Kingdom Kingsway Capital
Source: wamda.com

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