MFS Africa raises additional equity and debt capital to take its Series C to $200M

Pan-African digital payments network, MFS Africa, has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C...

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it’s a startup that was in the news this January: Namibia-based JABU,...

ZirooPay raises $11.4M to scale its mobile POS solutions for retailers across Nigeria

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in the country also increased tremendously, hitting more than 500 billion as of May 2021. In Nigeria, POS...