Nigeria’s CcHUB Syndicate invests
in Oneport 365, Stears Business and Taeillo. Oneport 365 is a B2B digital freight forwarding platform, Stears Business is a digital information company, while Taeillo is a lifestyle brand. The 3 startups, with valuations north of $17.5m, will receive $267,500 in bridge financing to hold them over till their next funding cycle.
South African digital bank Tyme has raised
$110 million in private capital and linked up with JG Summit to apply for a local digital bank licence in the Philippines.
Cameroonian fintech startup Diallo, has closed
$3.5m in funding led by Lundin Group. This makes it the fourth francophone African startup to have raised over $1m in less than 6 months.
South African fintech startup Stitch has announced
a US$4 million seed round. The round was co-led by First Minute Capital and The Raba Partnership. The Stitch API allows developers to connect apps to financial accounts.
Africa’s largest fiber company, Liquid Telecom, raises
$840 million in bond. The money raised will support the growth and refinance of its parent company’s debt, Liquid Telecommunications Holdings Limited.