Trending
- Kenya’s private equity deals to flourish in 2024
- Types of Properties in Downtown Dubai Suitable for Vietnamese Investors
- World Bank rolls out plan to slash EAC internet costs, fuel regional trade
- Kenya’s fertilizer distribution reforms cut consumption by 172,000 tonnes
- JPMorgan CEO to scout for loan and corporate deals in Africa tour—analysts
- The science is clear. The world is far off track from achieving vital climate goals
- Energy transition: Why Africa’s race to net-zero is moving too slowly
- Nigeria inflation cools in August, but analysts warn dip could be short-lived
Browsing: Cartona
- Startups in Africa have attracted over $1.2 billion in financing this year.
- Experts note that debt financing for startups in Africa is increasingly taking centre stage.
- In July, startups d.light, Va1U, Terrapay as well as Cartona all settled on debt financing to boost operations.
Startups in Africa have defied the odds in declining global capital flow, attracting a record $420 million in financing in July. This funding, which excludes exits, takes to $1.2 billion the amount of money channeled to startups in Africa this year and is the highest on record in 14 months.
“The numbers were heavily skewed by the two mega deals that were announced during the month: d.light’s $176 million securitisation facility and MNT-Halan’s $157.5 million raise. NALA’s $40 million Series A also deserves a mention. Combined, these three deals represent 90 percent of the funding raised,” an update by startup funding tracker, Africa: The Big Deal…