ROX acquires SilverBridge
ROX Equity Partners, a UK based private equity company, has acquired SilverBridge, a South African financial services technology provider
ROX Equity Partners, a UK based private equity company, has acquired SilverBridge, a South African financial services technology provider
Norsad Capital has provided Central Africa Building Society (CABS) Zimbabwe, a member of the Old Mutual Group, a $10m medium-term credit facility to support the bank’s growth strategy.
adumo, an independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions.
Biometrics tech firm iiDENTIFii has raised $15m in a growth capital round led by African investment company Arise, whose investors include Rabobank Partnerships, Norfund, NorFinance and FMO.
CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital, have led a $31m Series B investment round in Money Fellows, an Egyptian fintech platform.
Sanabil Investments, a wholly owned company by Public Investment Fund, has led a $40m Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets.
DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital, have invested in a pre-seed funding round in Eden Care, a licensed Rwanda-based digital insurer.
MaxAB, a food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has closed a $40m pre-series B equity round to fuel its expansion across the MENAP region.
A15, Bolt by QED, Nclude, and Outliers have invested $3.6m in FlapKap, a tech-enabled revenue-based financing platform in the MENA region.
African Infrastructure Investment Managers (AIIM), Bauta Logistics and Mokobela Shakati Consortium have established a cold chain logistics platform, Commercial Cold Holdings (CCH) with the initial acquisition of CCS Logistics from Oceana Group.
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has extended a ZAR100m stretched debt facility to RH Bophelo, for the expansion of its hospitals and clinics across South Africa.
Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund, has led a $11m investment round in SweepSouth, an online home services platform with presence across Africa.
African Infrastructure Investment Managers (AIIM) via its IDEAS Fund has invested an additional $73m into the newly merged Starsight Energy and SolarAfrica, signalling a significant vote of confidence from Africa’s largest infrastructure-focused private equity manager.
TLcom and Partech have co-led a $20m series A equity round in Vendease, a Y Combinator backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations.