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- This Week in African Tech 🌍
This Week in African Tech 🌍
Copia raises $20 million while Jumia Food shuts down
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Hey and welcome to This Week in African Tech!
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Kenya to become VISA-free starting January next year visitors worldwide won't need a visa! The government's new digital platform makes it easy for everyone to get an electronic travel authorization instead.
Copia teams up with Visa to bring a digital wallet to their customers. Users can shop, pay with Visa, and access extras like “Buy Now Pay Later” credit, savings plans, loyalty rewards, and remittance services, all on one platform.
Twiga Foods CEO Peter Njonjo takes a 6-month break from his role to focus on personal matters. The news comes a week after a Kenyan court granted the company a four-month window to sort out its unpaid bills dispute with Incentro Africa.
Kenyan e-commerce and fintech platform, Copia Global, raises $20 million in Series C extension. The round was led by Enza Capital, LGT, Goodwell Investments, DFC, DEG, Elea, Perivoli Foundation, and Sorenson Foundation.
Susu, the French-African startup, raises $4.9 million (€4.5 million) in funding to expand to new African markets. The round was led by INCO Ventures, Al Mada Ventures, Janngo Capital, and Open CNP, with the participation of Health54 (CFAO Healthcare), Launch Africa Ventures, Five35 Ventures, Plug and Play Ventures, and several business angels.
Maka, the Lagos-based fashion and beauty e-commerce platform, raises $2.65 million in pre-seed funding. The round was led by 4DX Ventures and Janngo, with participation from Palm Drive Capital, Jonathan Shipman, and executives Wolt.
WIC Capital, a local capital provider supporting women-led micro, small, and medium enterprises (MSMEs) in Senegal and Ivory Coast, receives a $1 million loan from FSDAi Nyala Facility BV to expand its impact.
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