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Oluwajuwonlo Afolabi

SaaS platform Cloudfret raises $1 million at a $20 million valuation

SaaS platform Cloudfret raises $1 million at a $20 million valuation

Cloudfret, a Morocco-based software-as-a-service (SaaS) company has raised $1 million to support its operation expansion. * The funds will be used to expand its team, build out new services and increase its presence in African and European markets, it claims. * Launched in 2021, Cloudfret links shippers to a large network of

Indian fintech platform Innoviti secures $9.6 million in Series D

Indian fintech platform Innoviti secures $9.6 million in Series D

Innoviti, a payment solutions company based in India has secured an additional $9.6 million in its ongoing Series D funding round led by FMO, a Dutch development bank. * The investment will be used to fund its working capital, market its mid-market products, and strengthen its B2B and digital technology,

Indian fintech startup ShopSe raises $6.1 million in Series A round

Indian fintech startup ShopSe raises $6.1 million in Series A round

ShopSe, an India-based fintech startup has raised $6.1 million in its Series A funding round from BEENEXT, Chiratae Ventures, and White Venture Capital. * The funds will help the startup to hire more talents, widen its partnerships, and further develop its platform. * Launched in 2020, ShopSe is a fintech platform

Ex-Binance executives launch $100 million crypto fund for Latin America and Africa

Ex-Binance executives launch $100 million crypto fund for Latin America and Africa

Old Fashion Research, a group founded in 2021 by the former executives of Binance has launched a $100 million fund to support crypto adoption and expansion in emerging markets– Latin America and Africa. * The funds will focus on supporting metaverse and cryptocurrency projects in the regions. * The group has earlier

Anava Fund of Fund raises $6.4 million to invest in Tunisian startups

Anava Fund of Fund raises $6.4 million to invest in Tunisian startups

Anava Fund of Fund, a Tunisia-based investment body has raised $6.4 million in a subscription to 216 Capital Fund I to support startups with high potential for growth in Tunisia. * The funds will be used to invest in pre-seed and seed rounds of startups with over $100,000 for

Indonesian investment app Bibit secures $80 million in funding

Indonesian investment app Bibit secures $80 million in funding

Bibit, an Indonesia-based online investment app focusing on capital market and meeting of financial goals through investments has secured $80 million in its new funding round. * The funds will help the firm build out new products and services, develop its tech team, and promote financial education through its program in

Inventus Capital launches $120 million fund to support SaaS startups

Inventus Capital launches $120 million fund to support SaaS startups

Inventus Capital, a venture capital firm based in India has launched $120 million in its fourth fund to support early-stage consumer internet and software-as-a-service (SaaS) startups. * The launched fund is waiting for the approval of the Securities and Exchange Board of India, targeted at six months' time, the firm claims.

NFT marketplace FanTiger secures $5.5 million to boost music production in India

NFT marketplace FanTiger secures $5.5 million to boost music production in India

FanTiger, a music non-fungible token (NFT) marketplace run by ArtistFirst Technology has secured $5.5 million in its seed funding round to support music artists and music production in India. * The raised funds will be used to build out its products, develop its tech team, improve its industry partnerships, and

Namibia's B2B e-commerce retail platform JABU secures $15 million funding

Namibia's B2B e-commerce retail platform JABU secures $15 million funding

JABU, a Namibia-based e-commerce retail platform has secured $15 million in its Series A funding round led by Tiger Global. * JABU offers app-based services for merchants to order consumer goods and expect same-day delivery through its efficient distribution channel. * The e-commerce company also provides sales metrics and agent performances for

Singapore's blockchain VC firm NGC Ventures raises $100 million

Singapore's blockchain VC firm NGC Ventures raises $100 million

NGC Ventures, a Singapore-based blockchain and financial technology firm has raised $100 million in its new funding round to support web3-focused projects. * The crypto firm will fund early-stage projects in web3 including decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi (blockchain-based play-to-earn games using DeFi and NFTs). * Babel Finance, Huobi