South Africa's Yoco says it has raised a Series C funding round of $83 million (R1.23 billion) to accelerate product development and reach more merchants in South Africa and beyond.
The post-pandemic funding boom is gradually winding down with reverberating layoffs in tech startups across the world. According to Techloy startup layoff tally since the beginning of 2022, around 10,000 employees in the technology sector across Asia, Africa, Latin America, and the Middle East have been laid off in
MNT-Halan, an Egypt-based fintech super app startup has announced its completion of securitized bond issuance at $150 million of its loan book, as the first tranche of its $600 million deal with Egypt's Commercial International Bank (CIB). * The deal's proceeds will be invested in growing the startup's lending business lines
The biggest venture capital deals we tracked by region during the past week across emerging markets globally.