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International Finance Corporation

Seedstars raises $20 million seed stage fund to support emerging market startups

Seedstars raises $20 million seed stage fund to support emerging market startups

Seedstars International Ventures, an investment firm based in Switzerland has raised $20 million of its $30 million Fund II target to invest in tech startups across the emerging markets in Asia, Africa, MENA, and Latin America. * The capital will be deployed to 100 startups building the future of finance, commerce,

FMO commits $10 million to Algebra Fund II to back Egyptian tech startups

FMO commits $10 million to Algebra Fund II to back Egyptian tech startups

Algebra Fund II, managed by Algebra Ventures based in Egypt has secured $10 million from FMO, the Dutch Entrepreneurial Development Bank, alongside other investors. * Algebra Fund II will invest in technology startups in Egypt, the Middle East and, other African areas. * The fund will be deployed as early-stage investments across

IFC invests $91 million in West African mobile money startup Wave

IFC invests $91 million in West African mobile money startup Wave

The finance-focused arm of the World Bank Group, the International Finance Corporation, has invested $91 million in Wave mobile money startup, based in Senegal and Coted'Ivoire in the West Africa region. * The investment targets promoting financial inclusion and supporting economic growth in Senegal and Coted'Ivoire by helping Wave to increase