- Yellow Card has secured $40 million in strategic equity financing to accelerate the expansion of its institutional stablecoin payments business.
- Moove raised $250 million in a Series C funding round, reaching a valuation of $2.1 billion.
- Moment has raised $22 million in a Series A funding round to build advanced payment infrastructure.
- Somalia has launched a National Startup Network to strengthen its innovation ecosystem and improve collaboration among entrepreneurship support organizations.
- CcHUB has selected 12 startups for Cohort 4 of the Mastercard Foundation EdTech Fellowship in Nigeria.
- WATTSC has launched watt.ma, a platform for managing and monetizing electric vehicle charging infrastructure across Morocco.
- Rank has introduced three community-powered financial products aimed at expanding access to zero-interest financing for individuals and small businesses.
African startups are making significant strides in funding, with Yellow Card, Moove, and Moment raising a combined total of $312 million.123
Yellow Card, a fintech company, secured $40 million to enhance its stablecoin payments business, bringing its total funding to over $120 million.
The investment will facilitate the expansion of its Global USD Accounts platform, which allows businesses to manage U.S. dollar balances and transfer funds across more than 50 countries.
Moove, a mobility startup, raised $250 million in a Series C funding round, achieving a valuation of $2.1 billion. This funding will support its transition from financing ride-hailing vehicles to developing infrastructure for autonomous robotaxi fleets, including charging and maintenance facilities.
Moove plans to grow its workforce to 500 employees by year-end and expand its operations globally.
Moment, a South African fintech, raised $22 million to enhance its payment infrastructure, providing comprehensive solutions for enterprise merchants. The funding will help strengthen its payment network and accelerate its expansion across African markets.
In addition to these funding rounds, Somalia has launched a startup network to foster innovation, while CcHUB has selected 12 EdTech firms for support, highlighting the growing entrepreneurial ecosystem in Africa.45
“Yellow Card's $40M round brings its total equity funding past $120M, while Moove's $250M Series C, led by Mubadala, values it at $2.1B and funds robotaxi infrastructure. Separately, BlissClub raised Rs 160 crore led by Singularity AMC, and PayU partnered with Marg ERP for pharma payments.”
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