Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion). The stock…
Ventures Platform, one of Africa’s most active early-stage venture capital firms, has raised $64 million so far for its second fund, with a final close target of $75 million, according to founding partner Kola Aina. The raise includes participation from the Nigerian government through its Investment in Digital and Creative Enterprises (iDICE) program — marking…
Bending Spoons, one of Europe’s leading technology companies, today announced it has raised $710 million in equity at a pre-money valuation of $11 billion. The round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset…
Legora, the collaborative AI platform for lawyers, today announced the completion of a Series C round of $150 million at a $1.8 billion valuation, led by Bessemer Venture Partners, with significant investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator, to accelerate its global expansion and growing product roadmap. The funding…
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TLDR Kredete, a fintech focused on helping African immigrants build credit and access financial services, has raised $22 million in a Series A round The raise was led by AfricInvest through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle, with participation from Partech and Polymorphic Capital The company will use the capital to expand…
From left: Stephen Britto, CFO and Kosta Scholiadis, founder and CEO of Street Wallet. Cape Town-based fintech start-up Street Wallet has raised R6.2 million ($350 000), at a valuation of over R34 million ($2 million), to accelerate its mission of bringing SA’s street vendors and SMEs into the digital economy. This is according to Kosta…
Quantum computing firm IQM says it’s raised $320 million of fresh funding to ramp up investments in technology and commercial growth. The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google…
Zed Industries, creator of the high-performance open-source code editor Zed, today announced it has raised $32 million in Series B funding led by Sequoia Capital, bringing total funding to over $42 million. The investment will accelerate development of new capabilities that enable real-time collaboration between developers and AI agents directly within code. Contextual and Collaborative…
Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult for customers to identify, as calls and e-mails appear to come from their banks’ legitimate contact details,” the bank said in a statement on…
