DEAL ANNOUNCEMENT
We are happy to announce a deal closure of USD 100,000 by one of our angel investors in TAIN Fund (an angel fund ) for a microfinance business in South Africa.
We invest in startups and SMEs in Tanzania and across SADC markets.
Startup funding in Africa - H12025
1. African startups have so raised $2.7 billion in Africa
2. With debt option increases, equity still attracted $1.5 billion of that, a y-o-y increase of 31%
3. Fintech is still the king
4. About 179 startups raised $