INVESTING IN AFRICA'S FUTURE
We partner with visionary entrepreneurs building category-defining tech companies in Africa
Locally Designed, Globally Competitive
This blog summarizes Flutterwave’s successes in 2018, using eye-catching infographics. Successes included a 550% increase in the customer base of Flutterwave for Business (Rave) and completion of the Series A extension round of financing in October.
This list by Condé Nast includes greats like Sir David Attenborough, Elon Musk, and Massimo Bottura. It also features Cherae Robinson from Tastemakers Africa.
This piece by The Guardian reports that Great Place to Work named CRE portfolio company Andela as the Best Company to Work For in Africa (Large Employer Category). Andela also won Fun and Friendly Workplace and Best Workplace for Generation – Millennials.
In this 2018 watch list, the Wall Street Journal spotlights twenty-five emerging companies in the technology sector. CRE portfolio company Andela claims a spot among these noteworthy businesses.
Rensource, a distributed power provider, has just raised an additional US $3.5 million in funding. Among other uses, the new funds will help expand operations into Kano and Abuja and allow Rensource to launch its “Powered by Rensource” offering that enables businesses to leverage Rensource’s infrastructure with the goal of energy independence.
This press release from Mastercard announces a collaboration with CRE portfolio company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses by the end of 2017, while also educating these businesses on the benefits of going cashless.
In this post on Medium, CRE portfolio company Flutterwave welcomes its partner TransferWise to Nigeria and discusses how this partnership will enable customers in the UK and around the world to use their debit cards or online banking accounts (via the TransferWise website and mobile app) to send money to family and friends in Nigeria.
This article in Disrupt Africa provides an update on Yoco, who has just launched their free point of sale solution that integrates with their card readers and gives businesses a suite of tools to help them grow.
We are proud to have led Andela's Series C round, which raised $40 million and is one of the largest investments ever led by an African venture firm into an Africa-based technology company. We wish to thank DBL Partners, Amplo, Salesforce Ventures, and TLcom Capital for their participation in this round.
In a Refinery29 article titled "29 Powerful Women Reveal Their Success Secrets, Leadership Tips & The Awful Advice They Didn't Take," SweepSouth's co-founder, Aisha R. Pandor, reflects on her journey shaking up the domestic cleaning industry with technology.
San Fransicso-based Flutterwave, which provides infrastructure for banks and businesses to make and accept payments across Africa, has raised over $10 million in a Series A funding round. Greycroft Partners and Green Visor Capital led the round, with participation from Y Combinator and Glynn Capital. The company’s current investors include Omidyar Network, Social Capital, CRE Venture Capital, HOF Capital, and others.
The World Economic Forum selected six "entrepreneurs who demonstrate the positive role women are playing in creating opportunities and preparing the region for the Fourth Industrial Revolution." Among these leaders is Aisha Pandor of SweepSouth.
This video on BBC features CRE portfolio company SweepSouth, and how its service, which offers a new way of hiring and paying domestic workers, creates much-needed jobs in South Africa.
Lynk, a company that connects people to experts, just raised $4 million from Hong Leong, Cyberport, Zhuhai Da Heng Qin (DHQ), and CRE. Lynk plans to use these new funds to continue developing its technology and to increase market coverage.
CRE portfolio company PrepClass, which prepares students for exams by connecting them to tutors, has been selected for the GSMA Ecosystem Accelerator Innovation Fund. The fund provides grant funding, technical assistance, and the opportunity to partner with mobile operators to scale into sustainable, impactful businesses.
US-based Quona Capital's and Netherlands-based Velocity Capital's recent investments will help Yoco expand beyond South Africa, the latest step toward the company's goal of becoming the leading SME brand in Africa.
CRE's New York-based portfolio company, Hummingbill, was recently acquired by Sequoia-backed KredX to help it enhance its accounts receivable technology.
Fast Company has been ranking the world's most innovative companies for 10 years, sifting through thousands of enterprises to find those that tap heart- and purse strings and use commerce to positively impact the world. For 2017, CRE portfolio company Andela was listed number one for Africa.
In a city like New York, there is a lot to watch. If startups are your game, Built in NYC thinks you should be watching CRE portfolio company Andela. Built in NYC's watch list features fifty startups, all with some connection to NYC.
This article in Entrepreneur includes Iyin Aboyeji as one of eleven incredible entrepreneurs changing the business landscape in Africa. Iyin is a co-founder of Andela and is now at the helm of Flutterwave—both CRE portfolio companies.
The U.S. Department of State’s Bureau of Economic and Business Affairs awarded six companies the 2016 Secretary of State’s Award for Corporate Excellence (ACE). This award recognizes U.S. companies representing American values in their business practices while contributing to the growth and sustainable development of the local economies in which they work. CRE portfolio company Andela took home the award for Corporate Excellence in Small or Medium Enterprise.
Pule is a Founding Partner at CRE Venture Capital. He previously founded Africa Angels Network, the first angel investment group to focus on Sub-Saharan Africa. Prior to that, he held several investment roles at Investec in Johannesburg, Cape Town and New York. He is graduate of the Durban University of Technology and is a Kauffman Fellow.
Pardon is a Founding Partner at CRE Venture Capital. He was previously a Principal at EL Rothschild in New York and London. Earlier on, he worked at Bain & Company in New York, at Emerging Capital Partners in Johannesburg, and at Temasek Holdings in Singapore. He is a graduate of Princeton University and the Wharton School of Business.