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.