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.