Venture Capital - Africa Finance Review

Venture Capital

Africa’s First Fund Returners

Qui Capital, an early-stage investor in Africa, has achieved a rare feat by returning its $4 million inaugural fund to its limited partners after successfully selling some shares in Moniepoint, an African fintech unicorn. Why does this matter: In the global investment community, it is rare for first-time funds to

Finance

TymeBank Joins Exclusive African Unicorn Club with $250million Series D Funding

South Africa's Tyme Bank has achieved the coveted status of African Unicorn after raising $250 million in Series D funding, reaching a valuation of $1.5 billion. Why does this matter: Most of Africa's unicorns have emerged from the fintech sector, as these startups address the