News #Norrsken22

Kenyan electric mobility company Arc Ride has raised $33.3m in a funding round led by Novastar Ventures and Norrsken22, capital it will use to expand its battery-swapping network across sub-Saharan Africa and enter the South African market.

A Launch Base Africa analysis of more than 120 disclosed equity funding rounds shows that the International Finance Corporation (IFC), France’s Proparco, and Morocco’s Azur Innovation Fund emerged as the most active equity investors

South African fintech startup Orca has raised a $2.35 million seed round to expand its fraud-prevention platform for payment systems in emerging markets.