Regional private equity firm Africa Capital Alliance (ACA), through its Capital Alliance Private Equity IV (CAPE IV) fund, has invested $20 million in Accelerex. With this investment, CAPE IV will become a strategic partner in Accelerex and will hold three seats on the company’s board.

Accelerex, which is the parent company of African fintech powerhouse, Global Accelerex Limited, was set up for investment into digital financial technology companies across Africa.

Global Accele...