The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Africa Capitalworks announces education deal
Africa Capitalworks (ACW) has invested in Enko Education.
Founded in 2013, Enko Education is a platform of K-12 (primary and secondary) schools.
ACW’s investment was complemented by a follow-on investment from Adiwale Fund I, an existing shareholder in Enko Education since 2022, further enhancing the shareholders’ commitment to the company’s growth plan. Read the full article
2. Helios invests in SeamlessHR
SeamlessHR, a human resource technology company, has raised $9 million in its latest funding round from the Gates Foundation and Helios Digital Ventures.
The new investment will drive the HR-tech company’s plan to expand its reach across Africa, enhancing workforce productivity, and accelerating business performance through solutions such as embedded finance offerings, and AI-driven workforce management technology. Read the full article
3. BlueOrchard backs Naked’s $38m funding round
South African insurtech Naked has secured $38 million in a Series B2 funding round joined by global impact investor BlueOrchard, with increased support from existing backers Hollard, Yellowwoods, the International Finance Corporation (IFC), and Germany’s development finance institution DEG.
Launched in 2018 by actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked reimagined insurance through a fully digital platform that leverages artificial intelligence (AI) and automation to offer convenience and transparency. Its app enables customers to obtain final insurance quotes in under 90 seconds and buy cover online, submit claims, or pause accident coverage, all without the need for any phone calls. Read the full article
4. Kenya: Renew Capital invests in ‘stock-now, pay-later’ platform
Renew Capital has invested in Sevi, a fintech company, regulated by the Central Bank of Kenya, which addresses stock financing for wholesalers and retailers through its ‘stock-now, pay-later’ platform.
Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront. Read the full article
5. Climate Fund Managers announces new appointments
Climate Fund Managers (CFM) has announced the appointment of Alison Wood and Revant Gupta to its management board.
Wood joins as chief operating officer, bringing over 20 years of operational experience in financial services. She will oversee CFM’s global operations.
Gupta is the head of structuring and valuations. In his expanded role, Gupta will lead valuations, fund management, and strategic financial oversight. Read the full article
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