- Tanzanian fintech company NALA raises $40 million to expand B2B payments platform
- Israeli cybertech Cytactic raises $16 million to expand business and development efforts.
- Israeli medical technology company Endron Medical secures $10 million to accelerate clinical validation of flagship product
- African Teltech Nhlan Wireless Secures $5 Million to Strengthen Site Operations in Cameroon and Democratic Republic of Congo
- UAE-based agritech company Maalexi secures $1 million to accelerate growth plans and strengthen business capabilities
Tanzanian fintech company NALA raises $40 million to expand B2B payments platform
- Tanzanian fintech company NALA has raised $40 million in a Series A round led by Acrew Capital. Other participating investors include DST Global, Norrsken22 and HOF Capital.
- Founded in 2017, the remittance startup enables customers in the European Union, UK and US to send money to 249 banks and 26 mobile money services across 11 African markets, including Nigeria, Tanzania, Kenya and Rwanda.
- NALA will use the new funding to expand beyond remittances and reach beyond Africa to build a stronger payments ecosystem and strengthen infrastructure to make reliable, low-cost payments available to all.
Israeli cybertech firm Cytactic raises $16M to expand business and development activities
- Israeli cybertech company Cytactic has raised $16 million in a seed round led by Evolution Equity Partners, an investment firm focused on investing in the cybersecurity market.
- Founded in 2022, the market-leading SaaS platform is a holistic, intuitive, innovation-driven solution that unifies crisis preparation, response and recovery for diverse business profiles and risk environments.
- The startup also enables organizations to address growing threats to their business in the event of a cyber crisis with a simplified, organized, step-by-step methodology that involves all relevant stakeholders and roles.
- Cytactic will use the new funding to expand its business and development activities.
