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and fintech futureswe know that in this fast-paced industry, it can be easy to miss a funding announcement. If you miss it (ICYMI) A fundraising roundup to get the latest fundraising news.
Alex Jatra, Jakob Rost and Chiragh Kirpalani of Ayoconnect
Southeast Asia’s largest open financial platform Ayoconnect Raised $13 million In a Series B expansion led by SIG Venture Capital.
CE Innovation Capital and existing investor Fintech PayU, Prosus’ payments and fintech business, also participated in the round.
The new funding will be used to build the company’s leadership team and invest in product and technology development. Ayoconnect will also introduce new payment, data and banking solutions with new APIs for account opening and card issuance.
Ayoconnect raised its Series B funding in January of this year, led by Tiger Global.
Founded in 2016, Ayoconnect aims to promote financial inclusion in Indonesia, enabling business customers to launch new financial services “faster and cheaper” using a secure and regulated core infrastructure make it possible.
Fintech platform in Uganda Tugendeenables MSME credit and asset financing in East Africa. $10 million Pre-series B funding in progress.
The round was led by Partech and two new investors, including Women’s World Banking. Verdant Capital acted as Tugende’s financial advisor and arranger in connection with the raising of Tugende’s equity and debt capital.
The funding will strengthen Tugende’s balance sheet, facilitate portfolio growth and enable it to meet the ‘large’ credit needs of MSMEs.
Founded in 2012, Tugende is a digital lender specializing in asset finance and credit scoring. He of Uganda and Kenya claims to have helped more than 55,000 clients own income-generating assets, build credit profiles, and help them develop additional opportunities as their businesses grow. increase.
With over 900 employees, it aims to continue expanding its operations in Uganda and Kenya.
