Weekly Digest 4

25 Aug 2021

A collection of news across the African private equity and venture capital industry |

OPay raises US$400mn in a funding round led by SoftBank

Chinese-backed and Africa-focused fintech company OPay raised US$400mn in new financing led by SoftBank Vision Fund 2, valuing the company at US$2bn.

Source: TechCrunch

BlueOrchard’s Covid-19 support fund reaches second close at over US$200mn

BlueOrchard Finance Ltd (BlueOrchard), a leading impact investment manager and member of the Schroders Group, is pleased to announce the second closing of the “BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund”, welcoming new public and private investors, including CDC Group and FSD Africa.

Source: BlueOrchard

Egyptian B2B e-commerce platform, MaxAB, raises an additional US$15mn and acquires Morocco-based WaystoCap

The additional funding comes from existing investors — RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, Beco Capital and 4DX Ventures — bringing the startup's total Series A fundraise to US$55mn.

Source: TechCrunch

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