LoftyInc Capital
Tofino Capital reaches first close of $10M fund to back startups in frontier markets
Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million…
MoneyHash gets $3M to build a super-API for payment operations in Africa, Mideast
Large merchants, particularly those that operate in more than one geography, have to support an array of payments methods. Each payment integration requires in-house technical work and the remodeling of…
Nigerian restaurant management platform Orda gets $1.1M, wants to be the Toast of Africa
Cloud-based point of sales for small, medium and large-sized restaurants has increased tremendously in both size and popularity. The market, dominated by incumbents like Toast and upcoming players such as…
Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M pre-Series A
A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. Much of this spending falls…
Featured Article
African tech took center stage in 2021
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first…
LoftyInc Capital launches third fund at $10M for a more diverse portfolio of African startups
LoftyInc Capital, a pan-African VC firm, announced today that it is launching its third fund — LoftyInc Afropreneurs Fund 3 — at $10 million for tech startups in Africa. The…
