Quona Capital
Orda raises millions to digitize African restaurants with its cloud-based operating system
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of…
Quona Capital sinking $332M into startups focused on financial inclusion
Though finance technology startups are having a moment when it comes to decreased venture capital deals and layoffs, Quona Capital, a venture capital firm that invests in emerging markets that…
MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi
The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized…
Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable
In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in…
Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir
Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains highly fragmented as shop owners and…
India’s Arya raises $60 million to provide farmers with finance and post-harvest services
Indian agritech startup Arya, which reaches hundreds of thousands of farmers in the South Asian market and helps them store and sell their produce and secure credit, has raised $60…
Brazilian social commerce marketplace Facily quietly raises $366M in less than a year, now valued at $850M
Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. Most recently, Facily closed on a $250…
Verto picks up $10M for cross-border payments play in emerging markets
Verto, a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A…
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Today, Cairo-based B2B e-commerce startup Capiter continues that trend…
What does Brazil’s new receivables regulation mean for fintechs?
This the story of one regulator, the Brazilian Central Bank, and how it has taken center stage in creating a framework that will have far-reaching effects on merchants and fintechs…
Monkey, a financial marketplace for receivables in Latin America, has raised $6 million in Series A funding. Quona Capital and Kinea Ventures co-led the round. The São Paulo-based startup was…
Nigeria’s Cowrywise raises $3M pre-Series A to scale its wealth management platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation,…
Arya raises $21M to provide farmers in India finance and post-harvest services
Only about a third of the yields Indian farmers produce reaches the big markets. Those whose produce makes it there today are able to leverage post-harvest services. Everyone else is…
Brazil’s BizCapital raises $12 million for its online lending service
BizCapital, an online lender based in Brazil, has raised $12 million from a clutch of investors, including the German development finance institution, the corporate venture capital fund of MercadoLibre and…
5-month-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace
Five-month-old Indonesian startup Ula, which aims to help small retailers solve inefficiencies that they face in supply chain, inventory and working capital, said today it has raised $10.5 million in…
Sokowatch raises $14M to digitize Africa’s informal B2B supply-chain
Kenya based B2B e-commerce startup Sokowatch has raised $14 million in Series A funding toward its mission of revamping supply-chain markets for Africa’s informal retailers. From Nairobi, the company has…
Goldman Sachs leads $15M investment in Indian fintech startup ZestMoney
One of America’s largest banks has just poured in some money to help millions of Indians without a credit score secure loans and make purchases online for the first time…
Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX
Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank. This marks Tencent’s second round of investment in Ualá,…
African logistics startup Lori Systems raises Series A led by Chinese investors
African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based…
Indonesia’s Julo raises $10M to expand its P2P lending platform
Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has extended its $5 million Series A raise to $15 million as it looks to scale its business in…
Featured Article
A 23-year-old B2B company has shown how keen India is for tech IPOs
Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest online platform for selling products directly to businesses, raised nearly $70 million in a rare tech IPO for India this week.…
It’s not easy to raise growth-stage capital in Latin America, but it’s getting easier. As startups begin to flourish in the region’s largest markets, available funding is evolving to suit…
South African SME finance startup Lulalend raises $6.5M Series A
South African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses an online application process and…
Indonesia’s KoinWorks raises $12 million to grow its P2P SME lending platform
KoinWorks, an Indonesian startup that helps small and medium-sized businesses secure financial services through its online peer-to-peer platform, has raised $16.5 million SGD ($12 million USD) in a new funding…
India’s ZestMoney raises $20M to grow its digital lending service
Fintech is very much still hot in Asia. ZestMoney, a startup that helps consumers with no credit history get loans to buy online, announced today it has raised a $20…