Xecced Ventures

Xecced Ventures to Invest $100 Million in African Startups

London-based venture capital firm Xecced Ventures plans to invest between $500,000 and $5 million in startups in the Industry 4.0 category through its $100 million Africa focused 4thIRiA I Fund. Industry 4.0 technologies include artificial intelligence (AI) and machine learning, cloud computing, the Internet of Things (IoT), Industrial Internet of […]

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Opera Opay

Opay: Opera’s Africa Fintech Startup Gains $120M from Chinese Investors

Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya, Ghana and South Africa — Opera’s  CFO Frode Jacobsen confirmed to TechCrunch. Series B investors […]

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Nigeria’s LifeBank Bank Wins $250,000 in Jack Ma’s Netpreneur Africa Prize

LifeBank, a Nigerian health technology start-up that supplies blood and other essential medical supplies to hospitals, received $250,000 after being named the winner of the first Africa Netpreneur Award. The prize is an initiative of Alibaba’s founder and former executive chairman, Jack Ma, and will provide $10 million to 100 […]

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