Bankly Closes $2million Seed Round
Bankly, a Nigerian FinTech specializing in serving some 47 million plus unbanked/underbanked Nigerians, has just closed a $2million seed round led by Vault. Rising Tide Africa, Vault, Plug and Play Ventures, and Chrysalis Capital all made investments in this round evoked by an alignment of interests to enable the financially underserved. Rising Tide Africa’s key investment focus is investing in early-stage start-ups that are primarily female-owned, female-led or with a gender diverse leadership and management team. Bankly ticked all those boxes, becoming Rising Tide Africa’s 14th investment and 3rd in the African fintech space. “We are delighted to support Tomilola …
OZE, Ghana-based Fintech Startup Raises $700k Seed Round From Investors, Including Rising Tide Africa.
OZÉ raises $700k seed round OZÉ, a Ghana-based fintech startup focused on helping African small businesses grow by digitalizing their operations and providing them with access to affordable capital, closed a $700k Seed Round last week. Rising Tide Africa joined other investors such as Anorak Ventures, Matuca Sarl and existing investors Ingressive Capital and MEST in the round. The fast-growing company will use the funding to grow its team, expand to Nigeria, and promote the newly launched iOS version of its business app. See the press release here. “We are delighted to support OZÉ as it pursues its expansion to Nigeria …
NOVEMBER 2020 DEAL DAY – CALL FOR PITCHES
Rising Tide Africa’s sixth Deal Day event comes up in November 2020. The Deal Day is an event where entrepreneurs are opportune to present their business to potential investors. In light of the above, we are currently open to receiving applications applications from businesses which are female-founded and female-led (gender diverse management teams) profering solutions which are tech enabled. The deadline for submissions of pitches is 9th of October, 2020. Please submit your presentations using this format as only pitches submitted in that format would be reviewed for the Deal Day. All submissions should be made to pitches@risingtideafrica.com. …
COVID-19, Remote Working and Talent Retention
The world of work as we know it is changing forever. As you read this article, it is quite likely that like many of us, you are working from home. While we must grit our teeth and go through COVID19, it’s also important to prepare for a post-COVID 19 world. The crisis has forced many organisations previously unwilling to formally accept working from home as normal business practice, to retrace their steps. I believe having now stepped into this new room, many will decide to spend quite a bit more time here, even after the crisis is over. Indeed, they …
Rising Tide Africa: The All-Female Angel Investors Group Focused on Building Entrepreneur Success Stories
Co-founder of Rising Tide Africa, Yemi Keri recently featured in the ForbesWomen section of the Forbes. She addressed the state of angel investing in Africa, the need for more female investors and the full objective of Rising Tide Africa. Formalizing the efforts of what she believes is an already existing culture of angel investing, will help ease the access of capital to entrepreneurs. “Culturally you are not termed an angel investor, but every so often you assist a family member or a friend. You give them money to start up something or to grow their business. It’s really done informally,” she stated. …
