DealMakers AFRICA
Egyptian fintech MNT-Halan has acquired Tam Finans in Turkey from Actera Group and the European Bank for Reconstruction and Development. Tam Finans is a commercial finance company with a loan booking exceeding US$300 million. Financial terms were not disclosed.
Sweden’s development finance institution, Swedfund, has invested US$10 million in the Inside Equity Fund II which looks to support SMEs in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.
Silicon Badia and Hub 71 have led a US$2 million investment in Egyptian AI startup, Synapse Analytics. The funding will be used to expand the company’s AI technologies across the Gulf Co-Operation Council (GCC) and Africa.
Cartona, an Egyptian B2B e-commerce platform, has raised US$8,1 million in a Series A extension round led by Algebra Ventures and including existing investors Silicon Badia and the SANAD Fund for MSME. Cartona connects small retailers, FMCG producers, wholesalers and distributors on its platform.
Intron Health, a Nigerian clinical speech-recognition startup, has raised US$1,6 million in pre-seed funding. The round was led by Microtraction, and included Plug and Play Tech Center, Jaza Rift, Octopus Ventures, Africa Health Ventures, OpenSeedVC, Pi Campus, Alumni and Angels, BakerBridge Capital, Google, ClEAR, NYU, and Optum. The funding will be used for its AI technology, with a focus on perfecting noise cancellation and handling multi-speaker conversations.
Egyptian edtech, Educatly, has announced a funding round of US$2,5 million led by TLcom Capital and Plus VC. The round also included Egypt Venture and the HBAN syndicate.
DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com
