CDP Institute

Chilean startup Buk, which offers cloud-based software for companies to manage their human resources tasks comprehensively, announced a US$35 million round. The company, one of Chile’s most prestigious technology start-ups, said it will use the funds to accelerate its growth in Mexico and open a new market in Brazil. They currently operate in Chile, Mexico, Peru, and Colombia.  According to company figures, in 2022, they grew 2.5x in sales and now have 4,000 clients in the region.

Founded in 2019, Senegalese e-commerce startup Yoonema is an SEO-ready platform that gives sellers access to a secure webstore, easy payment options, marketing tools, and an established database of more than 1,000 customers. The platform has created a digital marketplace that offers a simplified and reliable e-commerce experience for global shoppers and merchants in emerging markets, with Africa as the primary target geography.

Africa’s largest e-commerce site Jumia has amended its terms and conditions after the regional watchdog, the COMESA (Common Markets for Eastern and Southern Africa) Competition Commission, compelled the marketplace to review clauses and disclaimers it found misleading or false.

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. According to the company, the new financing, comprised of equity, credit facility and debt, will rapidly scale its business and provide a million cars globally to people excluded from traditional car financing.