CDP Institute

Mimin, the Indonesian platform enabler revolutionizing customer service through artificial intelligence (AI)-driven chat, has announced its expansion into Malaysia and Singapore. Recognizing the widespread reliance on messaging applications, especially WhatsApp, for various business activities in these neighboring countries, Mimin has rapidly gained traction, the firm said in recent statement.

One of the most recent innovations in the Mexican fintech industry comes from Axify, a startup introducing a “buy now, pay later” model, a formula revolutionizing the world of digital payments. Axify’s main appeal is its prepaid system that allows users to purchase goods or services now and pay for them in installments, without accumulating debt or worrying about high interest rates. To date, the Axify platform has integrated with a network of 44,000 convenience stores in Mexico.

The Brazilian startup Vaas, dedicated to developing technologies against financial fraud, raised BRL$10 million (~USD$2 million) in a pre-seed round led by ABSeed. The startup, still in a proof-of-concept phase with significant companies, plans to launch its blockchain transaction tracking platform next month. The solution will track transactions through Pix, but the plan is to develop anti-fraud tools for this type of payment, which has been a primary target of scammers.

Almouneer, an Egyptian health tech company on a mission to revolutionize healthcare for individuals grappling with diabetes and obesity, has secured USD$3.6 million in funding. Dubai-based Global Ventures led the seed round. Other international investors, including Proparco and Digital Africa via the Bridge Fund, Wrightwood Investments — the family office of Diane & Henry Engelhardt from the U.K. and other prominent international funds participated.

BluePeak Private Capital, an alternative asset manager firm supporting the growth of scalable businesses in Africa through privately-negotiated and structured debt-like instruments, has reached a final close of USD$156 million for its inaugural private capital fund, BluePeak Private Capital Fund SCSp. With a presence in Tunis, Nairobi, and London, BluePeak Private Capital is an alternative asset management firm established in 2019.

South African startup SpekTech is utilising technologies such as e-commerce, artificial intelligence (AI) and remote sensing to help scale land restoration and climate impact initiatives. Founded by Ephraim Moss and Michalya Schonwald Moss in 2022, SpekTech wants to do its bit to address the climate crisis from Africa, and overcome challenges such as funding gaps, limited climate data, ineffective reporting and verification mechanisms and smallholder inclusion in the climate impact market.