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Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa

Pan-African venture capital firm Verod-Kepple Africa Partners has reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. The fund achieved its first close last March (at $20 million) and aims to attain its final close by the end 2023 at $100 million; if reached, VKAV will join an exiguous number of Africa-focused funds with $100 million or more in total capital allotment. The fund targets African startups and will invest in Series A and B startups with $1.5m to $3m checks.

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Fonbnk and Tanda team up to bring innovative DeFi applications to Africa

April 13, 2023

Kenyan web3 platform Fonbnk has partnered with Tanda to launch a first-of-its-kind airtime trading marketplace across Tanda’s network of 40,000 agents. Through the partnership, Tanda agents and vendors across East Africa can act as airtime ‘market makers’ and access new revenue streams by buying and selling prepaid airtime for profit on Fonbnk’s distributed exchange.

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Martech Spending Grows as Percentage of Marketing Budget: CMO Survey

April 26, 2024

Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.

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