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Egyptian SaaS e-commerce startup Awfar raises 6-figure funding to expand in Saudi Arabia

Egyptian SaaS e-commerce startup Awfar has secured six-figure US dollar funding from Saudi Arabia-based venture studio, Value Maker Studio (VMS) to expand its presence in the latter country. Founded in 2020, Awfar offers fully integrated technology solutions for retail businesses, including cloud-based offerings, point of sale (POS), commercial and operational reporting, and delivery management solutions. It operates as a one-stop shop for retailers looking to enhance customer engagement and sales operations.

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CondoConta, Brazilian Fintech, secures US$14.6M in Series A

November 16, 2023

CondoConta, the Brazilian fintech specializing in banking services for condominiums, has announced the raising of approximately US$14.6 million in its Series A funding round. This capital will enable CondoConta to triple the opening of new accounts, thanks to integrating native interfaces with major condominium management systems (ERPs) and administrators in Brazil. CondoConta offers financial services, including checking accounts, credit cards, loans, financing, and delinquency management.

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SA insurtech startup Pineapple secures US$21.3M Series B

November 16, 2023

South African insurtech startup Pineapple has raised ZAR400 million (US$21.3 million) in Series B funding to boost its growth. The round was led by new investors Futuregrowth, Talent10, and MIC. Existing investors, including Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa, also participated. Pineapple’s innovative approach and robust growth, coupled with sustainable claims ratios surpassing industry standards, attracted investor support.

CDPI Emerging Markets