Ghanaian startup PAL is an e-money payment infrastructure and liquidity provider acting as an off-ramp for global enterprises and African businesses wanting to innovate cost-effectively within the Francophone Africa market.
FinMaq’s unique approach focuses on providing funding for productive assets to individuals and SMEs in Colombia. Their primary mission is to promote financial inclusion and create a substantial social impact. They stand out for their efficiency; they can pre-approve and approve loans in under ten minutes and disburse funds in two days. By the end of the year, they plan to boost their team to 45 members, and by December, they aim to extend their services beyond Colombian borders, specifically targeting Chile and Peru.
Nigerian startup Renda is providing access to the end-to-end fulfillment infrastructure that enables e-commerce businesses and major brands to easily grow, scale and expand across Africa. Launched in January 2021 by co-founders Ope Onaboye and Bimbo Onaboye, Renda allows businesses to access on-demand flexible storage across Africa, track and manage their inventory across all locations, process large volumes of orders for same-day delivery, manage and track all deliveries in real-time, and also manage and reconcile cash collections.
CDP and marketing cloud vendor Zeta Global announced an agreement to purchase LiveIntent, which helps companies do email-based advertising. The deal will let Zeta expand its identity graph, enter the publisher monetization business, and accelerate its mobile and retail media products. Zeta will pay $77.5 million in cash and $172.5 million in common stock, with potential for additional payments based on performance.