M-KOPA snaps up $250M+ debt, equity for its asset financing platform

M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured more than $250 million in new funding. The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong fundamentals and solid performance for any growth-stage company in this venture capital’s current contraction.

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Nigeria’s fitted is using machine learning to make the tailoring industry more efficient

May 18, 2023

Nigerian startup fitted has developed a digital platform that uses machine learning to eliminate inefficiencies in the custom tailoring industry. With its proprietary AI tool, the startup auto-generates and stores customer measurements, cutting down measurement time by around 90 per cent. Its cloud-based platform allows tailors to process and track orders, accept payments globally, connect to suppliers, and engage directly with their customers.

CDPI Emerging Markets