Bumpa, a Nigerian startup building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round.
Brazil-based Credix has raised US$11.25 million in a Series A round led by Motive Partners & ParaFi Capital. Credix enables fintech companies and other non-bank lenders to convert their receivables and real assets into investment capital. All financing happens on-chain using USDC & smart contracts, creating instant efficiencies, settlement, and more transparency.
Despite raising $55 million Series A in 2021, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, has raised a pre-Series B fund of $40 million to continue growth due to the rising demand for food and groceries and fuel its expansion across the MENAP region.
With CDP vendors increasing their workforces by 3.4% in six months, compared with an average of 0.2% each six months over the prior two years, the sector seems to be growing again, according to our own semi-annual industry update. There is much talk of composable CDPs but they still employ no more than 5% of the sector workforce. What is a clear trend is the acquisition of independent CDPs by vendors interested in adding a CDP to a larger system (usually an activation system).