News

South African VC Knife Capital closes US$50M Series B fund for startups with high exit potential

South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.

More News

Next Article

Albo, the Mexican neobank, acquires delt.ai for USD $20M, strengthening Its offer for consumers and SMEs

August 10, 2023

Albo, the neobank in Mexico, has confirmed the purchase of the fintech company delt.ai, specializing in financial services for small and medium-sized enterprises (SMEs), for $20 million. With this strategic acquisition, albo strengthened its position in the Mexican financial sector, becoming the only neobank to offer debit and credit products for consumers and SMEs. Delt.ai, a firm with experience in Mexico, has conducted over 130,000 transactions, granting over USD $90 million in loans and credit lines.

CDPI Emerging Markets
Previous Article

Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint

August 10, 2023

Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitising the pharmaceutical supply chain, has acquired Alexandria-based online pharmacy Auto-Cure to expand its footprint in the country. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.

CDPI Emerging Markets