Ethiopian Fintech Startup Arifpay to Raise 160 Million Birr in Second Funding Round
Ethiopian fintech startup Arifpay is raising 160 million birr (2.8 million dollars) in what marks the company’s second round of funding. Shareholders of Arifpay Financial Technologies unanimously passed the resolution last week, aiming to bring the startup’s capital to 300 million birr. Arifpay initially raised 140 million birr in its first round of funding in […]
Ethiopian Software Development firm Addis Software Secures Investment from Japanese VC, ICJ
a software development company focusing on custom software solutions, mobile apps, and web development, has announced a capital investment from Inclusion Japan, a Tokiyo based Venture Capital firm, promoting social impact investments. The investment structure primarily involves equity/share-based early-stage investment, indicating that Inclusion Japan sees significant value in the company. According to Abenezer Yakob CEO […]