Founded in 2021 by Alex Forsyth Thompson, Float is a payment method that encourages responsible credit card usage and, at the same time, helps merchants to grow their sales. The startup’s proprietary technology lets shoppers buy now and split their payments over up to 24 interest-free, fee-free monthly instalments using the available limit on their existing Visa or Mastercard credit card. Float aligns with Standard Bank’s strategy of driving sustainable growth and supporting fintech businesses which promote financial inclusion and digital transformation across Africa. 

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Founded in 2017 by Mounir Nakhla, MNT-Halan offers a diverse portfolio of financial and non-financial services ranging from lending, buy now pay later, e-commerce, payments, and mobility to on-demand logistics. On the other hand, Advans is a public limited company active in Pakistan’s microfinance banking landscape. Advans Pakistan is the Pakistan branch of Advans Group, a leading international microfinance group that operates in nine developing countries.

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Moove embeds its alternative credit-scoring technology onto ride-hailing and e-logistics platforms, allowing mobility entrepreneurs access to proprietary performance and revenue analytics to underwrite loans. Its model is to provide loans to its customers by selling them new vehicles and financing up to 95 percent of the purchase within five days of signing up. The company operates in 13 cities across six markets, including Nigeria, South Africa, Ghana, the U.K., India and the UAE. The company says it plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.

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mTek, which offers a seamless and convenient avenue to access insurance products through its innovative platform connecting the overall insurance ecosystem, is leveraging technology to enhance transparency and efficiency to unlock insurance for everybody and increase insurance penetration in Africa.

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Zone has developed a layer-one bockchain network that digitises fiat payments and enables the transition to digital currencies while connecting previously excluded financial institutions into an all-inclusive payment ecosystem. Zone’s blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers. 

The infusion of capital will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies. A significant portion of the proceeds will also be allocated to conducting a comprehensive pilot programme to test the company’s cross-border capabilities, scheduled for 2025. 

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ORA Technologies is committed to democratizing access to e-commerce and digital payment solutions for customers, vendors, and service providers across Morocco. The startup’s app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet.

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Founded in 2023 by Ayman Ragab, 30Med aims to bridge the gap between pharmaceutical companies and physicians by providing interactive videos and conference events that showcase new medicines and facilitate ongoing learning. The platform boasts a substantial user base, comprising doctors who are eager to stay informed and engaged with the latest advancements in medicine and pharmaceuticals. 

The post Egyptian Healthtech 30Med Secures Pre-Seed Round appeared first on WeeTracker.

Founded in 2018 by Gbenga Odegbami, Youverify facilitates the automation of Know Your Customer (KYC) and other compliance procedures for African banks and startups, combining KYC and compliance products like transaction monitoring to address issues like anti-money laundering (AML) and fraud. Youverify’s approach entails utilizing established mathematical models and AI algorithms to assess and analyze risks. Subsequently, the platform generates regulatory reports for submission to regulators across multiple countries.

The post Nigerian ID Verification Startup Youverify Raises USD 2.5 M Pre-Series A Round appeared first on WeeTracker.