African startups Mobiz, Busha, Salpha Energy, Hollydesk, Asilimia raise venture funding

 African startups Mobiz, Busha, Salpha Energy, Hollydesk, Asilimia raise venture funding

Mobiz, a South Africa- and US-based personalised mobile marketing startup, has secured $4 million in a pre-Series A round from investors including HAVAÍC, Futuregrowth and Launch Africa.

Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund also took part in the round.

Led by its founder Greg Chen, Mobiz provides a no-code tool to help marketers and small firms create and send text messaging campaigns to their clients without any marketing experience.

The firm is now rolling out its business in the US with a few hundred beta users. It aims to go back to raise fresh capital as part of a Series A round in the coming year.

Busha

Nigerian cryptocurrency marketplace Busha has raised seed funding of $4.2 million led by Jump Capital. Other investors who participated were Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital and Raba Capital.

Founded three years ago by Michael Adeyeri and Moyo Sodipo, the cryptocurrency exchange claims to have more than 200,000 users already.

Salpha Energy

Shell-funded impact investment company All On has invested $1 million in Salpha Energy Nigeria to grow the company’s solar home systems distribution business.

Salpha will use the money to increase its inventory and product range, expand sales channels and customer service infrastructure, and test more flexible pricing models to manage rural customers across Nigeria including in the Niger Delta.

Led by founder Sandra Chukwudozie, Salpha has an active distributor network of over 350 individuals, cooperatives and traders nationwide. It also has partnerships with payment collection enablers such as InfiBranches, Paga and Interswitch.

The deal is in addition to a $50,000 investment provided to Salpha as one of the winners of the USADF/All On Off Grid Energy Challenge in 2020. Salpha used those funds to pilot Pay-As-You-Go contracts for customers in the Niger Delta.

Hollydesk

Cairo-based fintech Hollydesk has closed a $325,000 pre-seed investment round from angel investor Faisal Abdel Salam and others. Founded in June this year by Mahmoud Moussa, Hollydesk allows SMEs to monitor and control their daily expenses and pay their employees through its mobile app.

It claims to have garnered more than 3,000 clients from companies in different sectors such as building, construction and delivery. It plans to use the funding to expand into other countries in the region.

Asilimia

Nairobi-based fintech startup Asilimia, which is building digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in East Africa.

The startup raised $1 million in pre-seed funding from Fredrik Jung Abbou, co-founder of unicorns Kry and Lendo; Norrsken Impact Accelerator and some prominent founders in Europe.

It also raised $1 million in a debt round that included Bpifrance and GreenTec Capital Partners.

The pre-seed funding will support team growth and business expansion while the debt funding will enable Asilimia to extend credit to MSMEs, providing much-needed financing to help them scale their businesses.

The startup formalises payments, revenue collection and accounting for business owners, making it easier to monitor their business activities in one place.

Asilimia was founded by Tekwane Mwendwa (CEO) and French entrepreneur Morgane Kablan. It was incubated in the Station F programme in Paris. It has also been through the Norrsken Impact Accelerator programme.

Vivek Sinha

The Capital Quest