African firms Bosta, Spleet and Guichet get early cheques; Yoco strikes M&A

 African firms Bosta, Spleet and Guichet get early cheques; Yoco strikes M&A

Nigerian proptech venture Spleet has secured $625,000 in an oversubscribed pre-seed round led by MetaProp VC.

Other investors who took part in the round include Future Africa, FEDHA Capital, VFD Group, Moonshot VC, HoaQ, Squarefoot CEO Jonathan Wassersturm and Flutterwave CEO Olugbenga ‘GB’ Agboola.

Founded by Tola Adesanmi in 2018, Spleet enables property owners to rent to vetted individuals, while simultaneously helping tenants to find places to stay.

The funding will be used to build Spleet’s rent financing product, Rent-Now-Pay-Later, which is currently in beta testing stage.

Guichet

Moroccan digital ticketing startup Guichet has raised MAD3 million ($310,000) in equity financing from the 212 Founders program via CDG Invest, CDG Group’s investment arm.

Guichet’s platform provides partners with an autonomous administration and control environment that includes real-time ticketing monitoring.

Founded and led by Ahmed Tawfik Moulnakhla, Guichet claims it has thousands of users. It also says it has hosted over 1,000 events and shows in partnership with partners such as Festival Mawazine, Festival de Marrakech du Rire, Festival de Fes des Musiques Sacrees du Monde and Oasis Festival.

Bosta

Bosta, a five-year-old ecommerce logistics startup in Egypt that raised $6.7 million in Series A funding last year, has raised an undisclosed amount in a pre-Series B funding round.

The company secured the capital from regional and international investors led by Khwarizmi Ventures, along with other current investors in addition to Hassan Allam Holding.

Last year, it had raised money from venture capital fund Silicon Badia, 4DX, Plug and Play Ventures, Wealthwell VC and Khwarizmi VC from Saudi Arabia among others.

Founded by Mohamed Ezzat and Ahmed Gaber, Bosta is a tech-enabled last-mile logistics company that specializes in services for ecommerce companies. Currently operating in Cairo, the company claims to be the biggest ecommerce delivery service in the country and will soon extend its operations to the Middle East and rest of Africa.

Bosta has just announced the opening of its first office in Riyadh.

Yoco

Cape Town-based fintech startup Yoco, which nabbed $83 million in Series C from Dragoneer and others, has acquired fintech and Web3 software development agency Nona Digital for an undisclosed amount.

Yoco was founded in 2015 by CEO Katlego Maphai, chief business officer Carl Wazen, chief technology officer Lungisa Matshoba and finance chief Bradley Wattrus.

The venture has three products. Its core product is a point-of-sales (PoS) system with card readers. It also offers online payment solutions including a payment gateway and merchant apps to help them manage and track sales, as also a lending solution.

It had raised a Series B round of $16 million in September 2018. That round was led by Partech with participation from Orange Digital Ventures and Dutch investor FMO. Its Series A investors Quona Capital and Velocity Capital had also contributed in the Series B round.

Vivek Sinha

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