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Trella exits Pakistan
EFG Hermes, IDH, Careem and Swvl have all closed their doors in Pakistan amid the country’s economic crisis
Swvl CFO Youssef Salem resigns + Mohamed Ayad appointed chairman at Prime Holding
Abdullah Mansour appointed interim CFO at Swvl
New investment offers could throw Swvl a lifeline after delisting warnings
The company has lost more than 99% of its value
Acasia Ventures invests in Nigerian delivery startup
This is Acasia’s second investment this month
Edtech platform Almentor raises USD 10 mn in pre-series C round. PLUS: Acasia Ventures invests in Credable.
The money will be used to launch in Saudi Arabia and build out its B2C segment
With equity fundraising flowing to a crawl, are more mature startups eyeing securitized bonds?
Blnk and MNT-Halan recently raised capital by securitizing parts of their loan books.
Flat6Labs launches USD 95 mn Africa-wide seed fund
The fund will onboard two cohorts of 10-15 startups annually
Local startups are starting to get their deposits from SVB
Scores of Egyptian startups have money tied up with the bank
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