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Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
UN

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Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA

– B2B e-commerce startup Capiter raised $33m in Series A funding.
– The round was co-led by Quona Capital and MSA Capital.
– Other participating investors include Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures.
– Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh.
– The company solves problems around reach and insights for suppliers and manufacturers.

Source
Addi Raises $140M in Series B Extension Funding
Addi Raises $140M in Series B Extension Funding
UN

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Addi Raises $140M in Series B Extension Funding

– Addi is a fintech and digital commerce startup based in Bogota, Colombia, and Sao Paulo, Brazil.
– Company raised $75m in extension Series B funding.
– The round was led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz, Citius VC, Endeavor Catalyst, Foundation Capital, Monashees, and Quona Capital. Union Square’s Opportunity Fund also participated in the round.
– The company will use the funds to continue to scale its current operations in Brazil and Colombia, expand into Mexico in early 2022, enhance its BNPL offering while allowing customers and merchants to pay in new ways through its platform and its app, which launches later this month.

Source
Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
UN

Unicorn Nest news

Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

– Sunday, an insurtech startup based in Bangkok, announced it has raised a $45m Series B.
– Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital.
– The company says the round was oversubscribed, and that it doubled its revenue growth in 2020.
– Founded in 2017, Sunday describes itself as a “full-stack” insurtech, which means it handles everything from underwriting to distribution of its policies.
– Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers.
– Sunday also offers subscription-based smartphone plans through partners.

Source
Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
UN

Unicorn Nest news

Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm

– São Paulo-based Kovi raised $104m in Series B funding.
– The round was led by Valor Capital Group and Prosus Ventures, and joined by Quona, Broadhaven Ventures, GFC, Monashees, UVC Investimentos, PIPO, Norte, Maya Capital and Globo Ventures.
– The company also recently closed on a $20m debt facility.
– It is not yet a unicorn, according to execs, who declined to reveal valuation.

Source
South African payments startup Yoco raises $83M Series C backed by Dragoneer
South African payments startup Yoco raises $83M Series C backed by Dragoneer
UN

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South African payments startup Yoco raises $83M Series C backed by Dragoneer

– Yoco, a South African fintech, raised $83m in Series C funding.
– The round was joined by investors Dragoneer Investment Group, Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures; and existing investors Partech, Velocity Capital Fintech Ventures, Orange Ventures and Quona Capital. Current and former executives from global tech companies such as Coinbase, Revolut, Spotify and Gojek took part as well.
– The company plans to scale offline and online offerings and expand to new markets.

Source
Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico
Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico
UN

Unicorn Nest news

Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico

– Klar, a leading digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services in Mexico, announced its Series B funding round, subject to applicable regulatory approvals, including clearance of the Mexican Banking and Securities Commission (CNBV) and the Mexican Economic Competition Commission (COFECE).
General Atlantic, a leading global growth equity firm, led the round with participation from existing investors Prosus Ventures, Quona Capital, Mouro Capital, International Finance Corporation and WTI.
– The funding will be used to strengthen Klar’s efforts to broaden access to consumer credit as Mexico’s transition to a digital economy accelerates through product and proprietary technology expansion.
– Founded in 2019, Klar’s vision is to become the primary financial services platform of its users by offering a full suite of products.

Source
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