The Daily Brief: Cairo-based Fakahany raises $700k, and more

Cairo-based Fakahany has announced the raising of a series seed while in South Africa, FinChatBot secured funding from investment from Kalon, Compass. That and more in today's brief.

MTN Uganda announces $250k startup fund, Open Mobile Money API

The telecom is the first in Uganda and the MTN Group to open up its Mobile Money APIs to developers. As a gesture of more support, they are looking to work with several hubs across Uganda to facilitate the training of over 100 developers. The company also launched a $250,000 startup fund as well as an $85,000 partnership with the Innovation Village. Digest Africa.

SA’s FinChatBot secures investment from Kalon, Compass

South African financial services chatbot provider FinChatBot has secured funding from local venture capital firm Kalon Venture Partners and the Mauritius-based Compass Capital. The aim is to continue with its rapid growth and expand its client pipeline. Disrupt Africa.

Cairo-based Fakahany raises $700,000 Series Seed

The round was led by Endure Capital and joined by some angel investors. Founded last year by Waleed Khalil, who happens to be a partner with Endure Capital, and Ahmed Attia, Fakahany allows users in Cairo and Giza governorates to order fresh fruits and vegetables through its online platform or mobile apps for iOS and Android. MENAbytes.

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