Jahazii, a fintech startup, has successfully closed a $400,000 pre-seed funding round, comprising equity, debt, and grant financing. This investment will enable the company to develop Africa's workforce operating system, integrating HR, payroll, and embedded financial services to promote financial inclusion across the continent.

• The $400,000 funding round was supported by Antler East Africa, DEG Impulse, Jozi Angels, Innovest Afrika, and various angel investors.
• Jahazii aims to address the challenges faced by Sub-Saharan Africa's large informal workforce and employers struggling with manual payroll and compliance issues.
• The platform offers employees real-time access to earned wages, savings, and insurance by integrating financial tools directly into payroll systems, thus offering a responsible alternative to high-interest loan apps.

Kuunda, a B2B fintech startup, has successfully closed a $7.5 million pre-Series A funding round to significantly expand its financial inclusion initiatives across Africa and the MENA region.

• The funding round was led by Portugal Gateway Fund, with participation from Seedstars Africa Ventures, 4Di Capital, Accion Ventures, Nedbank, and E4E Africa.
• Since 2024, Kuunda has expanded operations from Tanzania and Pakistan into Uganda, Malawi, Kenya, and Mozambique.
• The company's "Lending-as-a-Service" technology has enabled banks to disburse over US$100 million in credit to more than 2 million customers monthly, totaling over $3 billion in loans facilitated to date.
• Andrew Milne, co-founder and co-CEO at Kuunda, emphasized that the funding will enable team to extend their reach into new markets.
• Kuunda leverages billions of transactional data points to provide behaviorally driven credit scoring, enabling financial institutions to lend sustainably and profitably.

Triply has partnered with Verto to offer seamless cross-border payment solutions for Africa’s travel sector, aiming to streamline financial operations for small and medium-sized enterprises (SMEs).

• The collaboration addresses financial friction, including delays in international payments and unpredictable exchange rates, for Africa's travel and tourism industry, valued at over $300 billion.
• Through Verto’s Atlas API, Triply users will gain access to global virtual accounts in over 25 currencies (including USD, GBP, and EUR), same-day international and local settlements, and competitive FX rates.
• CEO of Triply, Peter Wachira, stated that Verto’s expertise allows them to overcome payment complexities and empower travel businesses.