The USA-based enterprise capital (VC) agency, QED Traders, lately led an funding spherical that raised greater than $50 million for the Nigerian fintech Teamapt. The funding, in addition to the VC agency’s hiring of personnel tasked with spearheading its investments in Africa, appear to level to QED Traders’ newfound dedication in direction of the continent.
Teamapt’s Pre-Collection C
The fintech-focused enterprise capital agency, QED Traders, lately grew to become an investor in a Nigerian firm, Teamapt, a startup that specializes in offering funds and banking platforms. Based on a Techcrunch report, QED led an funding spherical that reportedly raised greater than $50 million for Teamapt.
Apart from QED Traders, the opposite members in the funding spherical — which the Techcrunch report has referred to as pre-Collection C — had been Novastar Ventures, Lightrock, and BII. The three all grew to become traders in the fintech agency after they participated in Teamapt’s Collection B spherical.
In the meantime, in his response to assertions the market downturn had disturbed his firm’s fundraising plans, Teamapt’s Tosin Eniolorunda reportedly stated:
We all the time strategy our fundraising effort opportunistically and need to be sure the market context, money wants of the enterprise and investor profile match our strategic development views. Given the overarching cautious market setting, we weren’t in lively fundraising mode. As a worthwhile firm, we didn’t want the money, however we had been completely happy to take a possibility so as to add a brand new high-profile investor.
For QED Traders, which reportedly has invested in 180+ plus corporations, the funding in Africa is the ultimate piece of the puzzle for a corporation that’s looking for to change into a “world fintech-specialist VC agency.”
To underline the US-based VC agency’s dedication to Africa, the report notes that QED Traders has already employed Gbenga Ajayi and Chidinma Iwueke to spearhead its investments on the continent.
Register your e-mail right here to get a weekly replace on African information despatched to your inbox:
What are your ideas on this story? Tell us what you suppose in the feedback part under.
Earlier article
Crypto Alternate BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence
Extra Standard Information
In Case You Missed It
Oman to Incorporate Actual Property Tokenization in Digital Belongings Regulatory Framework
Actual property tokenization is ready to be integrated into Oman Capital Markets Authority (OCMA)’s digital asset regulatory framework. Based on an advisor with the authority, the tokenizing of actual property will open funding alternatives for native and international traders. Actual … learn extra.
Invoice ‘On Digital Forex’ Caps Crypto Investments for Russians, Opens Door for Funds
Curiosity in Actual Property Investments in Spain Grew 400%, With Some Utilizing Crypto and Shares as Fee Methodology
Digital Ruble ‘A lot Wanted,’ Russia’s Central Financial institution Says, Received’t Delay Testing
Ethereum Basis’s Monetary Report Discloses It Holds $1.6 Billion in Belongings, 80.5% Held in Ether
