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MYbank showcases digital solutions for SME financing at the Singapore Fintech Festival 2023

AsiaTechDaily

The showcased solutions included Tomtit for rural finance, Goose for supply chain finance, and Lark for automated credit line management. These solutions were specifically designed to assist SMEs in overcoming financing barriers and enhance the accessibility of financial services for MYbank’s 50 million SME clients.

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Fuel Me Raises $18 Million Series A Round

HPA

HPA is excited to announce our investment in Fuel Me ’s $18M Series A Round , which was co-led by Pritzker Group Venture Capital and Tribeca Venture Partners and includes co-investors Bessemer Venture Partners, Interplay Venture Capital, and FJ Labs. Fuel Me is a first-of-its-kind platform that revolutionizes fuel procurement and management.

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Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products

TechCrunch

Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 The investment, which, according to the company, was agreed on and structured in 2020, follows the $6.3 million raised in November 2020 and led by Toyota Tsusho investment fund Mobility 54. Image Credits: Tugende.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception. So, just how does it work?

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Singapore’s TC Ventures invests in German, French startups

AsiaTechDaily

Register Transport Capital , a globally-recognised investment management and advisory firm focused on the maritime and aviation industries, has launched its new venture capital arm named TC Ventures. Established in 2013, Transport Capital is an investment management and financial advisory company focused on maritime and aviation.

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South African car subscription service Planet42 raises $100M equity, debt

TechCrunch

Naspers, through its early-stage investment vehicle, Naspers Foundry , co-led the $15 million equity round (the SA-based investor also led Planet42’s previous $30 million round in late 2021) alongside ARS Holdings. Safe and reliable transport is a key driver of social and economic inclusion in emerging economies.

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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years.