Venture funding and rounds
Johannesburg’s Mission Mobile has secured up to R500 million from DN Invest to expand Beam-powered smartphone financing for prepaid and overlooked postpaid customers.
Tallinn-based Instarc raised €1.25 million, led by HFO Investments, to sell its cloud-native FICA/KYC compliance platform to South African accountable institutions.
Mamor Capital Ventures reached a R300 million first close for its debut fund, anchored by the PIC, targeting post-revenue South African tech businesses.
Verascient has closed an oversubscribed $1.2 million pre-seed round to build enterprise AI systems around the knowledge companies already have.