VALR.com raises $50m in Africa’s largest crypto raise

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50-million (over R750-million) in Africa’s largest ever crypto funding round. This values the company at $240-million (R3,7-billion). VALR’s oversubscribed Series B equity...

Lenovo delivers record quarter

Lenovo Group has announced historic highs for both profit and revenue, reporting its first $20-billion quarter. Lenovo’s performance delivered significant year-on-year improvements. Net income grew at a rate of over 50% for the sixth consecutive quarter, with Q3...

Clickatell secures $91m in Series C funding

Clickatell has secured $91-million in its Series C round. This round was led by Arrowroot Capital, with participation from Kennedy Lewis Investment Management, Endeavor Global and Harvest. Clickatell, which has delivered double-digit profitable growth for several...

Investment boosts digital start-up PayJustNow

Cape Town-based start-up PayJustNow has announced a significant investment by a major fintech player that will drive its ongoing growth in the booming buy now, pay later (BNPL) space. Established in 2019, PayJustNow has shown significant customer and merchant growth,...

Salesforce opens legal entity in SA

Salesforce has pushed forward with expansion plans in South Africa by establishing its first legal entity in the country. The company has also announced the appointment of its first two South African leaders: Zuko Mdwaba as head of sales and Linda Saunders as head of...

Jumo appoints Nichola Pease as chair

Jumo has announced the appointment of Nichola Pease as non-executive chair. Pease, non-executive chair of Jupiter Fund Management, the FTSE 250 asset manager, also chairs the Nomination Committee and attends the Remuneration Committee. She was formerly an independent...