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Fundraising News 02:55 pm Maviance PLC (www.smobilpay.cm), a Cameroon-based fintech, announced today that it has closed its Seed investment round of USD 3 million from the pan-African digital payments hub MFS Africa, which comes on board as a strategic investor. Maviance will use the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC). Maviance chose MFS Africa as an investor to leverage on its pan-African infrastructure and its vast product offering and partnerships to deliver new digital financial products in the CEMAC region. In Cameroon, micro, small and medium-sized enterprises (MSMEs) employ over 90% of the workforce and contribute around 36% of GDP. However, many MSMEs lack access to digital financial services to grow their businesses. Maviance, which serves over 500,000 unique customers a month, has connected key service providers, payment providers, financial in ....