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FMO announces $10 million commitment to Algebra Fund II

FMO announces $10 million commitment to Algebra Fund II
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Inclusive Fintech 50 ruft Wettbewerb 2021 aus, mit dem Fintech-Unternehmen in der Frühphase ausgezeichnet werden, die in einem Zeitalter der Ungewissheit Innovationen voranbringen

Inclusive Fintech 50 ruft Wettbewerb 2021 aus, mit dem Fintech-Unternehmen in der Frühphase ausgezeichnet werden, die in einem Zeitalter der Ungewissheit Innovationen voranbringen
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Redirecting to Inclusive Fintech 50 launches 2021 competition to recognize early-stage fintechs driving innovation in an era of uncertainty

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Inclusive Fintech 50 launches 2021 competition to recognize early-stage fintechs driving innovation in an era of uncertainty

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Sawari Ventures and Algebra Ventures stake $150m on North African startups

Alexander O. Onukwue
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One billion Egyptian pounds. That is how much Sawari Ventures raised for its Egypt-based fund. The fund has plans to ramp up investments in startups across the North Africa region.
Depending on the prevailing conversion rate, Sawari’s raise is at least $63 million or up to $71 million. Either way, it is a giant leap for the fund launched in 2018 as the Sawari Ventures Fund I.
Investors in the fund include the CDC Group (which committed $12 million), European Investment Bank, Proparco, and the Dutch Good Growth Fund.
The fund’s newer investors include Egyptian banks like the National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal Bank. Misr Insurance Group, based in Cairo, and Kuwaiti company Ekuity are also in the mix. ....

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