Mauritius-based fintech startup Finclusion Group has secured funding from the Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa. Finclusion Group is an Africa-focused fintech platform building out a full neobank offering for its users. Last year, Finclusion Group recently secured US$20 million in a funding round with leading fintech debt financing provider Lendable, and itself invested in South African payroll software startup HelloHR. The company has now raised a further, undisclosed amount of funding from the Cairo Angels Syndicate Fund. “Finclusion Group is exceptionally pleased to have the Cairo Angels Syndicate Fund join its shareholder base.

Source: The North Africa Journal June 02, 2022 10:00 UTC