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INTERNET | eCommerce / Marketplace
waystocap.com

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Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$3.12M

About WaystoCap

WaystoCap is a B2B marketplace that allows businesses in Africa to buy and sell products.

WaystoCap Headquarter Location

63 Boulevard Moulay Youssef 9th Floor

Casablanca, 20250,

Morocco

+212 522 205 107

Latest WaystoCap News

Deal-Street Africa [August 23- 27]: Nine Startups Funded; Four Major Acquisitions

Aug 30, 2021

Autotech Startup Odiggo Raises USD 2.2 Mn Seed round Odiggo, an auto-tech app based in Egypt and Dubai, secured USD 2.2 Mn in a Seed round led by Y Combinator, 500 Startups, and PlugAndPlay. The startup plans to use the newly acquired investment to expand its team and enhance its growth in the region, especially in the UAE, Saudi Arabia, and Egypt. Bus-Hailing Startup Swvl Acquires Mass Transit Platform Shotl Swvl, an Egyptian bus-hailing startup, purchased a majority stake in Shotl, a Spanish mass transportation network that partners with municipalities and enterprises to deliver on-demand bus and van services across Europe, Latin America, and Asia. Shotl will now be able to take advantage of Swvl’s unique technologies to increase route optimization and vehicle load while reducing traffic congestion. Investment Firm LeapFrog Acquires Stake In Fidelity Bank Ghana LeapFrog Investments, a Profit with a Purpose investment firm, acquired a 16.94% stake in one of Ghana’s largest privately-owned banks, Fidelity Bank Ghana Limited. LeapFrog has acquired the stake from Amethis, an investment fund manager dedicated to the African continent, and Edmond de Rothschild Equity Strategies (ERES), a mid-cap growth and buy-out franchise affiliated with Edmond de Rothschild Group, with a global investment mandate. Fintech Startup Opay Raises USD 400 Mn Funding Round Africa-focused fintech company OPay raised USD 400 Mn in new financing led by SoftBank Vision Fund 2. The round also included Sequoia Capital China, Redpoint China, Source Code Capital, Softbank Ventures Asia, DragonBall Capital, and 3W Capital. Kenyan Startup MarketForce Secures USD 100 K Funding Kenyan B2B retail startup, MarketForce, secured an additional USD 100 K in funding from the Harambeans Prosperity Fund to the USD 2 Mn pre-Series A round it announced last month. The Harambeans Prosperity Fund is a donor-advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations. Morocco’s Chari.ma Acquires Fintech App Karny.ma Chari.ma, a Moroccan B2B e-commerce platform, acquired Karny.ma, a Moroccan fintech app, to enable mobile payment transactions for its customers. The deal followed Chari.ma’s most recent fundraising round. Chari.ma hopes to use Karny.ma to acquire new users at a lower price. Mobility Startup Kai Senegal Secures Seed Investment YEEG SAS, a company that operates ride-hailing startup Kai Senegal, secured a seed investment from Mobility 54 Investment SAS, the corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO SAS. Through Mobility 54’s engagement, the Toyota Tsusho/CFAO collaboration seeks to aid local imaginative solutions to the many challenges that public transportation in West African countries encounters, such as low service quality, insecurity, and traffic congestion. Egypt’s MaxAB Secures USD 15 Mn Funding, Acquires Morocco’s WaystoCap MaxAB, an Egyptian retail-tech startup, acquired Moroccan counterpart WaystoCap as it plans to expand across the Maghreb area after raising an additional USD 15 Mn. The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region. MaxAB’s technology, enhanced end-to-end supply chain solutions, and business intelligence tools, and WaystoCap’s experience and skills will now benefit the retailers and suppliers supplied by both firms. Two African Fintech Startups Selected For Mastercard Start Path Program Karri Payments from South Africa and Kenya’s Kwara are among 11 fintech startups selected to join the Mastercard Start Path global network to scale innovation. The six-month Start Path program from Mastercard is designed to help the best and brightest entrepreneurs maximize their chances of success by learning from Mastercard experts and exploring co-innovation opportunities. South Africa’s Quro Medical Secures Investment From Life Healthcare Quro Medical, a healthcare startup based in Johannesburg that leverages technology to make healthcare more accessible and inexpensive, received undisclosed investment funding from Life Healthcare (LHC). This deal will help Quro Medical’s expansion plan as it can now move into other markets where LHC is present. LHC seeks to provide onsite and remote care to its patients, creating a hybrid healthcare model that will maintain relevance in local and worldwide markets. Pan-African Fintech Startup PawaPay Raises USD 9 Mn Seed Round PawaPay, an African fintech company, has raised USD 9 Mn in seed funding to expand its mobile money payment solutions team, scale operations, and enter new markets. The round was led by 88mph, a UK-based company that invests in web and mobile-centric technology solutions, and MSA Capital, a Chinese venture capital firm. Other investors include African venture capital firm Kepple Ventures, South African Vunani Capital, and Zagadat Capital. Micro-lender Letshego Secures USD 50 Mn Loan From IFC To Boost Affordable Housing In Namibia Pan African microlender Letshego received a USD 50 Mn loan from the International Finance Corporation (IFC) to boost affordable housing lending in Namibia with the potential to expand the partnership to other countries, including Kenya. According to the firm, the lender’s new loan will help it finance up to 4,000 home developers in Namibia.

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Expert Collections containing WaystoCap

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

WaystoCap is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

9,049 items

G

Grocery Retail Tech

300 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

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