This archive report was first published on 22 August 2020.
Published on August 22nd, 2020, the Weekly Deals Digest highlights the top deals in Africa and emerging markets for the week of August 12th-18th.
Kenya's HR and Payroll startup WorkPay made headlines by raising $2.1 million in seed funding to accelerate its growth across Africa. The cloud-based human resources management and payroll solution for small and medium-sized businesses currently processes payrolls for over 25,000 employees in Kenya.
Another Kenyan startup, MarketForce360, joined Y Combinator and raised $150,000 in funding. The company aims to help consumer brands optimize their delivery of goods and services to customers and retailers. This is their second fund raise this year, having raised an earlier $350,000 in May.
Tanzania's online grocery platform Kilimo Fresh rounded out the East African deals with a $50,000 seed raise.
Other notable deals include SpaceX's $1.9 billion funding round, bringing its valuation to $46 billion, and Robinhood's $200 million raise, increasing its valuation to $11 billion.
Read the first issue of the Weekly Deals Digest for more insights.
