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Cape Town-headquartered venture capital (VC) firm HAVAÍC has completed its third investment in Kenyan FinTech Tanda. The investment from the VC firm’s USD 20 Mn HAVAÍC Universum Core African Fund is part of an ongoing pre-series A round in partnership with three other investors, including DFS Lab.
Tanda has built an open agent network accessible to all financial service providers, simplified how people and businesses transact and opened up the ecosystem so other developers can layer additional solutions. The investment will enable the company to invest in key strategic partners, accelerate product development, and scale in Kenya and East Africa over the next 15 months.
HAVAÍC is an investment and advisory firm that invests in and supports early-stage, high-growth African technology businesses with proven concepts and global prospects, offering high return and impactful investment opportunities to sophisticated private and institutional investors.