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Startups · CairoSylndr, an Egyptian-based online marketplace for used cars, has raised $15.7 million in a funding round led by London-based Development Partners International’s Include Fund Venture Capital. The new funding, which brings its total raised since launch to over $30 million, will strengthen Sylndr’s expansion beyond online used car sales into auto financing, servicing, and tools for dealers. According to the company, the latest funding round include…See the Story
Sylndr Raises $15.7m to Expand Beyond Online Marketplace for Used Cars

Startups · NairobiOver the past five years, equity has remained the dominant fuel for African startups, but debt financing has surged since 2020, climbing 111% by 2024 to USD 589 M, WT Elite data shows. Amid a global funding slowdown, founders are tapping venture debt to extend runways without diluting equity. This shift has been driven by a drop in equity rounds amid global venture capital (VC) squeeze, improved revenue predictability in mature fintech and Softw…Read Article