Badili secures funding from Renew Capital Angels, YMO concludes $3mn seed round

Badili secures funding from Renew Capital Angels, YMO concludes $3mn seed round

Renew Capital Angels has invested in Badili, a Kenyan recommerce platform that sells refurbished smartphones for less than half of the original price.

The company was founded in 2021 by Rishabh Lawania and Keshu Dubey and last year raised a USD 2.1mn pre-seed round from several investors: Venture Catalysts, V&R Africa, Grenfell Holdings SOSV, angel investors and family offices.  

Super Capital, INCO Ventures, Breega invest in YMO

YMO, a cashless payment app based in Guinea has raised a USD 3mn seed funding round from INCO Ventures, Breega and Super Capital. The startup will use the funds to recruit more staff, expand its R&D team and bolster its compliance department in Europe and Africa. YMO was founded in 2019 by Abdoulaye Barry by offering instant mobile payments between France and Guinea. In October last year, it received approval from the Central Bank of the Republic of Guinea and launched its local payment service. To date, it has attracted nearly one million users.