Persistent appoints BD for $100mn venture builder fund, Payday raises $3mn for seed round.

Persistent appoints Jessica Stephens to lead business development
Impact investor Persistent has appointed Jessica Stephens as a Principal and Business Development Director who will lead the USD 100mn fund raise of the Persistent Africa Climate Venture Builder Fund that will support new and existing climate sectors.

Stephens was recently CEO of Africa Minigrid Developers Association, an institution she co-founded in 2017. And prior to this was Policy & Strategic Advisor at Rafiki Power.

Moniepoint leads Payday’s $3mn seed round
Moniepoint, formerly TeamApt, has led fintech’s Payday’s USD 3mn seed round to support its expansion into the UK and Canada.

Other investors in the round were Techstars, Angels Touch, HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors. The Rwanda-headquartered company will seek to acquire an operating licence in the UK and has raised USD 5mn to date.