Startups and up-scalling

Amitruck raises $4 million for scaling into Uganda and Tanzania

Frankfurt (Germany) and Nairobi (Kenya), February 2022. GreenTec Capital is very pleased to report that Amitruck, our Kenya-based logistics-tech portfolio company, has closed a US$4 million seed round. Amitruck will use the funds to bolster its operations, technical, and sales teams supporting its expansion in East Africa. The funding round was led by Better Tomorrow…

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Angel Investing in Africa – Never a better time to Learn

Register for the Axum Masterclass on Angel Investing on February 16th, 15:30 CET Frankfurt (Germany), January 2022. To look for signs that the African VC segment is maturing, one need only to look at the staggering $4.3-$4.6+ billion in reported deals closed in 2021. While lower than other international start-up markets, this represents a 150%…

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Amitruck partners with IMFact to access greater financial capital for East African scaling

Frankfurt (Germany) & Nairobi (Kenya), October, 2021. GreenTec Capital is pleased to share that its portfolio company, Amitruck, has partnered with IMFact,  a pan-African FinTech offering alternative financing options to SMEs in the supply chain industry. IMFact is a Smart Finance alternative to traditional bank lending for Kenyan SMEs operating in the supply chain business…

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GreenTec Capital at AFSIC 2021 in London

Frankfurt (Germany) and London (England), October 2021. GreenTec Capital CFO Thomas Festerling and Head of Financial Solutions Norbert Reeg traveled to London, England for The AFSIC 2021 Investing in Africa Conference and Expo on October 11th-12th 2021. AFSIC is regarded as the largest annual African investment event outside of Africa. The two-day event featured a…

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GreenTec’s Andrew Gwadiva speaks at Africa Tea Week

Frankfurt (Germany) and Nairobi (Kenya), May 2021. GreenTec Capital’s Vice President of Growth, Andrew Gwadiva participated in Africa Tea Week this past May by joining a panel hosted by Trastea titled ‘Tea and Fair Trade.’ Appropriately, Andrew’s session on innovation and investment in the African tea industry fell on International Tea Day, May 21, 2021….

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GreenTec Capital CEO Erick Yong featured on Voice of America’s “Our Voices” program

Frankfurt (Germany), March 2021.We are very happy to share that GreenTec Capital CEO and Co-Founder, Erick Yong, was recently interviewed on VOA (Voice of America) Africa’s Our Voices program by Tatenda Gumbo.  The program’s theme was Africa’s Surging Mobile Money Market, and Ms. Gumbo began by stating “Africa is the largest market for mobile money”…

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