Renda, a Nigerian logistics start-up, announced on Thursday May 2 the successful completion of a $1.9 million financing round, including $1.3 million in equity and $600,000 in debt.
The funds will be used to, among other things, improve its technology, develop its distribution networks and support its growth in Nigeria and East Africa, in this case Kenya.
African start-ups raised $466 million in Q1 2024, down 47% on 2023
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