TLDR:
- Benin electric vehicle company Spiro received $50M to expand.
- UAE prop-tech startup Keyper secured $34M for expansion.
An electric vehicle company in Benin, Spiro, closed a $50 million debt financing agreement with Afreximbank to expand its network of swap stations and introduce new electric bike models. UAE-based proptech startup Keyper raised $34 million in equity and Shariah-compliant sukuk financing to digitize the rental experience in the UAE and expand its Rent Now, Pay Later offering. Other funding activities in the region this week include TowerCo of Africa, Merit, liwwa, Birdnest, and MDD.
Spiro, a Benin Republic-based electric vehicle company, secured a $50 million debt financing agreement with Afreximbank to expand its operations across Africa. The funds will be used to enhance accessibility of green mobility solutions through its network of automated swap stations and new electric bike models.
Keyper, a proptech company based in the UAE, raised $34 million in equity and Shariah-compliant sukuk financing. The funding will be utilized to digitize the rental experience in the UAE and expand the company’s Rent Now, Pay Later offering, providing investors with real estate portfolios and data-driven insights.
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