Octopus Ventures and Lateral Capital to back Pngme’s development in Africa
The two venture capitalists have invested in the company, which specialises in developing critical data infrastructure and machine learning (AI) models. Based in San Francisco, the company is preparing to expand into sub-Saharan Africa after recently raising $15 million.
Someone shares this article with you
▪ Octopus Ventures and Lateral Capital to back Pngme’s development in Africa
▪ The two venture capitalists have invested in the company, which specialises in developing critical data infrastructure and machine learning (AI) models. Based in San Francisco, the company is preparing to expand into sub-Saharan Africa after recently raising $15 million.
▪ https://www.africabusinessplus.com/en/808797/octopus-ventures-and-lateral-capital-to-back-pngmes-development-in-africa/
“Pngme’s infrastructure has processed billions of data points from hundreds of financial institutions across sub-Saharan Africa. We plan to double our Insights library and expand our third-party data connections to other markets over the next year,” said Cate Rung, COO and co-founder of Pngme.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
New technologies
22/12/2022 at 17h26, by Africa Business+, updated 23/12/2022
Vianney Mathonnet, Modus Capital : “The fund will remain totally agnostic in terms of application areas”
Modus Capital’s new Africa partner talked to Africa Business+ about the blockchain and artificial intelligence...
Private Equity
08/02/2022 at 14h54, by Africa Business+
Saviu Ventures’ Benoit Delestre and Arthur Thuet to close new $30 million fund
The French co-founders of the investment company, who are active investors in Afrikrea, are looking...
Telecoms
16/12/2020 at 16h26, by Africa Business+
The Senegalese Serigne Dioum becomes MTN’s new Mr Digital and Fintech
The Senegal-born engineer, who succeeds Yolanda Cuba, is the first French-speaking African to join the...
Telecoms
22/07/2020 at 06h43, by Africa Business+
‘20% of our revenue will come from fintech in five years’ time’ (MTN Group)
Serigne Dioum, Group Executive for fintech and mobile money at MTN, was a participant in “Covid-19:...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.