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Kenyan neobank Cloud9 secures investment from Alliance, reaching $1M in total funding to enable cross-border payments for African businesses.
Amount Raised
$1 Million
Round Type
Seed
KenyaFinancial ServicesPaymentsFinanceFintechInvestors
Description
Cloud9, a Kenyan digital bank enabling cross-border payments and borderless banking for African consumers and businesses, has secured an undisclosed investment from crypto and fintech accelerator Alliance. The funding brings Cloud9's total capital raised to date to US$1 million. The neobank targets Kenyan entrepreneurs who import over $20 billion worth of goods annually, addressing the gap in slow and expensive cross-border payment solutions. Built on stablecoin rails, Cloud9 offers users a mobile account to hold, send, receive, and invest money across multiple currencies and borders.
Fundz sees it the moment Cloud9 raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Cloud9 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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