- Business Insider Africa understands that the $50 million is part of a broader funding round.
- The funds will enable Cassava Technologies to accelerate digital connectivity inclusion across Africa.
- Strive Masiyiwa, who founded Cassava Technologies and sits as its Executive Chairman, expressed delight over the investment by C5 Capital.
Cassava Technologies, which prides itself as the first pan-African integrated technology company, said it has secured a $50 million investment from London-based venture capital firm C5 Capital.
According to a press statement that was sent to Business Insider Africa, the $50 million is part of a broader funding round and will go a long way in facilitating Cassava Technologies' efforts to accelerate digital connectivity inclusion across Africa.
While commenting on the investment, the Founder and Executive Chairman of Cassava Technologies, Strive Masiyiwa, said: