Jumo has announced a $55 million dollar raise. The investors include Goldman Sachs, Odey Asset Management and LeapFrog Investments. The "South-African born fintech startup", which describes itself as a full technology stack for building and running financial services, moved its headquarters to Singapore since its 2018 expansion into Asia. Jumo has raised $158 million to date. WeeTracker
Nigerian crypto-trading startup Bitfxt has raised a US$15 million Series A. The funding came from a UK-based syndicate of hedge funds as well as British firm Payitup Clearinghouse. Disrupt Africa
Vesicash has raised seed funding from Ingressive Capital. The size of the investment was not disclosed. The Nigerian digital escrow service startup previously raised US$100,000 in pre-seed funding in November 2018. Disrupt Africa
American Express and Interswitch have announced an integration partnership. The integration enables Nigerian merchants on the Interswitch network to process Amex cards. Ventures Africa
Carbon has added USSD functionality to its platform. USSD joins Carbon's Android and iOS apps as a channel to access its financial services features. Carbon's users on the MTN and 9Mobile networks in Nigeria can now use a shortcode to transfer money and purchase mobile airtime, a feature that is useful in the absence of a smartphone or internet access. Carbon on Twitter
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