MarketForce raises $40 million Series A, introduces BNPL merchant stock financing – TechCrunch

MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. MarketForce, which was launched in Uganda, Tanzania and Rwanda last year after growing beyond Kenya and Nigeria, plans to introduce buy-now-pay-later (BNPL) options to help merchants access…

Philippines payment gateway PayMongo gets $31M Series B, will explore regional expansion – TechCrunch

PayMongo founders (from left to right): Jaime Hing III, Chief Technology Officer, Francis Plaza, Chief Executive Officer and Luis Sia, Chief Commercial Officer Philippines-based fintech PayMongo, which enables merchants to accept digital payments, announced today it has raised $31 million in Series B funding with an eye on regional expansion. Investors include Justin Mateen’s JAM…