Fintech company ProXalys secured a $500,000 investment to drive its expansion efforts in Africa. Spearheaded by Tunisia-based seed fund 216 Capital, the investment round also saw contributions from Haskè Ventures and Digital Africa through their FUZE program.
With this new investment, the Senegalese startup intends to expand its workforce dedicated to data and artificial intelligence development in both Senegal and Tunisia, with a focus on accelerating the launch of its new sales management and digital leader application, ProBoutik.
According to Hassen Arfaoui, Principal Investment Manager at 216 Capital, ProXalys is pivotal in advancing digitalization and financial inclusion within Africa’s informal retail sector.
“The collaboration reflects a shared belief in the necessity of financial inclusion and digital transformation to drive sustainable economic development in the region,” he said.
This investment marks a milestone for the company, building upon their previous pre-seed funding round of $150,000 in 2022.
