This is a Nigeria news story, published by TechCrunch, that relates primarily to LoftyInc Capital news.
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LoftyInc Capital has reached the first close of its third fund at $43 million .
The fund will target late-seed and Series A startups in Nigeria , Egypt , Kenya , and Francophone Africa .
The first close attracted a diverse group of limited partners, including sovereign wealth funds from the Middle East and Africa .
LoftyInc Alpha says it's backing innovations that drive Africa ’s “everyday economy” Most of that will revolve around financial services.
Financial services remains the most dominant sector in African tech, accounting for 60% of the over $2 billion in equity deals startups raised last year .
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