Madica expands pan-African footprint with five new investments

Madica , the structured investment and mentorship programme dedicated to pre-seed African startups, has announced a fresh cohort of five new portfolio investments. This latest funding wave expands the programme’s geographical footprint, marking its debut investments in Algeria and Cameroon while simultaneously reinforcing its presence in key markets like Nigeria and Egypt. Launched in 2022 and affiliated with global early-stage fintech investor Flourish Ventures , Madica was designed to bridge c