Ugandan neobank Eversend has reportedly closed an oversubscribed crowdfunding campaign on Seedrs.
The digital banking startup bagged €897,000 ($1.01m) through the round, according to Disrupt Africa.
Eversend was founded in 2017 and provides multi-currency wallets and currency exchange, and plans to offer personal loans, savings, group savings, merchant payments and investments in the future.
Eversend originally hoped to raise €550,000 ($613,000) through the raise in return for 7.67% equity.
Uganda was one of the five African nations the Financial Action Task Force (FATC) added to its grey list in February, meaning they need to do more to tackle money laundering and terrorism financing. The other four countries called out by the FATC were Botswana, Ghana, Mauritius and Zimbabwe.
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