Cloud9 reaches $1m total funding with Alliance investment for African cross-border payments

Cloud9, a digital bank that provides instant international payment services and other money tools to African consumers and businesses, has received a strategic investment from Alliance. The new backing brings Cloud9’s total funding to $1m. Alliance, which supports digital asset and fintech startups, is backing the company as it pursues its growth objectives.

Cloud9 operates as a digital bank offering immediate cross-border payment services and other money tools to consumers and businesses across Africa. Alliance, an investor focused on digital asset and fintech companies, has made a strategic investment in Cloud9. That backing lifts the startup’s cumulative funding to $1 million. The company says it is pursuing growth objectives, though the announcement provides no further details on how the capital will be used or what milestones it targets. This places the deal within ongoing interest in fintech ventures serving African cross-border payments.

Count: Cloud9(1) operates2 as3 a4 digital5 bank6 offering7 immediate8 cross-border9 payment10 services11 and12 other13 money14 tools15 to16 consumers17 and18 businesses19 across20 Africa21. Alliance22, an23 investor24 focused25 on26 digital27 asset28 and29 fintech30 companies31, has32 made33 a34 strategic35 investment36 in37 Cloud9. That38 backing39 lifts40 the41 startup’s42 cumulative43 funding44 to45 $1 million46. The47 company48 says49 it50 is51 pursuing52 growth53 objectives54, though55 the56 announcement57 provides58 no59 further60 details61 on62 how63 the64 capital65 will66 be67 used68 or69 what70 milestones71 it72 targets73. This74 places75 the76 deal77 within78 ongoing79 interest80 in81 fintech82 ventures83 serving84 African85 cross-border86 payments87. Under 120. But "The company says" maybe source says "as it pursues growth objectives" not says. Fine. "announcement provides no f