Finance

South Africa's Sendmarc raises US$7 mln to expand cybersecurity operations

South Africa's Sendmarc raises US$7 mln to expand cybersecurity operations
Saturday, 11 February 2023 07:30

The funding comes after an undisclosed investment in June 2021. It will help expand both the team and its operations.

Sendmarc, a South African cybersecurity startup that provides companies and individuals with tools to ensure email security and prevent identity theft, recently raised US$7 million in a Series A led by Atlantica Ventures and several participating investors.

Thanks to the funding, the startup plans to expand its product line to include additional identity theft protection features.

In June 2021, it secured an undisclosed amount of funding from Endeavor South Africa to expand its South African operations.

With over 1,000 clients (including 80% in South Africa and the remaining 20% in other parts of the world), Sendmarc eyes up to 100,000 clients in the coming five years. It also plans to expand its sales team across Africa to get closer to its clients and provide tools to monitor global email and domain security practices.

Chamberline Moko

On the same topic
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2024. The deal aligns with IMF-backed reform targets...
Cameroon to tax foreign online platforms from Jan. 1, 2026 Non-resident firms face 3% minimum levy or 30% corporate tax Reform targets...
Partnership targets financing, financial inclusion, business formalization Pilot formalized 343 firms; nationwide programme targets 5,000...
Nigeria stock market posts record 36.6 trillion naira capitalisation gain in 2025 All-Share Index jumps 51%, driven by earnings, dividends, FX...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
03

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
04

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
05

Partnership targets priority projects, startup support and skills training Deal aligns with...

Gabon Signs MoU With Huawei on Digital Economy Push
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.