On Monday, April 15, Roscas, a fintech startup based in Mozambique, announced the successful closure of a funding round. The financial details of the operation, spearheaded by Renew Capital—an American investment firm with a focus on Africa—remain undisclosed. The newly acquired funds will help the company further develop its technology. Specifically, it aims to provide access to social protection products such as insurance, capitalized savings, and loans for individuals who have historically been marginalized from formal financial systems.