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This is totally the “how sausage and law are made” view, so don’t read this unless you want to know more about globalaccessibility in detail! WIPO has a mandate from its member states, and is working to address the need to change laws and get more accessible books flowing.
The threat of COVID-19 has prompted many countries to draft new and emerging technologies to fight the pandemic, with the latest example taking flight in Ghana. Since then, the company has expanded its operations to Ghana in 2019 and the US in 2020, delivering medical supplies and PPE in North Carolina last May. Image: Zipline.
The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors Target Global (an investor in neobank Kuda), General Catalyst, and SBI Investment. Tiger Global confirmed it led the investment in an email to TechCrunch.
Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash. Africa has it different.
Earnipay , a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. 250 ($0.5)
But with fractional investing, pioneered by Robinhood, access to these securities are democratized and people can own smaller shares in big companies. There are many Robinhood-esque platforms globally because of a growing need to invest in U.S. The next market for Bamboo is Ghana. stocks in different parts of the world.
We now have global permissions for around 8,000 copyrighted books out of our 70,000. • We now have global permissions for around 8,000 copyrighted books out of our 70,000. • We now have global permissions for around 8,000 copyrighted books out of our 70,000. • Most publishers don’t say yes or no.
Other existing investors include Silicon Valley backer Jim Breyer of Breyer Capital, Shravin Bharti Mittal of Bharti Global Limited-an Indian Conglomerate, Social Capital and Golden Palm Investments. mPharma also enjoys expertise backing from well experienced professions in the pharmaceutical industry. The health start-up received $1.1
Africa Health Holdings , a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria. This is in addition to providing access to test results, and 24-hour emergency response.
The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan. Kuda said in the email that affected staff cuts were made across various departments in the company.
Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. Africa is home to the fastest growing cities in the world, but when most people think of energy access in Africa, they think of the rural areas with little or no access to electricity at all.
The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. It became clear that the fundamental issue that drivers face is consistent access to vehicles.
Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.
You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.
And according to a new report from Salient Advisory, a global healthcare consulting firm, this is the segment where the most impressive growth has occurred for Africa’s healthcare in the last 12 months. Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021.
Yet its industry remains highly fragmented as shop owners and kiosks still have issues around access to capital and getting goods regularly and on time from suppliers and distributors. TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and South Africa. It was strategic.
Joseph Heller is a small businesses expert and the CEO of Supplied , a wholesale platform for small businesses and brands that makes it easier for boutique owners to access high-quality, affordable items. Those closer to the concentric circles of venture capital know that venture capital exists and they know how to access it.
The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa. The logistics network also supports farmers to quickly access markets for better incomes and to reduce post-harvest losses and waste.
But also really pushing towards what’s possible for business owners in Ghana and Nigeria, who has a smartphone in their pocket.”. OZÉ boasts of a client base of more than 125,000 business owners in Ghana and Nigeria. African startups join global funding boom as fintech shines. Nigeria’s Kippa gets $3.2M
Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. Lami is an insurance platform and API that enables more individuals and businesses to access insurance coverage.
Founded by Yele Badamosi in 2017, Microtraction arrived on the continent’s early-stage investment scene with all intent to be “the most accessible and preferred source of pre-seed funding for African tech entrepreneurs.” Half of its portfolio companies are backed by YC and other global accelerators.
Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 million in equity from Insight Partners, Global Founders Capital, 4DX Ventures and ASK Capital, among others. Kinyua assumes the role of interim CEO. That’s a 4x boost in transaction volume and a 5x rise in user count within five months.
Our mission is to transform the way people commute around the world by building a global partner network and connecting communities of shuttlers like we are presently doing in Lagos, Nigeria,” Olokesusi said in a statement. The Techstars-backed company is actively fueling its expansion across Nigeria and Ghana having raised more than $1.5
Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Africa has the lowest insurance penetrations globally. Simon Ward founded FloatPays in 2019 as an on-demand wage access platform to help employees access, spend, save and manage their money.
While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. It’s an identical problem for more than 51% of 44 million formal SMBs in sub-Saharan Africa who say they need more finance than they can access to grow their businesses, per research.
Now, she's taking her passion for data to the global stage, having been awarded a prestigious Fulbright U.S. Dunaway also took a moment to stress the importance of ensuring students are set up with the right access to Tableau when it’s integrated into coursework. Next stop: University of Eswatini Dr.
Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year. the CEO says that users in Uganda, South Africa and Kenya will be the first to get access next year.
Our global search continues, and today, we’re urging early-stage startups across Africa to apply for the Startup Battlefield 200 at Disrupt 2023. Africa: The Startup Battlefield 200 wants your startups SB 200 is the startup world’s preeminent competition, and it has a global reach. Read about them on TechCrunch. Don’t delay.
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Image Credits: Klasha. KlashaCart.
For most of Twiga’s operational history, it connected vendors and outlets with farmers via an app to access different agricultural produce. . First-time investors OP Finnfund Global and Endeavor Catalyst Fund participated as well. “We After that, Twiga will look at other markets — Cote d’Ivoire, DRC Congo, Ghana and Nigeria.
All these while increasing access and affordability to quality medication. Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Other investors include Northstar, Social Capital, Novastar and TO Ventures.
Africa is home to more than a billion people, where a majority have limited or no access to vehicle financing. It is a similar case across Africa, where car owners often recycle used cars between themselves because of the difficulty of accessing new ones. In fact, the continent has the lowest per capita vehicle ownership in the world.
Andela has been pivotal to placing the continent’s tech talent globally. They can access the platform’s first-semester content for free and practice. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .
Because many of them, particularly in the two-wheeler space, lack access to some financial services, being contractors is disadvantageous. The startup proceeded to create a partner ecosystem structured so that some give it access to new users while others support its ecosystem and marketplace. “We
These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. This incorporation-as-a-service plugin positions Norebase as a global player in the trade tech space. It’s one of the few companies offering such services, including Firstbase.
1 on iOS and Android in Nigeria and Ghana. As Western markets reach saturation, most future streaming growth will come from Global South regions, of which Africa is an important part, she argues. You have a young audience that has limited or no disposable income, and a lack of access to credit and debit cards. We’re No.
The Nigeria-based startup plans to provide these services beyond its current three markets by expanding to Ghana, the Democratic Republic of Congo and Cameroon by the end of this year, after closing $2.5 million in pre-series A funding from 500 Global, VestedWorld, and Loyal VC. Betastore has to date raised $3 million in funding.
billion people do not have basic access to financial services, 42% of adults in sub-Saharan Africa and Asia are unbanked and only 11% of adults are under credit bureau coverage in Africa. So far, JUMO has served loans worth over $3.5 billion to more than 18 million customers across these markets, granting up to 120 million individual loans.
Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19.
Bolt’s Africa regional director, Paddy Partridge, told TechCrunch that the ride-hailing firm has experienced a spike in on-demand transportation services, and that the current drivers — especially in Ghana and Nigeria where “there’s a real shortage of cars” — are not enough to meet this growth.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. The startup’s largest user base is in Nigeria, and it also has a major presences in India, Ghana and Vietnam, and growing user bases in Brazil, the Philippines and Sri Lanka. Create a social media punch list for cryptocurrency marketing.
Access to finance remains a key growth constraint for small businesses, with data showing a $330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses. The round also included a $5 million debt from Talanton and Verdant Capital Specialist Funds.
According to research, 85% of African SMBs have zero access to financing, and e ach day, African SMBs have billions locked up in receivables due to long payment cycles. Globally trillions of dollars are flowing from business to business, and that is where we want to play in. Ghansah is a serial entrepreneur.
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