This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
Redbird , a Ghanaian healthtech startup that allows easy access to convenient testing and ensures that doctors and patients can view the details of those test results at any time, announced today that it has raised a $1.5 They both settled that pharmacies in Ghana needed to imbibe the world of medical testing.
Not only does this limit investors’ access to high-growth securities, but it also limits access to capital that has grown in leaps and bounds over the past couple of years. While local retail apps such as Bamboo and Chaka offer U.S. Nigeria is a silo, same with Ghana, Kenya and South Africa etc.
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.
market to theirs — thrives on the notion that access to a financial ecosystem via open APIs will improve access to financial information and lower entry costs for the underbanked. . Mono has delivered on only Ghana, for now, piloting with a few banks and fintechs such as Oze and Tranzo.
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.
MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.
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. This is a needed involvement given that countries across sub-Saharan Africa have an average of 0.23
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. Pezesha is tapping local and international banking institutions, HNWIs and DeFi for additional liquidity for onward lending.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. It focuses on retail investors, enabling them to start with investments as small as $5.
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.” 2019 saw the local VC firm invest in six companies. The introductory batch was all Nigerian.
It’s a one-year program where students take classes for nine months (three semesters) followed by a three-month internship at local tech companies to gain experience. They can access the platform’s first-semester content for free and practice. SoftBank sinks $200M into Andela, propels company into unicorn territory.
NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. to Tanzania, Kenya, Uganda, Rwanda and Ghana. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users.
study suggests that while sub-Saharan Africa has the potential to increase (even triple) its agricultural output and overall contribution to the economy, the sector remains untapped largely due to lack of access to quality farm inputs, up to par infrastructure like warehousing and market. A McKinsey and Co. million pre-Series A funding.
“Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.” These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages.
Its API allows these merchants to access telecom operators’ mobile money systems to receive and send payments to millions of mobile money accounts. . PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. ” Image Credits: PawaPay.
But in Africa, that’s not the case, as most people do not have access to quality healthcare due to the ill-equipped nature of hospitals and lack of insurance. . Bardet also said the company would launch its services across six more countries in sub-Saharan Africa, including Nigeria and Ghana. That’s where Susu tends to be different.
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. Accelerators provide all-round support to early-stage startups, including helping them find product-market fit, funding and access to investors.
By the time he left, three years after, Bundle was only live in Nigeria and Ghana with less than 100,000 active users. Still, it is when compared with its peers in Africa as no local crypto platform serving just Africa has reached a million customers. Bundle’s numbers might not seem impressive from a global standpoint.
KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. 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.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch.
To gain access to the loyalty benefits, all consumers must do is bring their phone within proximity to the chip sown into the item they purchased from the brand. Born in Accra, Ghana, he moved with his family to Los Angeles at the age of three. Sandu has come a long way from where he started.
It currently covers some 20 countries for receiving money, some of the very poorest and/or least developed places in the world including Bangladesh, Cameroon, DRC, Ethiopia, Kenya, Madagascar, Morocco, Nepal, Nigeria, Pakistan, Republic of the Congo, Sri Lanka, Vietnam, Côte d’Ivoire, Ghana, Guinea, Mali, Senegal and Zambia.
Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. The founders draw on prior experience building API products for local markets in the past. “Unlike the U.S.
CEO Tunde Kara , in an interview with TechCrunch, said Vendease plans to use the investment to deepen operations, consolidate its presence in eight cities across Nigeria and Ghana (the company recently expanded to the latter), move into new markets and build new products to increase customers’ efficiency. Vendease gets $3.2M
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
These startups will have access to funding between $100,000 to $250,000 and hands-on technical support. These startups, mainly from Ghana, Kenya, Nigeria and South Africa, have collectively raised more than $7 million during and after the program. This is a change from when the company launched in 2018.
The company, founded by Ben Lyon , Jess Shorland and David Kutalek , fetches all these codes from multiple accounts together into an app users can access offline, letting them perform transactions without dialling any USSD code. For the latter, memorizing one or two codes is one thing; cramming about five is a different ballgame. Enter Stax.
In addition to trading on the platform, these customers used FTX to convert their local currencies to dollars and gain yield on savings. However, following the events of the past two weeks that brought about FTX’s tumble, many of them, including local celebrities signed as brand ambassadors, have been left bemoaning their decision.
Freedom Fone in Tanzania and Ghana. Freedom Fone was introduced at two radio stations: Radio Maria in Dar es Salaam, Tanzania, and Volta Star radio in the Volta region of Ghana. Making radio more accessible in Ghana. In Tanzania, Sullivan bought a second-hand computer locally to host the Freedom Fone software.
Promises include : beU delivery says it offers a “great selection of local restaurants and door-to-door food delivery” that allows customers to have their favorite food from the “comfort of their homes or offices.” Team size : 300. Location : Addis Ababa, Ethiopia. Bloom’s offering allows Sudanese to save in U.S.
But from a purely geographical standpoint, five are based in Nigeria, one each are from Kenya and Ghana, and one, though Africa-focused, is Geneva-based. They appear to tackle challenges concerning access to financial services and payments, food delivery, merchant bookkeeping and wholesale automobile purchase.
We are providing safety nets through insurance at affordable prices, and through easy to access channels,” MotiSure, CEO & co-founder, Joel Macharia told TechCrunch. The idea, however, failed to take off, because the local partners he had targeted to help roll it out were not as helpful.
Cheki sold its businesses in Nigeria, Ghana, Kenya and Uganda to Autochek after slowing sales. The firm also seems to be playing it safe, relying on local investors to de-risk investments before going in, as most of its fintech investments are from Series A and up. They learned their lessons and now have a different strategy.
When I sat down to talk with the co-Directors, Melinda Kramer and Amira Diamond, in early March, they had literally just returned from the West African Woman and Water Training in Ghana. The greatest challenge we face is the challenge of access. You both just came back from the 2010 West African Women and Water Training in Ghana.
While we’re extremely proud of our achievements in the field of accessibility and disability rights, we know that we’ve just scratched the surface of what we could possibly do to bolster parity of access to information by people with disabilities. The second principle is sourcing locally relevant content.
Many of them consistently draw larger audiences on Audiomack than on Spotify or Apple Music , largely due to the platforms strong presence in local markets. 1 on iOS and Android in Nigeria and Ghana. You have a young audience that has limited or no disposable income, and a lack of access to credit and debit cards.
Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team. “For us, our strategy is to build a global team that can think local and execute properly. And we figured out that they’re already a perfect fit for that.”
The Techstars-backed company is actively fueling its expansion across Nigeria and Ghana having raised more than $1.5 million in funding, money also used to acquire a similar player in Ghana. Now, investors are interested in this and think local mobility plays can be valuable solutions,” Olokesusi said. “We
Klasha is a technology company that allows international merchants such as H&M or Zara to receive payments online in local African currencies and money methods. This segment often doesn’t access affordable credit (and other financial services like insurance) and is excluded by high street lenders like banks.
and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. CEO Ruth Iselema.
When Robinhood raised its $3 million seed round in 2013, it was a couple of months old, with huge ambitions of democratizing securities access to the underserved and unserved. In Nigeria, at least four platforms offer both local and foreign stocks to individuals. Robinhood is no exception. Chaka is one such platform.
But with fractional investing, pioneered by Robinhood, access to these securities are democratized and people can own smaller shares in big companies. But Nigerians that could access such services, up until a few years ago, were HNIs with resources to open brokerage accounts and consult asset managers. from 1957 through 2021.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content