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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

That might be a thing of the past for some businesses as African payments company Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. Going by this partnership, we can expect the majority of them to be global plays.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

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.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

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.

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Goldman Sachs spinoff Juven to back African high-growth companies with large checks

TechCrunch

Mauritius and U.K.-based ” Juven’s focus is on entrepreneurs trying to leverage tech to solve problems around access for the masses, the company said. based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa.

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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

This is the second fund for the nine-year-old Mauritius-headquartered investment firm. The managing partner says Savannah is big on startups that can scale across regions in Africa — Rwanda, Ethiopia, Uganda in East Africa; Ivory Coast and Ghana in West Africa; and globally. Paul Bragiel (Generap Partner, Savannah Fund).

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

But because they offer a similar range of services in digitizing cash like mobile money agents in East Africa, it made sense for MFS to acquire Capricorn and have access to its more than 90,000 agents. It recently opened new offices in Abidjan, Kampala, Kinshasa, Nairobi and Lagos while moving its headquarters from Mauritius to London.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

We are primarily focused on expanding across Africa in 2022 and in other emerging markets globally,” Wowzi co-founder and CEO, Brian Mogeni, told TechCrunch. “We Brands also access a community of their most likely customers, and so this makes the campaigns hyper targeted for them as well,” said Falla.

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