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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. ARC2022 is coming soon with plenty of announcements.

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Sun King raises $260M to widen clean energy access in Africa, Asia

TechCrunch

It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year. Shell-founded startup fund receives $13 million from Canadian DFI to accelerate clean energy access in Africa. Sun King has previously raised $170 million in equity and debt funding.

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Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

TechCrunch

Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global. The round, which closed sometime in March, is Tiger Global’s second investment in the B2B e-commerce space after backing Wasoko in its mega Series B round. million seed round we covered.

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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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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not have access to a bank account or mobile money. Anglophone East Africa is home to over 400 million people, with half under 25.

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Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

TechCrunch

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 And in turn, give the rest of the world access to African consumers on the ground who want and need these goods globally.”. KlashaCart.

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This YC Summer batch features the largest group of African startups yet

TechCrunch

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.

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