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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.
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.
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.
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.
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.
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.
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.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. The investment from Visa came as one of the incentives for Bloom’s participation in the global card scheme’s Fintech Fast Track Program. This investment is coming after the startup’s undisclosed pre-seed round last year.
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.
Global Head of the Tableau Foundation. Health workers were able to use the dashboard in a very flexible way, and this kind of access to information is very powerful.”. DRC is the largest country in sub-Saharan Africa, and disease outbreaks are common on top of endemic malaria that accounts for 12% of all cases globally.
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. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).
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.
Jambo , a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 million in seed funding. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets.
Hunger is a global issue that affects everyone, everywhere. An estimated 811 million people are hungry globally. Supporting them is not only essential to the global community’s food supply, but also to the day-to-day well-being of the communities in which they work and live. Why Small-Scale Farmers?
Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. billion people in the world lack access to reliable and affordable energy. ” Zola has now become a technology company whose products can solve energy access problems in almost any market, the company said in a statement.
And as pressure mounts to find new crop land to support the growth, the world’s eyes are increasingly turning to the African continent as the next potential global bread basket. Many families also lack access to reliable and affordable electricity. Conceptually solar water-pumping systems have been around for decades.
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.
He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. However, it’s an opportunity too good to ignore: China-Africa bilateral trade is one of the fastest-growing corridors globally, with a value topping $192 billion in 2019. .
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.
In a period of two years, Adanian Labs has grown beyond Kenya, by establishing a presence in Tanzania, Zambia, South Africa and Nigeria – some of the biggest startup and tech hubs in Africa. Adanian Labs plans to help build 300 startups over the next five years. Image Credits: Adanian Labs. Africa-wide Growth.
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
“Workarounds are effective, versatile, and accessible methods for tackling complex problems,” shares the author of the new book, The Four Workarounds. The organization I studied in Zambia worked around them by piggybacking on Coca-Cola’s distribution channels. Question: Why do you think we should value scrappy organizations?
Global Head of the Tableau Foundation. Health workers were able to use the dashboard in a very flexible way, and this kind of access to information is very powerful.”. Neal Myrick. Kristin Adderson. June 13, 2021 - 5:55pm. June 13, 2021. To do this, having up-to-date data on these diseases or epidemics is essential.” .
Governments were slowly waking up to the emergency, creating organizations like the Global Fund, one of the largest global health partnerships on the planet, but companies were still fast asleep. At that time, (RED) spoke at length about investments in global health systems, the importance of antiretroviral drugs, and so on.
These global leaders are coming from the United Kingdom, Uganda, Florida, and DC. Portland, Oregon: Digital Inclusion: Why Access for All Matters More than Ever. Lusaka, Zambia: Website Building and Designing Using WordPress for Nonprofits. Lusaka, Zambia: Social Media Surgery. They're going to try and recruit you.
million neonatal deaths , disproportionately impacting low income populations globally. In the future, ML-powered mobile ultrasound will augment the phone’s built-in sensors to allow in-the-field triage and screening for a wide range of medical issues, all with minimal training, extending access to care for millions.
After meeting her at the Global Engagement Summer last spring, I knew I wanted to grab her for an interview before she became too famous. He ended up running for about 1,500 miles all the way to Zambia, arriving with nothing but the clothes on his back, about 90 pounds, and showing up at a refugee camp where he knew nobody.
His roles involved representing Australia in international negotiations on global health and humanitarian affairs and as an advisor to the UN secretary general on global health and pandemic preparedness. . But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome.
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