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Casava gets $4M pre-seed to make insurance affordable and accessible to Nigerians

TechCrunch

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. 250 (~$0.5) – ?300($0.6)

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My remarks just made at WIPO today

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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

“The establishments of digital banks in South Africa is in its infancy. With already existing shareholders like African Rainbow Capital (founded by South African billionaire Patrice Motsepe), TymeBank says these new investors will grow the company into a top-tier retail bank in South Africa.

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Ghanaian fintech SecondSTAX allows investors to access capital markets outside their countries, raises $1.6M

TechCrunch

For instance, a South African investor who wants to diversify their portfolio outside the Johannesburg Stock Exchange may find investing in the Nigerian Stock Exchange difficult. Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets.

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Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

TechCrunch

South African-founded startup WhereIsMyTransport is one such company filling that gap for now. million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Today, i t is announcing a $14.5 According to Naspers, the size of its check was $3 million.

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New South African partnership gets $3M, launches telehealth product

TechCrunch

For the early detection and treatment of health conditions, easy access to primary healthcare is crucial. However , ubiquitous access to such care is scant across Sub-Saharan Africa. There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region.

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Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa

TechCrunch

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. For Float, it prides itself on giving businesses access to financial and software services simultaneously.

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