TechCrunch

MAY 4, 2022

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2

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TechCrunch

FEBRUARY 13, 2023

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.

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TechCrunch

MARCH 15, 2021

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. PayPal finally arrived Africa’s most populous country in 2014 and a year later, it became the company’s second-biggest market on the continent.

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TechCrunch

JANUARY 25, 2021

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.” The companies’ combined valuation stands at over $147 million according to the firm.

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TechCrunch

DECEMBER 14, 2021

“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 Wowzi makes it possible for brands to partner with social media users for marketing campaigns. Wowzi co-founders (l-r) Mike Otieno, Hassan Bashir and Brian Mogeni.

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TechCrunch

NOVEMBER 10, 2021

However, a presence in Africa’s largest market, Nigeria, remained elusive for the company. Nigeria is quite different from the typical MFS market, where mobile money agents run the show. Emerging markets lender Lendable and Norsad provided the debt financing. MFS Africa intends to use the new investment in several ways.

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TechCrunch

OCTOBER 6, 2021

Mauritius and U.K.-based The one-year-old firm is looking to invest large checks in companies “that have proven business models, strong revenue traction and large addressable markets,” it said in a statement. We take concentrated positions and then continue investing in these companies over time.”

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