TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

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TechCrunch

FEBRUARY 2, 2022

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%.

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TechCrunch

AUGUST 17, 2021

Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure play. The company is also describing itself as a machine learning-as-a-service platform. Right now, Pngme has three core products for clients in these three markets.

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TechCrunch

JUNE 30, 2022

Retailers on the Aspira platform, like most African businesses, struggled with cash flow problems and lacked access to affordable credit to grow their businesses. That said, there are still many lending services that SMBs can access in the market. Most of them were shut out of access to the traditional credit market.

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TechCrunch

DECEMBER 21, 2021

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. Planet42, though based in South Africa, has Estonian roots due to the founders’ heritage: Oja and CFO Marten Orgna founded the company in 2017.

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TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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TechCrunch

FEBRUARY 13, 2022

Open finance continues to be a significant theme in the world of fintech as businesses tap APIs to access customers’ financial accounts and provide a gamut of integrated and embedded financial services. Stitch’s provides solutions for e-commerce companies, marketplaces & platforms and its leading clientele, fintechs.

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TechCrunch

SEPTEMBER 21, 2022

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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TechCrunch

JANUARY 17, 2022

They don’t have access to software that does analytics and inventory management right off the gate. So, we decided to build a cloud-based restaurant software tailor-made for Africa’s massive chefs and restaurant industry.”. 30,000) monthly to access its software. said the CTO in a statement. 2,500) to $50 (~?30,000)

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TechCrunch

FEBRUARY 22, 2023

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Safe and reliable transport is a key driver of social and economic inclusion in emerging economies.

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TechCrunch

NOVEMBER 23, 2021

Part of the investment will be used to hire more staff in South Africa and support the commercial expansion to the U.S. CEO Greg Chen founded the company in 2014 came from his 15-year span in the mobile industry, noticing how enterprises in South Africa struggled to target and engage their customers via SMS efficiently.

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TechCrunch

SEPTEMBER 23, 2022

His firm, Seven Seas Technologies , has previously worked with governments too — having been involved in the initial implementation of the decentralized service delivery hubs – Huduma Centres , which grant citizens access to nearly all government services through a single portal. This means we do not build what is available.

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TechCrunch

AUGUST 31, 2021

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. Neobanks have taken the world by storm and Africa is the last frontier for this brand of fintech innovation. Fingo (Kenya).

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TechCrunch

JANUARY 17, 2022

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. The company aims to serve as the “financial operating system” for Africa’s small and medium businesses.

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TechCrunch

APRIL 6, 2022

Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. Qureos says it’s creating new learning and work opportunities for millions of youth.

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. for every successful transaction made via Ozow.

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TechCrunch

AUGUST 9, 2021

Africa is home to more than a billion people, where a majority have limited or no access to vehicle financing. In 2019, Africa had fewer than 900,000 new vehicle sales. It is a similar case across Africa, where car owners often recycle used cars between themselves because of the difficulty of accessing new ones.

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TechCrunch

JUNE 10, 2021

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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TechCrunch

MAY 4, 2021

From the McKinsey report in 2018, the total gross written premiums (GWP) in Eastern Africa was $3.3 In comparison, South Africa did $48.3 So Lami adopted a B2B2C approach to leverage the trust already built by platforms that converse with customers daily and innovate around it. billion worth of GWP that same year.

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TechCrunch

MARCH 28, 2023

Fez Delivery , a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors. We have the technology and still own 30% of the assets on our platform.

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TechCrunch

OCTOBER 11, 2021

Open finance players in Africa like Mono — mirroring Plaid’s success in the U.S. market to theirs — thrives on the notion that access to a financial ecosystem via open APIs will improve access to financial information and lower entry costs for the underbanked. .

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TechCrunch

MAY 25, 2022

In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. This play is akin to agency banking, a branchless banking system in Nigeria and West Africa where human agents act as ATMs to offer financial services in remote areas. Chari offers an identical offering in Morocco.

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TechCrunch

FEBRUARY 15, 2023

According to a statement, the funding presents Naked with an opportunity to improve its AI and use it to grow Africa’s insurance market which is worth over $68 billion in annual gross written premiums. South Africa makes up 70% of this market, with an annual gross written premiums market of over $47 billion.

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TechCrunch

NOVEMBER 25, 2021

Sabi is an attempt at platforming the informal sector and African trade via various online and offline channels. But it provides visibility into these assets across the entire value chain from the demand and supply side and controls on a single platform. Nigeria’s Rensource raises $20M to power African markets by solar.

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TechCrunch

MAY 4, 2022

We aggregate that knowledge and provide one platform that ensures you don’t have to worry too much about trust,” the CEO added. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.

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TechCrunch

MARCH 11, 2021

Today, FlexClub , a South African company, has been provided with $5 million to improve drivers’ experience in these markets. The company is an online marketplace that connects customers looking for flexible access to long-term cars with its partners, offering car subscriptions. That same year, the company closed a $1.2

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TechCrunch

FEBRUARY 15, 2022

The e-commerce platform is now set to introduce a range of products and options including buy-now-pay-later (BNPL) financing and a new online payment option. Contact is said to be among the first financial services platforms to introduce advanced credit scoring and collection mechanisms in Egypt. “We

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TechCrunch

FEBRUARY 24, 2021

This makes it the largest round raised by any API fintech startup in Africa at the moment. Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa.

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. So far, JUMO has served loans worth over $3.5

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TechCrunch

AUGUST 4, 2021

South African insurtech platform Naked has raised $11 million in a Naspers-led round. This comes barely two weeks after Naspers, via its early-stage tech investment vehicle Naspers Foundry, invested in another South African insurtech platform, Ctrl, in its $2.3 million Series B round. This is where Naked comes in.

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TechCrunch

DECEMBER 1, 2021

OfferZen operated solely in South Africa for four and a half years until April 2020, when it expanded to the Netherlands after acquiring an Amsterdam-based recruitment tech startup called TryCatch. Most of its customers from both ends of the marketplace are based in South Africa, the Netherlands, and parts of Europe like the U.K.

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TechCrunch

SEPTEMBER 10, 2022

Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth.

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TechCrunch

DECEMBER 2, 2021

And the South Africa-based crowd-solving startup has done that over the last three years they have been in existence. Among other notable private and public organizations that have tapped Zindi include Microsoft, IBM and Liquid Telecom UNICEF and the government of South Africa.

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TechCrunch

MARCH 10, 2022

By making insurance products readily available to users of popular digital technologies, Curacel Grow is envisioned to bolster the access and uptake of insurance in Africa, where penetration stands at less than 3% — and 1.2% without the outsized market of South Africa. The opportunity is massive.

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TechCrunch

OCTOBER 3, 2022

Talk360’s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAÍC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. South Africa’s Talk360 raises $4M to build single payment platform for Africa.

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TechCrunch

NOVEMBER 15, 2021

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. Australia and Asia.

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TechCrunch

JANUARY 28, 2022

We’re just not able to continue keeping up with that growth because drivers are not able to access vehicles at an affordable rate,” said Partridge. “We Paddy Partridge, Africa regional director, Bolt Ride Hailing. Paddy Partridge, Africa regional director, Bolt Ride Hailing. Image Credits: Bolt.

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