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

DECEMBER 9, 2021

Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services. And like any BNPL service, the company wants to incentivize a portion of this demographic at checkout, in-store or online.

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TechCrunch

NOVEMBER 1, 2021

Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. In May, it expanded to the U.K.,

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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 23, 2021

Both these investors are experienced in financial services in emerging markets; Apis, for instance, is a private equity asset manager that supports growth-stage financial services and financial infrastructure businesses. “The establishments of digital banks in South Africa is in its infancy.

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TechCrunch

DECEMBER 6, 2021

-based company that connects consumer goods brands to thousands of retailers and help out with distribution, has raised $110 million in new equity and debt funding round as it looks to bring in more retail stores and expand its buy now, pay later service across the continent. A TradeDepot warehouse. We think they go together.

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The Verge

AUGUST 4, 2020

Access will be revoked in September for users in New Zealand and South Africa and for users in all other regions in October. Come December, the service will shut down completely, after which you won’t be able to transfer your content. Photo by Chris Welch / The Verge.

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TechCrunch

APRIL 7, 2022

Because many of them, particularly in the two-wheeler space, lack access to some financial services, being contractors is disadvantageous. Some gig platforms have tried to embed financial services into their systems, but they are limited. The fintech raised an $800,000 pre-seed round in 2020.

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TechCrunch

JANUARY 13, 2023

Realizing emerging opportunities, Xetova , a Kenyan startup, is deploying technologies that make information on market opportunities accessible to traders. We are building a trust network that, for example, allows a company in Kenya to know who to work with in a country like Nigeria, South Africa.

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Beneblog: Technology Meets Society

JUNE 23, 2010

with print disabilities, with more than 70,000 copyrighted works in our library, the majority of which have been created under the US copyright exception by volunteers, mainly people with disabilities themselves, helping each other. • We now have global permissions for around 8,000 copyrighted books out of our 70,000. •

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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

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 28, 2022

Bolt , the Estonian mobility tech company that recently closed a huge round , is planning to onboard an additional 200,000 drivers in Africa this year, as it kicks-off expansion to more cities within its existing markets while keeping up with the growing demand for e-hailing services across the continent. Image Credits: Bolt.

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TechCrunch

FEBRUARY 24, 2021

In Africa, a handful of startups have launched in the past three years to provide such services. Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment.

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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

JANUARY 17, 2022

Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which research says 85% of African small and medium businesses are subject to, are the main culprits of cash flow issues. That threw me into solving those problems with Float.”.

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TechCrunch

FEBRUARY 22, 2022

Founded in South Africa, Clickatell is headquartered in California, with offices in Nigeria and Canada. On its platform, consumers can connect with brands via SMS and USSD (in Nigeria) and WhatsApp (in South Africa) to find goods and services, make purchases, track orders, and resolve issues with a text or chat.

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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

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. FloatPays (South Africa). Here’s the list of African startups that made it to YC S21 in alphabetical order.

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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. Now, Doktor.se

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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

MAY 4, 2022

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. 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. The continent is also home to more than 1.2

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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

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

MARCH 7, 2022

Instead, its wallet allows users to access a plethora of services they can’t find on their traditional provider. The funding will help the Techstars-backed company expand to new markets such as Tanzania and South Africa, get the licenses needed to operate there, build out its team, invest in technology and launch new features.

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TechCrunch

FEBRUARY 5, 2021

Djamo , a financial super app for consumers in Francophone Africa, is the first startup from Ivory Coast to get backing from Y Combinator. While there has been a huge profusion of financial services that have emerged in recent years in Africa, Djamo’s mission is to try to plug one specific and a very underserved gap in Francophone Africa.

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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

DECEMBER 8, 2021

A few years ago, at the start of the fintech services boom in Africa, Oliver Blantern got an opportunity to work in the continent offering advisory services to high-growth startups. On Impact Rooms, startups also get access to a diverse range of services, including legal and marketing support, from the platform’s other partners.

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TechCrunch

OCTOBER 3, 2022

Talk360’s payment platform will integrate “all payment options” in the continent — creating a diverse pool of localized payment options, making it easy for international and local businesses to sell to buyers residing in Africa. South Africa’s Talk360 raises $4M to build single payment platform for Africa.

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TechCrunch

JUNE 30, 2022

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. Retailers on the Aspira platform, like most African businesses, struggled with cash flow problems and lacked access to affordable credit to grow their businesses.

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TechCrunch

JANUARY 4, 2022

It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. . Mobile money success across the continent is likely due to ease in access brought by advancements in telecommunications technology.

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TechCrunch

MARCH 29, 2022

Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised. And so, what we are building is inspired by real experiences,” said Kiptum. origination fee.

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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. Zimnat was able to retain its customers by offering custom-made services to those who would have otherwise discontinued. Our vision is to make AI accessible to everyone.”. Photo Credits : Zindi.

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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

DECEMBER 8, 2021

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. About 175 credit unions are licensed in Kenya to serve nearly 4.1

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The Verge

OCTOBER 28, 2020

The service will launch alongside the console in the US on November 12th, and it’ll offer PS5 owners over a dozen classic PS4 titles. The titles will be available for PS Plus subscribers at no additional cost, and they’ll remain accessible for as long as a subscription is active.

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TechCrunch

AUGUST 4, 2021

Africa’s insurance sector is worth more than $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. The company says it employs artificial intelligence to create new processes and experiences for its customers.

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