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. Since the company’s Series A raise of $2.5

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TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. The company, based in South Africa, has raised $3 million in seed funding to scale outside Africa and build the infrastructure for the digital insurance economy. Germany and France might be at the top of the list.

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TechCrunch

JANUARY 19, 2022

This is a16z’s first investment in an Africa-headquartered company (the firm has previously invested in Branch and Zipline, companies with some of its operations in Africa but headquartered in the U.S). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa Investment Fund.

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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

JANUARY 20, 2021

million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Similar to many edtech startups, uLesson has benefited from the overnight adoption of remote education. Owl Ventures’ new pair of funds gives edtech a $585 million boost.

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TechCrunch

JANUARY 28, 2022

Paddy Partridge, Africa regional director, Bolt Ride Hailing. Partridge said that Bolt already has vehicle-financing partnerships with banks in markets like Kenya, Nigeria and South Africa, and its planning to form additional collaborations, and explore the expansion of the current ones to reach more markets and drivers.

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TechCrunch

JUNE 8, 2022

The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. New York-based Endeavor is a global community of “high-impact” founders across almost 40 underserved markets in Africa, Asia, Europe, Latin America and the Middle East. Southeast Asia and Europe.

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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. Rising African venture investment powers fintech, clean tech bets in 2020.

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TechCrunch

AUGUST 17, 2021

Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. When the founders, Brendan Playford and Cate Rung, last spoke with TechCrunch, Pngme was heading out of stealth mode in Nigeria, Kenya and South Africa. African startups join global funding boom as fintech shines.

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TechCrunch

JANUARY 17, 2022

Other institutional investors include Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, and angel investors such as Buycoins’ Ire Aderinokun, Jesse Ovia and Ademola Adesina. Last year, 80% of the U.S.

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TechCrunch

MARCH 15, 2021

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Next , they request the funds via bank transfer, leading to more incurred costs or use other cross-border money platforms like WorldRemit.

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TechCrunch

NOVEMBER 15, 2021

million in seed funding at a valuation of $50 million. Kassim said the company is conducting tests with merchants in Nigeria and South Africa and expects to launch both markets in the near future. . But in other markets where there is some currency fluctuation, say, in South Africa, Nomod applies some FX cost.

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TechCrunch

DECEMBER 9, 2021

In this case, uLesson adopts a diversified method of charging schools and their stakeholders. The platform is available in other markets, such as South Africa, Sierra Leone, the UK, Liberia, Gambia and the US, but Shagaya said uLesson has spread in these countries via word of mouth.

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TechCrunch

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets.

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TechCrunch

JULY 13, 2022

His win came when the global appetite for Amapiano, a style of house music that emerged in South Africa , and Afrobeats, a popular music genre that originated from Western Africa , had increased exponentially. From individual checks to launching funds. Europe and globally. .

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TechCrunch

JULY 28, 2022

Qwili , a startup that provides a hybrid sales product to micro and small merchants in South Africa, has raised $1.2 million in seed funding a year after closing an undisclosed pre-seed round. During those early stages, the phone wasn’t paying back quickly enough, and there wasn’t high enough adoption of the digital services.

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TechCrunch

SEPTEMBER 22, 2022

Australia, South Africa and India, with plans to add more markets next month. Part of the funding will be used for product development and Binocs’ go-to-market teams for retail and institutional investors. Binocs is currently tax compliant in the U.S., Binocs can provides tax report in less than 30 minutes.

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TechCrunch

OCTOBER 10, 2022

million of funding led by Germin8 Ventures and iSelect Fund. Additionally, AgriWebb has partnerships in Brazil and South Africa, Webb said. AgriWebb has always been about serving the farmers, and this round of funding doesn’t change our mission; it simply magnifies it.”. million since its inception in 2014.

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TechCrunch

JANUARY 6, 2022

That’s the drive for South Africa-based health tech startup HealthLeap , which focuses on a global healthcare market starting from the U.S. And with the pandemic massively accelerating healthcare professionals’ adoption rates of digital tools, HealthLeap is poised to capture a significant market share with its software.

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TechCrunch

FEBRUARY 15, 2022

They’re very technologically advanced, and their adoption of ecommerce is quite good. In terms of maturity within the tech ecosystem, Nigeria is probably one of the best markets in Africa, competing directly with Egypt, South Africa and a couple of others,” said El-Said. It’s quite the right market.

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TechCrunch

SEPTEMBER 23, 2022

seed funding. The uptake comes as telehealth is said to bridge the healthcare access gap in Africa, the continent that suffers the highest disease burden in the world and the lowest patient-to-doctor ratio. Uganda’s Rocket Health raises $5M to scale telemedicine across Africa. To date, Ponea has attracted $4.3

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TechCrunch

NOVEMBER 29, 2022

million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Futi said Orda has witnessed tremendous adoption among small restaurants in its two markets, Nigeria and Kenya, and claims the startup might have reached product-market fit already. million seed investment.

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TechCrunch

DECEMBER 14, 2021

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

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Amy Sample Ward

FEBRUARY 19, 2011

Since then, the platform (which is open source ) has been modified for use in South Africa (mapping xenophobic violence), DR Congo , Vote Report India (to monitor the recent local elections) and more. This proved to the Ushahidi team that their tool would be valuable to communities around the world.

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TechCrunch

SEPTEMBER 21, 2022

The card payment industry, except for South Africa, maybe Nigeria and a little bit in Egypt, is a developing one and while you might be able to grow a business on that, it’s almost impossible in our region [Francophone Africa].”. European venture capital fund Speedinvest led Julaya’s pre-Series A extension round.

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TechCrunch

AUGUST 28, 2022

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Rowe Price reduced the value of its stake in Stripe, part of its Global Technology Fund, the latest reduction in its worth is not unique. Fundings and M&A. Seen on TechCrunch.

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. billion for its Private Investment Partners 14 fund. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. Until Flutterwave.

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Fast Company Tech

MARCH 18, 2025

purchased and rehabbed an abandoned railway station and 18-story tower, restoring a decrepit shell to its original Art Deco sheen , while an unused book depository reopened as a startup hub, Newlab , which attracted more than 100 startups and over $700 million in funding in just over a year after its 2023 opening. Ford Motor Co.

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TechCrunch

MAY 7, 2023

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. We also wrote about Tellus, a startup that raised $16 million in an Andreessen Horowitz–led seed round of funding last year that is now being scrutinized by the U.S. government.

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TechCrunch

MARCH 15, 2022

Reports indicate they secured 83% more funding than the previous year, primarily attributed to the record-setting $329 billion U.S. But according to data from PitchBook, less than 2% of VC funding went to all-women-founded teams in 2021. Today, more VC firms are willing to speak with us, but that doesn’t guarantee additional funding.

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TechCrunch

NOVEMBER 2, 2021

million in grants in a round led by Silicon Valley fund At One Ventures, backed by Factor[e] Ventures and pan-African VC firm Ambo Ventures. In addition to Kenya, the company’s other clients are spread out in Nigeria, Sierra Leone, Ghana, Uganda, Democratic Republic of Congo and South Africa. . million in pre series A round.

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TechCrunch

DECEMBER 1, 2021

South African tech talent marketplace OfferZen is one of the beneficiaries of the growing global demand for tech workers: It confirmed to TechCrunch that it has raised €4.5 million) in Series A funding from South African investment company Base Capital. million ($5.07 and Germany, which are prominent hubs for global talent.

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TechCrunch

JUNE 29, 2022

New report examines Africa’s growth in the digital economy and VC investment landscape. The idea to build Adanian Labs, was conceived in 2018, when Kamara was living and working in Cape Town, South Africa, where he witnessed the fast growth of the startup ecosystem, and how, in most countries, accelerators were the default launch pads.

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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

JUNE 30, 2022

Some deals include $300 million direct equity in DP World, $75 million direct debt in Stanbic IBTC Bank, $100 million in Standard Chartered, a $20 million investment in Verod Cap, and a $15 million investment in the TLcom TIDE Africa Fund. billion and £2 billion yearly from 2022 and 2026 in “Africa, parts of Asia and the Caribbean.”

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TechCrunch

DECEMBER 1, 2021

Costamagna, in a statement, said the funding will help Gozem increase the figure to over 200,000 before 2025. It’s a model other super app companies across Africa have adopted in the past, such as Nigeria’s OPay (which has since shelved its super app plans to strengthen its financial services arm) and SafeBoda more recently.

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TechCrunch

FEBRUARY 21, 2022

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.

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