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Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment. “The more we grow, the more we have funding.
In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. So far, its tech caters to distribution and claims automation.
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 Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding.
The highlight of third day was a VIP Lunch with project sponsors, implementation team, and remote participation via skype from members of the In-Country teams in Jordan and Morocco. Widad El Hanafi, Country Director in Morocco gave an overview of the challenges faced by NGOS in her country and social media use.
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Like when its partnership with Worldpay FIS coincided with its Series B funding, this announcement is also coming on the back of a raise.
African startups nearly raised $1.5 As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. It wasn’t a bad year, though.
Yassir, an Algerian startup that provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30 million Series A round. This gives us an edge over them as we build the network, the channels and the trust that are all key ingredients for the adoption of payment services at large scale.”. After earning a Ph.D.
The Morocco Team discussed how Youth Without Borders is a networked network and the Yemen Team pointed out how the Youth Leadership Development Foundation is one as well. We discussed ways to initiate organizational change to be more open to social media adoption in the context of training and coaching. What is in it for us?
Nigeria’s YC-backed Remedial Health raises $4.4M As the adoption of telehealth continues, Ponea targets to grow its customer base by 500,000 in the next three years, and establish a presence in four other markets including South Africa, Nigeria, Egypt and Morocco. “We seed funding. To date, Ponea has attracted $4.3
Publicly, Fenix has only raised $5 million, most, if not all, of which probably went toward the company’s purchase of Turkish e-scooter operator Palm. Dhanoa says Fenix has raised more money that it hasn’t yet announced to help it scale and expand. Fenix launches ride-hailing service in Bahrain. Image Credits: Fenix.
E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. I shared some of stories of how I got started and my experience in social fundraising to help raise money for the Sharing Foundation. I also spoke about content curation and some best practices for social media measurement.
In the coming decades, Africa will be a significant growth market for mobile games, driven by the proliferation of technology adoption among the continent’s youthful population. African gaming startup Carry1st raises $27M from Bitkraft Ventures and a16z by Tage Kene-Okafor originally published on TechCrunch.
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