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South African payments startup Yoco raises $83M Series C backed by Dragoneer

TechCrunch

In South Africa, these businesses contribute around one-third of the country’s GDP. Since launching in 2013, South African fintech Yoco has positioned itself as the go-to platform to access offline payments among merchants in the country. “We want to offer whatever payment methods our merchants need. .

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African edtech startup uLesson lands a $7.5 million Series A

TechCrunch

“It opens up the world for us to do all kinds of really amazing things we’ve wanted to do in the world of edtech that you can’t do in a strictly offline sense,” the founder added. Similar to many edtech startups, uLesson has benefited from the overnight adoption of remote education.

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. . Innovations around mobile money and digital payments have allowed for the processing of payments online and offline through USSD or STK commands, over apps or using NFC technology.

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Nigerian restaurant management platform Orda gets $1.1M, wants to be the Toast of Africa

TechCrunch

While big restaurants and restaurant chains are often capable of setting their management systems or using well-known point-of-sale providers, thousands of smaller restaurants in Africa rely on offline methods such as pen and paper to produce receipts and make reconciliations.

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African edtech startup uLesson raises $15M, backed by Nielsen Ventures and Tencent

TechCrunch

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. In August, uLesson introduced offline centers.

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South African startup Qwili gets $1.2M to scale its app and low-cost NFC-enabled smartphone

TechCrunch

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

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Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

TechCrunch

Offline payment is also a costly option for buyers as it comes with a cash-on-delivery fee. They’re very technologically advanced, and their adoption of ecommerce is quite good. It’s quite the right market. There’s all the infrastructure that you kind of need to set up a proper tech business.

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