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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

TechCrunch

It’s why Julaya launched its services in the west African country and has since expanded into Senegal, where mobile market penetration is around 80% as well as other countries in the UEMOA (West African Economic and Monetary Union) region, which also have prevalent mobile money usage. .

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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. And according to its website, only 12 African countries can send and receive money on the platform, but to varying degrees.

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Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year

TechCrunch

In a past interview with TechCrunch, Jumia attributed the shift in shopping habits to the stay-at-home restrictions that fueled the need for online shopping as well as the youthful population that is quick to adopt new trends and the increasing smartphone and internet penetration across the continent.

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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

TechCrunch

“And the way we’re looking at the continent, we’re looking at adoption rates for mobile money growing at an insane speed. ” Image Credits: PawaPay. Last year, West Africa recorded 198 million mobile money accounts compared to East Africa’s 293 million.

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Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

TechCrunch

Asked if Chari will adopt an inventory-heavy model later, the CEO said it’s unlikely. What lies ahead for Chari following this seed round is moving into Francophone Africa; Cameroon, Ivory Coast, Mauritania and Senegal top that list. Image Credits: Chari. Unlike MaxAB, Chari doesn’t own assets; rather, it rents them.

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FTX processed billions monthly in Africa before going bust

TechCrunch

For the past two years, FTX built a considerable following among the crypto community in Africa by capitalizing on the continent’s unstable banking access and rapid adoption of cryptocurrency (mostly via remittance use cases). African web3 startup Nestcoin declares it held its assets in FTX, lays off employees.

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2012 Nonprofit Technology Year in Review

Tech Soup

We also found that here are barriers to deep cloud adoption among NGOs. Our survey found that lack of knowledge is the biggest barrier to additional cloud adoption, cited by 86 percent of the global respondents. Smartphone adoption in Africa is expected to roughly double in each of the next three years.