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at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D.
billion B2C communications market estimated to grow 6% annually , Termii runs a B2B2C model. While a subscription-based model would’ve made sense, the two years spent by the company trying to find PMF made them think otherwise. Nigerian founders-turned-investors are now running syndicate funds. Playing in a $3.6
Yassir , an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. . The African startup, first launched in Algeria, has now raised $193.25
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. This brings GOMYCODE’s total financing to $8.85
A plan to replicate the model of Grab and Gojek in Southeast Asia saw Gozem expand its transport verticals to include taxi and tricycle services across multiple cities in Togo and Benin. Then the company launched an asset financing option for its drivers, employing a lease-to-own model for vehicles and associated equipment.
That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The Maghreb market is new territory for MaxAB and the acquisition positions it as the most funded and largest B2B e-commerce platform for retailers and suppliers. “I love the team.
” Using a webinar and conference call platform, we were able to bring in participants from San Francisco, Rwanda, Kenya, Algeria, Tunisia, and Egypt. She shared Akili Dada’s model and impact for developing high-potential young women from underprivileged families who are passionate about social change.
In South Africa, Bolt has a similar arrangement with FlexClub, a vehicle subscriptions marketplace, that allows drivers to get into the taxi business through a lease-to-own financing model. One of the models of partnership that we’re really expanding this year is around vehicle financing. Image Credits: Bolt.
ChatGPT was recently super-charged by GPT-4 , the latest language-writing model from OpenAI’s labs. Paying ChatGPT users have access to GPT-4, which can write more naturally and fluently than the model that previously powered ChatGPT. Turbo through the company’s API can make the model better follow specific instructions.
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