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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

So the company leverages a virtual wallet system tied to a bank account and customers can make payments to the platform using mobile money, bank transfer, and credit cards. Emmanuel says the company has its sights on North Africa with a physical presence in Algeria for the expansion.

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Yassir pulls in $150M for its super app, led by BOND

TechCrunch

The African startup, first launched in Algeria, has now raised $193.25 When CEO Noureddine Tayebi started Yassir, the plan was to build a super app that included services people — in the French-speaking Maghreb region consisting of Algeria, Morocco and Tunisia — had little or no access to on one platform.

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

TechCrunch

Across sub-Saharan Africa 303 million people, about 28% of the population, are connected to the mobile internet, according to the 2021 GSMA mobile economy report , and this number is expected to rise to 40% in three years’ time.

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Francophone African super app Gozem grabs $5M to expand and offer more services

TechCrunch

The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). This way, individual users can exchange cash for mobile money via the Gozem app. “

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4 keys to international expansion

TechCrunch

After an initial success helping Groupon scale internationally via a merger with Rocket’s incubation firm CityDeal, Rocket’s team have aggressively scaled businesses from Algeria to Zimbabwe — sometimes in a matter of weeks. Some companies are global by default — think mobile gaming companies — or simply require language localization.

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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. Since the company’s expansion to Africa , it has maintained a one-sided relationship with most countries on the continent, allowing them only to send money.

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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

” While the acquisition signals MaxAB’s move into Morocco, it also shows the company’s entry into the Maghreb markets — Algeria, Libya, Mauritania, Morocco and Tunisia, where there’s little or no contest. And we figured out that they’re already a perfect fit for that.”