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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.
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
But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4
The study analyzed a collection of contact tracing apps, which are designed to inform and monitor physical contact between people in the event someone contracts COVID-19, from 11 countries: Algeria, Bahrain, France, Iceland, Israel, Kuwait, Lebanon, Norway, Qatar, Tunisia, and United Arab Emirates.
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.
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. The company subsequently raised a $3 million seed round. MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion.
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.
Gozem , a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. It follows the $7 million raised in previous seed rounds via three tranches from investors such as U.S.
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