This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators.
Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software. Other prominent use cases include AML checks, customer onboarding and fraud prevention.
The company, which facilitates B2B payments for businesses in Francophone West Africa, mainly via mobile money channels, has raised a total of $7 million in the financing round. . Ivorian fintech Julaya raises $2M to digitizebusiness payments in Francophone Africa. million monthly.
In an interview with TechCrunch, CEO Onayemi, a lawyer by profession, said the idea for Norebase came after various conversations on how his clients and colleagues in tech could leverage AfCFTA for their businesses. It allows founders and businesses to start and scale across several African countries at once or periodically.
However, the recent entry into Ivory Coast and Senegal somewhat forced its hand. Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers.
It is nearly impossible for businesses in some African countries to receive money from PayPal. Via this partnership, African businesses can connect with the more than 377 million PayPal accounts globally and overcome the challenges presented by the highly fragmented and complex payment and banking infrastructure on the continent.
While traditionally busy markets like North America and Europe benefited from the explosion in capital, other regions with more nascent startup scenes also saw big gains in their ability to attract funding. Chargel, based in Senegal, recently raised $2.5 The recent, and now past, venture capital boom was a global affair.
So far, we’ve touched on two layers of this ecosystem — the digital core banking service providing software that runs financial institutions’ entire operations and interbank processing, which integrates these institutions into a decentralized network powered by blockchain. Nigeria is becoming Africa’s unofficial tech capital.
Ejara has more than 8,000 users from Cameroon, Ivory Coast, Burkina Faso, Mali, Guinea and Senegal, as well as French-speaking Africans in the diaspora (Europe, Asia and the U.S.), Yet, the company plans to also diversify into providing other assets, including fractional shares, stocks and commodities. .
Briter Bridges, for instance, avoids using geography to define an African startup due to factors contributing to business identities like taxation, customers, IP and management team. Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. In 2021, Nigeria retained the first spot ($1.8
Companies from all sectors are welcome – but they must have business experience, be registered in a European country and active in two European countries, and have a solid financial foundation and regular income,” said KfW. We are going to help them to reinvent the way they operate their businesses (to enter African markets).”.
.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.
million visits every month, with the car category accounting for 50% of the business transactions happening on the site. Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands.
Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Agriculture insurance has traditionally relied on farm business. In the U.S. Pula co-founders and Co-CEOs (Rose Goslinga and Thomas Njeru).
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. The company takes the technical integrations from telecom operators like AirtelTigo, Econet, MTN, Safaricom, Orange and Vodafone and collapses them into one API for businesses.
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. It offers over 30 learning tracks ranging from web development to digital marketing and data science to artificial intelligence. One of its investors from the seed round, Wamda Capital, doubled down in this new financing.
In February 2020, as the world was shutting down, and as businesses downsized on account of the Covid pandemic, John Kamara was busy establishing another new startup Adanian Labs in Nairobi, Kenya’s capital. It may have been a tough period to build a business but they sailed through with their mission. “We
It’s also worth emphasizing that FTX’s business in Africa was not just another attempt to add to the platform’s overall volume; it was instead an area of focus for the company. It’s crazy — it’s the last thing anybody expected.” ” The repercussions for FTX’s meltdown are severe.
Swizerland, India, Nigeria, Senegal and other geographies. The three companies are founded by a Nigerian port operations manager, an Airbnb superhost and a LatAm-focused digital banking exec, respectively, showcasing the deeply focused approach of these founders on more niche segments of the market where they have prior experience.
Viola Vaughn "A group of failing schoolchildren in Kaolack, Senegal, once asked Viola Vaughn to help them pass their classes. Today, her 10,000 Girls program is helping girls succeed in school and learn business skills." ** Related blog posts • Vote for Ethiopia Reads' Yohannes Gebregeorgis as CNN's hero of the year from The Latest Word.
Peace Corps in Senegal in West Africa. So we’ll talk about the trends, I’ll give you a framework that you can use over and over again to evaluate and assess whether or not a shiny new platform is right for you, some ideas for some social media content, and then some digital tools that you can use going forward.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content