TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.

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TechCrunch

MARCH 1, 2022

Previous backers such as the CDC Group and LGT Lightrock took part in this round alongside LocalGlobe’s Latitude Fund and HEPCO Capital Management. M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda.

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TechCrunch

FEBRUARY 13, 2023

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.

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TechCrunch

MAY 4, 2022

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. Trade has the least startup activity in a market that received $5 billion in VC funding last year.

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TechCrunch

JANUARY 24, 2021

This new Series A round was led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth. Also looking at scalability of the business model of being an OEM, it’s kind of […] linear.” ” UPS partners with Wingcopter to develop new multipurpose drone delivery fleet.

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The Next Web

OCTOBER 15, 2012

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.

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TechCrunch

NOVEMBER 1, 2021

This funding comes after the company’s $30 million Series B round — $23.75 So that’s what we’re evolving into as a business,” CEO Peter Njonjo said to TechCrunch in an interview. The funding will be used to test the concept out. First-time investors OP Finnfund Global and Endeavor Catalyst Fund participated as well. “We

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TechCrunch

MARCH 20, 2023

They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. With this new financing, Credable plans to launch four more products this year and partner with businesses in these countries. million seed round. So far, over 1.2

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TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. When Zola Electric was launched in 2011 by Erica Mackey, Xavier Helgesen and Joshua Pierce, the company provided solar home solutions to off-grid rural communities in Tanzania.

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TechCrunch

JANUARY 27, 2022

to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U., and the U.S.

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman, a senior managing director at Bain Capital and Hans den Bieman, founder and ex-CEO of Mowi, one of the largest salmon businesses globally.

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TechCrunch

APRIL 27, 2022

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.

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TechCrunch

MARCH 7, 2022

They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Dash’s alternative payment network brings together this mobile money and traditional banks and facilitates transactions for consumers and businesses. Africa has it different.

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TechCrunch

NOVEMBER 3, 2022

r Internationale Zusammenarbeit (GIZ) will train managers of leading accelerators in Africa over the next two years, to help them establish sustainable business models that commandeer greater influence in their ecosystems. Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r

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TechCrunch

JANUARY 26, 2022

The startup, currently with operations in Nigeria, Tanzania and India (Uttar Pradesh and Bihar), has set an ambitious goal of installing at least 5,000 mini-grids by 2030 and in the process make 1 million connections – half of which will be micro, small and medium-sized enterprises. Image Credits: Husk Power Systems.

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TechCrunch

MAY 14, 2023

Figorr (previously Gricd ) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products, helping entrepreneurs to cut the losses that emerge from lack of such visibility. The expansion is driven by a successful $1.5

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TechCrunch

NOVEMBER 22, 2022

In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. A SaaS provider for businesses, logistics providers and marketplaces.

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Africa Raise Tanzania Ghana 97

TechCrunch

DECEMBER 5, 2021

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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TechCrunch

MARCH 8, 2022

As managing partner at Class 5 Global, a San-Fransisco venture fund that has backed startups like Careem and Meliuz, Oudjidane was central to the VC’s efforts in assessing investment opportunities across emerging markets. We think the right way to build a business is to go after the largest opportunity first. So why Sudan? “We

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. We do buy now, pay later to our merchants and it’s a significant part of our business.

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TechCrunch

AUGUST 29, 2022

In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding.

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TechCrunch

DECEMBER 8, 2021

In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year. The startup, founded in 2019, is helping businesses to automate the disbursement of salaries and other statutory remittances including taxes and pension. Its platform currently supports 400 businesses.

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It also plans to provide longer-term lending options for merchants and bigger businesses.

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TechCrunch

APRIL 16, 2021

In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. . In March of 2021, the company had $120,000 in MRR.

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TechCrunch

AUGUST 26, 2021

The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for businesses that need it. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital.

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TechCrunch

AUGUST 11, 2022

In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . Sources also implied that Marketforce might be struggling with its business as suppliers have begun pulling out.

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TechCrunch

FEBRUARY 21, 2022

MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. This latest round (equal amount of debt and equity) brings the total funds raised by MarketForce to date to $42.5

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TechCrunch

JUNE 8, 2022

Other investors in the round include Slack Fund and Cleveland Avenue , with Mike Gamson , Sterling Road , and Concrete Rose Capital as repeat investors. With the new funding, Five to Nine plans to expand its engineering teams, create new products, and increase hiring. “What we’re doing is super needed in the market.”

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TechCrunch

NOVEMBER 1, 2021

The company’s total Series C stands at $250 million but its total funding to date is over $305 million. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. Chipper Cash has also been busy tapping into the world of social payments. stocks to Ugandans).

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TechCrunch

JUNE 8, 2022

Other investors in the round include Slack Fund and Cleveland Avenue , with Mike Gamson , Sterling Road and Concrete Rose Capital as repeat investors. With the new funding, Five to Nine plans to expand its engineering teams, create new products and increase hiring. “What we’re doing is super needed in the market.”

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TechCrunch

JANUARY 25, 2021

Agriculture insurance has traditionally relied on farm business. Social enterprises like One Acre Fund, startups like Apollo Agriculture, and agribusiness giants like Flour Mills and Export Trading Group are also among Pula’s clients. “With our latest funding, now is the time to break into new ground. In the U.S.

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TechCrunch

MAY 4, 2022

million in pre-seed funding. According to a statement, the company seeks to “disrupt traditional centralized credit infrastructure by providing individuals, businesses and developers with the tools to access credit” via blockchain technology. ” . .

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TechCrunch

DECEMBER 4, 2020

The company also just closed on $14 million in funding to expand its business across Africa. His father was born in Tanzania and his mother grew up in Kenya and they eventually found their way to the U.S. While pursuing a business degree at NYU Ibrahim met Nichols, who had been working on large-scale solar projects in the U.S.,

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TechCrunch

MAY 18, 2021

Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. For example, Helios focuses on African companies and Thunes used part of its funding from the firm to build teams in Kenya, Tanzania, Zimbabwe and Ethiopia. Other investors include GGV Capital and Checkout.com.

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TechCrunch

OCTOBER 27, 2021

It also plans to launch e-mobility options for food delivery in its other markets across East Africa, including Uganda and Tanzania. . Sequoia Capital, Tekne Capital, and Ghisallo, G Squared, D1 Capital, and Naya Capital are some of the investors that participated in the funding round that increased its valuation to €4 billion.

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TechCrunch

JUNE 7, 2022

Klasha has a suite of business- and consumer-facing products connected via one API. KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros.

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TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.

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