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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

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.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

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.

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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

The proptech marketing platform is announcing that it has raised $4.5 Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards. million in pre-Series A funding.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a year marred by the coronavirus pandemic, it seems that early-stage startups on the African continent are continuing to see some notable growth, both in terms of their business and from investors looking to back them. . Though, just eight of those companies got investments. The introductory batch was all Nigerian.

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

But a s the company continued to grow, it became apparent that the product had use cases for small businesses. In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou. MFS has made a series of acquisitions and investments this past year.

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

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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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

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