TechCrunch

JULY 13, 2022

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. The company, which operated a stealth launch two years prior in Senegal, has since raised over $290 million in equity and debt capital funding to date. Germany, Nigeria and the U.K.

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TechCrunch

SEPTEMBER 7, 2021

and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. ” In 2018, the product was piloted as Wave in Senegal but it was still within the Sendwave ecosystem. In June, the telecom operator stopped users in Senegal from purchasing Orange airtime via Wave’s mobile application.

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TechCrunch

SEPTEMBER 21, 2022

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 digitize business payments in Francophone Africa. million monthly.

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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. PawaPay , a U.K.-based based and Africa-focused payments company, is one of the few tackling these complexities.

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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

MARCH 15, 2021

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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TechCrunch

JUNE 9, 2022

It raised $850,000 seed in October 2020. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. On the other end, it also works with business clients that use a study now, pay later plan for their employees. This brings GOMYCODE’s total financing to $8.85

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TechCrunch

DECEMBER 20, 2021

At a time when the global economy has been under pressure, Taptap Send saw business grow eight-fold, the company said. The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year).

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TechCrunch

APRIL 28, 2023

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.

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TechCrunch

MAY 3, 2022

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. Reports say African startups raised record-smashing $4.3B

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TechCrunch

APRIL 20, 2023

Don’t worry, this is a Primo tool : Also by Romain , French startup Primo raised $3.4 raised $20 million to scale robot deliveries for pilot customers, reports Brian. From hospitality to fleet management : Two brothers in Senegal are putting their hospitality management skills to work helping trucking companies with their logistics.

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TechCrunch

DECEMBER 4, 2020

Armed with a new financing model and purpose-built small solar-powered generators and water pumps, Nichols and Ibrahim have already built a network of customers using their equipment to increase incomes by anywhere from five to 10 times their previous levels by growing higher-value cash crops, cultivating more land and raising more livestock.

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TechCrunch

FEBRUARY 28, 2022

The second is that companies YC backed four to five years ago, after raising a series of venture capital rounds, are now commanding huge valuations that they didn’t have in 2018. According to her, when one or two YC-backed companies in a region begin to scale while raising huge amounts of capital, it inspires other founders to apply to YC.

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TechCrunch

SEPTEMBER 7, 2022

Swizerland, India, Nigeria, Senegal and other geographies. There’s Anchor, a remote banking-as-a-service platform that has already raised over $1 million for its platform, Bridgecard , a card issuer for Nigeria, and erad , a non-dilutive funding platform for Middle East startups. just to name a few examples from the latest batch.

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The Verge

OCTOBER 23, 2020

A year after YouTubers launched a campaign to raise enough money to plant 20 million trees, the campaign is in a critical phase: planting the trees and ensuring their survival. By December, they had surpassed their goal of raising $20 million dollars, enough to plant 20 million trees. Image: Arbor Day Foundation. million planted.

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TechCrunch

NOVEMBER 21, 2022

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. Fintechs like us that have boards with much information and oversight even find it hard to raise money. ” The repercussions for FTX’s meltdown are severe.

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TechCrunch

APRIL 12, 2021

Appzone, having built both banking and fintech layers, wants to connect individuals and businesses to their services. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Before now, Appzone closed a $2 million round from South African Business Connexion (BCX) in 2014.

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TechCrunch

JULY 6, 2022

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.

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TechCrunch

OCTOBER 7, 2021

To that end, Ejara , a one-year-old company founded by Nelly Chatue-Diop, has raised $2 million to pioneer the usage of crypto and investment services in the region. Talking about the users, Chatue-Diop classifies them into two groups: the majority who buy crypto to save for future plans and business owners who make frequent transactions.

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TechCrunch

MAY 30, 2022

These challenges befall millions of micro-retailers across the continent, and Betastore , a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. Betastore has to date raised $3 million in funding. MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.

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TechCrunch

AUGUST 18, 2022

The power grid supply in Africa is erratic and inconsistent, affecting rural and urban households and businesses. For restaurants or neighborhood stores dealing with perishables, frozen foods and beverages, having intermittent electricity inhibits the growth of their businesses. Koolboks has raised $3.5 million in seed funding.

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TechCrunch

JUNE 29, 2022

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

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Bloomerang

APRIL 2, 2021

Peace Corps in Senegal in West Africa. And it’s a huge driver of online fundraising, and also just awareness raising. So during Suicide Prevention Month, there was a campaign called Seize the Awkward, and they ran a three-day Twitch event to raise awareness and raise funds, where people on Twitch that were doing live streams.

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