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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

TechCrunch

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. Last July, Léopoldie said the fintech was processing more than $1.5

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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.

Africa 139
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Sun King, a provider of solar energy products in Africa and Asia, expands Series D to $330M

TechCrunch

Direct-to-consumer, pay-as-you-go (PAYG) solar distribution networks are offered by businesses like Sun King, enabling households and individuals to get electricity on the cheap. Sun King claims to be profitable and has grown its business by 95% year-over-year since the initial Series D investment nine months ago.

Asia 91
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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

The company was originally a cross-border trade platform for transacting business goods in Africa. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.

Morocco 98
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Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

TechCrunch

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. over 2022-2027.

Africa 86
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4DX Ventures and Flutterwave back Francophone Africa’s CinetPay in $2.4M round

TechCrunch

.” 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.

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Nigerian digital bank Yep! raises $1.5M pre-seed for its ‘financial super app’ play

TechCrunch

Agency banking is big business in Nigeria and sub-Saharan Africa. Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. million in a pre-seed round led by pan-African VC Greenhouse Capital. Image Credits: Yep! .

Digital 96