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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
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.
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.
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.
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.
.” 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.
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! .
The company also just closed on $14 million in funding to expand its business across Africa. While pursuing a business degree at NYU Ibrahim met Nichols, who had been working on large-scale solar projects in the U.S., But growing up, Ibrahim was told stories about East Africa. at an event for budding entrepreneurs in New York.
A short competition also enabled participants to put what they learnt to practical use by conceptualizing business plans. The platform has been rolled out to 54 African countries and will support the gathering, access, management and analysis of quality data from African countries.
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