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A far cry from Nigeria and South Africa’s bubbling tech ecosystem, Zambia has a relatively quiet startup and venture capital scene; therefore, Tiger Global’s participation in Union54’s seed round is a massive win for the southern African nation. Mlambo touts Zambia as a solid place to carry out business.
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 Last year saw venture capital firms and institutional investors scramble to back newly formed and existing business-to-business e-commerce retail startups. million financing round.
Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. ” There are questions on whether Africa’s market needs another card scheme, considering how merchants have run their businesses with the two dominant players all these years. ARC2022 is coming soon with plenty of announcements.
Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 And o n the platform lets businesses control and program cards to their taste , build their features, and securely integrate with other services. . Union54, despite being based in Zambia, has customers across Africa.
Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Managers of delivery businesses handle hundreds or thousands of delivery points every day. Some have established businesses in both these regions and also in Africa. Union54 (Zambia).
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.
So we decided to build a business that does exactly that, that helps people save money in the stable currency and spend as they go in local currencies,” Ismail, the company’s chief executive, told TechCrunch on a call. We think the right way to build a business is to go after the largest opportunity first. So why Sudan? “We
Still, the ride of running a business thrilled her, and she helped with accounting and payroll. Later, she would study accounting and business at the University of Notre Dame, where she met Umubyeyi. In the end, she realized creating a business could have the same effect. After moving to the U.S.
Part of the funding will be used to expand the business’ presence. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year. The company was founded in 2007 by T. Patrick Walsh (CEO) and Anish Thakkar.
A teacher at a rural Zambian school explains how cattle NFTs, irrigation, and the Dandelion Network power a new future for farming. Continue reading on Medium
Still, the ride of running a business thrilled her, and she helped with accounting and payroll. Later, she would study accounting and business at the University of Notre Dame, where she met Umubyeyi. In the end, she realized creating a business could have the same effect. After moving to the U.S.
In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. Akinin says what differentiates his startup from others is how it is creating a supper and much broadly an ecosystem for small businesses rather than just a marketplace. CEO David Akinin said that number has increased by 50%.
The trained lawyer did all this while running the Africa Payments Club, a platform that brought together a pool of founders, experts and investors in the tech space to connect and address common business challenges as well as to scout for opportunities in Africa.
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.
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.
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. . But as a sign of how the market is firming up, that changed last year and now the firm invests $25,000 for 7% equity.
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 Africa-wide Growth.
Agriculture insurance has traditionally relied on farm business. They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. In the U.S. or Europe with typically large farms, an average insurance premium is $1,000. million farmers.
At a time when the global economy has been under pressure, Taptap Send saw business grow eight-fold, the company said. The Series B is being led by Spark Capital, with participation also from Unbound, Reid Hoffman and Canaan Partners (both of which led its previous round, a $13.4
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.
He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. But a s the company continued to grow, it became apparent that the product had use cases for small businesses. MFS has made a series of acquisitions and investments this past year.
But with Abraaj as its largest shareholder, the business had to resize once there wasn’t any more capital available for growth. Abraaj also grew the pharmacy’s wholesale business, supplied government agencies and health institutions, and expanded to include personalized patient care through home visits. .
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.
With a similarity to the offline grid, Infinity connects to all the loads in a residence or business place and controls them digitally while providing data and analytics in the process. “These are the core differences. The solutions in this part of the world today are backup systems. ” More than 1.5 ” More than 1.5
The Central Bank of Ghana’s (CBG’s) sandbox pilot covered new digital businesses not under any regulation in the country, and new and innovative digital financial service technologies with the potential to address financial and economic inclusion challenges. “We’ve
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda, and Ethiopia, where mPharma has a presence, are set to benefit from the virtual consultations. It is raising more funding to further grow its business across the continent. “We We currently have five centers open.
This goal is achievable for the startup, which has successfully conducted campaigns across multiple markets in Africa including Mauritius, Mozambique, Zambia and Cameroon. “We This is expected to grow to about 40% of the population by 2025, offering a bigger market to internet-based businesses like Wowzi.
Let me illustrate with an example I learned from Zambia: many medicines cannot be found in remote regions of Sub-Saharan Africa because of hard-to-solve bottlenecks in healthcare, such as poor infrastructure and logistics systems. The organization I studied in Zambia worked around them by piggybacking on Coca-Cola’s distribution channels.
Still, unlike well-known guilds whose business models involve taking percentages of profit from its users, his company doesn’t plan to take a cut from its users’ earnings. There are currently no popularized play-to-earn web3 games from Africa and this is because the infrastructure to create them, which is through Guilds, is lacking.
Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. We are sitting on the precipice of a very busy few weeks, so let’s get right to work! Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.
Covina, California: Productivity Tools for Nonprofits and Small Businesses. Burlington, Vermont: Work Life Balance — Integrate Renewal into Your Busy Day. Lusaka, Zambia: Website Building and Designing Using WordPress for Nonprofits. Lusaka, Zambia: Social Media Surgery. Thursday, March 16, 2017. Mukono, Uganda.
That’s why we’re all in this business. And you can leverage that kind of credibility if you have that kind of brand to raise more money because fundamentally, people like to do business with people they like, trust, and know. People like to do business with people they like, trust, and know. Remember that.
We radically transformed the way that we did our business, and designed a process through which the refugees themselves would get all of that experience. He was actually on a business trip, on his bike, to Uganda. We wanted to ultimately empower the refugees as much as we could. It had been bombed. He had no idea where his family went.
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