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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

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.

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YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

TechCrunch

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.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

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.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

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.

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This YC Summer batch features the largest group of African startups yet

TechCrunch

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).

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Fidelity, Visa and Kingsway back South African fintech JUMO in $120M round

TechCrunch

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.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

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

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