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Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash. Africa has it different.
However , it has expanded its pay-as-you-go model to include other needs: smartphones (launched in Kenya two years ago), TVs, refrigerators, solar lighting and digital financial services such as cash loans and health insurance. For Ghana, its newest market, they say it “has grown two times as fast as any of its previous markets.”.
and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019.
Boampong founded the Ghanaian fintech in 2019 and is one of Africa’s well-known serial entrepreneurs after co-launching OMG Digital , a YC-backed Ghanaian media startup, in 2016. Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 Kinyua assumes the role of interim CEO.
The digital bank has seen some success since launching in Nigeria in 2019. Kuda claims to have up to 5 million users, more than thrice the number it had last August during its $55 million Series B round , money it raised to enter into other African countries like Ghana and Uganda this year. Kuda takes digital banking play to the U.K.
From Nigeria, Indicina facilitates lending for individuals and small businesses through AI-powered digital credit infrastructure. Jetstream allows businesses to export goods across borders and access trade financing in Nigeria and Ghana.
million pre-seed funding to enable users grow their revenue streams through digital collectibles. The startup’s marketplace, Ayokenlabs , will feature digital collectibles from musicians, sports brands and influencers from all over the world. Ayoken, an NFT marketplace for creatives, has raised $1.4
The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. in average transaction fees, digital senders like NALA pitch themselves to customers as platforms with the best rates and lowest prices. and the E.U.,
The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. There are various payment gateways facilitating payments for businesses in Africa, like Flutterwave , DPO Group, Yoco , MFS Africa and Paystack. It’s literally a no-brainer.
With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. million in VC funding, has facilitated over 200,000 doctor appointments while enabling healthcare providers to generate approximately $130 million in billings.
Autochek was previously present in Nigeria, Ghana, Kenya, Ivory Coast, Uganda and Morocco. The company earns by charging a fee to dealers listing on its platforms, in addition to a loan facilitation commission from banks. New report examines Africa’s growth in the digital economy and VC investment landscape.
Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Klasha makes revenue via sales commissions and subscriptions merchants pay to use the platform for analytics. Image Credits: Klasha.
Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers. billion and $2.8
This technology allows people to send and receive money, pay for bills and buy data offline, and reports say more than 90% of digital transactions in sub-Saharan Africa are performed on its rails. . Telcos and banks dominate this mass market, providing the tech infrastructure that facilitates these code-based transactions.
We might not wait long as Okra is currently in beta in Kenya and South Africa, and Mono is planning an expansion into Ghana and Kenya before the end of the year. It will be interesting to see how competition and collaboration play out when they expand outside their markets. “Unlike the U.S.
Digital payments gateways, on the other hand , have a unique use case, particularly when they can help people use their basic bank accounts to make payments. At the time, most fintechs and banks did not recognize the need for using bank payments to facilitate online transactions. Ozow is one such player.
We are committed to actively advocating for clear and consistent science-based climate policies that facilitate a just and equitable global transition to a 1.5°C With a digital-first approach, 350.org’s Bentley Motors’ new digital platform is a crucial component of its goal to become a leader of sustainable luxury mobility.
Ghana’s Float initially launched as Brex for Africa but later pivoted to offering the same credit features with more emphasis on software and less on cards; Boya, on the other hand, plans to execute on both fronts using overdrafts. ” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records.
The photographs above were taken on the last day of Blogher, at the Unconference on Sunday morning facilitated by the talented Kaliya Hamlin who blogs about unconferences here. Of course, we pulled out the digital camera because we're experiential learners and started to explore the ideas with hands-on practice. mobile posting.
Tebogo Mokwena , co-founder and CEO, Akiba Digital. My current investor pool, which was led by women at Greycroft and Seedcamp, invested because of the opportunity of solving a problem continent-wide and the prospect of facilitating cross-border commerce through modern technology. Tebogo Mokwena, CEO, Akiba Digital.
The MacArthur Foundation's Digital Media and Learning Competition includes a "Knowledge-networking" category designed to take good ideas and circulates them widely, taking full advantage of the Web's potential for collaborative thinking. GINKs is a knowledge network promoting the use of ICTs in development in Ghana.
In the creative writing space, Google’s PAIR and Magenta teams developed a novel prototype for creative writing, and facilitated a writers' workshop to explore the potential and limits of AI to assist creative writing. The app is available to English speakers 18+ in Australia, Canada, Ghana, India, New Zealand, the UK, and the US.
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