TechCrunch

JANUARY 5, 2022

The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.

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Fund Africa Ghana Raise 97

TechCrunch

FEBRUARY 15, 2021

Uncovered Fund , a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Terakubo doesn’t say why he left Samurai Incubate Fund. ”

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TechCrunch

FEBRUARY 14, 2023

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

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TechCrunch

AUGUST 5, 2021

A couple of digital freight companies are tackling this problem, like Nigerian-based MVX. What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria. In Africa, chartering vessels and processing ocean freight can be challenging.

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TechCrunch

DECEMBER 19, 2021

MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years.

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TechCrunch

APRIL 13, 2022

There’s no shortage of digital banks in Nigeria and, in general, in Africa. In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa.

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Digital Marketing Raise Nigeria 95

TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. “This group brings more than just capital to the equation.

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TechCrunch

NOVEMBER 16, 2021

With millions of Nigerians using danfo minibuses and okadas to commute to their various workplaces and destinations, mobility startups have sought to digitize the market. million in seed funding from several investors to blitz scale within and outside Nigeria. million in funding, money also used to acquire a similar player in Ghana.

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Mobile Nigeria Share Raise 145

TechCrunch

MARCH 23, 2021

Investors who participated in the round include Johnson & Johnson Foundation , Newton Partners (via the Imperial Venture Fund), and Founders Factory Africa. During his time at Accra in 2016, he met Quao, a trained pharmacist in Ghana at a hackathon whereupon talking found out that their interests in medical testing overlapped.

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TechCrunch

FEBRUARY 14, 2022

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. Part of the new funding will be used to extend the startup’s buy now, pay later (BNPL) offering, for an even wider reach.

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Nigeria Digital Africa Raise 94

TechCrunch

NOVEMBER 9, 2021

million in seed funding, as well as the launch of a cloud-based AI platform — which allows users to build with large language models. . It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. Ohio-based startup Mantium has today announced closing $12.75

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Platform Fund Raise Africa 104

TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. These startups offer embedded finance solutions; Maelis Carraro , Catalyst Fund MD, explains the thought process behind this selection in a statement. For example, founders in our previous cohort were all male.

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Beneblog: Technology Meets Society

JANUARY 7, 2013

We’re making securing new funding for Bookshare’s international expansion a top priority! We’re standing by to help support these Indian organizations with the technology and services of Bookshare in pursuing these expanded digitization efforts.

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TechCrunch

SEPTEMBER 27, 2022

million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 debt funding. Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth. million , including $6.4

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Ghana Raise Africa Kenya 95

TechCrunch

SEPTEMBER 10, 2022

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. This is something that we specifically value in our fund and what Bitmama in particular delivers.”. CEO Ruth Iselema.

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Africa Nigeria Marketing Kenya 145

TechCrunch

FEBRUARY 3, 2022

Further checks in Crunchbase and Tracxn--platforms that track funding rounds in startups and private companies globally–reveal that the company closed the round in August 2021. It provides merchants via its PalmPartner app with online payment and offline POS acquiring services and plans to introduce digital marketing services soon.

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Ghana Nigeria Africa Raise 87

TechCrunch

MAY 4, 2022

From Onayemi’s point of view, the growth of Africa’s digital economy revolves around gains in six segments: education, payments, logistics, transport, identity, and trade. Trade has the least startup activity in a market that received $5 billion in VC funding last year.

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TechCrunch

MARCH 2, 2022

It is this missing connection that Emtech , a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market. Emtech has now moved into production following the successful pilot in Ghana last year.

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TechCrunch

MAY 30, 2022

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

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Raise Artist Africa Ghana 113

TechCrunch

JANUARY 17, 2022

Many startups are solving these problems for African SMBs in one form or another, and the demand for their services has seen Ghanaian startup Float pick up a significant round of funding. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit.

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Africa South Africa Raise Nigeria 145

TechCrunch

AUGUST 31, 2021

“This is the largest batch we have ever funded and it’s about 50% international. 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. Another digitizing-informal-retail-stores play, this time from Nigeria. Amenli (Egypt).

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Nigeria Morocco Egypt Africa 122

TechCrunch

DECEMBER 30, 2021

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. What’s a record year of funding without some unicorns? billion and $2.8

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TechCrunch

FEBRUARY 8, 2022

Then, the disparities between venture funding studies were stunningly clear. . Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. billion in total estimated funding — $4.65 It’s more than a 250% increase from last year’s total funding of $1.3 billion to $1.5

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TechCrunch

MARCH 4, 2022

Uganda is one of the countries creating ripples in high-profile tech programs like the Y Combinator accelerator and Google’s $50 million Africa Investment Fund, launched in October last year targeting early and growth-stage startups. million in seed funding. The fintech plans to enter Ghana later this year.

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TechCrunch

JANUARY 7, 2022

million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.

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TechCrunch

SEPTEMBER 28, 2022

To bridge the gap, Uganda-based fintech Numida , has opted to focus its digital lending business on small enterprises as part of its strategy for driving financial inclusion in emerging markets. Since raising its seed funding last year, Numida has grown over 7.5 The growth plans come against the backdrop of $12.3

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Uganda Raise Ghana Africa 96

TechCrunch

SEPTEMBER 21, 2022

The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.

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Accessibility Marketing Ghana Africa 89

TechCrunch

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets.

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Africa Mobile Ghana Money 129

Beneblog: Technology Meets Society

FEBRUARY 19, 2014

Even though Benetech doesn’t have donor funding for this, our VP of Global Literacy, Betsy Beaumon, and I thought it would be worthwhile to attend this meeting. Developing countries like Kenya and Ghana, which are starting to make good progress on these efforts, aren’t in the LDC category.

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TechCrunch

DECEMBER 5, 2021

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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Africa Kenya Marketing Nigeria 99

TechCrunch

AUGUST 30, 2022

The round also included a $5 million debt from Talanton and Verdant Capital Specialist Funds. Founded in 2017 by Hilda Moraa , Pezesha has built a scalable digital lending infrastructure that allows both traditional and non-traditional finance institutions to offer working capital to MSMEs.

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TechCrunch

OCTOBER 12, 2022

It supports 10 digital assets, including Bitcoin, Ethereum, Solana, Polygon, Axie Infinity and USD-backed stablecoins USDC and USDT, and plans to expand to over 50 assets in the coming months. It also recently expanded into Nigeria, Ghana and Vietnam, among other markets.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We The company (not to be confused with U.S.

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Nigeria Alternative Build Raise 139

TechCrunch

JANUARY 10, 2023

Fintech lender and private equity firm Cauris was the sole provider of the debt financing while the equity investors include Octerra, Wuri Ventures, Seed9, The MBA Fund, French development institution Proparco and ASCVC, a venture fund founded by executives of the supply chain visibility platform Project44.

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Platform Africa Ghana Fund 97

TechCrunch

APRIL 12, 2021

So far, we’ve touched on two layers of this ecosystem — the digital core banking service providing software that runs financial institutions’ entire operations and interbank processing, which integrates these institutions into a decentralized network powered by blockchain. Four years later, it raised $2.5

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Technology Nigeria Raise Africa 145

TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. “With our latest funding, now is the time to break into new ground. Agriculture insurance has traditionally relied on farm business. .”

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Africa Raise Rwanda Nigeria 144

TechCrunch

DECEMBER 6, 2021

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC).

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Africa Nigeria Service Raise 101