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.

Africa 82

Africa Fund South Africa Nigeria 82

TechCrunch

JUNE 8, 2022

A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.”. Africa’s digital opportunity.

Digital 97

Digital South Africa Report Africa 97

TechCrunch

OCTOBER 3, 2022

Talk360’s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAÍC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. The app has active users in more than 170 countries, including South Africa, Zimbabwe and Bangladesh. “We

South Africa 90

South Africa Africa Fund Zimbabwe 90

TechCrunch

AUGUST 31, 2022

million in seed funding. FMCG distributors can onboard retailers in their network on the Duplo platform, collect payments digitally and access real-time insights into business performance. And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added.

Nigeria 86

Nigeria Fund Digital South Africa 86

TechCrunch

DECEMBER 8, 2022

Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 million seed funding in a round led by Acumen Fund, for product catalog growth and regional expansion. South Africa’s edtech FoondaMate eyes speedy takeoff after $2M funding.

Digital 99

Digital Raise Africa Kenya 99

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

South Africa 98

South Africa Africa Egypt Nigeria 98

TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending.

South Africa 86

South Africa Europe Africa Platform 86

TechCrunch

NOVEMBER 23, 2021

Mobiz , a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. and double down on marketing, sales and account management.

South Africa 90

South Africa Personal Marketing Africa 90

TechCrunch

MAY 5, 2022

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,

Global 98

Global Fund Marketing Africa 98

TechCrunch

FEBRUARY 24, 2021

Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. With wide and deep investor backing, Stitch will use the funding to consolidate growth in South Africa.

Africa 117

Africa API South Africa Kenya 117

TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

Ghana 93

Ghana Rwanda Kenya South Africa 93

TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

South Africa 107

South Africa Raise Africa Namibia 107

TechCrunch

DECEMBER 1, 2022

million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. The Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, participated in the round, as did family offices and angel investors from Kenya, Nigeria, South Africa and India.

Fund 97

Fund Kenya Africa Raise 97

TechCrunch

AUGUST 5, 2021

In Africa, chartering vessels and processing ocean freight can be challenging. 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.

Africa 99

Africa Digital Nigeria South Africa 99

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.

Africa 145

Africa South Africa Raise Nigeria 145

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. Outside Africa, the company is also present in the U.S.,

Fund 98

Fund Marketing Technology Africa 98

TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The news follows the Naspers-led $11 million Series A round that the South African insurtech announced in August 2021.

South Africa 90

South Africa Africa Kenya Model 90

TechCrunch

MAY 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. OPay plays in an extremely competitive fintech market.

Nigeria 135

Nigeria Africa Raise Report 135

TechCrunch

MARCH 7, 2022

Before Dash, Boampong was the co-founder of OMG Digital, a YC-backed Ghanaian media startup he started alongside Jesse Ghansah — the current CEO of Float — in 2016. . Today, the unified payments app is announcing that it has raised $32.8 million in an oversubscribed seed round. African tech took center stage in 2021.

Ghana 145

Ghana Kenya Raise Build 145

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.

Africa 139

Africa Burkina Faso Nigeria Companies 139

TechCrunch

JANUARY 20, 2021

ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Owl Ventures’ new pair of funds gives edtech a $585 million boost.

Africa 114

Africa South Africa Student Offline 114

TechCrunch

MAY 31, 2022

This product, it says, will open up businesses to the largest pool of localized payment options in Africa. Meanwhile, the startup is also looking to expand its international calling operations across Africa after closing a $4 million seed funding round, led by HAVAÍC.

Africa 95

Africa South Africa Platform Build 95

TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. In the news today is one such company: Casava.

South Africa 96

South Africa Nigeria Accessibility Africa 96

TechCrunch

JANUARY 6, 2022

Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. And JABU — profiting from owning its supply chain — is making efforts to digitize its physical cash collection processes via wallets.

Namibia 141

Namibia Africa South Africa Cameroon 141

TechCrunch

AUGUST 4, 2021

South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors Yellowwoods and Hollard also participated in the funding round. Founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North, Naked is a digital insurance platform covering cars, content, homes and standalone items.

South Africa 105

South Africa Africa Platform Tech 105

TechCrunch

NOVEMBER 29, 2022

million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. million seed investment. The two-year-old startup raised $1.1

System 93

System Digital Raise Africa 93

TechCrunch

APRIL 26, 2023

In a statement shared with TechCrunch, Smile Identity said it is “actively fulfilling regulatory requirements to finalize the transaction for the [Inclusive Innovation] affiliated entities in Africa.” Document verification and face recognition and matching comprise Smile Identity’s base-level product that works across Africa.

Service 145

Service Africa Nigeria South Africa 145

TechCrunch

JUNE 10, 2021

However , ubiquitous access to such care is scant across Sub-Saharan Africa. There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. As a Sweden-based telehealth company, Doktor.se

South Africa 78

South Africa Product Africa Sweden 78

TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.

Raise 99

Raise South Africa Africa Kenya 99

TechCrunch

DECEMBER 2, 2021

And the South Africa-based crowd-solving startup has done that over the last three years they have been in existence. South African Megan Yates and Ghanaian Ekow Duker are the platform’s other co-founders. Zindi is a database of data scientists across Africa. Photo Credits : Zindi.

South Africa 94

South Africa Africa Problem Data 94

TechCrunch

JANUARY 20, 2022

Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation. The Khatabook-esque platform provides credit and bookkeeping services to about 50,000 merchants.

Tunisia 95

Tunisia Morocco Service South Africa 95

TechCrunch

DECEMBER 1, 2022

Backed by a $1 million seed funding, Uncover is scaling its operations in Kenya and expanding to Nigeria in January. FirstCheck Africa, Samata Capital, Future Africa, IgniteXL participated in the round, in addition angel investors ex-SokoWatch COO, Kwenhui Tawah, and ex-L’Oreal executive and current WPP Scangroup CEO, Patricia Ithau.

Africa 122

Africa Product Kenya Nigeria 122

TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. The South African API fintech enables businesses to build, optimize, and scale financial products. Image Credits: Stitch.

API 93

API South Africa Raise Platform 93

TechCrunch

DECEMBER 8, 2021

Blantern said the Impact Rooms is also using data to help investors make decisions on which countries, industries or startups to invest in – giving an equal opportunity to startups across all markets in Africa. “We This in addition to helping 1,000 startups raise funds.

South Africa 81

South Africa Puerto Rico Impact Africa 81

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).

Africa 101

Africa Nigeria Service South Africa 101

TechCrunch

APRIL 18, 2022

The company also claims to have processed volumes now reaching double digits in millions of dollars. But in Africa, Visa and Mastercard dominate the market share; for example, in South Africa, the distribution of cardholders with Visa is 51% compared to Mastercard’s 48%.

Issue 137

Issue Global Africa Zambia 137

TechCrunch

OCTOBER 27, 2021

San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. They range from digital banks to post-Series A fintechs and “companies founded on the basis of Union54’s availability.” . The Zambian company will also use the funds to expand its regional customer base. .

API 104

API Zambia Issue Global 104