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Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. The startup plans to go live across the five markets where E-Settlement is present, serving digital financial services to consumers, small business owners and merchants.
The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service. Image Credits: Gozem.
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.
million in seed funding. Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. Merchants on the platform range from e-commerce platforms and digital public services to insurance companies and schools. CinetPay team.
Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands. New report examines Africa’s growth in the digital economy and VC investment landscape. TLcom and 4DX drive $13.1M
WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. WaystoCap is bringing Africa’s cross-border trade into the digital era. The company subsequently raised a $3 million seed round. “I love the team.
Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa. European venture capital fund Speedinvest led Julaya’s pre-Series A extension round. This week, TechCrunch featured Byld Ventures , a $15 million fund targeted at African fintechs. Byld Ventures, a $15M fund, backs fintechs in Africa. “I
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