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Steve Heyes, a colleague and founder of LearnAsOne , has just embarked on a great journey to Zambia and you’re invited! Steve and 3 self-funded volunteers (found for free via Google Grants!) are headed to Zambia to document a community who doesn’t have a school, in as close to real-time as possible. What do you need?
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.” . Mlambo touts Zambia as a solid place to carry out business.
Today, Africa’s largest digital payments network MFS Africa joins the fray. Private equity fund AfricInvest FIVE co-led the Series C round with existing investors Goodwell Investments and LUN Partners Group. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.
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.
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.
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.
Zambia joins that list today, and its entrant, Union54 , is a worthy first entry. Zazu was launched in 2015 as a challenger bank in Zambia. More than 40 African startups from a handful of countries have gone through YC over the past decade. The startup claims to be Africa’s first card-issuing API and only just launched this year.
The company also claims to have processed volumes now reaching double digits in millions of dollars. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. CEO Perseus Mlambo disclosed to TechCrunch that Union54’s revenue in its first month (October) was a little less than $3,000.
We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. For example, Martus can now be configured in less than 10 minutes by anyone with basic digital literacy skills. The Challenge ran for six weeks through December 5th.
million in pre-seed funding. The fintech landscape, as described by Bakori, is one where while startups create silo interfaces that allow their customers to send or receive funds between themselves, issues always arise when global financial systems come into play. Union54, despite being based in Zambia, has customers across Africa.
Its offers a “high-yield” savings account, free FX and adjacent digital banking services so customers can save in a stable currency, the dollar, and spend-as-they-go in local currencies. The company was founded by Ahmed Ismail , Youcef Oudjidane , Khalid Keenan and Abdigani Diriye in late 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. .”
The Impact Rooms team is currently spread across the world with some of its experts in Kenya , Zambia, Ghana, South Africa, Puerto Rico, Australia, US, UK and Switzerland. The startup is planning to establish Smart Fund, an investor-matching program that uses algorithms to pick the best opportunities for funders.
KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros. Klasha has a suite of business- and consumer-facing products connected via one API.
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. This next stage of growth comes against the backdrop of a recent $4 million seed funding from several investors. “We
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.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 Visa is taking the lead as a first mover in digital payments in Sudan. million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year. Our product is live in Sudan.
More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. million seed round we covered.
mPharma disclosed to TechCrunch that it has acquired a 55 percent stake previously held by the Abraaj Group, a private equity firm that collapsed after investors, including the Bill and Melinda Gates Foundation, sounded an alarm over the administration of its $1 billion healthcare fund. s development finance institution, last year.
Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.
Governments were slowly waking up to the emergency, creating organizations like the Global Fund, one of the largest global health partnerships on the planet, but companies were still fast asleep. In 2006, (RED) was launched by Bono and Bobby Shriver to drive private sector funding to the AIDS fight and generate much-needed awareness.
So that leaves about 20% of the funding pool to organizations like you. Where they’re like, “No, I want my funds designated for this very specific thing, and you have to do it?” Steven: Donor is saying I don’t really care where the funds go, you know, you pick. Plus, it’s super competitive.
“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. Union54 (Zambia).
Rather than trying to manage health issues in siloes, PATH is focusing on working with in-country partners to grow disease monitoring digital health capability in the broadest possible sense. . “If The idea, with the funding from BMGF, was for PATH to work with local EOCs to integrate malaria response into their work.
New report examines Africa’s growth in the digital economy and VC investment landscape. By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We
million in seed funding. Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.
Rather than trying to manage health issues in siloes, PATH is focusing on working with in-country partners to grow disease monitoring digital health capability in the broadest possible sense. . “If The idea, with the funding from BMGF, was for PATH to work with local EOCs to integrate malaria response into their work.
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