This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As Kuda positions itself for pan-African and international expansion amidst an uncertain venture capital environment, it depicts the recent cut in its workforce as part of strategic steps for sustainable growth. Kuda, the African challenger bank, raises $55M at a $500M valuation.
Bookshare International Library We’re always thinking about new ways in which Benetech could go deeper and help many more people. We’re making securing new funding for Bookshare’s international expansion a top priority! We have built Bookshare International upon three principles. My next two blog posts will be on this topic.
The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Nigerian mobility tech startup Metro Africa Xpress Inc. ( Chinedu Azodoh is the startup’s other co-founder.
They were holding an international meeting of blindness groups around the campaign to ratify the Marrakesh Treaty in London during the days before the Geneva meeting. My experience with the international publishers was such that I expected there would be a way to work through this issue. I decided to follow through and attend.
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. CEO Ruth Iselema.
“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).
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.
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.
African merchants encounter many challenges when it comes to international shipping ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent have grown to tackle these supply chain issues. So I was like, “this is interesting.”
In 2020, Yusuf toyed with the idea of building a physical campus where he and his team would train software engineers to get international opportunities. But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We He founded AltSchool with Akintunde Sultan and Opeyemi Awoyemi last October.
NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. 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. Image Credits: Pezesha.
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.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. International investors participated from pre-seed to Series E stages. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. It’s literally a no-brainer. He also sits on the board of 88mph. African startups join global funding boom as fintech shines.
Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. Ghana came fifth. Senegal took the fifth spot with $353 million, while Ghana was sixth ($167 million). Partech : Its 2020 report had Nigeria on top, with Kenya, Egypt and South Africa rounding up the top four. or the U.K.
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).
Within this timeline, he interned at several companies in Palo Alto, California. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. Yahya Bouhlel started coding in his early teens. Most of his work revolved around building apps and iPhone games.
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
When Andela launched in 2014, it built hubs in Nigeria, Kenya, Rwanda and Uganda to source, vet and train engineers to be part of remote teams for international companies. It also tested satellite models in Egypt and Ghana as substitutes to physical hubs. We did that and it’s been an amazing experiment,” Johnson added.
This is particularly noteworthy, as every other region experienced a double-digit drop in funding activity during the same period,” said Max Cuvellier , co-founder of The Big Deal on Africa’s investment activity in 2022. Ecosystems outside the top four include countries like Ghana, Uganda, Tanzania, Morocco and Tunisia.
The CEO and founder of 4G Capital Wayne Hennessy-Barrett told TechCrunch that, additionally, they’ll launch an app later this year that will enable their clients to sell on digital marketplaces and to be connected to other digital providers like delivery services. “We The recent funding round brings to $27.5
It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. Having a globally distributed team, Sevey said, helps in the generation of unique insights and varying problem-solving approaches around AI. “We’ll We’ll also continue with more activities within Africa. “And
org is an international movement of people working to end the age of fossil fuels and build a world of community-led renewable energy for all. 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. Bentley Motors.
DREAM also hosts its annual report on Issu, a great third-party platform for a well-designed digital reading experience. Pencils of Promise is an international development organization focused on education, and we love their 2018 Annual Report for its simple but informative design. International Rescue Committee.
Met with a major international human rights defender group about our Martus technology and digital security more generally. Carol’s social enterprise in Nairobi employs over 100 students working to proofread books for our Bookshare digital library. Interviewed several candidates for executive positions at Benetech. Enough said!
In countries like Nigeria where the government previously banned cryptocurrency transactions through licensed banks and introduced a digital currency to reduce incentives for using unregulated crypto, the crackdown against crypto usage might intensify. — FTX (@FTX_Official) November 12, 2022.
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 government of Ghana has doubled down on aligning with the SDGs and has produced incredible outputs and outcomes while bridging important partnerships with other countries and major global corporations. Ghana is a fantastic blueprint for how having a global north star is truly impactful. .
Tebogo Mokwena , co-founder and CEO, Akiba Digital. Klasha is a technology company that allows international merchants such as H&M or Zara to receive payments online in local African currencies and money methods. Tebogo Mokwena, CEO, Akiba Digital. Tebogo Mokwena, CEO, Akiba Digital. Jessica Anuna, CEO, Klasha.
DREAM also hosts its annual report on Issu, a great third-party platform for a well-designed digital reading experience. Pencils of Promise Pencils of Promise is an international development organization focused on education, and we love their 2018 Annual Report for its simple but informative design.
By 2016, without capital, I had bootstrapped the company to eight digits in revenue. You end up internalizing that bias in your mathematically “objective” decision-making. Both The/Studio and Supplied’s head of marketing are Black women, with one working from Nigeria and the other from Ghana.
British children’s rights nonprofit AfriKids sent two of its staff members to a recent International Fundraising Congress in the Netherlands. The money went to improving education for children across Northern Ghana through teacher training and increasing awareness among citizens of the importance of education.
While I was in Chicago, Ryanne Hodson , who I met at last year's BlogHer, is in Cambodia and Southeast Asia with Jay Dedman to document the work of Project Hope International. 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.
Astonishingly, after a fiasco of a December layoff that affected 900 people, the digital mortgage lender managed to botch things again. In December 2021, Uganda’s multi-service and digital payment technology platform SafeBoda became the first startup on the continent to receive investment from the Google fund.
This summer I earned a digital marketing certificate. organization that fights for the rights of the world’s children, sent staff members to a recent International Fundraising Congress in the Netherlands. Never stop learning” is her rallying cry. . “I I constantly do professional development programs. AfriKids , a U.K.
We also applied this to healthcare, creating “ healthsheets ” to underlie the foundation of our international Standing Together collaboration, bringing together patients, health professionals, and policy-makers to develop standards that ensure datasets are diverse and inclusive and to democratize AI.
The tech giant created a chatbot that some engineers are internally referring to as “Apple GPT,” but Apple has yet to determine a strategy for releasing the AI to consumers. We’re very excited for the impact they’ll have here at OpenAI,” OpenAI wrote in a brief post published to its official blog.
Using the switchs internal crystal oscillator, Cisco engineers retooled the device so it could maintain accurate time synchronization even in the absence of GPS signals. To speed up the process, Land OLakes launched Spoiler Alert, a sales software platform designed to digitize and streamline the logistics of short-dated inventory.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content