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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.
The first is developing strong local partners , such as disability NGOs, libraries or educational institutions that help us customize our services to the specific needs of their communities. They also provide outreach and user support, which helps us keep our costs low as well as build local capacity to meet accessibility needs.
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. Beattie says to TechCrunch that while he saw many exciting new tests in development in the US, he didn’t see the same in Ghana.
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.
The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa. We are thrilled to support Farmerline Group and smallholder communities across Ghana and Ivory Coast.”. The new funding brings the total amount raised in the round to $14.4
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.
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.
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.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. A handful of local acquisitions and a monumental exit. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers. billion and $2.8
The CAIMs solves this by factoring in the unique conditions within which Africa’s utilities operate, for example, poor address systems, and helps them digitize their data, which serves as a foundation for network improvements. Bim Adisa (CEO). Persistent Energy raises $10M to grow its clean-tech venture building business in Africa.
While local retail apps such as Bamboo and Chaka offer U.S. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I Nigeria is a silo, same with Ghana, Kenya and South Africa etc. You have exchanges where the securities are traded in each country.
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. in average transaction fees, digital senders like NALA pitch themselves to customers as platforms with the best rates and lowest prices. and the E.U.,
But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We It’s a one-year program where students take classes for nine months (three semesters) followed by a three-month internship at local tech companies to gain experience.
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Covid showed us that the best form of care is local, it is in the community, and the closest thing in communities are pharmacies. doctors for every 10,000 people against the best ratio of 84.2
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. “Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.”
It will start its expansion in Ghana before expanding to the neighboring Ivory Coast, accelerated by a fresh $12.9 We think of ourselves as the Amazon of farmers… a digital and physical infrastructure powering a marketplace that allows the movement of goods and services to and from rural areas,” said Attah. “We million ($6.4m
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. It offers over 30 learning tracks ranging from web development to digital marketing and data science to artificial intelligence.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. It’s literally a no-brainer.
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.
With a digital-first approach, 350.org’s org’s Climate Justice Action map , which connects people with local groups and other activists. org’s local chapters are utilizing uniquely-built Salesforce instances to suit the needs of each team. They also use Salesforce to plan and chart a future path to growth. Bentley Motors.
By the time he left, three years after, Bundle was only live in Nigeria and Ghana with less than 100,000 active users. Still, it is when compared with its peers in Africa as no local crypto platform serving just Africa has reached a million customers. Bundle’s numbers might not seem impressive from a global standpoint.
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.
“For us, our strategy is to build a global team that can think local and execute properly. WaystoCap is bringing Africa’s cross-border trade into the digital era. MaxAB’s acquisition of WaystoCap is the second local cross-border acquisition that has played out in Africa this week.
KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Image Credits: Klasha.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch.
This seed round makes Sandu, now 25, one of the youngest Black men to raise a double-digit seed round—and a solo founder at that. Born in Accra, Ghana, he moved with his family to Los Angeles at the age of three. He’s already part of a somewhat rarified club. Sandu has come a long way from where he started.
The founders draw on prior experience building API products for local markets in the past. We might not wait long as Okra is currently in beta in Kenya and South Africa, and Mono is planning an expansion into Ghana and Kenya before the end of the year. He left a year to Smile Identity, a San Fransisco-based identity API company.
It also tested satellite models in Egypt and Ghana as substitutes to physical hubs. Having a local presence there with amazing talent is super valuable to building a global product.”. Image Credits: Andela. In its quest to become a global company, going up against competition is unavoidable for the seven-year-old company.
This technology allows people to send and receive money, pay for bills and buy data offline, and reports say more than 90% of digital transactions in sub-Saharan Africa are performed on its rails. . For any company that wants to go pan-African, then it’s going to be intensely difficult to comply with all of those local regulations.
Promises include : beU delivery says it offers a “great selection of local restaurants and door-to-door food delivery” that allows customers to have their favorite food from the “comfort of their homes or offices.” ” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records.
In addition to trading on the platform, these customers used FTX to convert their local currencies to dollars and gain yield on savings. However, following the events of the past two weeks that brought about FTX’s tumble, many of them, including local celebrities signed as brand ambassadors, have been left bemoaning their decision.
Digital freight forwarders on the continent have grown to tackle these supply chain issues. ” Late last year, merchant groups from Ghana, Tanzania and Kenya invited Topship to gauge the possibility of launching in their respective markets.
Cheki sold its businesses in Nigeria, Ghana, Kenya and Uganda to Autochek after slowing sales. The firm also seems to be playing it safe, relying on local investors to de-risk investments before going in, as most of its fintech investments are from Series A and up. They learned their lessons and now have a different strategy.
During the pandemic, companies with digital products did well. With folks and workers stuck at home, digital became the only way to collaborate, stay current and find a modicum of escape. One digital subsegment that enjoyed particular growth was e-learning. Canada, Ghana and the U.K., Startups and VC.
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.
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. Some of its other features include live bus tracking, optimal routing based on traffic and digital payments, the company said. Image Credits: Shuttlers.
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.
But issues around pricing, flexibility to innovate and a lack of local tech support always come up. “We started Appzone with the intention to build out innovative local solutions for banking and payments on the continent,” CEO Obi Emetarom told TechCrunch. This is where Appzone has found its sweet spot.
In Nigeria, at least four platforms offer both local and foreign stocks to individuals. million pre-seed round to power digital investments for individuals and businesses. Yet for the average Nigerian interested , participating in trading local stocks is hard — and practically impossible for foreign ones.
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. In the Maldives, for example, Six Senses Laamu reduced Styrofoam waste by establishing chicken farms to produce local eggs instead of flying them in in Styrofoam crates.
based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) We’re very excited for the impact they’ll have here at OpenAI,” OpenAI wrote in a brief post published to its official blog.
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