TechCrunch

OCTOBER 11, 2021

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.

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TechCrunch

SEPTEMBER 27, 2022

The new funding brings the total amount raised in the round to $14.4 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.”.

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TechCrunch

APRIL 12, 2021

So far, we’ve touched on two layers of this ecosystem — the digital core banking service providing software that runs financial institutions’ entire operations and interbank processing, which integrates these institutions into a decentralized network powered by blockchain. Four years later, it raised $2.5

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TechCrunch

JANUARY 25, 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. They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique.

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TechCrunch

AUGUST 5, 2021

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

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TechCrunch

MAY 30, 2022

Ayoken, an NFT marketplace for creatives, has raised $1.4 million pre-seed funding to enable users grow their revenue streams through digital collectibles. The startup’s marketplace, Ayokenlabs , will feature digital collectibles from musicians, sports brands and influencers from all over the world.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We The company (not to be confused with U.S.

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TechCrunch

JUNE 22, 2022

While Africa’s health systems are still reeling from the effects of the COVID pandemic, the adoption of digital health services has been revved in some countries. These startups digitize the supply chain and distribution to providers. “The So we wouldn’t expect them to be raising large sums just yet.

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TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.

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TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. Ghana came fifth.

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TechCrunch

FEBRUARY 14, 2022

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. Other notable startups in the space are Kenya’s MyDawa, Ghana’s mPharma and Nigeria’s DrugStoc.

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TechCrunch

SEPTEMBER 28, 2022

To bridge the gap, Uganda-based fintech Numida , has opted to focus its digital lending business on small enterprises as part of its strategy for driving financial inclusion in emerging markets. Since raising its seed funding last year, Numida has grown over 7.5 YC-backed fintech Numida raises $12.3M

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TechCrunch

FEBRUARY 3, 2022

Africa-focused payments startup PalmPay raised a $100 million Series A round last year. It provides merchants via its PalmPartner app with online payment and offline POS acquiring services and plans to introduce digital marketing services soon. That’s why it made the push into Ghana.

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. The idea for the YC-backed Ghanaian fintech came during the chief executive’s time at OMG Digital, a media company he founded that also got into YC , in 2016. “We

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TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.

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TechCrunch

SEPTEMBER 21, 2022

Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. To bolster its efforts, it has also raised $1.6 That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I

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TechCrunch

AUGUST 30, 2022

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.

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TechCrunch

FEBRUARY 14, 2023

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.

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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. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

JANUARY 27, 2022

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.,

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TechCrunch

MARCH 2, 2022

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. Emtech has now moved into production following the successful pilot in Ghana last year.

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TechCrunch

NOVEMBER 17, 2021

Digital payments gateways, on the other hand , have a unique use case, particularly when they can help people use their basic bank accounts to make payments. Coming off a year of exponential growth, it has raised a $48 million Series B to provide more alternative payment solutions to its millions of merchants and consumers.

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TechCrunch

AUGUST 26, 2021

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. PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market.

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TechCrunch

AUGUST 5, 2022

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. Persistent Energy raises $10M to grow its clean-tech venture building business in Africa. Bim Adisa (CEO).

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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).

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TechCrunch

FEBRUARY 16, 2023

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 Last March, the Ghana-founded and New York–headquartered Dash raised $32.8

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TechCrunch

SEPTEMBER 10, 2022

In the latest development, one such company, Bitmama , has raised a pre-seed extension of $1.65 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.

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TechCrunch

MARCH 15, 2022

raised more money from venture capitalists in 2021 than ever. On the bright side, founding teams counting both women and men as members raised 17% of VC investments in Africa in 2021. Women-founded startups in Africa to have raised $100 million or more are led mainly by white CEOs. Women-founded companies in the U.S.

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TechCrunch

NOVEMBER 8, 2022

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. down the line.

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TechCrunch

FEBRUARY 1, 2022

Nestcoin , a company founded last November that builds, operates, and invests in web3 applications, wants to be pivotal in this transition and has raised $6.45 By the time he left, three years after, Bundle was only live in Nigeria and Ghana with less than 100,000 active users. million pre-seed to that end.

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

MARCH 15, 2022

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 6 African women CEOs discuss how they raised more than $1M in 2021. million, the total equity funding raised by 4G Capital since 2016. million in Series C funding from global private equity firm Lightrock.

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TechCrunch

JUNE 9, 2022

It raised $850,000 seed in October 2020. 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.

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion.

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TechCrunch

JANUARY 7, 2022

Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. million, having realized $800,000 in a seed round last May. Image Credits: Bfree.

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TechCrunch

JANUARY 28, 2021

From Nigeria, Indicina facilitates lending for individuals and small businesses through AI-powered digital credit infrastructure. Jetstream allows businesses to export goods across borders and access trade financing in Nigeria and Ghana. Catalyst Fund has the backing to keep this going.

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TechCrunch

AUGUST 23, 2022

Mural, a crypto firm focused on decentralized autonomous organizations ( DAOs ) infrastructure, has raised $5.6 This was the company’s first outside capital raise through investors like Mike Novogratz’s Galaxy Ventures, Barry Silbert’s Digital Currency Group, Firstminute Capital, 186 Ventures and a handful of founders.

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