TechCrunch

OCTOBER 27, 2021

Union54 , the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. They range from digital banks to post-Series A fintechs and “companies founded on the basis of Union54’s availability.” . Tiger Global declined to comment on the investment.

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TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors.

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TechCrunch

MAY 25, 2022

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. Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global.

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TechCrunch

JANUARY 17, 2023

The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. South African startup Flow wants to change how real estate agencies, developers and agents interact with their end customers. million in pre-Series A funding.

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TechCrunch

MAY 5, 2022

” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.

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TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending.

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TechCrunch

MARCH 7, 2022

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. Africa has it different. Before Dash, Boampong was the co-founder of OMG Digital, a YC-backed Ghanaian media startup he started alongside Jesse Ghansah — the current CEO of Float — in 2016. .

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TechCrunch

MARCH 16, 2022

TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and South Africa. What they have in common is a presence in Nigeria, arguably the largest market for informal retail in Africa. For Tiger Global, this is the 10th deal and first outside fintech since re-entering Africa’s tech market in 2021.

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TechCrunch

APRIL 26, 2023

In a statement shared with TechCrunch, Smile Identity said it is “actively fulfilling regulatory requirements to finalize the transaction for the [Inclusive Innovation] affiliated entities in Africa.” Document verification and face recognition and matching comprise Smile Identity’s base-level product that works across Africa.

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TechCrunch

FEBRUARY 24, 2021

Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. With wide and deep investor backing, Stitch will use the funding to consolidate growth in South Africa.

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TechCrunch

JUNE 10, 2021

There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. The pandemic has seen such platforms scale globally, and Africa is not exempt. million Series A to expand into the U.S.

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TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. In the news today is one such company: Casava.

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TechCrunch

NOVEMBER 29, 2022

Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. Others include expanding its network of restaurants and continuing its pan-African expansion drive (into South Africa and much later, Ivory Coast).

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

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TechCrunch

JANUARY 17, 2022

While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. 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

NOVEMBER 15, 2021

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . Australia and Asia.

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TechCrunch

MARCH 15, 2021

That might be a thing of the past for some businesses as African payments company Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. Going by this partnership, we can expect the majority of them to be global plays.

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.

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TechCrunch

JANUARY 4, 2022

Jumo and MNT Halan raised $120 million rounds, as digital payments gateway MFS Africa gained $100 million. It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. . Deals by stage in Africa over the years. Image Credits: Briter Bridges.

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TechCrunch

AUGUST 31, 2022

FMCG distributors can onboard retailers in their network on the Duplo platform, collect payments digitally and access real-time insights into business performance. And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added. Those retailers can become Duplo customers as well.

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TechCrunch

FEBRUARY 13, 2022

On the high level, people moving from cash to digital for the very first time causes more fragmentation. In April 2021, Stitch launched its payments product in South Africa and noticed a 50% month-on-month growth in payments volume the following six months. Tiger Global backs African fintech Mono in $15M Series A round.

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TechCrunch

DECEMBER 8, 2021

“We want to encourage a high percentage of capital into regions outside the four main markets (South Africa, Kenya, Egypt and Nigeria) as much as we can. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV). Our job is to support startups and help them all the way to maturity.

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TechCrunch

JANUARY 27, 2023

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. South Africa takes the second spot with 17%, Egypt at third at 16%, and Kenya at 15%. billion.

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TechCrunch

AUGUST 17, 2021

Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. When the founders, Brendan Playford and Cate Rung, last spoke with TechCrunch, Pngme was heading out of stealth mode in Nigeria, Kenya and South Africa. African startups join global funding boom as fintech shines.

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TechCrunch

MAY 4, 2022

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. These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.

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TechCrunch

JUNE 7, 2022

The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I The core mission of Klasha is to streamline cross border commerce from Africa to the rest of the world. Klasha has a suite of business- and consumer-facing products connected via one API.

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TechCrunch

JANUARY 20, 2022

They join existing investors (Y Combinator, Rocket Internet, Global Founders Capital, Plug n Play, Orange Ventures, Harvard University Management Company, Village Capital and P1 Ventures) who invested in Chari’s $5 million seed round last October at $70 million. It allows these merchants to handle the credit they give to their clients.

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TechCrunch

JULY 28, 2022

Qwili , a startup that provides a hybrid sales product to micro and small merchants in South Africa, has raised $1.2 Qwili says its target audience are digitally excluded and unbanked customers. During those early stages, the phone wasn’t paying back quickly enough, and there wasn’t high enough adoption of the digital services.

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TechCrunch

DECEMBER 8, 2021

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. Kwara is building a neobank for credit unions.

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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 company now provides a full range of products to those onboarded, rolling out digital wallets and financial services, particularly credit or BNPL offerings.

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TechCrunch

AUGUST 9, 2022

Other participating investors include 500 Global and MSAS. So far, the company partners with media buying and advertising agencies and works with over 100 local and multinational brands across Africa, the Middle East and South America in the automotive, healthcare and technology industries.

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TechCrunch

JANUARY 25, 2022

BioNTech (the company behind Pfizer’s COVID-19 vaccine), Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42 and Synergie participated in the round. InstaDeep has established itself as a global company using AI to solve complex problems with significant monetary value.

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TechCrunch

SEPTEMBER 30, 2021

VertoFX , a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. As trade and supply chains become increasingly global, international payments remain a complicated and expensive proposition.

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TechCrunch

JANUARY 17, 2022

The market, dominated by incumbents like Toast and upcoming players such as MarginEdge and Brazil’s Zak , has its value pegged at over $70 billion globally and is expected to reach $116 billion in the next four years. As with most technologies, Africa is playing catch up in this food-tech segment.

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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. African startups join global funding boom as fintech shines. This alternative financial infrastructure is one of the largest globally.

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TechCrunch

SEPTEMBER 23, 2021

And importantly , this is the group that demonstrated their confidence and desire to really solve what is a global problem,” said the CEO. First, around product development, the team is eager to build next-generation digital renewable energy. Outside Africa, the company is also present in the U.S., ” More than 1.5

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TechCrunch

JUNE 9, 2022

The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. Image Credits: By 2030, it is predicted that the number of youths — people between the ages of 15 and 24 — in Africa will increase by 42%, according to the UN. GOMYCODE utilizes the latter.

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