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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The company also claims to have processed volumes now reaching double digits in millions of dollars. The most popular card schemes globally are Union Pay, Visa, and Mastercard.

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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

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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Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

TechCrunch

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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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

Today, Africa’s largest digital payments network MFS Africa joins the fray. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.

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The first Zambian startup to get into YC is developing Africa’s first card-issuing API

TechCrunch

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.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

San Francisco-based Global Founders Capital (GFC) led the round. Like many API-led fintechs, card-issuing API (pioneered by the likes of Rapyd, Ayden and even Stripe globally) is increasingly getting attention from investors who think it’s the next big thing in a sector that has attracted the most VC dollars in Africa.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not have access to a bank account or mobile money. Anglophone East Africa is home to over 400 million people, with half under 25.

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