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Today, Africa’s largest digital payments network MFS Africa joins the fray. Private equity fund AfricInvest FIVE co-led the Series C round with existing investors Goodwell Investments and LUN Partners Group. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.
There it brought teams of Google and LinkedIn employees to contribute code fixes and key feature enhancements to the open source mobile tools of our nonprofit project partner Mifos , whose mission is to enable financial institutions to become modern and digitally connected providers of financial services to the world’s 2.5 Martus Desktop 4.5
Its offers a “high-yield” savings account, free FX and adjacent digital banking services so customers can save in a stable currency, the dollar, and spend-as-they-go in local currencies. The quartet graduated from Russell Group universities and, alongside early joiners, have worked at Amazon, Meta, IBM, Uber, Goldman Sachs and Barclays.
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. Other investors in this growth round include Box Group, Knollwood and D Global Ventures. million seed round we covered.
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.
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. This investment is AMEX Ventures’ first in an African startup.
“This group brings more than just capital to the equation. 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.
Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV). The Impact Rooms team is currently spread across the world with some of its experts in Kenya , Zambia, Ghana, South Africa, Puerto Rico, Australia, US, UK and Switzerland. Our job is to support startups and help them all the way to maturity.
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. mPharma’s Mutti Online Pharmacy is now among the handful of exclusively digital pharmacies, including Kenya’s MyDawa, with operations in Africa.
mPharma disclosed to TechCrunch that it has acquired a 55 percent stake previously held by the Abraaj Group, a private equity firm that collapsed after investors, including the Bill and Melinda Gates Foundation, sounded an alarm over the administration of its $1 billion healthcare fund. s development finance institution, last year.
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.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. There are various payment gateways facilitating payments for businesses in Africa, like Flutterwave , DPO Group, Yoco , MFS Africa and Paystack. It’s literally a no-brainer.
This a new form of digital marketing that pivots from the norm of using celebrities for marketing campaigns. To post a campaign, brands filter out their preferred influencer demographic groups based on characteristics like gender, location, profession or income levels.
Find your closest NetSquared group. Or, you can apply today to start your own NetSquared group. Los Angeles, California: Digital Inclusion. Saint Paul, Minnesota: Digital Dumpster Fire: Tips to Handle Social and Online PR Problems ( Communications Networking Lunch). Bamenda, Cameroon: How to Create Digital Stories.
So if you're looking to build your skills and find your fellow accidental techies, there's probably a group near you! Find your closest NetSquared group. However, we aren't everywhere yet , so we're looking for community leaders to start new groups. Start a NetSquared group. --> Upcoming Tech4Good Events.
Don't worry, there are NetSquared groups in 75 cities who are dedicated to holding events for their local nonprofit technology communities. Find your closest NetSquared group. Portland, Oregon: Digital Inclusion: Why Access for All Matters More than Ever. Bamenda, Cameroon: How to Create Digital Stories.
Each of these groups provided insights into the challenge, determined a focus area where technology can help, and developed a solution. Digital Agriculture Product Manager, World Food Programme Digital Transformation Unit, Nairobi. Casper has 12 years of experience in managing scalable digital solutions in developing countries.
Josh: I’m the Digital Strategist, which means I am in charge of everything that touches the internet. Josh: There are lots of ways to measure design success, but as a digital strategist, it’s easy for me to quantify success with analytics ( Google Analytics and Facebook Insights ). Pratima: I’m the Graphic Designer. But it’s true.
As a result, it is not surprising that this is the largest cohort from Africa,” Y Combinator managing director and group arptner Michael Seibel told TechCrunch when asked if any extra factor contributed to the rise in accepted African startups. Another digitizing-informal-retail-stores play, this time from Nigeria.
Share them with the group. Steven, I really hope we can share these with the group. you can have amazing videos or streaming where you take them and show them your programming if you’re over in Zambia, or wherever you might be. When they least expect it. Keep it classy. What are some things that you could do?
New report examines Africa’s growth in the digital economy and VC investment landscape. In a period of two years, Adanian Labs has grown beyond Kenya, by establishing a presence in Tanzania, Zambia, South Africa and Nigeria – some of the biggest startup and tech hubs in Africa. How Adanian Labs started. Africa-wide Growth.
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