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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. 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.

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

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

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

TechCrunch

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.

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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. Other investors in this growth round include Box Group, Knollwood and D Global Ventures. million seed round we covered.

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Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

TechCrunch

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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Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

TechCrunch

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.

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

“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.

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