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Nigeria’s digital payroll platform Bento expands to Kenya, Rwanda and Ghana, to enter six other African markets in 2022

TechCrunch

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U., and the U.S.

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Finclusion raises $20M to build out credit-led neobank offering across Africa

TechCrunch

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and South Africa. African customers are in dire need of credit.

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MarketForce partners with Cellulant to expand in five new markets across Africa as it races to cover continent

TechCrunch

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

But issues around pricing, flexibility to innovate and a lack of local tech support always come up. “We started Appzone with the intention to build out innovative local solutions for banking and payments on the continent,” CEO Obi Emetarom told TechCrunch. This is where Appzone has found its sweet spot.

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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 company was founded by Ahmed Ismail , Youcef Oudjidane , Khalid Keenan and Abdigani Diriye in late 2021.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

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. “Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.”