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This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider, a part of the statement read. Other prominent use cases include AML checks, customer onboarding and fraud prevention.
Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators. We realized that there were so many inefficiencies, and that the logistics sector in Senegal was so fragmented, but we felt that technology could help.
If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop stores. Chari wants to digitize informal retail stores in Morocco and provide credit to them. million monthly, said Belkhayat.
“In managing the operations directly ourselves … we went from an asset-light backend distribution software platform to this market-facing platform that was out there delivering goods directly to shops themselves.”. And what started in Kenya soon scaled into neighboring East African markets Tanzania, Rwanda and Uganda in 2018.
And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. 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.
HotelOnline , a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digitalmarketing enabler in the hospitality industry, has acquired HotelPlus, a software provider with clients in 22 countries. million in shares in HotelOnline, which was valued at $24 million before the deal.
While traditionally busy markets like North America and Europe benefited from the explosion in capital, other regions with more nascent startup scenes also saw big gains in their ability to attract funding. The Exchange explores startups, markets and money. Chargel, based in Senegal, recently raised $2.5 Latin American as well.
A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. But only a few players are taking advantage of the market, which can make a case as the next frontier for mobile money and investment apps in Africa.
.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.
Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan auto marketplace KIFAL Auto , marking its foray into North Africa. CoinAfrique classifieds ads marketplace is active in 12 Francophone markets.
Now that Gozem is present across 13 cities, having moved to Gabon and Cameroon with over 800,000 registered users and completed more than 5 million trips, the founders say the company is setting sights on providing digital banking services and lending to its users. And so the key difference in the market is this.
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. Therefore, the new financing will scale up operations in its existing 13 markets across Africa, where it has insured over 4.3 million farmers.
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. PayPal finally arrived Africa’s most populous country in 2014 and a year later, it became the company’s second-biggest market on the continent.
Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. It also defines African startups as companies with their primary market, in terms of operations or revenues, in Africa — not based on HQ or incorporation. In 2021, Nigeria retained the first spot ($1.8 or the U.K. billion.
With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. If they do, they’re doing it at a price point that’s so high that they’ve already priced out the market in that sense,” Olubusi said to TechCrunch. Helium Health.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets.
Partech Shaker , the innovation division of the Paris-based VC firm Partech , has launched an accelerator program christened Chapter54 to help European startups launch in African markets. We are going to help them to reinvent the way they operate their businesses (to enter African markets).”. You have to tweak the way you work.
In Ivory Coast, one of Francophone Africa’s largest mobile money markets, 75% of the population own a mobile money account, compared to 20% who hold bank accounts. Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa. Julaya also received investment from its CFO and country manager in Senegal.
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. It offers over 30 learning tracks ranging from web development to digitalmarketing and data science to artificial intelligence. There are a lot of impact and mass market players.
So far, we’ve touched on two layers of this ecosystem — the digital core banking service providing software that runs financial institutions’ entire operations and interbank processing, which integrates these institutions into a decentralized network powered by blockchain.
New report examines Africa’s growth in the digital economy and VC investment landscape. We help these startups build their teams, iterate where needed, until we find a market fit product,” said Kamara. This means we are focusing on innovations that are applicable across all markets. How Adanian Labs started.
And while the pitches are diverse, some concentrations show key ways that a group of vetted entrepreneurs are thinking about the landscape’s shift in light of finicky venture markets, a downturn, and some public market meltdowns. Swizerland, India, Nigeria, Senegal and other geographies. And this batch supports that realization.
It was the perfect marketing required to onboard several customers in Africa and challenge Binance , the world’s largest crypto exchange by volume, for market share. But as FTX and its chief executive undergo criminal investigation, this event will push forward regulatory changes for crypto across various markets.
Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4 Briter Bridges recorded $5.2 Kenya is a close second with $1.1
TechSoup's NetSquared meetups will bring local nonprofits free digital storytelling workshops in more than 40 cities between August and October. Phoenix, Arizona: Defining and Targeting Your Audience: Marketing for Nonprofits. Seattle, Washington: Digital Communications for Nonprofits. Friday, August 11, 2017.
We are here to talk about the next wave, what are those emerging trends in nonprofit social media marketing. We’re going to talk about Emerging Trends in Nonprofit Social Media Marketing. I am a former development and marketing director. Peace Corps in Senegal in West Africa. I actually loved marketing.
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