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The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service.
CinetPay , a payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa, has secured $2.4 “But the cost that we make is that in Francophone Africa 80% of the population have a mobile money account. million in seed funding. commission on every transaction made.
Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands. New report examines Africa’s growth in the digital economy and VC investment landscape. TLcom and 4DX drive $13.1M
The company, which facilitates B2B payments for businesses in Francophone West Africa, mainly via mobile money channels, has raised a total of $7 million in the financing round. . In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts. million monthly.
WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. WaystoCap is bringing Africa’s cross-border trade into the digital era. The company subsequently raised a $3 million seed round.
But it's also the second largest mobile phone recycler in France and one of the largest in Europe. ADB also collects and sorts office waste, including ink cartridges and PCs, as well as mobile phones for recycling or reuse in its thrift stores. ADB now collects approximately 180,000 mobile phones per year. International.
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