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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

While working on the problem, they identified the skewed incentives when interacting with card issuers. And they launched Union54 not only to solve that problem for themselves but other fintechs. They range from digital banks to post-Series A fintechs and “companies founded on the basis of Union54’s availability.” .

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

The company also claims to have processed volumes now reaching double digits in millions of dollars. “What’s more, our interactions with customers and potential customers have shown us that the real problem we are tackling isn’t the ease of issuing cards– rather, it’s much broader than we could have imagined.”

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

We’re thrilled that today’s rapid changes in technology are opening up tremendous new ways to address the problems they face. For example, Martus can now be configured in less than 10 minutes by anyone with basic digital literacy skills. To do so, we definitely need your help. billion poor and unbanked. Martus Desktop 4.5

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This YC Summer batch features the largest group of African startups yet

TechCrunch

Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. A wave of disruption of digitizing informal retail stores is sweeping across emerging markets this year, and Chari is joining in on the action. Union54 (Zambia). Amenli (Egypt).

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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 problem that we think is most pervasive is consumers’ inability to protect the value of their wealth.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

Aminu Bakori and Kabir Shittu , founders of Sudo Africa, told TechCrunch that the opportunity to build Sudo was due to a problem they faced while attempting to issue cards at their previous startup: a mobile wallet system allowed users to aggregate existing financial institutions into a single platform and perform transactions.

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

TechCrunch

We needed an energy ladder and a series of products that were all connected in some ways but solve different problems for these 2.2 ” Zola has now become a technology company whose products can solve energy access problems in almost any market, the company said in a statement. billion people,” he said. ” More than 1.5

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