TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. Partech : $5.2

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TechCrunch

FEBRUARY 22, 2022

The global chat commerce’s total addressable market is worth an estimated $80 billion and is seen as the third big wave of digital commerce after e-commerce and app commerce markets. As the largest digital platform in the world with more users than the internet’s 4.7 million payments transactions are carried out daily.

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. It wasn’t a bad year, though. billion and $2.8

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TechCrunch

APRIL 21, 2021

In total, Okra has raised $4.5 “We’re at a point where businesses are realizing that digital transformation is one of the most conversation happening in most boardrooms. . “We’re at a point where businesses are realizing that digital transformation is one of the most conversation happening in most boardrooms.

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. The idea for the YC-backed Ghanaian fintech came during the chief executive’s time at OMG Digital, a media company he founded that also got into YC , in 2016. “We

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Africa South Africa Raise Nigeria 145

TechCrunch

JANUARY 25, 2021

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. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. The pair both act as co-CEOs.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.

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TechCrunch

NOVEMBER 29, 2022

The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields.”. million seed investment.

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TechCrunch

DECEMBER 1, 2022

FirstCheck Africa, Samata Capital, Future Africa, IgniteXL participated in the round, in addition angel investors ex-SokoWatch COO, Kwenhui Tawah, and ex-L’Oreal executive and current WPP Scangroup CEO, Patricia Ithau. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million.

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TechCrunch

APRIL 18, 2022

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The company also claims to have processed volumes now reaching double digits in millions of dollars. There are very few markets where domestic card schemes edge out the pair in Africa.

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TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

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TechCrunch

AUGUST 5, 2021

In Africa, chartering vessels and processing ocean freight can be challenging. A couple of digital freight companies are tackling this problem, like Nigerian-based MVX. What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria.

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TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. In total, Stitch has raised $27 million to date. And the last is getting end consumers to link their accounts via these businesses. “On

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TechCrunch

NOVEMBER 23, 2021

Mobiz , a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. and double down on marketing, sales and account management.

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TechCrunch

MAY 31, 2022

Talk360, a leading Voice over Internet Protocol (VoIP) player in Africa, enables people to make international calls through its app for a fee, and it is built in such a way that only the initiator needs the app and internet – a smartphone– to make calls. “In

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TechCrunch

AUGUST 17, 2021

Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. Nigerian fintech Okra raises $3.5M

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TechCrunch

JANUARY 6, 2022

Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. million financing round.

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TechCrunch

JANUARY 17, 2023

The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. South African startup Flow wants to change how real estate agencies, developers and agents interact with their end customers. million in pre-Series A funding.

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TechCrunch

DECEMBER 6, 2021

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC).

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TechCrunch

NOVEMBER 15, 2021

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. The company has raised $3.4 Kassim said the company is conducting tests with merchants in Nigeria and South Africa and expects to launch both markets in the near future. . Australia and Asia.

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TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending.

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TechCrunch

FEBRUARY 24, 2021

Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment. Africa’s financial infrastructure space is heating up.

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TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The news follows the Naspers-led $11 million Series A round that the South African insurtech announced in August 2021.

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TechCrunch

JANUARY 16, 2023

The new funding brings the total seed amount raised by the startup to $7 million. Kwara, which also has a presence in South Africa and the Philippines, has grown its clientele base to 120 from 50 at the end of 2021, maintaining a 100% customer retention — a proof of the value it delivers to its clients.

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TechCrunch

AUGUST 9, 2022

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Convertedin’s revenues from these businesses have been growing in “double-digits” month-over-month, Fergany said.

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TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. Smartphone re-commerce startup Badili raises $2.1M Smartphone re-commerce platform Cashify bags $90 million in new funding.

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TechCrunch

OCTOBER 3, 2022

Months after the initial close of its seed round, Talk360 , a South African Voice over Internet Protocol (VoIP) startup, has raised an additional $3 million, bringing the total investment raised in the round to $7 million. South Africa’s Talk360 raises $4M to build single payment platform for Africa.

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TechCrunch

JANUARY 4, 2022

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of how much the startup scene has transformed over the last few years.

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TechCrunch

SEPTEMBER 21, 2022

Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. To bolster its efforts, it has also raised $1.6 That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I

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TechCrunch

DECEMBER 1, 2021

Gozem , a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. It follows the $7 million raised in previous seed rounds via three tranches from investors such as U.S.

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TechCrunch

MAY 25, 2022

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. In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia.

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TechCrunch

JUNE 10, 2021

However , ubiquitous access to such care is scant across Sub-Saharan Africa. There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. As a Sweden-based telehealth company, Doktor.se

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TechCrunch

MARCH 15, 2022

raised more money from venture capitalists in 2021 than ever. On the bright side, founding teams counting both women and men as members raised 17% of VC investments in Africa in 2021. Women-founded startups in Africa to have raised $100 million or more are led mainly by white CEOs. startups raked last year.

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

AUGUST 31, 2022

Duplo , a B2B payments startup that solves these issues by enabling African enterprises to collect payments from their clients and partners and make payments to their suppliers and vendors, has raised $4.3 And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added.

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