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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. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.
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. They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique.
Today, Africa’s largest digital payments network MFS Africa joins the fray. The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.
They range from digital banks to post-Series A fintechs and “companies founded on the basis of Union54’s availability.” . In retrospect, though, Mlambo and Martini’s experience as founders of Zazu, where they raised over $2 million as one of Zambia’s most funded startups, cannot be written off as a contributor to Union54’s seeming success.
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.
Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 But with the introduction of virtual dollar cards in a few digital banks and fintech platforms, this has become less of an issue. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.
More and more of my time is spent around both raising money and raising awareness of how much more could be done with technology to increase social impact. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. Martus Desktop 4.5
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. million seed round we covered.
The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.
When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. It’s literally a no-brainer.
It is this missing connection that Emtech , a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market. Already, CBDCs are taking off in Africa, with Zambia and Kenya being the latest countries to test their viability.
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.
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 Visa is taking the lead as a first mover in digital payments in Sudan. million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year.
Impact Rooms offers well-rounded solutions for startup problems, from ensuring that they are investor-ready and are matched with the right investors, to raising capital. We conduct company evaluations through investor-readiness support and offer introductions to relevant service partners, and then support with capital raising.”.
” The $90 million funding raised is a combination of debt and equity, $45 million each. First, around product development, the team is eager to build next-generation digital renewable energy. Since 2011, the company has raised over $230 million in debt and equity financing. “These are the core differences.
Tom Iselin will show you how to increase your likability and “memorability” among donors that will deepen relationships, help you raise more money, and create greater donor loyalty. We got five excellent tactics for you that’ll help you raise more money, and improve your donor relationships through personal branding.
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
It remains one of the well-funded startups across Africa, raising over $50 million since inception, including a Series C round of $17 million, led by the CDC Group, the U.K.’s It plans to use its network of pharmacies to build what it describes as a digital primary care service that will offer all-in-one diagnostics services.
Together with partners like Salesforce, over the past 16 years (RED) has raised over $700 million dollars for global health, and (RED)-funded grants have impacted over 245 million people. Unfortunately, just like access to new medicines, digital health solutions have been slow to reach low-income communities that need it most.
Jambo , a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding.
New report examines Africa’s growth in the digital economy and VC investment landscape. By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We
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